Free Oracle 1z1-573 Exam Dumps Questions & Answers

What report is used to reconcile data from the Payables and Procurement departments?

• A.  AP/GL Open Liability Account Reconciliation Report
• B.  Voucher Register
• C.  AP/GL Journal Reconciliation Report
• D.  Control Group Register
• E.  Match Exception Report

Which four items are required when creating a new vendor?

• A.  Information used to process withholding
• B.  Payment options thatestablish defaults for payment processing
• C.  Location information, including remit to and pricing locations
• D.  The vendor point of contact
• E.  Vendor sales history
• F.  The list of different products from the vendor
• G.  Procurement defaults thatdefine your relationship with your vendor

Choose the correct statement regarding a 1099 withholding voucher.

• A.  Use tax is not 1099 applicable
• B.  Applicable Withholding basis amount is calculated when the voucher is created
• C.  Only Sales and Use tax are considered for calculation of Withholding basis amount
• D.  Freight tax is never used while calculating Withholding basis amount
• E.  Sales Tax is always considered for calculating Withholding basis amount

Which three situations will prevent undoing a matched voucher?

• A.  The original voucher has been deleted
• B.  One of the receipts is associated with a voucher that is closed
• C.  Voucher has not been posted or paid
• D.  The voucher status is open
• E.  Related purchase order is closed

If the vendor has an initial financial sanctions status of Cleared, and the system performs financial sanctions validation and finds that there is a match, the system automatically changes the vendor's financial sanctions status to ______.

• A.  Review
• B.  Hold
• C.  Reject
• D.  Valid