Scribd
Upload
432 views3 pages

Exam 1z0-1005: Oracle Financials Cloud

This document contains a practice exam for the Oracle Financials Cloud: Payables 2018 Implementation Essentials certification. It includes 7 multiple choice questions covering topics like selecting bank accounts for payments, using reference data sets, handling expense report currency conversions, invoice imaging solutions, expense report tolerance calculations, electronic payment and check output formats, and the invoice validation process.

Uploaded by

dreamsky702243
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
432 views3 pages

Exam 1z0-1005: Oracle Financials Cloud

This document contains a practice exam for the Oracle Financials Cloud: Payables 2018 Implementation Essentials certification. It includes 7 multiple choice questions covering topics like selecting bank accounts for payments, using reference data sets, handling expense report currency conversions, invoice imaging solutions, expense report tolerance calculations, electronic payment and check output formats, and the invoice validation process.

Uploaded by

dreamsky702243
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Exam : 1z0-1005

Title : Oracle Financials Cloud:


Payables 2018
Implementation Essentials

Vendor : Oracle

Version : DEMO
NO.1 Which statement is true about selecting a bank account on the Create Payment
page?
A. Bank account must match the supplier's bank account.
B. LE on the bank account should be equal to LE on the invoice.
C. Users can pick any bank account as long as the bank account is tied to the business unit.
D. LE on the bank account should be different from the LE on the invoice.
E. There is not relationship between the business unit, bank, and L Users can pick any bank
account that is setup in their system.
Answer: B

NO.2 You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What
is the function of Reference Data Sets?
A. allow you to secure data by business unit
B. allow you to assign multiple business units to users in a shared service
center
C. allow you to maintain sets of related data in a Data Dictionary
D. allow you to share reference data, such as payment terms, across multiple business units to
avoid redundant setup
Answer: D

NO.3 During your business trip to the UK, you took a taxi ride and paid for it by using your
personal Visa credit card. While entering your expenses, you get a warning that a different
conversion rate was applied to the taxi expense by Visa than the one used by your company. How
do you handle this situation?
A. Call Visa to address the issue and tell them to make adjustments to their conversion rate.
Then, wait to get a revised statement.
B. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used
a different conversion rate.
C. Use the corporate-defines conversion rate even if it means you will not be reimbursed fully.
D. Do not enter the taxi expense and call your Finance Department so that they can make changes
in the conversation rate settings and you do not violate the allowable limit.
Answer: D

NO.4 Identify two ways the invoice imaging solution works in the Cloud.
A. Customers scan and store the invoice images on-premise and attach them during invoice entry.
B. Customers ask their suppliers to scan and email the invoice.
C. Customers ask suppliers to send electronic invoices.
D. Customers scan the invoice on-premise and email the images.
E. Customers cannot use invoice imaging in the Cloud.
Answer: B,D

NO.5 How will system evaluate the tolerances for expense reports?
A. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).
B. System will use absolute amount tolerance setup to do validations.
C. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency
precision.
D. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance +
Error Tolerance/100).
E. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)*
currency precision.
Answer: D

NO.6 What are the output formats supported for Electronic and Check format
programs?
A. Electronic output format of PDF, Check output format of PDF
B. Electronic output format of Text, Check output format of Text
C. Electronic output format of DATA (csv), Check output format of Zipped
PDFs
D. Electronic output format of XML, Check output format of rtf
E. Electronic output format of etext, Check output format of
rtf Answer: D

NO.7 Which two statements are true about the Invoice Validation process?
A. creates withholding tax invoices, if withholding tax is enabled to create withholding tax
at payment, so that you can make payment on this invoice
B. creates tax lines and distributions
C. updates supplier balances
D. creates accounting entries in draft
E. validates project information
Answer: C,E

You might also like