Free PDF Questions For Oracle 1Z0-1055-20 Exam, 112QAs

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Page: 1 / 23
Total Questions: 112

Questions & Answers PDF

• Question 1

  

  What are the output formats supported for Electronic and Check format programs?

  • Electronic output format of XML, Check output format of rtf
  • Electronic output format of eText, Check output format of rtf
  • Electronic output format of Text, Check output format of Text
  • Electronic output format of DATA (csv), Check output format of Zipped PDFs
  • Electronic output format of PDF, Check output format of PDF

  Reveal Answer Answer: 2 Next Question

• Question 2

  

  You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.How will the resulting tax be calculated?

  • The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
  • The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
  • The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
  • The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.

  Reveal Answer Answer: 2 Next Question

• Question 3

  

  A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.Which solution should you implement?

  • Create payments by using the Check Payment method for those suppliers and then destroy those checks.
  • Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
  • Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
  • Create a payment by using a wire payment method for those suppliers.

  Reveal Answer Answer: 4 Next Question

• Question 4

  

  Your customer has an electronic payment format program in use and wants all the documents to use the pay group ''Domestic''. What should you do to achieve this?

  • Define a user validation at the format program to include: Field ''Document pay group'', condition ''Equal to String'', value ''Domestic'', and Field ''Document pay group'', condition ''Required'' and value -- not applicable.
  • Define a user validation at the format program to include: Field ''Document pay group'', condition ''Equal to String'', and value ''Domestic''.
  • Modify your template to hard code the value ''Domestic'' for the pay group position.
  • Define a user validation at the formatprogram to include: Field ''Document pay group'', condition ''Equal to String'', value ''Domestic'', and Field ''Format Program Code'', condition ''Equal to String'' and value -- as desired.

  Reveal Answer Answer: 2 Next Question

• Question 5

  

  Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

  • You cannot update the minimum transaction currency when intercompany currency is entered.
  • Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
  • Set the intercompany system option minimum transaction amount to $ 3,000 USD.
  • Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
  • Set the intercompany system option minimum transaction amount to $2,999.99 USD.

  Reveal Answer Answer: 2, 3 Next Question

Page: 1 / 23
Total Questions: 112

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