Online Access Free 1Z0-1005 Exam Questions

An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
* Payment Date = June 20, 2018
* Pay Through Date = July 30, 2018
* Date Basis = Due Date
What will be the resulting status of the installment and discount?

• A.The installment is selected and a discount of $50 USD is applied.
• B.The installment is not selected because the discount dates are before the Pay Through Date.
• C.The installment is not selected because the due date is after the Pay Through Date.
• D.The installment is selected and a discount of $150 USD is applied.
• E.The installment is selected and no discount is applied.

Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy? (Choose three.)

• A.It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
• B.It determines which payments must go through the payment approval process.
• C.It defines when to initiate the payment approval process.
• D.It allows approvers to review payments and decide whether or not to approve a payment.
• E.It defines a list of approvers who review payments and make final payment decisions.

You have a high volume of invoices to enter that have similar lines and do not require extensive validation.
What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

• A.Make sure all the invoice dates are the same.
• B.Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
• C.Make sure the Invoice Number is the same.
• D.Enter a value in the Invoice Group field to group similar invoices into a batch.
• E.Assign the same Invoice Header Identifier to multiple invoices you want to group.

Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units.
What setup is required to achieve this?

• A.Business Unit Security
• B.a Self-Service Service Provider Model
• C.a Dedicated and Self-Service Service Provider Model
• D.a Dedicated Service Provider model

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

• A.Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
• B.Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
• C.Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
• D.Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.