Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation Report?
Correct Answer: A,B,C
Comprehensive and Detailed In-Depth Explanation: The Prepare Payables to General Ledger Reconciliation process in Oracle Financials Cloud is essential for ensuring that your payables and general ledger data are aligned. When submitting this process, you have several parameters available to filter and select the specific data you need for reconciliation. The key parameters include: * Business Unit (Option A): * Purpose: Allows you to reconcile data for a specific business unit within your organization. This is particularly useful if your enterprise structure includes multiple business units and you need to focus on one at a time. Reference: Prepare Payables to General Ledger Reconciliation Accounting Period (Option B): Purpose: Enables you to select the accounting period (either open or closed) for which you want to prepare the reconciliation data. This ensures that the report focuses on the transactions relevant to the specified time frame. Reference: Prepare Payables to General Ledger Reconciliation Balancing Segment Value (Option C): Purpose: Allows you to filter the data by specific balancing segment values, which correspond to entities like companies or divisions within your chart of accounts. This is useful for reconciling data at a more granular level. Reference: Prepare Payables to General Ledger Reconciliation While options D (Supplier), E (Primary Ledger), and F (Natural Account) are important attributes within the payables and general ledger modules, they are not listed as direct filter parameters for the Prepare Payables to General Ledger Reconciliation process. Therefore, the correct answers are A. Business Unit, B. Accounting Period, and C. Balancing Segment Value.
1Z0-1055-24 Exam Question 7
Which two invoice types can have a status of Incomplete?
Correct Answer: A,B
Comprehensive and Detailed In-Depth Explanation: In Oracle Financials Cloud, the "Incomplete" status is assigned to invoices that require additional information or actions before they can be fully processed. This status ensures that incomplete or erroneous invoices are identified and addressed promptly. A: Supplier Portal Invoices which are saved but not yet submitted When suppliers create invoices through the Supplier Portal, they have the option to save their progress without submitting the invoice for approval or payment. These saved invoices are assigned an "Incomplete" status, indicating that the supplier has not yet finalized and submitted them. This allows suppliers to review and modify invoice details before formal submission. support.oracle.com B: Scanned Invoices with invalid or missing data Invoices processed through Integrated Imaging or Intelligent Document Recognition (IDR) are scanned and imported into the system. If these scanned invoices contain invalid or missing data-such as incorrect invoice numbers, missing line items, or unreadable fields-they are assigned an "Incomplete" status. This designation prompts accounts payable personnel to review and correct the discrepancies before the invoices can proceed through the payment process. docs.oracle.com C: Scanned Invoices which are rejected during import Invoices that are rejected during the import process due to significant errors or mismatches are typically not assigned an "Incomplete" status. Instead, they are marked as "Rejected" or "Error," indicating that they require substantial correction before reprocessing. Therefore, this option is not associated with the "Incomplete" status. D: Prepayment Invoices which are fully paid but not applied against any invoice Prepayment invoices represent advance payments made to suppliers and are recorded as such. Once a prepayment is made, the invoice reflects a "Paid" status. The application of this prepayment to subsequent invoices is a separate process and does not revert the original prepayment invoice to an "Incomplete" status. Thus, this option does not correspond to the "Incomplete" status. Understanding the scenarios that lead to an "Incomplete" status helps organizations efficiently manage and rectify invoice issues, ensuring a smooth accounts payable workflow.
1Z0-1055-24 Exam Question 8
During an expense audit, the auditor marks an expense item, which is missing a receipt, to be Short Paid. The auditor chooses to complete the audit and warn the user. Given that the Expense Report Audit Approval is set to After Manager Approval, what are the two valid results of the auditor's action?
Correct Answer: B,D
1Z0-1055-24 Exam Question 9
As an Oracle Financials Cloud Consultant, you are familiarizing yourself with the new features in Adaptive Learning using IDR. You recently learned about Adaptive Learning for Invoice Lines where the interactive invoice viewer can be used to make corrections to certain invoice line-level attributes. Which are the three line-level attributes where the interactive invoice viewer can be used to make corrections?
Correct Answer: A,C,E
1Z0-1055-24 Exam Question 10
You are an Oracle Payable Consultant and your client, a large retail organization is discussion statutory reporting requirements. Your Client to leverage the subledger accounting application to create subledger journal entries for payables. Some of the reporting requirements are scenario based. Which three subledger accounting components can have conditions in the rules?
