Online Access Free 1Z0-1055 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 not selected because the discount dates are before the Pay Through Date.
• B.The installment is selected and a discount of $50 USD is applied.
• 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.
  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm#FAPPP1011879
• E.The installment is selected and no discount is applied.

After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment. (Choose two.)

• A.A payment with the status of Issued.
• B.A payment for an invoice with an associated Withholding Tax invoice.
• C.A payment that has been accounted and posted to General Ledger.
• D.A payment that has already cleared the bank.
• E.A payment that pays a prepayment that has been applied to an invoice.

What is the difference between subject areas that append the word "Real Time" and those that do not?

• A.There is no difference.
• B.The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
• C.The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
• D.The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.

Which three are valid reasons why you cannot close your Payables period? (Choose three.)

• A.Unapplied prepayments
• B.Bills payable requiring maturity
• C.Incomplete payment files
• D.Unaccounted invoices and payments
• E.Suppliers on payment holds

You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

• A.Assign the auditors' specific data roles for the corresponding business units.
• B.Create a custom duty role and assign the data roles to each auditor.
• C.Make auditors the managersof the corresponding business unit to route expense reports properly.
• D.Create your own audit extension rules that correspond to the business unit.