Online Access Free 1z0-1055-20 Exam Questions

Which two statements are true about the Invoice Validation process? (Choose two.)

• A.updates supplier balances
• B.opens the relevant accounting period
• C.creates tax lines and distributions
• D.creates accounting entries in draft
• E.validates project information

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?

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

Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

• A.Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
• B.Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
• C.Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file.
  Then upload the file back under the translated region.
• D.Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file.
  Then upload the file back under the translated region.

While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)

• A.The employee can manually release the hold.
• B.Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
• C.Payables Manager can release payment holds in Payables.
• D.The employee's supervisor can manually release the hold.
• E.The expense auditor can manually release the payment hold at his discretion.

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