Online Access Free 1z0-1055-20 Exam Questions

XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

• A.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
• B.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.
• C.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
• D.The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.

You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

• A.Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
• B.Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
• C.Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
• D.Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

• A.On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Jan 10th, Debit Rental Expense for 12,000 and Credit Cash for 12,000
• B.On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for
  4,000 and Credit Prepared Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
• C.On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability 12,000
• D.On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)

• A.Biweekly
• B.Monthly
• C.Weekly
• D.Bimonthly
• E.Annually

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