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Download DemoVendor: Oracle
Certifications: Enterprise Resource Planning (ERP)
Exam Code: 1Z0-1055-20
Exam Name: Oracle Financials Cloud: Payables 2020 Implementation Essentials
Updated: Oct 01, 2024
Q&As: 112
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VCE
A company has a requirement to default the disbursement bank account when submitting a Payment
Process Request.
Which actions will accomplish this? (Choose two.)
A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
C. Define the Disbursement Bank Account to every supplier.
D. Create a Payment Process Request template that includes the Disbursement Bank Account.
E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
Correct Answer: DE
D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request template, a disbursement bank account and a payment process profile default from the template. DE:The following options affect payment processing: References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
What is the name of the Work Area that is used to access Functional Setup Manager?
A. Functional Work Area
B. Functional Setup Manager
C. Customization Manager
D. Setup and Maintenance
E. Customize Setup and Maintenance
Correct Answer: D
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area. References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?
A. allow you to secure data by business unit
B. allow you to assign multiple business units to users in a shared service center
C. allow you to maintain sets of related data in a Data Dictionary
D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
Correct Answer: D
Reference Data Sets You begin this part of your implementation by creating and assigning reference data to sets. Make changes carefully as changes to a particular set affect all business units or application components using that set. You can assign a separate set to each business unit for the typeofobject that is being shared. For example, assign separate sets for payment terms, transaction types, and sales methods to your business units. Your enterprise can determine that certain aspects of your corporate policy can affect all business units. The remaining aspects are at the discretion of the business unit manager to implement. This allows your enterprise to balance autonomy and control for each business unit. For example, your enterprise holds business unit managers accountable for their profitand loss, but manages working capital requirements at a corporate level. In such a case, you can let managers define their own sales methods, but define
payment terms centrally. In this example:
Each business unit has its own reference data set for salesmethods. One central reference data set for
payment terms is assigned to all business units. References:https://docs.oracle.com/cloud/latest/
financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL94
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