1Z0-1055-21 Exam Questions & Answers

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1Z0-1055-21 Exam Questions & Answers

Vendor: Oracle

Certifications: Enterprise Resource Planning (ERP)

Exam Code: 1Z0-1055-21

Exam Name: Oracle Financials Cloud: Payables 2021 Implementation Essentials

Updated:

Q&As: 112

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1Z0-1055-21 Online Practice Questions and Answers

Questions 1

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A. The user needs to specify which payment term to use.

B. The payment term of the purchase order overrides the invoice payment term.

C. The payment term of the invoice overrides the purchase order payment term.

D. The purchase order payment term cannot be overridden.

E. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

Show Answer
Questions 2

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.

Show Answer
Questions 3

Identify three statements that indicate the purpose of Functional Setup Manager.

A. It allows you to centrally manage the close processes across subledgers and ledgers.

B. it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.

C. It automatically marks the completion status of tasks as Completed once they have been completed.

D. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

E. It provides a central place to access and perform all of the setup steps across the applications.

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