1z0-1005 Free Practice Test

You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

1. A. Run and submit your 1099s because it will automatically refilect any changes.
2. B. Edit the 1099 template to refilect the changes, and then run and submit the 1099 report.
3. C. Generate a 1096 form and submit it instead.
4. D. Manually enter the 1099s for the State and submi

Correct Answer: B

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

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

Correct Answer: DE

Which component is not included in the security architecture for credit card data and bank account data encryption?

1. A. Payments master encryption key
2. B. Oracle Wallet
3. C. Payments subkeys
4. D. Sensitive data encryption and storage
5. E. Supplier master encryption key

Correct Answer: E

While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used. What is the reason?

1. A. You did not define conversion rates in the General Ledger Cloud.
2. B. Only cash transactions use those settings.
3. C. You did not define conversion rates for your business unit.
4. D. You did not specify a default expense templat

Correct Answer: B

An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
- Payment Date = June 20, 2016
- Pay Through Date = July 30, 2016
- Date Basis = Due Date
What will be the resulting status of the installment and discount?

1. A. The installment is selected and a discount of $150 USD is applied.
2. B. The installment is selected and a discount of $50 USD is applied.
3. C. The installment is not selected because the due date is after the Pay Through Date.
4. D. The installment is selected and no discount is applied.
5. E. The installment is not selected because the discount dates are before the Pay Through Dat

Correct Answer: D