1z0-1005 Free Practice Test

A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true?

1. A. The invoices are placed on payment hold.
2. B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
3. C. The status of the payment file is Cancelled.
4. D. The status of the payment file is Terminated.
5. E. The status of each payment in the payment file is Terminate

Correct Answer: DE

You have an invoice for a three month lease and wish to recognize the expense monthly for the duration of the lease. What must be entered on the invoice in order to do this?

1. A. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
2. B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
3. C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
4. D. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.

Correct Answer: B

You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

1. A. InvoiceApproversSingleParticipantInParallelMode
2. B. InvoiceApprovers
3. C. InvoiceApproversParallelParticipantInParallelMode
4. D. InvoiceApproversFYIParticipantInParallelMode

Correct Answer: A

What are the two advantages of using a spreadsheet for correcting invoice import errors?

1. A. identification of errors with clear error messages at the invoice header and line levels
2. B. identification of errors with clear error messages at the invoice header level only
3. C. ability to correct errors and re-import invoices directly from a spreadsheet
4. D. ability to correct errors within the spreadsheet and send invoice corrections for approval
5. E. ability to enter a high volume of invoices via a spreadsheet

Correct Answer: AC

You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

1. A. Run the create accounting program.
2. B. Run the invoice validation program.
3. C. Remove the documents or payments causing the error and resume the payment process.
4. D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
5. E. Terminate the payment process reques

Correct Answer: DE
Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm