1z0-1005 Free Practice Test

The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

1. A. Set the validation failure handling for documents to “show errors”.
2. B. Set the validation failure handling for payments to “show errors”.
3. C. Enable debug for the payment format program.
4. D. Set the validation failure handling for payments to “stop process for review”.

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

You want to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage. Select two methods to achieve this.

1. A. Customize the Subledger Accounting rules to allocate costs.
2. B. Define a distribution set and assign it manually to the invoice.
3. C. Enter the invoice in Payables and then use general ledger’s Calculation Manager to allocate the costs.
4. D. Define a distribution set and assign it to the supplie

Correct Answer: AB

Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?

1. A. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
2. B. Enter the payment terms at the supplier site level so they default onto the invoice.
3. C. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
4. D. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
5. E. Enter the payment terms at the Supplier level so they default onto the invoic

Correct Answer: D

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

1. A. Assign the Expense Auditor job roles to each auditor.
2. B. Assign the Expense Auditor as the owner of each business unit.
3. C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
4. D. Use segment value security rules to secure access to business units.

Correct Answer: C
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

You entered an invoice of 12,000 and paid it for Office Supplies. The payment was never received by the supplier, and you decide to return the entire order. What should you do?

1. A. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
2. B. Issue a credit memo, which will debit the liability and credit the expense.
3. C. Cancel the invoice, which debits the liability and credits the expense.
4. D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.

Correct Answer: D