Oracle 1Z1-1055 Value Pack (Frequently Bought Together)

Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

• A. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
• B. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
• C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
• D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.

Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

• A. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
• B. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
• C. You cannot update the minimum transaction currency when intercompany currency is entered.
• D. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
• E. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request? (Choose two.)

• A. Both the invoice and the credit memo are included in the Payment Process Request.
• B. Both the invoice and the credit memo are fully paid.
• C. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
• D. Neither the invoice nor the credit memo is included in the Payment Process Request.

An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

• A. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.
• B. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000.
• C. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.
• D. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.

A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

• A. Manage Invoice Options and Manage common options for Payables and Procurement
• B. Manage common options for Payables and Procurement and Manage Procurement agents
• C. Manage Payable Options and Manage Invoice Options
• D. Manage Invoice Options and Manage Procurement agents
• E. Manage Payment Options and Manage common options for Payables and Procurement