Free Oracle 1Z0-1005 Exam Dumps Questions & Answers

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)

• A.Any realized gain or loss previously calculated is reversed.
• B.Voiding the payment automatically places an invoice on hold.
• C.All related interest invoices are reversed if previously created.
• D.Any previous accounting and payment records for an invoice are reversed.
• E.All related withholding tax invoices are automatically voided.

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

• A.For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
• B.For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
• C.For period end accruals, accounting is created at material receipt or at delivery to a final destination.
• D.For period end accruals, the invoice accounting debits the expense account and credits the liability account.

Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)

• A.An expense report may require original, imaged, or both types of receipts.
• B.Expenses do not create payment requests for expense reports that have missing or overdue receipts.
• C.Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
• D.Receipts are not required if the expense item falls within Per Diem Rates.

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?

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

What is the recommendation when setting up Reconciliation Rule Sets?

• A.Many to Many rules should always be used first in the sequence.
• B.One to One rules should be sequenced below rules of other types.
• C.Many to Many rules should always be used last in the sequence.
• D.One to One rules should be sequenced above rules of other types.