Reading study notes is one thing; sitting a timed exam is another. 2Pass4sure's desktop and online test engines recreate the pressure of the 1Z1-1005 testing environment, so the Oracle Financials Cloud: Payables 2018 Implementation Essentials exam feels familiar long before exam day arrives.

Oracle 1Z1-1005 Exam Overview:

Oracle 1Z1-1005 Exam Syllabus Topics:

Oracle 1Z1-1005 Exam FAQ — What Candidates Ask Most

Oracle Financials Cloud: Payables 2018 Implementation Essentials Sample Questions:

Question 1

You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

A. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. Both the invoice and credit memo are included in the payment process request for a payment amount of
$0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
D. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.

Question 2

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

A. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
B. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
C. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
D. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

Question 3

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

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

Question 4

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

A. Payments master encryption key
B. Payments subkeys
C. Oracle Wallet
D. Supplier master encryption key
E. Sensitive data encryption and storage

Question 5

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

A. Enter and post a manual journal entry directly into the general ledger.
B. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
C. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
D. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

Solutions: