Free 1Z1-1005 Questions for Oracle Financials Cloud: Payables 2018 Implementation Essentials 1Z1-1005 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z1-1005
Exam Name/Title: Oracle Financials Cloud: Payables 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 95
Updated On: Jun 01, 2026

Question #1

Which job role has full access to perform all Functional Setup Manager related activities?

A. Application Implementation Consultant

B. IT Security Manager

C. Any Functional User

D. Functional Setup Manager Superuser

E. Application System Administrator

Discussion 0

Correct Answer: A Vote an answer

Question #2

The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)

A. The audit can be completed before the requested information is received from the employee.

B. The expense report is routed back to the approvers.

C. The employee must resubmit the expense report.

D. The expense report status remains Pending Payables Approval.

Discussion 0

Correct Answer: C,D Vote an answer

Question #3

What is the difference between subject areas that append the word "Real Time" and those that do not?

A. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

B. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.

C. There is no difference.

D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.

Discussion 0

Correct Answer: A Vote an answer

Question #4

An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

A. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.

B. The payment process request pays only $200 USD alone.

C. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.

D. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.

Discussion 0

Correct Answer: C Vote an answer

Question #5

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?

A. InvoiceApproversParallelParticipantInParallelMode

B. InvoiceApproversSingleParticipantInParallelMode

C. Invoice Approvers

D. InvoiceApproversFYIParticipantInParallelMode

Discussion 0

Correct Answer: B Vote an answer

Question #6

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.

B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

C. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

D. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.

Discussion 0

Correct Answer: A Vote an answer

Question #7

You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?

A. February 15th

B. April 15th

C. March 15th

D. January 15th

Discussion 0

Correct Answer: A Vote an answer

Question #8

Which reporting tool is used to report on real-time data?

A. Smart View

B. Oracle Financial Reporting Studio

C. Oracle Business Intelligence Publisher

D. Oracle Transactional Business Intelligence (OTBI)

E. Essbase Cube

Discussion 0

Correct Answer: A Vote an answer

Question #9

What two job roles are required to access information within Functional Setup Manager? (Choose two.)

A. Application Implementation Consultant

B. Application Implementation Manager

C. IT Security Manager

D. Any Functional User

E. Functional Setup Manager Superuser

Discussion 0

Correct Answer: A,B Vote an answer

Question #10

What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

A. data that provides a measure of something

B. values that are organized into parent-child relationships

C. information about a business object with values that are dates, Ids or text

D. data that is metric and can be added up or aggregated

Discussion 0

Correct Answer: C Vote an answer

Free 1Z1-1005 Questions for Oracle Financials Cloud: Payables 2018 Implementation Essentials 1Z1-1005 Exam as PDF & Practice Test Engine

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