Oracle Exam 1Z0-1057-22 Topic 5 Question 23 Discussion

Actual exam question for Oracle's 1Z0-1057-22 exam

Question #: 23
Topic #: 5

Your business user has created a purchase order (PO) that has the following attributes:

Accrue at Receipt = Yes

Matching Option = 2 way

Receipt Close Tolerance = 100%

After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the ''Import and Process Cost transactions'' ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as ''Oracle Payables''. The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)

AWhen you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.

BWhen you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.

CWhen you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.

DWhen you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

Show Suggested Answer

Suggested Answer: B

When you reclassify the billing offset balances in the first period, the accounting entry is:

Dr Accounts Receivables 10000 - Cr Unbilled Receivables 10000

This entry reduces the unbilled receivables balance and increases the accounts receivables balance by the invoice amount. This is because the invoice has been created and sent to the customer, and the billing offset account is no longer needed. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2356091

by Serina at Jul 27, 2023, 01:37 AM

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