Oracle 1Z0-1055-24 Exam Questions

Comprehensive and Detailed In-Depth

For an invoice to be available for payment processing in Oracle Payables, it must meet specific criteria. If an invoice is missing from the Create Payment page, the following could be the reasons:

The Invoice is Not Validated (Option A):

Invoices must be validated to ensure data accuracy and compliance with business rules. If an invoice is not validated, it remains in an Incomplete status and is not available for payment.

Resolution: Run the Invoice Validation process to validate the invoice. Once validated, it will appear in the Create Payment page for selection.

The Payment Supplier Site Selected Differs from the Supplier Site on the Invoice (Option C):

Invoices are tied to a specific supplier site. If the supplier site selected when creating the payment does not match the supplier site on the invoice, the invoice will not be available for selection.

Resolution: Ensure that the supplier site selected on the Create Payment page matches the supplier site associated with the invoice.

Options B and D Analysis:

The Invoice is Not Yet Due (Option B):

While an invoice's due date impacts its eligibility for automatic payment processing (such as Payment Process Requests), it does not prevent an invoice from being selected manually for an off-cycle, single payment.

Verdict: Not a valid reason for invoice non-selection.

The Invoice is Not Accounted (Option D):

An invoice does not need to be accounted before payment; payment can be processed first, and accounting entries can be created afterward.

Verdict: Not a valid reason for invoice non-selection.

Thus, the correct answers are A. The invoice is not validated and C. The supplier site on the invoice does not match the supplier site selected during payment creation.

Comprehensive and Detailed In-Depth

Oracle Payables Cloud, enhanced with Adaptive Intelligence (AI), offers a feature known as Early Payment Discounts. This functionality enables organizations to optimize their cash flow by taking advantage of discounts offered for early invoice payments.

Key Features of Early Payment Discounts:

Variable Annual Percentage Rate (APR) Based on 'Days Paid Early' (Option B):

The discount amount is calculated using a variable APR, which is determined based on the number of days the payment is made ahead of the due date. The earlier the payment is made, the higher the discount percentage applied.

The Earlier the Payment, the Greater the Discount (Option C):

This principle aligns with the time value of money, where paying invoices earlier results in greater discounts. The discount decreases as the payment date approaches the invoice due date.

Clarification of Option A:

Eligible Discounts Decrease on a Sliding Scale Based on the Supplier's Discretion:

While the discount offered decreases over time, this scaling is typically predefined in the payment terms agreed upon between the buyer and the supplier, rather than being adjusted at the supplier's discretion on a case-by-case basis. The terms are set during the establishment of the early payment discount program and are systematically applied, ensuring consistency and predictability in discount calculations.

Therefore, Option A is not a feature of the early payment discounts as implemented in Oracle Payables Cloud with Adaptive Intelligence.

Early Payment Discounts

Early Payment Discount Offers

Once enrolled, a supplier discount is set and applies to all payments indefinitely, until supplier unsubscribes.

Comprehensive and Detailed In-Depth

In Oracle Financials Cloud, even when an installment meets the selection criteria of a Payment Process Request (PPR), certain conditions can prevent it from being selected for payment processing. Understanding these conditions is crucial for troubleshooting and ensuring a smooth payment workflow.

Analysis of Each Option:

A . The pay-through date is in a future period.

The pay-through date in a PPR determines the latest due date of invoices to be included for payment. Setting this date in the future is a common practice to include all invoices due up to that date. Therefore, having a pay-through date in a future period would not prevent installments from being selected; instead, it broadens the selection criteria. This is not a reason for an installment not being selected.

B . The pay-through date is in a closed Payables period.

The pay-through date affects which invoices are selected based on their due dates, but it does not directly relate to the status of accounting periods. While processing payments in a closed period is not allowed, the pay-through date itself being in a closed period does not prevent installment selection. Therefore, this is not a valid reason for an installment not being selected.

C . The invoice needs re-validation.

Invoices that have undergone changes affecting their payment attributes may require re-validation. If an invoice is in a status indicating it needs re-validation, it will not be selected for payment processing until the validation process is successfully completed. This ensures that all invoice data is accurate and meets the necessary criteria for payment. According to Oracle documentation, an installment might not get selected if 'The invoice must be revalidated.'

docs.oracle.com

D . The invoice requires approval.

Invoices often need to go through an approval workflow to ensure their legitimacy and accuracy. If an invoice has not received the necessary approvals, it remains in a pending status and is excluded from payment processing. Ensuring that all invoices are approved is essential for them to be selected in a PPR. The Oracle documentation states that an installment might not get selected if 'The invoice requires approval.'

docs.oracle.com

E . The invoice has not been accounted.

While accounting is a critical aspect of financial management, the accounting status of an invoice does not typically prevent it from being selected for payment. Invoices can be selected and paid even if they have not yet been accounted, with accounting entries being created subsequently. Therefore, the lack of accounting is not a reason for an installment not being selected in a PPR.

Conclusion:

The two primary reasons an installment, despite meeting selection criteria, might not be selected for payment processing are:

C . The invoice needs re-validation.

D . The invoice requires approval.

Ensuring that all invoices are validated and approved is essential for their inclusion in payment processing.

Oracle Financials Cloud Documentation -- Why didn't an installment get selected for payment? https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/why-didn-t-an-installment-get-selected-for-payment.html

Oracle Financials Cloud Documentation -- Why didn't an installment get selected for payment? https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/why-didn-t-an-installment-get-selected-for-payment.html

Comprehensive and Detailed In-Depth

In Oracle Fusion Applications, access to specific tasks and functionalities is governed by the roles assigned to a user. The 'Create Supplier' task within the Supplier work area is a critical function that allows authorized users to add new suppliers to the system. To access this task, a user must possess the appropriate roles that grant the necessary permissions.

A . The analyst was not given the Procurement Administrator role.

The Procurement Administrator role encompasses a broad range of procurement-related activities, including configuration and oversight functions. However, the ability to create suppliers is not inherently included within this role's permissions. Therefore, assigning the Procurement Administrator role alone would not grant access to the 'Create Supplier' task.

B . The analyst was not given the Supplier Manager role.

The Supplier Manager role is specifically designed to manage supplier-related activities, including the creation and maintenance of supplier records. Assigning this role to a user provides them with the necessary permissions to access the 'Create Supplier' task within the Supplier work area. In the scenario described, the absence of the Supplier Manager role is the reason the Payables Analyst cannot see the 'Create Supplier' task. This is corroborated by Oracle's documentation, which states that users require the Supplier Manager role to create suppliers.

support.oracle.com

C . The analyst was not given the Supplier Administrator role.

While the Supplier Administrator role grants access to certain supplier-related functions, it does not include the permissions necessary to create new suppliers. Users with only the Supplier Administrator role may have visibility into supplier information but lack the capability to add new supplier records. Therefore, the absence of this role is not the cause of the issue.

D . The analyst was not given the Procurement Requester role.

The Procurement Requester role is intended for users who initiate purchase requisitions and related procurement activities. This role does not encompass supplier creation capabilities. Assigning the Procurement Requester role would not grant access to the 'Create Supplier' task, and its absence is not related to the issue at hand.

In summary, to enable the Payables Analyst to access the 'Create Supplier' task, the Supplier Manager role must be assigned to their user account. This role provides the necessary permissions to create and manage supplier records within the Oracle Fusion Applications.