1z0-1055-24 Dumps With Exact Questions and Answers

Comprehensive and Detailed In-Depth Explanation:

In Oracle Financials Cloud, theMatch in Fullfeature allows users to create invoices by matching the full amount of a purchase order (PO) efficiently. However, certain conditions can prevent a PO from appearing in the Match in Full search results.

Analysis of Each Option:

A. The match approval level is set to 4-way matching

Explanation:The match approval level determines the matching requirements between the PO, receipt, inspection, and invoice. A 4-way matching requires that the PO, receipt, accepted quantities from inspection, and invoice quantities all match within defined tolerances before payment approval. This setting, however, does not impact the availability of the PO in the Match in Full search results. Therefore, a 4-way matching configuration isnota reason for the PO not appearing in the search results.

B. The Supplier or Purchase Order is set up for self-billing

Explanation:Self-billing arrangements mean that the buyer generates the invoice on behalf of the supplier. In such scenarios, the Match in Full feature is not applicable because the invoicing process is handled differently. As per Oracle documentation, "Match in Full can't be used in the following circumstances:... A supplier or the purchase order is set up for self-billing."

docs.oracle.com

Therefore, if the supplier or PO is configured for self-billing, the PO will not appear in the Match in Full search results.

C. The match approval level is set to 3-way matching

Explanation:Similar to 4-way matching, a 3-way matching requires that the PO, receipt, and invoice quantities match within tolerances before payment approval. This setting ensures that the goods received and invoiced align with the PO terms. However, the match approval level, whether 3-way or 4-way, does not affect the PO's availability in the Match in Full search results. Thus, a 3-way matching configuration isnota reason for the PO not appearing in the search results.

D. The Purchase Order is already partially matched to an invoice

Explanation:The Match in Full feature is designed for situations where the supplier sends an invoice for the full amount of the PO. If a PO has already been partially matched to an invoice, it indicates that some portions of the PO have been invoiced, and the remaining amounts do not represent the full PO value. According to Oracle documentation, "Match in Full can't be used in the following circumstances:... The purchase order has already been partially matched to an invoice."

docs.oracle.com

Therefore, a PO that has been partially matched will not appear in the Match in Full search results.

Conclusion:

The two reasons preventing the purchase order from appearing in the Match in Full search results are:

B. The Supplier or Purchase Order is set up for self-billing

D. The Purchase Order is already partially matched to an invoice

These conditions make the Match in Full feature inapplicable, thereby excluding the PO from the search results.

Comprehensive and Detailed In-Depth Explanation:

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.

Explanation: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 isnota reason for an installment not being selected.

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

Explanation: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 isnota valid reason for an installment not being selected.

C. The invoice needs re-validation.

Explanation: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.

Explanation: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.

Explanation: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 isnota 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.

Comprehensive and Detailed In-Depth Explanation:

In Oracle Financials Cloud, managing corporate card transactions for inactive employees is crucial to maintain timely payments and avoid disputes with card providers. The processesUpload Corporate Card TransactionsandProcess Corporate Card Transactions for Inactive Employeesare designed to handle such scenarios effectively.

Key Capabilities of These Processes:

Employee Termination Date (Option A):

Role in Processing:The system identifies inactive employees based on their termination or inactive status. When theProcess Corporate Card Transactions for Inactive Employeesprocess is executed, it scans for employees whose status has changed to inactive (e.g., due to termination or unpaid leave) and identifies any outstanding corporate card transactions associated with them.