1Z0-573 | how many questions of 1Z0-573 examcollection?
Q1. Which two statements are true with regard to voucher interunit accounting entries?
A. Accrual accounting entries contain interunit entries when charge to business unit (GL BU entered at distribution line level) is different from the voucher payable business unit.
B. Accrual accounting entries contain interunit entries when charge to business unit (GL BU entered at distribution line level) is different from the voucher general ledger business unit.
C. Payment accounting entries contain interunit entries when the general ledger business unit of voucher differs from the remit to bank general ledger business unit.
D. Voucher interunit accounting entries will be of informational use and will not be posted to general ledger.
E. Interunit accounts are defined at the voucher accounting entry template level.
Answer: B
Explanation: Reference:
http://docs.oracle.com/cd/E27605_01/fscm91pbr2/eng/psbooks/fapy/chapter.htm?File=fapy
/htm/fapy12.htm
Q2. Which four items are default attributes for duplicated invoices?
A. Business Unit
B. Vendor ID
C. Invoice Number
D. Invoice Date
E. SetID
F. Vendor Address Sequence
G. PO Requestor
Answer: A,C,D,G
Q3. The Past Due Matching metric can chart vouchers where payment is outstanding for
A. 1-30 and 31-60 days only
B. 1-30, 31-60 days, and 61-90 days only
C. 1-30, 31-60 days, and days specified over 60 days
D. only vouchers greater than 30 days
Answer: C
Q4. When is a registered voucher entered?
A. An organization receives multiple similar invoices from a vendor
B. A company wants to pay a rebate or refund to a one-time vendor
C. The accounting distribution is unknown
D. Invoices received from vendors contain charges other than merchandise charges
E. An organization purchases goods or services without generating a purchase order
Answer: B
Explanation: Reference:
http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fapy/task_EnteringSinglePaymentVouchers-9f7146.html
Q5. Which three statements are true about voucher payments?
A. Manual payments cannot be cancelled.
B. Payments cancelled with the “Void” option get reconciled automatically.
C. The reference ID for a voucher payment is derived from “Last Ref Number” defined at the bank account – payment method level.
D. Payment for a prepaid voucher cannot be recorded manually.
E. Payment cancellation can be undone as long as the payment posting is not run.
Answer: A,C,D
Q6. What are two Office of Foreign Asset Control (OFAC) Vendor Compliance requirements?
A. Compliance from all US-based persons and businesses
B. Importable SDN List
C. Canadian vendors are unable to collect tax breaks in the US
D. Vendors financial history is accessible from anywhere
Answer: B,C
Q7. Which of the following should Withholding reports include?
A. By voucher, by period, business units, and specified vendor
B. By voucher, by period, and vendors
C. By voucher, by period, and business units
D. By vendors only
Answer: C
Q8. Is it possible to define voucher entry limits to restrict users from entering vouchers over a
certain threshold? Ifyes, how?
A. Yes, voucher entry limits are defined in User Preferences.
B. No, it is not possible to define voucher entry limits.
C. Yes, voucher entry limits are defined in Session Defaults.
D. Yes, voucher entry limits are defined through a workflow around voucher entry.
E. Yes, voucher entry limits are defined through the use of Control Groups.
Answer: D
Q9. Which two drilldowns are available from the voucher inquiry page?
A. Voucher entry page
B. Voucher details
C. Match Workbench
D. Journal entry page
Answer: D
Explanation: Reference:
http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fapy/task_DrillingDowntoEntryEventJournalLines-9f6d45.html
Q10. Which two statements are true about prepayment application to regular vouchers?
A. A Prepaid voucher can be applied to many regular vouchers but not vice versa.
B. A Prepaid voucher cannot be paid in more than one regular payment schedule.
C. A Prepaid voucher will not be available for applying to regular vouchers until it is paid.
D. Withholding cannot be applied on prepaid vouchers.
Answer: C,D
Explanation: Reference:
http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fapy/task_EnteringPrepaidVouchersOnline-9f6e82.html