Free Oracle 1z0-573 Exam Dumps Questions & Answers

PeopleSoft Payables enables you to use alternate bankaccounts to replace the original bank accounts defined for a pay cycle according to bank replacement rules. All are bank replacement options except ______.

• A.  Replace by Individual Payment Limit: Assign an alternate bank account to any individual payment that exceeds a monetary amount limit that is predefined for the original bank account.
• B.  Replace Bank with Another Bank: Replace a particular original bank account or payment method with an alternate bank account or payment method.
• C.  Replace by Currency: Assign an alternate bank account, payment method, and currency to all payments scheduled to be made with a particular original currency.
• D.  Replace by Bank Maximum Limit:Assign an alternate bank account to any payments that remain after the monetary total of accumulated payments from a single bank account exceeds a defined monetary limit for that bank account.
• E.  Replace All Bank Accounts: Replace the original bank accounts for all payments in a pay cycle with multiple alternate bank accounts.

What report is used to reconcile data from the Payables and Procurement departments?

• A.  AP/GL Journal Reconciliation Report
• B.  Match Exception Report
• C.  AP/GL Open Liability Account Reconciliation Report
• D.  Voucher Register
• E.  Control Group Register

Which four items are default attributes for duplicated invoices?

• A.  PO Requestor
• B.  Business Unit
• C.  Invoice Date
• D.  SetID
• E.  Vendor Address Sequence
• F.  Invoice Number
• G.  Vendor ID

When determining the fiscal year and period to which the payment accounting entries are posted, three options are available for the date that the system uses as the accounting date for the payments created in the pay cycle. What are the three options?

• A.  Future
• B.  Payment
• C.  Specific
• D.  Posting
• E.  Current

Consider a completely unpaid regular voucher that is posted, the accounting entries of which are posted to general ledger. These journals are in valid status but not yet posted to ledger. The AP user decided to close the voucher, navigated to the voucher close page, and marked this voucher for closure. What would be the next appropriate action to close the voucher completely and to maintain the account balances in sync?

• A.  Run journal generation directly. Marking the voucher for closure will generate closure entries automatically.
• B.  Create reversal journal entries in general ledger in order to balance the original journal entries created
• C.  Run voucher posting and then the journal generator to push the closure entries to general ledger
• D.  No further action is necessary. Marking the voucher for closure will automatically generate reversal entries at both the voucher accounting level and the journal level.