Oracle 1Z0-1055-24 Exam Dumps

Comprehensive and Detailed In-Depth

In Oracle Financials Cloud, when an expense report is placed on payment hold, there are specific methods to release these holds:

Manual Release by the Expense Auditor (Option A):

Process:

The expense auditor navigates to the Audit Expense Report page.

From the Actions menu in the header, selects Release Hold.

Outcome: This action releases the payment hold on the entire expense report, changing its status to Pending Payment.

Automatic Release by the System (Option C):

Process:

The system monitors the status of required receipts for the expense report.

If receipts are received or waived, the system automatically releases the payment hold.

Outcome: The expense report progresses to the next stage in the payment process without manual intervention.

Clarifications on Other Options:

Option B: The employee cannot manually release a payment hold from the notification. This responsibility lies with the expense auditor or the system based on receipt status.

Option D: The employee's supervisor does not have the authority to release payment holds from notifications.

Option E: While the Payables Manager can manage invoice holds in Payables, the release of payment holds on expense reports is specifically handled within the Expenses module by the expense auditor or automatically by the system.

Therefore, the correct methods to release payment holds on expense reports are through manual intervention by the expense auditor or automatic release by the system upon receipt or waiver of required documents.

Comprehensive and Detailed In-Depth

In Oracle Financials Cloud, the Match in Full feature 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

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 is not a reason for the PO not appearing in the search results.

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

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

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 is not a reason for the PO not appearing in the search results.

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

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.

Oracle Financials Cloud Documentation -- Overview of Creating Invoices Using Match in Full https://docs.oracle.com/en/cloud/saas/financials/24b/fappp/overview-of-creating-invoices-using-match-in-full.html

Oracle Financials Cloud Documentation -- Overview of Creating Invoices Using Match in Full https://docs.oracle.com/en/cloud/saas/financials/24b/fappp/overview-of-creating-invoices-using-match-in-full.html