1Z0-1055-26 practice question 11 of 15

Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

Full set: 52 questions
Answer options
A: Assignment to one set only; no common values allowed
B: Assignment to multiple sets with common values allowed Correct answer
C: Assignment to multiple sets; no common values allowed
Correct Answer:
B. Assignment to multiple sets with common values allowed
Explanation

In Oracle Financials Cloud, Payables Payment Terms follow the reference data sharing model that allows assignment to multiple reference data sets with common values permitted. This enables organizations to share payment terms across different business units or legal entities while maintaining centralized control. The system supports both shared payment terms (assigned to multiple sets) and set-specific terms, providing flexibility in managing payment conditions across the enterprise structure.

Why Incorrect

A. Assignment to one set only; no common values allowed - Payment terms can be assigned to multiple sets, not restricted to one.
C. Assignment to multiple sets; no common values allowed - Common values are explicitly allowed for payment terms across sets.

References

- Oracle Financials Cloud Implementing Common Features

Release 21B

Chapter 3: Reference Data Sets

Section "Managing Reference Data Sharing Methods"

Pages 3-12 to 3-15

- Oracle Fusion Applications Financials Implementation Guide

Release 13

Section 4.2: "Reference Data Set Assignment Rules"

Document ID: E48434-13

- Oracle Cloud Implementing Payables

Release 21A

Chapter 2: "Setup and Maintenance"

Section "Payment Terms Configuration"

Pages 2-45 to 2-47

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