After exam:
1Z0-1055 Oracle Financials Cloud: Payables 2019
Implementation
Essentials.
·
Most of the questions came from below prepared
dumps and it came most from previous 961 and 1005 exams
·
Do more research in every qn to find the answer
as mentioned below there are more qn which came but due to lack of research it
was wrong
·
I was also neglecting/not added in my
preperation few qn from 1005 which came actually
·
Used Gratis Exams to find dumps and very useful
·
I have highlighted the qn came with Blue for
1z0-1555
New
Questions Topics:
Audit Selection Rule(1)
All Expense
reports go through without Auditing even after the Audit Selection Rule is
configured. What will be the one reason
· Audit
selection Rule was not assigned to BU --Guess
·
Audit selection Rule was not assigned to Expense
System Option
·
Audit selection Rule was not assigned to LE
(I
don’t know the other option)
Google Maps integration with
Expenses(2)
1.You have
enabled Google Maps integration Opt in feature but unable to us That feature
.Why?
·
Google keys were not updated
·
Location was not defined
2.Identify
2 true statement regarding Google Map for mileage
·
It allows to provide only start and stop
location
·
Commute things must be configured manually
Account Override feature(1)
If a payment with
Discount is posted to ledger and how will you override the Discount
Distribution with Account override Feature .
·
Directly in subledger
·
It can be used to modify both accounting in
draft and accounting in final mode
(Came from 1005 but forgot to add in my
preperation)
1. What is the recommendation when setting up
Reconciliation Rule Sets?
A. One to One rules should be sequenced
below rules of other types.
B. Many to Many rules should always be
used last in the sequence.
C. One to One rules should be sequenced above rules of other
types.
D. Many to Many rules should always be
used first in the sequence.
2. Which three are subject area
subfolders that report Payables reconciliation differences to General Ledger? (Choose
three.)
A.
Reconciliation Payment Details
B. Reconciliation Prepayment Application
Details
C. Reconciliation Invoice Details
D. Reconciliation Invoice Hold Details
E. Reconciliation Invoice Request Details
Payment Approval
Policy(1)
Identify
three correct statement regarding Payment approval Policy
·
It can be triggered with Bank account ,Payment
amount etc
·
It can configured to trigger at any level
(Some
more with generic statements)
Need to analyze
these questions came from preparation
Identify three correct statements about Invoice
Approval.
A. Invoice approval uses Oracle
Approval Management to determine who approves invoices and how they will be
routed to different approval levels.
B. You can define different approval
rules for purchase order matched and unmatched Invoices.
C.
You can NOT define different approval rules for purchase order matched and
unmatched invoice.
D. Approval rules can be set up at
position, job, and supervisory hierarchy levels depending on approval needs.
E. Invoice
approval is required for customer refund payment requests.
Answer: ABD
1. Which three
are invoice types that can be entered using the Supplier Portal? (Choose
three.)
A. Invoices that are automatically
created when the supplier creates an ASN for drop shipments
B. B2B XML
invoices
C. Non purchase order matched
invoices
D. Invoices that
are created from the Evaluated Receipt Settlement (ERS) process
E. Purchase order matched invoices
2. You need to
create a recurring expense for one of your regular expenses.
Which three are
frequencies that you can choose for these types of expenses? (Choose three.)
A. Weekly
B. Monthly
C. Bimonthly
D. Biweekly
E. Annually
3. . You have
created an approval rule as follows:
Rule 1: If the
invoice amount > $1000, route it to User 1.
Rule 2: If the
invoice amount < $1000, auto approve it.
Now, the user
creates an invoice for $1000 and routes it for approval. What will happen?
A. Invoice will not be processed.
B. The system
will issue an error message after the approval has been initiated.
C. Invoice will
be sent to User 1 for approval.
D. Invoice will
be auto-approved.
4. Which method
can you use to route payment approval rules?
A. Approval
Groups
B. Sequential
C. Both Parallel
and Sequential
D. Parallel
E. Serial and FYI
(For Your Information)
5. During your
business trip to the UK, you took a taxi ride and paid for it by using your
personal Visa credit card. While entering your expenses, you get a warning that
a different
conversion rate was applied to the taxi expense by Visa that the one used by
your company.
How do you handle
this situation?
A. Do not enter the taxi
expense and call your Finance Department so that they can make changes in the
conversion rate settings and you do not violate the
allowable limit.
B. Call Visa to
address the issue and tell them to make adjustments to their conversion rate.
Then, wait to get a revised statement.
C. Overwrite the conversion rate
with the one Visa provided and enter a justification that Visa used a different
conversion rate.
D. Use the
corporate-defined conversion rate even if it means you will not be reimbursed
fully.
6. You entered an
invoice of 12,000 and paid it for Office Suppliers. The payment was never
received by the supplier, and you decide to return the entire order. What
should you do?
A. Cancel the
invoice, which debits the liability and credits the expense.
B. Issue a credit
memo, which will debit the liability and credit the expense.
C. Void the
payment, which debits cash and credits the liability, and then issue a credit
memo, which debits the liability and credits the expense.
D. Void the payment, which debits
cash and credits the liability, and then cancel the invoice, which debits the
liability and credits the expense.
7. You need to
have an invoice line automatically distributed across multiple cost centers.
For example, you want your monthly utility bill allocated across multiple cost
centers based on
a percentage.
Select two
methods to achieve this. (Choose two.)
A. Configure Subledger Accounting
rules to allocate costs.
B. Define a distribution set and
assign it manually to the invoice.
C. Choose the
‘All Lines’ option from the Allocate menu in the invoice line area.
D. Define a
distribution set and assign it to the supplier.
8. You have three
procurement business units, four requisition business units and five sold-to
business units. For which will the supplier registration flows be
deployed?
A. three procurement business units
B. one business
unit per supplier
C. five sold-to
business units
D. four
requisition business units
E. twelve
business units per supplier
9. Which three
reports are generated by the export setup data process? (Choose three.)
A. Exported
Business Object Report
B. Process Results Report
C. Process Results Summary Report
D. Process
Results Detail Listing Report
E. Setup Data Report
Explanation:
Each
time you run an export or import setup data process, a Process Results Summary,
a Process Results report, and a Log File generate automatically.
Invoice Imaging:
· Once the email is picked up, it
takes approximately 10-20 seconds for a single image to go through the OFR (Oracle
Forms Recognition) process. After the OFR process is complete, IPM (Imaging
Process Management) will import the data.
· The IPM Server is set to check
for new images every 1 minute. It will take approximately 2-4 minutes from the
time you send the email for the invoice image to make it into the Fusion
Payables invoice interface table and be ready for import.
Supported Formats:
The Import Server
is configured to accept the following file formats:
.TIF; .TIFF; .PNG; .JPG; .DOC;
.DOCX; .PDF; .XLS; .XLSX
Incomplete Invoice:
You can
optionally enter attributes in the email subject for recording on the invoice
and for routing if the invoices are incomplete. A preconfigured routing rule is
provided to route incomplete invoices to all users with Accounts
Payables Specialist and Accounts Payable Supervisor job roles.
Invoice Images as Email Attachments
Invoice images can be included in email
attachments in the following ways:
- Single page invoice in one
attachment.
- Multiple page invoice in one
attachment.
- Multiple invoices in one
attachment.
- Single and multiple page invoices
in multiple attachments.
Note: A single invoice can't be
represented by multiple attachments.
Attribute Information in the Email Subject
You can specify up to four attributes in an email subject. These attributes can be
recorded on the invoice or used to route the incomplete invoices to payables
personnel for review and completion. Use the underscore sign (_) as a separator to indicate the start
of routing attribute information.
How to Override Default Business Units on
Unmatched Scanned Invoices
Business units
for unmatched scanned invoices are automatically determined based on
attributes, such as supplier address and the Default Business Unit profile
option. You can override
automatic business unit assignment and instead, specify a business unit by
performing the following steps:
· Indicate that routing attribute
1 represents the business unit.
· Find the business unit ID for
the overriding business unit.
· Specify the business unit ID in
the e-mail subject.
Indicate Routing Attribute 1 Represents Business Unit
As part of the standard invoice imaging flow, you can use up to four
additional attributes to route scanned invoices for completion or to record on
the invoice. To override the default business unit, you must indicate that
values for routing attribute 1 represent business units.
Perform these steps:
1. Navigate
to the Manage Payables Lookups page.
2. Search
for lookup type ORA_IMAGING_ROUTING_ATTRIBUTES.
3. Enable
lookup code ORA_BUSINESS_UNIT.
Find the ID for the Overriding Business Unit
You must use the identifier for the business unit as the override. To find
the business unit ID:
1. Navigate
to the Manage Business Units page.
2. Search
for the applicable business unit.
3. If
you don't see the Business Unit ID column in the Search Results table, use the
View menu to enable the column.
Specify the Business Unit ID in the E-mail Subject
For scanned invoices that aren't matched to purchase orders, edit the e-mail
subject to:
1. Append
the underscore sign (_) followed by the business unit ID. For example, if a
scanned invoice has an e-mail subject of Invoice
42366_30014001, the business unit ID for that invoice is 30014001.
Note: If you specify an invalid
ID, or the ID is missing from the e-mail subject, the business unit is
automatically assigned.
BPM Task:
FinAPIncompleteInvoiceHold
Approval:
Subledger Event class and types:
Validation Status of Refunds :
Validated
Validation Status of Expense reports is not validated
1.
When creating a check payment, from where is the
payment document defaulted?
A. Legal Entity
B. Bank
C. Business Unit
D. Bank Account
E. Supplier
Answer : D
2. Which statement
is correct if the payment terms entered in the invoice differ from the payment
terms on the purchase order?
A. The user needs
to specify which payment term to use.
B. The payment
term of the purchase order overrides the invoice payment term.
C. The payment term of the invoice
overrides the purchase order payment term.
D. The purchase
order payment term cannot be overridden.
E. The user needs
to manually change the payment term on the invoice to match the purchase order
payment term.
Answer : C
3. You need to enter a last-minute invoice
during the close process. What is the quickest way to enter and post the
invoice to general ledger?
A. Enter
the invoice via a spreadsheet. Then, from the Manage Invoices page, query the
invoice, validate it, create accounting, and then open general ledger’s
Manage
Journals page and post the associated invoice journal entry.
B. Enter the invoice in the Create
Invoice page, choose the Validate option, and then the Account and Post to
Ledger option.
C.
Enter and post a manual journal entry directly into the general ledger.
D.
Enter the invoice via a spreadsheet and then validate, account, and post the
invoice from the spreadsheet.
Answer:
B
Justification:
A
is bit long process and D is wrong as you can only Submit Import Process from
Spreadsheet and not Validate ,Post
4. You have
invoices with distributions across primary balancing segments that represent
different companies. What feature should you use if you want the system to
automatically balance your invoice’s liability amount across the same balancing
segments on the invoice distributions?
A. Payable’s Automatic Offset
B. Intercompany
Balancing
C. Subledger
Accounting’s Account Rules
D. Suspense
Accounts
E. Payables’
Allow Reconciliation Accounting
Answer:A
Reference:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_90E2104C859F0D14E040D30A688168B1
If you enable
Automatic Offsets, Payables automatically allocates an invoice's liability
amount across multiple balancing segments according to the balancing segments
on the invoice distributions. This ensures that invoices always balance by
balancing segment.
5. Your customer
has implemented English as base language and French as a local language. The
customer’s bank needs the payment file to be sent to them in French. What is
the relevant step to do this for preparing the payment template?
A. Create your
template in English language, then upload it to Business Intelligence (BI)
under the custom/payment folder under the templates region with country
locale.
B. Create your
template in the local language, then upload it to Business Intelligence (BI)
under the custom/payment folder under the templates region with English
locale.
C. Create your
template in the local language, then upload it to Business Intelligence (BI)
under the custom/payment folder under the templates region. Use
English locale
and generate the XLIFF file. Then upload the file back under the translated
region.
D. Create your template in English
language, then upload it to Business Intelligence (BI) under the custom/payment
folder, under the templates region. Use English
locale and generate the XLIFF file.
Then upload the file back under the translated region.
Answer :D
6. Which two
statements are true when you are using the Intercompany Reconciliation Reports?
(Choose two.)
A. You must run the prepare
Intercompany Reconciliation Reporting Information process.
B. The reconciliation
period summary report will not show the intercompany receivables and
intercompany payables lines generated for the provider and receiver of
each intercompany
transaction.
C. The reports will show the
intercompany receivable and the intercompany payable lines generated by the
intercompany balancing feature.
D. The reports
will include Ledger balancing lines generated when the primary balancing
segment value is in balance but either the second balancing segment or
the third
balancing segment is out of balance.
E. You can drill
down on the links in the Period Summary report to view the balances by
Intercompany Organization.
Answer: C,E
If option: You must run the
Extract Intercompany Reconciliation Data job. this is also right.
Which two
statements are true when you are using the Intercompany Reconciliation Process?
(Choose two.)
A. The Reconciliation Period
Summary Report shows the Intercompany receivable and the intercompany payable
lines generated by the intercompany balancing feature.
B. The
ledger balancing lines are generated when the primary balancing segment value
is in balance but either the second balancing segment or the third balancing
segment is out of balance.
C. The
Clearing Company Balancing Lines appear in the Intercompany Reconciliation
Summary Report.
D. You need to submit the
Extract Intercompany Reconciliation Data job.
Justification:
Once the Extract Intercompany Reconciliation Data process completes successfully, navigate to the Intercompany Reconciliation work area to view the Reconciliation Period Summary Report. This report
displays the intercompany receivables and intercompany payables balances in
summary for a period, and any differences between them. Drill down to
view the balances by source and journal lines. You have full drill down
capabilities to the general ledger journal, subledger accounting entry, and
source receivables or payables transaction.
The reports include the
following details:
·
Intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
·
Intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany
transaction
The reports do not include the
following details:
·
Ledger balancing lines generated when the primary balancing segment
value is in balance but either the second balancing segment or the third
balancing segment is out of balance
·
Clearing company balancing lines
7. You have just
imported invoices from a spreadsheet. What is the validation status of the
imported invoices?
A. Needs
Revalidation
B. Not Validated
C. Not Required
D. Imported
E. Validated
Answer : B
Justification
8. You have
successfully processed the expense reports for reimbursement and have
transferred the information to Payables. What is the next step before you can
pay them?
A. Transfer the
data to General Ledger.
B. Validate the invoice in Payables.
C. Create a
payment process request in Payments.
D. Create
Accounting for the invoice in Payables.
Answer: B
9. Your
intercompany transaction type is active and enabled for invoicing. What are the
two prerequisites to generate intercompany receivables and intercompany
payable
transactions after the Generate Intercompany Allocations process is run?
(Choose two.)
A. For the Legal
Jurisdiction, Legal function: “Generate intercompany invoice” should be
assigned.
B. Schedule
create accounting for the intercompany process.
C. Supplier site primary pay flag and
customer account bill to primary flag should be enabled.
D. Run the
processes Create Intercompany transactions to Receivables and Create
Intercompany transactions to Payables.
E. Run the processes Transfer
Intercompany transactions to Receivables and Transfer Intercompany transactions
to Payables.
F. Manual
Approvals should be allowed for the transaction type.
Answer: C,E
10. In what order
should the import process be run when importing suppliers?
A. Supplier,
Supplier Site Contacts, Supplier Site, Supplier Site Assignment
B. Supplier, Supplier Address,
Supplier Site, Supplier Site Assignments
C. Supplier,
Supplier Site Assignment, Supplier Site, Supplier Contacts
D. any order
Answer: B
11. Which is the
Payables tool based on real-time data?
A. Essbase Cube
B. Smart View
C. Oracle Transactional Business
Intelligence (OTBI)
D. Oracle
Business Intelligence Applications (OBIA)
E. Oracle
Financial Reporting (FR)
Answer: C
12. During your business
trip to the UK, you took a taxi ride and paid for it by using your personal
Visa credit card. While entering your expenses, you get a warning that
a different
conversion rate was applied to the taxi expense by Visa that the one used by
your company.
How do you handle
this situation?
A. Do not enter
the taxi expense and call your Finance Department so that they can make changes
in the conversion rate settings and you do not violate the
allowable limit.
B. Call Visa to
address the issue and tell them to make adjustments to their conversion rate.
Then, wait to get a revised statement.
C. Overwrite the conversion rate with
the one Visa provided and enter a justification that Visa used a different
conversion rate.
D. Use the
corporate-defined conversion rate even if it means you will not be reimbursed
fully.
Answer : A
13. How will
system evaluate the tolerances for expense reports?
A. System will
calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency
precision.
B. System will
calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency
precision.
C. System will
calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error
Tolerance/100)
D. System will calculate warning
tolerance as Policy Rate * (1+Warning Tolerance/100)
E. System will
use absolute amount tolerance setup to do validations.
Answer: D
14. You are using
both Procurement and Financials. You want the system to automatically accrue un
invoiced receipts. Select two true statements. (Choose two.)
A. For period end
accruals, accounting is created at material receipt or at delivery to a final
destination.
B. For period end accruals, the
invoice accounting debits the expense account and credits the liability
account.
C. For perpetual accruals, the
invoice accounting debits the accrual account and credits the liability
account.
D. For period end
accruals, the invoice accounting for inventory items debits receipt inventory
and credits the uninvoiced receipts.
Answer : B,C
15. Which two
statements are true about the Invoice Validation process? (Choose two.)
A. opens the
relevant accounting period
B. validates project information
C. updates
supplier balances
D. creates tax lines and
distributions
E. creates
accounting entries in draft
Answer : B,D
Ty
16. What two job
roles are required to access information within Functional Setup Manager?
(Choose two.)
A. Application Implementation
Manager
B. Any Functional
User
C. Application Implementation
Consultant
D. Functional
Setup Manager Superuser
E. IT Security
Manager
Answer : A,C
17. Which
dashboard or workarea displays the Scanned Invoices region for invoices
processed through the Payables Integrated Imaging solution?
A. Manage
Invoices page
B. C-level
executives
C. Invoices Workarea only
D. Payables
Dashboard only
E. Payables
Dashboard and Invoices Workarea
Answer : C
18. You have two
business units: Vision Operations and Vision Services. How can you enable
expense auditors to audit expense reports for specific business units?
A. Assign the
Expense Auditor as the owner of each business unit on the Manage Business Unit
Set Assignments page.
B. Assign the Expense Auditor job
role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
C. Assign the
Expense Auditor job role to each auditor and use segment value security rules
to secure access to the business units.
D. Assign the
Expense Auditor job role to each auditor and use a data access set to associate
the business unit to the role.
Answer : B
19. When
submitting the Payables to General Ledger Reconciliation report, the extract
did not select any data. What should you check?
A. Make sure you
assign an Account parameter when running the extract to include liability
accounts.
B. Make sure you
specified a Business Unit in the parameters when running the extract.
C. Make sure you
enabled the Reconciliation flag to all of your liability natural account
values.
D. Make sure you assigned a Financial
Category of Accounts Payable to all your liability natural account values.
Answer : D
Explanation:
You
must assign a Financial Category of Accounts payable to all your liability
natural account values. This is a required setup step for Payables to General
Ledger reconciliation. You perform this task on the Manage Values page for the value set associated
with the natural account segment of your chart of accounts.
To
include bills payable, intercompany, and tax authority liability accounts in
the Payables to General Ledger Reconciliation report, assign them the Accounts
payable category as well.
If
the Financial Category of Accounts payable is not assigned to any natural
account in your chart of accounts, the Payables to General Ledger
Reconciliation report does not select any data.
20. You have a
high volume of invoices to enter that have similar lines and do not require
extensive validation. What must you do if you want to group multiple invoices in
a batch during spreadsheet entry?
A. Make sure the
Invoice Number is the same.
B. Make sure all
the invoice dates are the same.
C. Assign the
same Invoice Header Identifier to multiple invoices you want to group.
D. Enable the
invoice option Require Invoice Grouping, and the system automatically groups
invoices entered in the same spreadsheet.
E. Enter a value in the Invoice Group
field to group similar invoices into a batch.
Answer : E
21. The payment
build program has completed but with errors. When submitting the payment
process request, which processing option is used to review the error messages
from the Manage Payment Process Request Inquiry?
A. Set the
validation failure handling for documents to “show errors.”
B. Set the validation failure
handling for payments to “stop process for review.”
C. Set the
validation failure handling for payments to “show errors.”
D. Enable debug
for the payment format program.
Answer : B
22. Which two
statements are true related to configuration package? (Choose two.)
A. You can export
and import the custom roles from Oracle Identity Manager.
B. You can export
and import the allocation rules from the allocation manager.
C. You can export
and import the approval rules from the approval management engine.
D. You can export and import
selected business units.
E. You can export and import
selected business object services.
Answer : D and E
23. Which three
are attributes that are recognized by Invoice Imaging? (Choose three.)
A. Terms Date
B. Payment Method
C. Invoice Date
D. PO Number
E. Invoice Number
Answer : C,D,E
24. Which
component is not included in the security architecture for credit card data and
bank account data encryption?
A. Oracle Wallet
B. Supplier master encryption key
C. Sensitive data
encryption and storage
D. Payments
subkeys
E. Payments
master encryption key
Answer : B
25. You entered
an invoice of 12,000 and paid it for Office Suppliers. The payment was never
received by the supplier, and you decide to return the entire order. What should
you do?
A. Cancel the
invoice, which debits the liability and credits the expense.
B. Issue a credit
memo, which will debit the liability and credit the expense.
C. Void the
payment, which debits cash and credits the liability, and then issue a credit
memo, which debits the liability and credits the expense.
D. Void the payment, which debits
cash and credits the liability, and then cancel the invoice, which debits the
liability and credits the expense.
Answer : C
26. The expense
auditor has chosen to Request More Information for an expense report. Select
two ways the system processes this action. (Choose two.)
A. The expense report status remains
Pending Payables Approval.
B. The expense
report is routed back to the approvers.
C. The audit can be completed before
the requested information is received from the employee.
D. The employee
must resubmit the expense report.
Answer : A,C
Request More Information
To request more information for an expense report, select the Request More
Information option from the Actions menu in the header on the Audit Expense Report
page. The employee receives a notification that includes the reason for the
request, specific instructions, and any additional instructions from the
expense auditor. Selecting this action results in the following:
The
employee does not need to resubmit the returned expense report, but he must
reply to the notification before the reimbursement process can continue.
The
expense report status remains Pending Payables Approval.
After a
number of days, the expense report is returned to the employee as an updateable
expense report in a Returned status. This occurs when the current date, less
the date the expense auditor requested more information, is greater than or
equal to the number of days as defined by setup.
The
expense auditor can complete the audit before the requested information is
received from the employee.
https://docs.oracle.com/cd/E56614_01/financialsop_gs/FAWDE/F1005004AN1204B.htm
27. What is the
difference between subject areas that append the word “Real Time” and those
that do not?
A. The “Real
Time” subject areas are based on real-time transactions and those that are not,
are based on historical data.
B. The “Real Time” subject areas are
based on real-time transactions in the applications, and those that are not,
are based on data stored in the Oracle Business Intelligence Applications data
warehouse.
C. There is no
difference.
D. The “Real
Time” subject areas are based on subledger transactions and the ones that are
not are based on general ledger balances.
Answer :B
Subject
areas whose names usually end with Real Time and access real-time
(transactional) data
Subject
areas whose names usually do not end with Real Time and access data warehouse
data.
28. An invoice
for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are
the two outcomes if you chose the “Apply Credits Up to Zero
Amount” option
when submitting a Payment Process Request? (Choose two.)
A. Both the invoice and the credit memo
are included in the Payment Process Request.
B. Neither the
invoice nor the credit memo is included in the Payment Process Request.
C. Both the
invoice and the credit memo are fully paid.
D. Only the invoice is paid fully but
the credit memo is partially paid with a credit of ($100) USD remaining.
Answer : A and D
29. The Accounts
Payable Manager voided a foreign currency payment due to insufficient funds.
Which three statements are correct? (Choose three.)
A. All related interest invoices are
reversed if previously created.
B. Any previous accounting and
payment records for an invoice are reversed.
C. All related
withholding tax invoices are automatically voided.
D. Any realized gain or loss previously
calculated is reversed.
E. Voiding the
payment automatically places an invoice on hold.
Answer : A,B,D
Explanation:
30. You have an
invoice for a three-month lease and wish to recognize the expense monthly for
the duration of the lease.
What must be
entered on the invoice in order to do this?
A. You must
provide a start date and an end date for the prepaid expenses in the invoice
lines or distributions.
B. You must provide a start date,
an end date, and the accrual account for the prepaid expenses in the
invoice lines or distributions.
C. You must
provide a start date and the accrual account for the prepaid expenses in the
invoice lines or distributions.
D. You must
provide the accrual account for the prepaid expenses in the invoice lines or
distributions.
Answer B
31. Your company
policy requires that receipts be attached to expense report items before
reimbursement can be made.
Which two
statements are true about the association of a receipt to an expense report?
(Choose two.)
A. Users can
maintain scanned receipts in a central repository and provide a reference
number in the expense report.
B. Receipts are
not required if the expense item falls within Per Diem Rates.
C. Expenses do not create payment
requests for expense reports that have missing or overdue receipts.
D. An expense report may require
original, imaged, or both types of receipts.
Answer : C and D
32. You have an
invoice for $200 USD and a credit memo for $225 USD. In other words, the credit
amount exceeds the invoice amount. If you enable the option to apply credits up
to zero amount payment, then how will the invoice and credit memo be paid?
A. Neither the
invoice nor the credit memo are included in the payment process request because
the credit reduces the payment amount below zero.
B. Both the
invoice and the credit memo are paid and a refund of $25 USD is created.
C. Both the invoice and credit memo are
included in the payment process request for a payment amount of $0 USD. The
credit memo is partially paid with a remaining credit of $25 USD.
D. Both the
invoice and the credit memo are selected and the Payment Process Request
requires attention.
33. While
processing an expense report, the system placed a payment hold on the expense
report. What are two ways to release payment holds? (Choose two.)
A. The employee
can manually release the hold.
B. Payables
Manager can release payment holds in Payables.
C. The employee’s
supervisor can manually release the hold.
D. The expense auditor can manually
release the payment hold at his discretion.
E. Based on the receipt status, the
Expenses program can automatically release the payment hold once it detects
that receipts are received or waived.
Answer:D,E
https://docs.oracle.com/cd/E56614_01/financialsop_gs/FAWDE/F1005004AN1204B.htm
34. Which reports
can show you differences between your subledger balances and general ledger
balances to help you reconcile quickly?
A. Payables to Ledger Reconciliation
report
B. Payables Aging
reports with the General Ledger Trial Balance report
C. General Ledger
Financial Statements and the Accounts Payable and Invoice Registers
D. Payables Trial
Balance and General Ledger Trial Balance reports
Answer: A
35. You need to
have an invoice line automatically distributed across multiple cost centers.
For example, you want your monthly utility bill allocated across multiple cost
centers based on
a percentage.
Select two
methods to achieve this. (Choose two.)
A. Configure Subledger Accounting rules
to allocate costs.
B. Define a distribution set and
assign it manually to the invoice.
C. Choose the
‘All Lines’ option from the Allocate menu in the invoice line area.
D. Define a
distribution set and assign it to the supplier.
Answer : A and D
36. You have
created an approval rule as follows:
Rule 1: If the
invoice amount > $1000, route it to User 1.
Rule 2: If the
invoice amount < $1000, auto approve it.
Now, the user
creates an invoice for $1000 and routes it for approval. What will happen?
A. Invoice will not be processed.
B. The system
will issue an error message after the approval has been initiated.
C. Invoice will
be sent to User 1 for approval.
D. Invoice will
be auto-approved.
Answer : A
37. You have
three procurement business units, four requisition business units and five
sold-to business units. For which will the supplier registration flows be
deployed?
A. three procurement business
units
B. one business
unit per supplier
C. five sold-to
business units
D. four
requisition business units
E. twelve
business units per supplier
Answer: A
38. Which
attributes on the payables invoice can be used during approval rule
creation?
A. company segment, cost center
segment, supplier, and Attribute 1 on the invoice line
B. company and
cost center segment only
C. supplier only
D. cost center segment
and supplier only
Answer : A
39. Identify
three scenarios where you are not allowed to cancel an invoice. (Choose three.)
A. Prepayments were applied to the
invoice.
B. An accounting
entry has been created for the invoice.
C. The invoice is
validated.
D. The invoice is fully or partially
paid. – (after
payment we can only void)
E. The invoice was adjusted by a
credit or a debit memo.
Answer: A,D,E
40. You want to
customize the Payables Invoice Register template to only display invoices when
the Supplier name is Company A. Supplier name is a group that
repeats on every
page.
Which is the
correct way to customize the template?
A. Insert the syntax <?if:VENDOR_NAME=
‘COMPANY A’?> before the Supplier field on the template. Then, enter the
<?end if?> tag after the invoices table.
B. Insert the
syntax <?if:condition?> before the Supplier field and then enter the
closing tag </<?if:condition?>.
C. Insert the
syntax <?if:’COMPANY A’?> before the Supplier field and then enter the
closing tag </<?if:COMPANY A?> after the invoices table.
D. Hard code
Supplier Name “Company A” in the report template and only invoices for that
supplier will be displayed.
Answer : A
41. While
entering an expense report for your corporate card transactions, you notice
that the conversion rate defined in the Manage Conversion Rates and Policies
page is not used.
What is the
reason?
A. You did not
define conversion rates for your business unit.
B. You did not
specify a default expense template.
C. Only cash transactions use those
settings.
D. You did not
define conversion rates in the General Ledger Cloud.
Answer: C
42. What are the
two advantages of using a spreadsheet for correcting invoice import errors?
(Choose two.)
A. identification of errors with clear
error messages at the invoice header and line levels
B. ability to
enter a high volume of invoices via a spreadsheet
C. ability to correct errors and
re-import invoices directly from a spreadsheet
D. identification
of errors with clear error messages at the invoice header level only
E. ability to
correct errors within the spreadsheet and send invoice corrections for approval
Answer: A and C
43. What data can
you find in an Oracle Transactional Business Intelligence subject area
attribute column?
A. values that
are organized into parent-child relationships
B. data that is
metric and can be added up or aggregated
C. information about a business
object with values that are dates, Ids or text
D. data that
provides a measure of something
Answer : C
Explanation/Reference:
44. You purchased
a computer from Company A for 2000 USD. Company B ships you the computer with
freight charges of 100 USD. You would like the cost of the
computer to
include those freight charges.
How can you
achieve this?
A. Choose Match
to Receipt.
B. Enter the
Invoice manually and add the freight line.
C. Choose to Match to Receipt Charges.
D. Choose to
Match to Invoice Lines.
E. Choose to
Match in full to the Purchase Order.
Answer : C
45. You need to
create a recurring expense for one of your regular expenses.
Which three are
frequencies that you can choose for these types of expenses? (Choose three.)
A. Weekly
B. Monthly
C. Bimonthly
D. Biweekly
E. Annually
46. Your client
company wants to ensure that the payments they are sending to their financial
institution are valid and formatted correctly. They would like to identify any
validation
failures as early in the process as possible.
Where would you
suggest the validations are set?
A. Supplier Site
B. Payment Method
C. Payment Format
D. Payment Terms
E. Disbursement
Bank Account
Answer : B
You can assign
validations to payment methods and payment formats. A validation can be
executed at the document
payable, payment, or payment file level
“Payments always validates as early as possible
for a given object and setup. Document payable validations that are associated with payment methods
are enforced earlier in the process than those associated with formats. If you
want validation failures handled by the same person who is entering the invoice,
you can associate the validation with the payment method. This method is
ideal for business processes where each person has full ownership of the items
entered. “
47. Which three
are Invoice Header attributes that can be used during invoice approval rule
creation? (Choose three.)
A. Business Unit Name
B. Pay Group Lookup Code
C. Statistical
Amount
D. Requester Name
E. Accounting Date
Answer : A,B,C
Refer Invoice
Approval workflow doc
48. Which three
are supported image formats for the Integrated Imaging solution? (Choose
three.)
A. RTF
B. JPEG
C. TIFF
D. XLS
E. PNG
Answer: B,C,E
Oracle Integrated Invoice Imaging Troubleshooting
Guide for Cloud Customers (Doc ID 2022320.1)
49. What is the
invoice type of an unapproved, unmatched invoice that was created in the
Supplier Portal?
A. Standard
Invoice
B. Standard invoice request
C. Credit Memo
D. Supplier
payment request
E. iSupplier
Invoice
Answer : B
50. You want your
expense auditors to audit only expense reports for specific business units. How
do you do this?
A. Create a
custom duty role and assign the data roles to each auditor.
B. Create your
own audit extension rules that correspond to the business unit.
C. Make auditors
the managers of the corresponding business unit to route expense reports
properly.
D. Assign the expense auditors job
role and business unit security context and value to the user.
Answer : D
Ans:Assign
the auditors specific data roles for the corresponding business units.
51. Which invoice
types can be included in the Create Payment flow?
A. Standard, Credit Memo and Debit
Memo
B. Standard,
Credit Memo and Customer Refund
C. Standard,
Credit Memo, and Invoice RequestD. Standard, Debit Memo and Customer Refund
Answer : A
52. A company has
a requirement to default the disbursement bank account when submitting a
Payment Process Request. Which actions will accomplish this? (Choose two.)
A. Define the Disbursement Bank
Account at the business unit level to have the payment process derive
the bank account.
B. Define the
Disbursement Bank Account to the Payment Method in payment default rules.
C. Define the
Disbursement Bank Account to every supplier.
D. Create a Payment Process
Request template that includes the Disbursement Bank Account.
E. Assign the
Disbursement Bank Account to users to have the payment process default the bank
account.
Answer : A and D
53. Certain
suppliers that your customer regularly deals with are exempt from tax. How
would you configure tax for this?
A. Enable the
relevant suppliers for Offset Tax and create an Offset Tax to remove the
calculated tax line from these suppliers.
B. Define a Tax Status and Rate for
Exempt, define a Party Fiscal Classification of Exempt, assign it to the
relevant suppliers, and write a rule to incorporate the exempt Party Fiscal
Classification.
C. Create a new
Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax
regime on the Configuration Options tab.
D. Define a Tax
Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt,
assign it to the relevant suppliers, and write a rule to incorporate the exempt
Supplier Fiscal Classification.
Answer: B
54. A company
makes the payment in a currency different from the invoice and ledger
currency. What setup options are required to make the cross currency rate type
the default?
A. Manage Invoice
Options and Manage common options for Payables and Procurement
B. Manage Payable
Options and Manage Invoice Options
C. Manage Invoice
Options and Manage Procurement agents
D. Manage common
options for Payables and Procurement and Manage Procurement agents
E. Manage Payment Options and Manage common options for
Payables and Procurement
Answer : E
55. Which method
can you use to route payment approval rules?
A. Approval
Groups
B. Sequential
C. Both Parallel
and Sequential
D. Parallel
E. Serial and FYI
(For Your Information)
56. You want to
route invoices to three different approvers at the same time and only one
approver needs to approve the invoice. Which approval ruleset should you use?
A.
InvoiceApproversFYIParticipantInParallelMode
B. InvoiceApproversSingleParticipantInParallelMode
C.
InvoiceApproversParallelParticipantInParallelMode
D. Invoice
Approvers
Answer:B
57. An
installment meets all the selection criteria of a Payment Process Request, but
it still does not get selected for payment processing. What are the two
possible reasons for this? (Choose two.)
A. The
pay-through date is in a closed Payables period.
B. The invoice
has not been accounted.
C. The invoice requires approval.
D. The
pay-through date is in a future period.
E. The invoice needs re-validation.
Answer : C ,E
Explanation:
An installment
can meet the selection criteria of a payment process request, yet not get
selected for payment for one or more reasons.
You can review
installments that were not selected for payment, along with the reasons they
were not selected, on the Not Selected tab of the Review Installments
page.
The reasons are
as follows:
·
Payment date in closed period
·
Invoice needs revalidation
·
Rejected by approver
·
Withholding tax calculation error
·
Credit reduces payment amount below zero
·
Invoice requires approval
·
Invoice never validated
·
Payment date before system date not allowed
·
Installment on hold
·
Supplier site on payment hold
·
Installment manually removed
·
Zero amount installments excluded
58. When reviewing
installments, what setup is required to override the supplier site on an
invoice?
A. Allow the remit-to supplier
override for third-party payments at Manage Invoice options.
B. Allow the
remit-to supplier address override for third-party payments at Manage Invoice
options.
C. Allow payee to
override for third-party payments while Manage Invoice options.
D. Allow the
remit-to supplier override for third-party payments at Manage Payment options.
Answer: A
59. Which two
statements are true about processing corporate card expenses? (Choose two.)
A. Conversion rate defaults apply
only to cash expenses, not to corporate card expenses.
B. Usage policy for expense category
tolerances does not apply to credit card expenses.
C. Card transactions
will be paid directly from Expenses Cloud.
D. You can
process payment for credit card using Electronic funds transfer, check, or
wire.
E. Conversion
rate defaults are applicable to corporate card expenses, just as they are
applicable to cash expenses.
Answer : A,B
60. What happens
if a company runs the Payables Unaccounted Transactions Sweep program for
February 2018 if the invoices with a Hold status have an invoice date of
January 20, 2018?
A. The accounting
dates of all unaccounted invoices will be changed to February 20,2018, the same
day of the next period.
B. The accounting
dates of all unaccounted invoices will change to February 28, 2018, the last
day of the next period.
C. The accounting
dates of all unaccounted invoices will remain unchanged at January 20, 2018.
D. The accounting dates of all
unaccounted invoices will be changed to February 1, 2018, the first day of the
next period.
Answer : D
https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_A15FDCE762016225E040D30A68817FF0
61. A Payment
Process Request was submitted and errors were found in the payment file. The
payment file and process were terminated.
Which two
statements are true? (Choose two.)
A. The invoices
are placed on payment hold.
B. The status of
each payment in the payment file is Terminated.
C. The status of the payment file is
Terminated.
D. The status of each payment in the
payment file is Cancelled and the related documents are available for future
selection.
E. The status of
the payment file is Cancelled.
Answer : C and D
62. After you
submitted a Payment Process Request, you noticed errors. You want to void the
payments. Identify two statements that indicate when it is not possible to void
a payment. (Choose two.)
A. A payment that pays a prepayment
that has been applied to an invoice.
B. A payment that has already
cleared the bank.
C. A payment that
has been accounted and posted to General Ledger.’
D. A payment with
the status of Issued.
E. A payment for
an invoice with an associated Withholding Tax invoice.
Answer : A and B
63. Identify what
Oracle considers two best practices when setting up Payables and Receivables
account access for bank reconciliation. (Choose two.)
A. Do not assign
bank accounts to business units.
B. Assign a few
general ledger cash accounts to multiple bank accounts to facilitate
book-tobank reconciliation.
C. Business units must be granted
access to the bank account.
D. Only business units who use the same
ledger as the bank accounts owning legal entity can be assigned access.
E. Allow bank
accounts to be accessed by all roles and users because the default value to
secure a bank account by users and roles is No.
Answer : C and D
64. Identify two
ways the invoice imaging solution works in the Cloud. (Choose two.)
A. Customers
cannot use invoice imaging in the Cloud.
B. Customers scan
and store the invoice images on-premise and attach them during invoice entry.
C. Customers ask their suppliers to
scan and email the invoice.
D. Customers ask
suppliers to send electronic invoices.
E. Customers scan the invoice
on-premise and email the images.
Answer: C,E
65. What is the
result of voiding a payment?
A. A stop payment
request has been initiated to the bank.
B. A bills
payable payment was created but is not yet matured.
C. The payment is
reconciled to the bank statement.
D. The payment is no longer valid.
Answer : D
66. You are using
the Payable’s Deferred Expense feature (also known as Multiperiod Accounting).
You have entered an invoice for a three-month lease that is entered on Jan
10th. The total expense is $12,000 and it covers the rental period from Jan 1st
to Mar 31st.
Assuming that the
rental expenses are split evenly per month and a monthly accounting calendar is
used, what would the accounting entry be?
A. On Jan 10th,
Debit Prepaid Expense for 12,000 and Credit Liability 12,000
B. On Jan 31st,
Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Feb
28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
C. On Jan 10th, Debit Prepaid
Expense 12,000 and Credit Liability for 12,000 and then On Jan 31st, Debit Rental
Expense for 4,000 and Credit Prepared Expense for 4,000
On Feb 28th,
Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
On Mar 31st,
Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
D. On Mar 31st,
Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
On Jan 10th,
Debit Rental Expense for 12,000 and Credit Cash for 12,000
Answer : C
67. Which three
types of payments can you make if you have access to Disbursement Process
Management Duty? (Choose three.)
A. Reimbursement of employee expense
reports
B. Employee
advances
C. Supplier payments
D. Customer refunds
E. Ad hoc
payments
Answer : A,C,D
68. Select three
reasons why you cannot close your Payables period. (Choose three.)
A. open intercompany transactions
B. unapplied
prepayments
C. suppliers on
payment holds
D. bills payable requiring maturity
E. unaccounted invoices and payments
Answer : A,D,E
69. An
installment for $1,000 USD is due for payment on January 10, 2019. The
installment has two discounts: the first discount date is December 5, 2018 for
$150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay
Date Basis on the supplier site is Discount.
You submit a
Payment Process Request with the following criteria:
Payment Date =
December 5, 2018
Pay Through Date
= December 25, 2018
Date Basis = Pay
Date
Always Take
Discount option is enabled
What will be the
resulting status of the installment and discount?
A. The
installment is selected and a discount of $50 USD (the second discount) is
applied.
B. The
installment is selected and a discount of $200 USD ($150 + $50) is applied.
C. The installment is selected and a
discount of $150 USD is applied because the Always Take Discount option was
enabled.
D. The
installment is selected but no discount is applied because the payment date is
after the discount dates.
E. The
installment is not selected because the first discount date is before the Pay
Through Date.
Answer : C
70. An
installment for $2,000 USD is due for payment on July 31, 2018. The installment
has two discounts: the first discount date is June 15, 2018 for $150 USD and
the second discount date is June 30, 2018 for $50 USD.
You submit a
Payment Process Request with the following criteria:
Payment Date =
June 20, 2018
Pay Through Date
= July 30, 2018
Date Basis = Due
Date
What will be the
resulting status of the installment and discount?
A. The
installment is not selected because the discount dates are before the Pay
Through Date.
B. The
installment is selected and no discount is applied.
C. The installment is not selected
because the due date is after the Pay Through Date.
D. The
installment is selected and a discount of $50 USD is applied.
E. The
installment is selected and a discount of $150 USD is applied.
Answer : C
71. Which
statement is true about selecting a bank account on the Create Payment page?
A. LE on the bank
account should be different from the LE on the invoice.
B. Bank account
must match the supplier’s bank account.
C. Users can pick
any bank account as long as the bank account is tried to the business unit.
D. There is no
relationship between the business unit, bank, and LE. Users can pick any bank
account that is setup in their system.
E. LE on the bank account should
be equal to LE on the invoice.
Answer : C
72. You have
modified your tax setup and want to test the changes on actual Payables
transactions. How do you validate before enabling for transaction?
A. by creating
accounting in draft mode
B. by changing
the tax status to test and then entering a payables invoice
C. by creating a
payable invoice, and by validating and reviewing the tax application
D. Oracle
Transactional Business Intelligence (OTBI)
E. by using Tax Simulator to test
Answer : E
73. Your customer
matches their invoices to a purchase order and have noticed that the payment
terms are defaulting from the order. For some suppliers, they would like to use
the payment terms from the supplier site. How can the customer achieve this?
A. Enter the
payment terms in the Manage Payment Options page so they default onto the
invoice.
B. Enter the
payment terms at the Supplier level so they default onto the invoice.
C. Enter the
payment terms at the supplier site level so they default onto the invoice.
D. Manually override the payment
terms that have defaulted from the purchase order for those suppliers.
E. Enter the
payment terms in the Manage Invoice Options page so they default onto the
invoice.
Payment
Term Default rule hierarchy
1.Po
Level
2.Supplier
Site Level
3.Invoice
option
Answer : D
74. Which two
statements about the submission of invoices by suppliers using Supplier Portal
are true? (Choose two.)
A. A supplier can
make changes to the invoice after submitting it.
B. A supplier can
submit a single invoice against multiple purchase orders across different
currencies and organizations.
C. A supplier can submit a single
invoice against multiple purchase orders, provided the currency and
organization for all the invoice items are the same as those on the purchase
orders.
D. A supplier can submit invoices
against open, approved, standard, or blanket purchase orders that are not fully
billed.
E. A supplier can
validate the invoice after submitting it.
Answer: C,D
75. You need to
submit a 1099 report; your State format has changed slightly since last year.
How should you submit your 1099s for the State in the current year?
A. Manually enter
the 1099s for the State and submit.
B. Generate a
1096 form and submit it instead.
C. Run and submit
your 1099s because it will automatically reflect any changes.
D. Edit the 1099 template to reflect
the changes, and then run and submit the 1099 report.
76. You are
voiding a payment and have selected Cancel as the Invoice Action. After
performing the void, you notice the invoice is not cancelled but has an Invoice
Cancel hold on it. What is reason for this?
A. The invoice has been partially
paid by another payment.
B. The invoice
date is not in the current open period.
C. The invoice is
already on hold.
D. The invoice
accounting date is not in the current open period.
Answer: A
77. An Office
supplies company requires an advance payment of $8000 for the office supplies
you wish to order. You enter and pay a prepayment type invoice for $8000. You
enter the standard invoice to book the expense which totals $10000 and you
apply the prepayment to the standard invoice.
What are the
accounting entries for that standard invoice with the prepayment application?
A. Invoice
accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The
prepayment application has no impact on the Invoice.
B. Invoice accounting
- Dr Expense Account 10000 Cr AP Liability
Account 10000.
Prepayment application
- Dr AP Liability 8000 Cr Prepayment
Account 8000.
C. Invoice
Accounting - Dr Prepayment Account 10000 Cr AP Liability Account
10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account
8000.
D. Invoice accounting
- Dr Expense Account 10000 Cr AP Liability Account 10000.
Prepayment
application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
Answer: B
78. A Bill
Payable document was paid but has not yet matured. What is the status of the
payment?
A. In Transit
B. Cleared
C. Negotiable
D. Issued
Answer : D
79. You need to
create a payment for a supplier before the next payment run. The invoice you
wish to pay is not available for selection in the Create Payment page.
Which two are
possible reasons for this? (Choose two.)
A. The payment supplier site is
different to the supplier site on the invoice.
B. The invoice is
not yet due.
C. The invoice is not validated.
D. The payment
method for the invoice is Electronic.
E. The invoice is
not accounted.
Answer : A,C
80. You have an
invoice with a payment term that has the following settings:
• Day of Month =
15
• Cut off Day =
11
• Months Ahead =
0
• Terms Date on
Invoice = January 12th
What will the
resulting due date for the invoice installment be?
A. March 15th
B. January 15th
C. April 15th
D. February 15th
Answer : D
81. Which three
reports are generated by the export setup data process? (Choose three.)
A. Exported
Business Object Report
B. Process Results Report
C. Process Results Summary Report
D. Process
Results Detail Listing Report
E. Setup Data Report
Answer : B,D,E
82. Which three
are invoice types that can be entered using the Supplier Portal? (Choose
three.)
A. Invoices that are automatically
created when the supplier creates an ASN for drop shipments
B. B2B XML
invoices
C. Non purchase order matched invoices
D. Invoices that
are created from the Evaluated Receipt Settlement (ERS) process
E. Purchase order matched invoices
83. An
installment meets all of the selection criteria of a Payment Process Request
but it still did not get selected for payment processing. Identify two reasons
for this.
A. The
pay-through date is in a closed Payables period.
B. The
pay-through date is in a future period.
C. The invoices need revalidation.
D. The invoice
has not been accounted.
E. The installment was manually
removed.
Answer : C ,E
Explanation:
An installment
can meet the selection criteria of a payment process request, yet not get
selected for payment for one or more reasons.You can review installments that
were not selected for payment, along with the reasons they were not selected,
on the Not Selected tab of the Review Installments page.
The reasons are
as follows:
·
Payment date in closed period
·
Invoice needs revalidation
·
Rejected by approver
·
Withholding tax calculation error
·
Credit reduces payment amount below zero
·
Invoice requires approval
·
Invoice never validated
·
Payment date before system date not allowed
·
Installment on hold
·
Supplier site on payment hold
·
Installment manually removed
·
Zero amount installments excluded
84. You have 10
ledgers and 30 business units and want to leverage Preference Data Sets. What
is the function of Reference Data Sets?
A. allow you to
secure data by business unit
B. allow you to
assign multiple business units to users in a shared service center
C. allow you to
maintain sets of related data in a Data Dictionary
D. allow you to share reference data,
such as payment terms, across multiple business units to avoid redundant setup
Answer : D
85. What are the
output formats supported for Electronic and Check format programs?
A. Electronic
output format of etext, Check output format of rtf
B. Electronic
output format of Text, Check output format of Text
C. Electronic
output format of DATA (csv), Check output format of Zipped PDFs
D. Electronic
output format of PDF, Check output format of PDF
E. Electronic output format of XML,
Check output format of rtf
Answer : E
Both A and E
Seems to be correct
86. Identify two
duty roles that are granted to a Tax Administrator.
A. French DAS2
Reporting Duty
B. Financial Application Lookups
Administration Duty
C. Internal
Contact Relationship Information Inquiry Duty
D. Classification
Administration Duty
E. Customer Account Addresses Inquiry
Duty
Answer: B,E
Explanation:
87. Which two
receipts modifications are displayed in the Payables Matched and Modified Receipts
Report?
A. Quantity received was incorrectly
recorded
B. Product
rejected during Quality Check
C. Damage made
during Receiving Inspection and Transfer to Stores
D. Product Returned to Supplier
E. Substitution
Products
Answer : A,D
Explanation:
You can use the
Payables Matched and Modified Receipts report to identify receipts that were
changed after being matched to an invoice. A receipt might be changed for
example, to correct the received quantity or record the return of a defective
product.
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9E73E36353089582E040D30A68810B03
88. A company has
implemented the Integrated Imaging Solution. While extracting an invoice batch,
RTS fails to extract and validate an invoice in the batch.
What is the next
step?
A. The failed
invoice will be removed from the batch and remaining Invoices will be sent to
IPM for routing.
B. The failed
invoices will be loaded with the data available and the user needs to enter the
missing
information
manually.
C. The entire
invoice batch will be sent toIPM tor routing including invoice failed validation.
D. The entire batch is marked as failed
and needs to be resubmitted after corrections.
E. Only the
invoices that failed validation will be marked as failed and these need to be
resubmitted after
Corrections
Answer : D
89.
Identify three fields that will be extracted from an invoice when using the
Integrated imaging solution.
A. Purchase Order number
B.
Item number
C.
item price
D. Invoice amount
E. Supplier name
Answer
: A,D,E
90.
A user, while entering an invoice for an asset for capitalization, has entered
the GL Distribution charge Account.
Identify
the asset related account to which this invoice should match in order for it to
be automatically converted into an asset in Fusion Assets.
A.
Asset Cost Account
B.
Asset Amortization Account
C. Depreciation
Account
D.
Accumulated Depreciation Account
E. Asset Clearing Account
Answer
: E
91.
Which two organizational components are part of the OTBI report for outstanding
payables Invoices?
A. Legal Entity
B.
Business Group
C.
Human Resources Organization
D. Business Unit
E.
Inventory Organization
Answer
: A,D
92.
The Payment Process Request section of the Accounts Payables dashboard has a
tab called Recently Completed. This tab displays all the payment process
requests completed in the last_________.
A.
21 days
B.
30 days
C.
15 days
D. 7 days
E.
10 days
Answer
: D
Explanation:
Oracle Fusion Payables New Feature - Payables Dashboards (Doc ID
1399478.1)
93.
Which three activities are performed by the Expense Auditor in the Auditing
Work Area?
A. Initiating and monitoring
reimbursement processing
B.
Managing daily upload of credit card data
C. Reviewing and reprocessing
expense reports
D. Viewing payment requests created
for employees and corporate card issuers
E.
Managing corporate expense policies and rules
Answer
: A,C,D
Explanation:
Expense auditors perform the following tasks:
· Audit expense reports.
· Generate overdue and missing receipt
notifications.
· Check in expense report receipt packages.
· Manage expense report audit list membership
94.
You are assigned a duty role of Supplier Profile Management. Which three tasks
tan you perform?
A. Maintain suppliers
B. Maintain supplier payments
C.
Maintain supplier Tax Identifiers PII data
D.
Import and merge suppliers
E. Maintain supplier Income Tax
information
Answer
: A,B,E
Explanation:
Privileges for Supplier Profile
Management Duty are:
Create Supplier
Maintain Supplier
Maintain Supplier Address
Maintain Supplier Attachment
Maintain Supplier Business Classification
Maintain Supplier Contact
Maintain Supplier Income Tax
Maintain Supplier Payment
Maintain Supplier Products and Services Categories
Maintain Supplier Site
Maintain Supplier Site Assignment
Maintain Supplier Site Invoicing Information
Maintain Supplier Site Purchasing Information
Maintain Supplier Site Receiving Information
Maintain Supplier Transaction Tax
Search Supplier
View Supplier Contact Change Request
View Supplier Registration Bank Account
View Supplier Registration Request
95.
During the invoice Import process, the implication assigns the accounting date
from the first 5 finds. Which three sources will the application check for the
accounting date?
A.
Invoice Line record
B. Invoice Distribution
record
C. Invoice Header record
D.
Purchase Order Header
E. Accounting Date
parameter from the import submission
Answer
: B,C,E
96.
What are the three benefits derived by a Payables Manager when implementing
Oracle fusion Payables?
A. Simplified and expeditious reporting
B.
Fulfilling of demands for local compliance
C. Streamlining reconciliation to
the general lodger
D. Improvement in processing speed
and manageability
E.
Streamlining accounting policy changes
Answer
: A,C,D
97.
A company has a business requirement that all invoices go through an approval
process flow. Identify three features of the Invoice Approval workflow that
meets their requirement.
A. allows automatic resubmission of
an invoice if rejection occurs
B. has predefined criteria to
identify which invoices require approval
C. provides automatic routing of
invoices upon approval to another designated approver
D.
allows for corrections to invoices to be made while still in the approval
routing process
E. provides
Lime limits as to how long an invoice can remain unapproved before being
automatically rerouted to the next approver
Answer
: A,B,C
98.
Which three accounting event types are predefined for the Accounting Event
Class Prepayment Applications?
A. Prepayment Application
Adjusted
B. Prepayment Applied
C.
PrepaymentAdjusted
D.
Prepayment Validated
E. Prepayment Unapplied
Answer
: A,B,E
Explanation:
99.
How do you classify a prepayment as permanent?
A.
Create the prepayment invoice with the prepayment type as Permanent.
B.
Leave the Apply after date field blank in the Invoice Header.
C. Deselect the Allow Prepayment
Application option in the Invoice Header page.
D.
Permanent prepayments are not allowed.
E.
Deselect the Allow Prepayment Application option In the Invoice Line.
Answer
: C
100.
A user issued a Payment Process Request and subsequently realized an error in
the request. Which two
options
show instances where the payment can NOT be voided?
A. A payment that pays a prepayment
that has been applied to an invoice
B.
A payment for an invoice that is already posted to General Ledger
C.
A payment for an invoice which is a Withholding Tax Invoice
D. A payment that the bank has
already cleared
E.
A payment that has a status of Issued
Answer:
A,D
101.
Identify three statuses that appear in the Processed Tab in the Expense Report
region.
A.
Saved
B. Ready for Payment
C. Paid
D. Pending Your Resolution
E.
Partially paid
F.
Rejected
Answer:
B,C,D
Explanation:
Under
Track Submitted Expense Reports, you may see the Report Status of:
Hold Pending Receipts – The person did not fax the receipts in the system.
Expense
report will not go to approver unless receipts are faxed in.
Pending Your Resolution – The expense statement is waiting for you to do
something
Pending Manger Approval – It’s waiting for your manger to approve it
Pending Payable Approval – Waiting for accounts payable to verify everything’s
ok
Pending System Administrator Action – Contact RUFIS with your expense
number
Ready for Payment – A cheque should be issued soon
Paid – Cheque was issued.
Under Update Expense Reports section, you may see Report Status of:
In Progress – Report was not completed
Withdrawn – Report was submitted and then withdraw
102.
Identify three correct statements about creating and maintaining supplier
profile entities.
A.
Tax Registrations can be created and maintained only at the supplier level.
B. Bank Accounts can be created and
maintained at supplier and supplier site level.
C.
Multiple sites can NOT be created for the same address.
D. One supplier address can be
associated with one or more supplier contacts and one contact can be associated
with one or more addresses.
E. Transaction Controls are
maintained at supplier site level.
Answer
: B,D,E
Explanation:
103.
What
activity is performed by an Accounts Payable Manager with the duty role of Subledger
Accounting Transaction Analysis Duty?
A. Creates
accounting for all types of transactions
B.
Maintains transaction object diagnostics, imports and updates subledger balances
C. Analyses subledger accounting
transactional information
D.
Executes all subledger accounting reports and reviews journal entries
E. Reviews
subledger journal entries and entry lines
Answer : C
104.
Which
three options in a Quick Payment do NOT impede the selection of documents?
A. Payment Terms
B. Currency
C.
Business Unit
D. Payment
Method
E. Due Date
Answer : A,B,E
105.
Choose
three features of Oracle Fusion Expenses that facilitate streamlined expense
item creation.
A. smart defaulting
B. classification of expenses
C. imaged receipts attachment
D. tagging
and Tag Search
E. efficient approval mechanism
Answer :
B,C,E
Explanation:
ORACLE FUSION EXPENSES
KEY FEATURES
* Mobile entry for expenses
* Automated support for accounting and project
allocations
* Embedded transactional intelligence guide
approvers’ decisions (B, E)
* Out-of-the box imaging integration (C)
* Unique approval routing for project and cost
center expenses (E)
Note: Oracle Fusion Expenses is a complete
solution for expense management that gives financial managers the detailed
information they need and employees the easy data entry options they want. The
online and spreadsheet entry options along with mobile entry and approvals
reduce administrative headaches while still capturing essential data for
effective cost management.
106. The
following Issue is reported by the AP Invoice User: When creating an invoice,
there is no visual Indicator that prepayments exist for that supplier and are available
to
be applied against the invoice. There used to be a bell icon next to the
supplier number, but it is not there anymore.
Identify
the correct action that a consultant must perform in order to resolve the
issue.
A.
Enable Show Available Prepayments during Invoice Entry on the Supplier
Maintenance page.
B. Enable a Show Available Prepayments
during Invoice Entry on the Manage Invoice Options page.
C.
Enable Show Available Prepayments during Invoice Entry on the Payables System
Setup page.
D.
Enable show Available Prepayments during Invoice Entry in the Common Options
for Payables and
Procurement.
E.
Show available Prepayments during Invoice Entry on the Manage Business Objects
page.
Answer
: B
107. Which
three fields are required to create an invoice without a purchase order through
the Supplier Portal?
A. Supplier Name
B.
Remit to name
C. Taxpayer ID
D. Tax Registration Number
E. Requester E-Mail
Answer
: C,D,E
108. Which
three activities are performed in the Corporate Cards Work Area?
A. managing outstanding transactions
B. managing historical transactions
C.
managing corporate card programs
D.
managing corporate card issuers
E. creating payment requests
F.
managing usage policies
Answer
: A,B,E
Additional
Auditing
work area:
109.
What are the two parameters for the Payables Trial Balance Report?
A.
Supplier Name
B.
Legal Entity
C.
Supplier Number
D. Ledger
E. Party Name
Answer
: D,E
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_A17224F5976DEBBEE040D30A68810B65
110.
Select three reasons that a prepayment will NOT be available for
applying to invoices.
A.
The prepayment validation status is Available.
B.
The prepayment is of the Permanent
type.
C. The prepayment validation status is Needs
Revalidation.
D. The prepayment validation status
is Unpaid.
E.
The prepayment is of the Temporary type.
Answer
: B,C,D
111.
What duty must an employee have in order to create payables documents,
review reimbursements, process results, and review expense exports?
A. Expense Audit Duty
B.
Expense Export Duty
C.
Expense Entry Duty
D.
Expense Management Analysis Duty
E.
Expense Policies and Rules Administration Duty
Answer
: A
112.
Which three business rules prevent a distribution from being reversed?
A. If it is PO/RCV matched
B. If it represents a prepayment
application/unapplication
C.
If it represents an interest invoice line
D.
If it is already posted to a subledger
E. If it represents a variance (IPV
or ERV)
Answer
: A,B,E
Explanation:
Fusion Payables is added
with new feature called Line Filter mode for the Invoice
distribution reversal functionality.
Users need to be in Line
Filter mode in order to insert/delete/reverse distributions. Also, for reversal
and deletion, an eligible distribution row must be selected.
Following are the broad
business rules that prevent a distribution from being reversed:
- An
Invoice Distribution cannot be reversed if the Distributions Window is Display only.
- An
Invoice Distribution cannot be reversed if referenced by an active
(correction has not itself been reversed or cancelled) Correction
(Price, Quantity, Line).
- An
Invoice Distribution cannot be reversed if it is PO/RCV matched.
Such reversals must be accomplished by discarding the entire Line.
- An
Invoice Distribution cannot be reversed if it represents a Price or Quantity Correction.
Such reversals must be accomplished by discarding the entire Line.
- An
Invoice Distribution cannot be reversed if it represents a prepayment
application/unapplication.
- An
Invoice Distribution cannot be reversed if it is referenced by active distributions
(i.e. distributions which themselves have not been reversed or cancelled).
– Applies to Freight/Misc/Tax allocated to Item Lines.
- An
Invoice Distribution cannot be reversed if it represents a variance (IPV or ERV).
A variance is only reversed as part of discarding the parent line or
cancellation of the invoice.
- User
cannot reverse an invoice distribution if it is a withholding tax type
distribution or the invoice distribution is "RELATED" to a
withholding tax type distribution.
In order to get the Reverse button enabled, please make sure to
follow these exact steps:
1. From Edit Invoice page, choose Actions > Manage Distributions in Lines section.
2. In Manage Distributions page, in the dropdown list for Invoice Line,
choose a specific line.
3. Click on the distribution line you want to reverse and wait for the refresh
to finish.
4. Button Reverse should get activated.
113.
Identify two benefits of using the iSupplier Invoice approval process.
A.
automatic routing for approval
B.
manual routing for approvals
C. manual Hold Resolution
D.
automatic Hold Resolution
Answer
: A,C
114.
An employee submits an expense report, but before it is processed the
employee is terminated. At which level is the option Processing Days Allowed
After Termination configured?
A.
Employee
B. Business unit
C.
Expense template and type set up
D.
Project attributes
E.
Define expenses configuration
Answer
: B
Explanation:
It
is B, it is configured in the task Expenses System Options but it is configured
by Business Unit
115.
A company plans to provide access to certain employees with rights to update
the cost center information with the expenses application.
What
duty must a user have in order to update cost center information?
A.
Expense Audit Duty
B.
Project expense Allocation Duty
C.
Expense Entry Duty
D. Expense Account Allocation Duty
E.
Export Duty
Answer
: D
https://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20375/F569962AN5BF59.htm
116.
What are the three modes available to enter expense reports?
A. Oracle Fusion Expenses
B.
Spreadsheet Integration
C.
Oracle Fusion Payments
D. Oracle Fusion Payables
E. Oracle Fusion Projects
Answer
: A,D,E
117.
Choose two actions that can be performed from the Invoices to Pay region
of a Single Payment Request
A.
Change Due Date
B.
Assign Conversion Rate
C. Export to Excel
D.
Search Invoices: Available for Payment
E.
Select and Add: Invoices to
Pay
Answer
: C,E
118.
In which two ways will an invoice be impacted when an inclusive
prepayment is unapplied from it?
A. The unpaid invoice amount is increased
by the amount of the prepayment.
B.
An installment is created for the prepayment amount.
C.
The invoice validation status changes to Needs Revalidation.
D. The invoice paid status changes
from Partially Paid to Unpaid.
E.
The invoice accounting status changes to Partially Accounted.
Answer
: D
Applying a Prepayment
When you apply a prepayment, the invoice is updated to
reflect the amount paid and the prepayment amount available for application is
reduced. A prepayment application line with corresponding distributions is
added to the invoice.
Applied prepayments can be either inclusive or exclusive. A
supplier might send you an invoice that references a prepayment. If the
supplier reduces the invoice amount by the prepayment and associated tax, the
prepayment is inclusive. You can designate a prepayment as inclusive by
selecting the Included on Invoice
option when applying the prepayment. When you apply an exclusive prepayment to
an invoice, the unpaid invoice amount is reduced by the amount of the
prepayment application.
If a prepayment is matched to a purchase order, purchase
order quantities are updated during prepayment application.
https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_A0FCDA3743FBF965E040D30A68814CF2
119.
Which three duty roles are granted to the Corporate Card Administrator?
A. Corporate Card Transaction Management
Duty
B. Corporate Card Issuer Payment Request
Management Duty
C. Business Intelligence Applications
Worker
D.
Corporate Card Transaction Review Duty
E.
Expense Export Duty
Answer
: A,B,C
120.
In which two scenarios is the invoice line type Prepayment automatically
generated?
A.
a prepayment created with invoice type as Prepayment
B. a prepayment applied to
the invoice
C. a prepayment is unapplied to the
invoice
D.
a manually created invoice line with type asPrepayment
E.
at the time of validating a Prepayment Invoice
Answer
: B,C
121.
Which embedded analytics provides Information on expense reports without
receipts?
A.
Recent Similar Analytics
B. Recurring Violations
C.
Recent Returned Reports
D.
Corporate Card Required Violation
Answer
: B
122.
A Payment Process Request is issued with a payment type of Manual. Which
two payment statuses will allow the manual payment to be voided?
A.
Payment file build
B.
Pending proposed payment review
C. Issued
D.
Cleared
E. Negotiable
Answer
: C,E
123.
Which three statements are true when a prepayment is applied to an
invoice by selecting the option Include on Invoice?
A. The prepayment amount available for
application is reduced.
B. The unpaid invoice amount is reduced by
the amount of the prepayment application.
C.
The unpaid invoice amount is not affected by the prepayment application.
D.
The invoice is updated to reflect the amount paid by prepayment in the
Installments tab.
E. The prepayment amount paid is NOT
updated In the Installment tab of invoice.
Answer
: A,C,E
Applied prepayments can be either inclusive or
exclusive. A supplier might send you an invoice that references a prepayment.
If a supplier reduces the invoice amount by the amount of the prepayment and
associated tax, this is an inclusive prepayment. Designate a prepayment as
inclusive by selecting the option Included on Invoice, when applying the
prepayment. When you apply an exclusive prepayment to an invoice, the unpaid
invoice amount is reduced by the amount of the prepayment application
124.
While extracting an invoice batch, RTS fails to extract and validate an
invoice in a batch. What action is needed
to
complete the process?
A.
Review incomplete batches using Oracle Document Capture and resubmit them after
correcting the exceptions.
B.
Review incomplete batches using Oracle Forms Recognition Runtime Service and
resubmit them after correcting the exceptions.
C.
Review incomplete batches using Oracle Imaging and Process Management and
resubmit them after correcting the exception.
D. Review incomplete batches using
Oracle Forms Recognition verifier and submit then after correcting the
exceptions.
E.
Review incomplete batches using Enterprise Content management and submit them
after correcting the exceptions.
Answer
: D
Oracle Forms Recognition Runtime Server runs in
the background as a server process. Multiple instances of Oracle Forms
Recognition Runtime Server can be started simultaneously in a network or on a
single machine. Because all instances cooperate with each other, running
multiple instances optimizes load distribution. Batches that cannot be entirely
processed automatically by Oracle Forms Recognition Runtime Server are
forwarded to the quality assurance application Oracle Forms Recognition
Verifier to be corrected manually.
125.A company has a requirement to default the
disbursement bank account during the payment process request.
Which two actions will accomplish this?
A. Create a
payment Process Request template with the disbursement bank account so that it becomes
the default.
B. Define the Disbursement Bank Account at the
user level; the payment process derives the disbursement Bank account
associated with the user.
C. Define
the Disbursement Bank Account at the Business Unit level; the payment process
derives the disbursement bank accounts based on the business unit.
D. Define the Disbursement Bank Account in the
Payment Method; the payment process derives the disbursement bonk accounts
based on the Payment Method.
E. Define the Disbursement Bank Account in the
Payment Process Profile; the payment process derives the disbursement bank
accounts based on the Payment Process Profile.
Answer : A,C
126. Which two Payment Controls can be overridden by creating a manual
Single Payment Request?
A. Multiple
Pay Alone Invoices
B. All payment methods
C. Enable Charge Deduction from Payment
D. Supplier, with the Hold All Payments option enabled
E. Allow Pre-Date
Answer : A,D
127. Identify three tax types calculated and displayed in the totals area
of the invoice page.
A. Inclusive
Tax
B. Recoverable Tax
C. Non Recoverable tax
D. Withheld
Tax
E. Self
Assessed Tax
Answer : A,D,E
128. Where is the Expense Clearing Account and Payment Option set up in
Expenses?
A. Create or Edit Company Account pop-up menu
B. Payables System Options
C. Edit Expenses Systems Options
D. Business Unit System Options
E. Expense Report template
Answer : A
https://docs.oracle.com/cd/E56614_01/financialsop_gs/FAWDE/F1005007AN13B69.htm
129.
Which three options are true regarding the association of a receipt to
an expense report?
A. Users can maintain scanned
receipts in a central repository and provide a reference number in the
expense report.
B.
Users can add a receipt manually to the expense report at the report level.
C. Users can fax or email receipts with bar-coded
cover sheets.
D.
Users can maintain a physical receipt and provide a reference number in the
expense report.
E.
Users can add a receipt to
the expense report at the line level.
Answer
: A,C,E
130.
Identify three correct statements about Invoice Approval.
A.
Invoice approval uses Oracle
Approval Management to determine who approves invoices and how they will be
routed to different approval levels.
B.
You can define different
approval rules for purchase order matched and unmatched Invoices.
C.
You can NOT define different approval rules for purchase order matched and
unmatched invoice.
D. Approval rules can be set up at
position, job, and supervisory hierarchy levels depending on approval needs.
E.
Invoice approval is required for customer refund payment requests.
Answer:
A,B,D
131.
Which three details are required to create a Single Payment Request?
A.
Legal Entity
B.
Business Unit
C. Type
D.
Remit-to Account
E. Disbursement Bank Account
Answer
: B,C,E
132.
Which three fields are required in the Invoice Header when creating an
invoice using the spreadsheet options?
A.
Invoice Group
B. Invoice Number
C.
Payment Term
D. Supplier Site
E. Invoice Amount
Answer
: B,D,E
133.
Identify three actions performed by the Payables department for
iSupplier invoices.
A. Validating invoices
B.
creating accounting
C.
creating NonPurchase Order matched invoices
D.
creating Purchase Order matched invoices
E.
processing payments
Answer
: A,B,E
134.
Which hold type prevents accounting of a foreign currency invoice if the
conversion rate is missing?
A.
Unmatched Invoices hold
B.
Distribution Variance hold
C.
Invoice Amount Limit hold
D. No Rate hold
E.
Incorrect Conversion Rate hold
Answer
: D
Explanation:
The
Apply Missing Conversion Rate process automatically applies conversion rates
to foreign currency invoices or payments that have no conversion rate and a
conversion rate type
other than User. If a foreign currency invoice is missing a conversion rate,
then when you validate
the invoice, the validation process applies a No rate hold, which prevents
payment and accounting
of the invoice.
Missing Conversion Rates: How They Are Applied to Invoices
135.
Identify three features of Expenses regarding expense report approvals.
A.
Enforce Receipts received automatically before approval
B.
Review of Cost Center and Project Allocations
C. Integration with Fusion Imaging and Process Management
D. Automatic conversion to User Preferred
currency
E. Spotting of issues, thus facilitating informed
decisions using previous expense patterns
Answer
: C,D,E
Explanation:
C
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110436AN811D1.htm
Receipt Images: How They Are Processed
To ensure the validity of employee expenses, companies often require their
employees to submit receipts for their expenses. Organizations vary in their
receipt submission requirements. Common methods of receipt submission include
faxing or E-mailing receipts to accounts payables. To enable receipt of
expense-related images by fax, E-mail, or from a file location on a server,
Oracle Fusion Expenses integrates with Oracle Image Processing and Management
(IPM) and Oracle Document Capture (ODC). This integration enables automatic
attachment of receipt images to their respective expense reports.
D.
https://docs.oracle.com/en/cloud/saas/financials/18b/fawde/expense-report-approval.html#FAWDE135235
How can I see expenses in my own currency?
If expenses were incurred in a foreign currency, the expense report total
automatically displays both the reimbursement currency and the approver
preferred ledger currency in the Details section of the expense report
Approval Notification.
E.
Can I see previous expense report submission data to help me with my approval
decision?
Yes. On the expense report approval notification, tables provide you with
historical expense report information about this employee for recent similar
expenses, recurring violations, and recent returned expense reports.
136.
Which two invoice actions are NOT allowed if prepayments have been
applied to an invoice?
A. Cancel an invoice.
B.
Reverse an invoice
distribution.
C.
Modify an invoice distribution.
D.
Add an invoice line.
E.
Modify the accounting information.
Answer
: A,B
137.
What is the validation status of an invoice after it is loaded using the
Launch Import Invoice program?
A.
Validated
B. Never validated
C.
Needs revalidation
D.
Not required
E.
Revalidated
Answer
: B
138.
Which expense approval rule would route the approval to the next level
if the approval amount reaches the
threshold?
A.
approvals by cost center managers
B.
approvals by supervisors
C.
approvals by project managers
D.
approvals by expanse templates
E. approvals based on the position
hierarchy
Answer
: E
139.
What are the three sections in the Payables Key Indicators Report?
A.
Recent Activity
B. Current Activity
C. Invoice Activity
D.
Payment Activity
E. State of the Application
Answer
: B,C,E
140.
Identify three benefits that a buyer company and supplier can receive
from the Supplier Portal.
A. Expedite invoice processing and
increase efficiency by allowing authorized suppliers to enter their
invoices against approved purchase orders.
B.
Suppliers can view their purchase order information.
C. Reduce human error and prevent
unauthorized purchasing with an automatic approval process for unmatched
invoices.
D.
Suppliers can view and update their master information.
E. Enhance supplier relationship and
reduce communication overhead by providing suppliers a quick view of
invoice and related payments regardless of whether invoices were submitted
online or processed manually.
Answer
: A,C,E
141.
A company wants to default the business unit for a user In Oracle Fusion
Payables. Identify the setup that meets this requirement.
A.
Common Options for Payables and Procurement
B.
Financial Options
C. Setup and Maintenance
D.
Payables Options
E.
Payables System Setup
Answer
: C
Fusion:
How to Specify Default Business Unit For a User in Fusion Payables (Doc ID
1380204.1)
142.
Identify three sections that are part or the Accounts Payables
Dashboard.
A.
Invoice Requiring Attention
B.
Payments Files Requiring Attention
C.
Available Prepayments
D. Payables Process Request
E. Supplier Sites on Payment Hold
Answer
: A,D,E
Stop payment request
143.
The Apply Missing Conversion Rates program can only be executed
for a ___________.
A.
Ledger
B. Business Unit
C.
Legal Entity
D.
Business Group
E.
Ledger Set
Answer:
B
144.
What are the three prerequisites for applying a prepayment to an
invoice?
A. The prepayment has the same invoice
currency as the invoice.
B.
The prepayment has the same requester as the invoice.
C. The prepayment has the same supplier
number as the invoice.
D. The prepayment has the same payment
currency as the invoice.
E.
The prepayment has the same payment term as the invoice.
Answer:
A,C
Prerequisites
The
prepayment is type Temporary, paid, approved, not cancelled, has no active
holds, and has not already been fully applied.
The
prepayment has the same supplier, invoice currency, and payment currency as
the invoice.
145.
An employee traveled to a different city on a business trip. During the
course of travel, the employee used the
corporate
card provided by his company for both business and personal expenses. Upon his
return, the
employee
created an expense report. The company is processing the expense report as Both
Pay Corporate Card Transactions.
What
will the result be?
A.
Both business and personal expenses will be reimbursed to the employee.
B.
Reimbursement will be made to the employee and the corporate card Issuer.
C. Only business expenses incurred using
the corporate card will be reimbursed to the card Issuer.
D.
All expenses incurred using a corporate card will be paid to the card Issuer.
E.
Reimbursements will be made to the employee instead of the corporate card
issuer
Answer
: C
146.
Which three options are used to sort the Unaccounted
Transaction Report?
A. Transaction Type
B.
Transaction Source
C. Transaction Currency
D. Transaction Number
E.
Transaction Date
Answer
: A,C,D
Payables sorts the report by
transaction type (invoice or payment), exception, supplier, transaction
currency, and transaction number.
Payables
Unaccounted Transactions and Sweep Report
147.
Select three types of invoice transactions for which invoice
distributions are generated automatically.
A.
Purchase order or receipt-matched
lines
B. Interest invoices generated during
payment
C.
Invoice validation
D.
Invoice created through the Image Integration tool
E.
Tax lines generated by Oracle
Fusion Tax
Answer
: A,B,E
Invoice
distributions are generated automatically for:
· Purchase order or receipt-matched lines
· Prepayment application or
unapplication lines
· Automatic and manual withholding tax lines
· Tax lines generated by Oracle Fusion Tax
· Correction-related lines
· Interest invoices generated during
payment
148. Identity three events across the life cycle of an expense report?
A. An
invoice is created in Accounts Payable.
B. The expenses incurred by a user while
transacting business are entered in an expense report.
C. The expense items and expense reports will
be tagged and can be located through the Tag Center.
D. There in
seamless desktop integration through Excel for offline expense entry.
E. Line
managers can approve the expense report submitted by the user for approval.
Answer : A,D,E
149. Which two statements are true about the Invoice Requiring Attention
section of the invoice Dashboard?
A. displays links to all prepayment type
invoices that have NOT been fully applied
B. lists invoices entered or imported in the
past seven days that are NOT yet accounted or accounted for in draft only
C. displays
Invoices in the system that are waiting for approval*
D. displays invoices
rejected in the approval process along with the reason for rejection
E. displays all scanned invoices through the
Integrated imaging solution that have NOT yet had accounts Payables invoices
created
Answer : C,D
150.
A company needs to implement corporate cards with Company Pay or Both
Pay Payments liability. Select three
correct
statements regarding corporate card implementation.
A.
Specific expense clearing
account can be set up per card program.
B. Setting up of expense clearing account
is required only for Company Pay and Both Pay payment liability.
C. One clearing account can be set up
for all card programs.
D.
Payables uses the clearing account to record only the debits.
Answer
: A,B,C
Defining
an Expenses Clearing Account
If you are implementing the Company Pay or Both Pay reimbursement policy,
define your expenses clearing account for credit card transactions in Internet
Expenses.
Payables uses this as a temporary account to record debits and credits for
credit card transactions on expense reports that are submitted using Internet
Expenses.If you use the Company Pay or Both Pay reimbursement policy, this is a
mandatory step.
Define your default expenses clearing account for Internet Expenses in the
Expenses Clearing field of the GL Accounts region of the Payables Financials
Options window.You can also define an expenses clearing account for a specific
card program in the Expenses Clearing Account field of the Card Programs
window. The account specified in the Card Programs window takes precedence over
the account specified in the Payables Financials Options window for that card
program
151.
A company has different payment terms for different suppliers. Payment terms
with some suppliers also include
discounts.
Which
report needs to be executed to identify the maximum discounts possible by the
earliest payment to the
suppliers
or where they should have taken a discount but did not?
A.
Payables Discounts Report
B.
Payables Discounts taken Report
C.
Payables Discounts lost Report
D. Payables Discounts taken and Lost Report
E.
Payables Discounts Taken and Lost Report by Supplier
Answer
: D
The
Payables Discounts Taken and Lost Report identifies payments where a discount
was taken and payments where a discount was available, but not taken.
152.
Identify three statements that are true for a supplier's bank details.
A.
Suppliers maintain their Bank details.
B.
Bank details are required only for manual check payments.
C. Bank accounts can be added at any
time for a supplier or supplier site.
D. Accounts Payables use bank
account information to generate an electronic payment for a supplier.
E. Updating bank accounts for a
supplier will NOT affect bank accounts for existing supplier sites.
Answer
: C,D,E
153.
Choose three actions that can be performed from the Accounts Payables
dashboard.
A.
Export to PDF
B. Export to Excel
C. Reorder Columns
D.
Reorder Rows
E. Drill Down
Answer
: B,C,E
154.
What are the two types of Holds available?
A. Installment holds
B. Supplier Site holds
C.
Supplier Location holds
D.
Invoice Line holds
E.
Payment holds
Answer
: A,B
155.
Select three true statements about the Invoice Validation process.
A.
creates tax lines and
distributions
B.
creates withholding invoices
C.
validates project information
D.
creates Accounting Entries
E.
updates Supplier Balance
Answer
: A,B,C
Line
information such as default distributions, distribution sets, and overlay distributions
Freight
or miscellaneous charge allocations
Calculates
tax
Creates
tax lines and distributions
Calculates
withholding
Creates
withholding invoices
Checks
for variances between ordered, received, and invoiced quantities or amounts
Applies
or releases holds
Validates
project information
Checks
conversion rate information
Checks
period status
156.
Identify three duty roles that are granted to both the Accounts Payable
Supervisor and the Accounts Payable
Manager.
A.
Payables Business Intelligence Management Duty
B. Accounts Payable Period Status
Review Duty
C.
Payables Balance Analysis Duty
D. Business Intelligence Authoring Duty
E. Disbursement Process Management Duty
F.
Accounts Payable Period Status Management Duty
Answer
: B,D,E
157.
Which three tabs are available on a Single Payment Request?
A. Payment Details
B. Additional Information
C.
Processing Options
D.
Accounting
E. Advanced
Answer:
A,B,E
158.
Identify two points to be considered when setting up the Accounts Payable to
General Ledger Reconciliation.
A.
Configuring Data Security
B. Configuring User Security
C.
Payables System Setup
D.
Assigning a Payables Category
E. Assigning a Financial Category
Answer
: B,E
Consider these points when
setting up for Oracle Fusion Payables to general ledger
reconciliation.
Reconciling by Business Unit or Ledger
Assigning a Financial Category
Setting the Reconciliation Data Purge Frequency Profile Option
Configuring User Security
159.
A company has implemented the Supplier Portal WITHOUT the invoice approval
workflow. When a supplier
enters
an invoice WITHOUT a purchase order match, what is the status of the invoice
request?
A.
Incomplete
B.
Complete
C. In Process
D.
In Progress
E.
Invalid
Answer
: C
White Paper on Submit Invoices in Fusion iSupplier Portal (Doc ID
1400886.1)
160.
What invoice approval status is required to apply the invoice approval
action Hold from Approval?
A.
Initiated
B. Required
C.
Rejected
D.
Held from Approval
E.
Resubmit for Approval
Answer
: B
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