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NEW QUESTION 1
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.
- A. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
- B. Business units must be granted access to the bank account.
- C. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-to-bank reconciliation.
- D. Allow bank accounts to be accessed by all roles and users because the default valued to secure a bank account by users and roles is No.
- E. Do not assign bank accounts to business unit
Answer: AB
Explanation:
Reference: http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20375/F569961AN5B6A3.htm
NEW QUESTION 2
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 all the invoice dates are the same.
- B. Assign the same Invoice Header Identifier to multiple invoices you want to group.
- C. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
- D. Enter a value in the Invoice Group field to group similar invoices into a batch.
- E. Make sure the Invoice Number is the sam
Answer: B
NEW QUESTION 3
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 regio
- B. Use English locale and generate the XLIFF fil
- C. Then upload the file back under the translated region.
- D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates regio
- E. Use English locale and generate the XLIFF fil
- F. Then upload the file back under the translated region.
- G. 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.
- H. Create your template in local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
Answer: A
Explanation:
Reference: https://docs.oracle.com/cd/E21764_01/bi.1111/e13881/T527073T559221.htm
NEW QUESTION 4
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 Payment options.
- B. Allow payee to override for third-party payments while Manage Invoice options.
- C. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
- D. Allow the remit-to supplier override for third-party payments at Manage Invoice option
Answer: D
NEW QUESTION 5
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
- A. Imported
- B. Never Validated
- C. Validated
- D. Needs Revalidation
- E. Not Required
Answer: B
NEW QUESTION 6
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 job roles to each auditor.
- B. Assign the Expense Auditor as the owner of each business unit.
- C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
- D. Use segment value security rules to secure access to business units.
Answer: C
Explanation:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 7
In what order should the import process be run when importing suppliers?
- A. any order
- B. Supplier, Supplier Site, Supplier Site Contacts, Supplier Site Assignments
- C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
Answer: B
Explanation:
Reference: https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007476.htm
NEW QUESTION 8
Which two statements are true about processing corporate card expenses?
- A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- B. You can process payment for credit card using Electronic funds transfer, check, or wire.
- C. Usage policy for expense category tolerances does not apply to credit card expenses.
- D. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
- E. Card transactions will be paid directly from Expenses Clou
Answer: CD
NEW QUESTION 9
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this?
- A. Define the Disbursement Bank Account to every supplier.
- B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
- C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
- D. Create a Payment Process Request template that includes the Disbursement Bank Account.
- E. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
Answer: BD
NEW QUESTION 10
Identify two ways the invoice imaging solution works in the Cloud.
- A. Customers scan the invoice on-premise and email the images.
- B. Customers cannot use invoice imaging in the Cloud.
- C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
- D. Customers ask their suppliers to scan and email the invoice.
- E. Customers ask suppliers to send electronic invoice
Answer: AD
NEW QUESTION 11
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 “show errors”.
- C. Enable debug for the payment format program.
- D. Set the validation failure handling for payments to “stop process for review”.
Answer: D
Explanation:
Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm
NEW QUESTION 12
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
- A. The purchase order payment term cannot be overridden.
- B. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
- C. The user needs to specify which payment term to use.
- D. The payment term of the invoice overrides the purchase order payment term.
- E. The payment term of the purchase order overrides the invoice payment ter
Answer: B
NEW QUESTION 13
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?
- A. The employee can manually release the hold.
- B. The employee’s supervisor can manually release the hold.
- C. Payables Manager can release payment holds in Payables.
- 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: DE
NEW QUESTION 14
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 installment was manually removed.
- B. The invoice has not been accounted.
- C. The pay-through date is in a future period.
- D. The pay-through date is in a closed Payables period.
- E. The invoices need re-validatio
Answer: AE
Explanation:
Reference:
https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION 15
Which two statements are true related to configuration package?
- A. You can export and import the custom roles from Oracle Identity Manager.
- B. You can export and import selected business object services.
- C. You can export and import selected business units.
- D. You can export and import the approval rules from the approval management engine.
- E. You can export and import the allocation rules from the allocation manage
Answer: AB
NEW QUESTION 16
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
- A. Cancel the invoice and create a new one.
- B. yes, by creating a credit memo to offset the payment
- C. yes, by canceling the payment process from the process monitor
- D. no
- E. yes, by voiding the payment created
Answer: E
NEW QUESTION 17
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 than 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 conversation rate settings and you do not violate the allowable limit.
- B. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
- C. Use the corporate-defines conversion rate even if it means you will not be reimbursed fully.
- D. Call Visa to address the issue and tell them to make adjustments to their conversion rat
- E. Then, wait to get a revised statement.
Answer: A
NEW QUESTION 18
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct?
- A. Voiding the payment automatically places an invoice on hold.
- B. Any previous accounting and payment records for an invoice are reversed.
- C. Any realized gain or loss previously calculated is reversed.
- D. All related withholding tax invoices are automatically voided.
- E. All related interest invoices are reversed if previously create
Answer: BCE
NEW QUESTION 19
Which three attributes are captured during the scanning of invoice images?
- A. Invoice Date
- B. Invoice Number
- C. Terms Date
- D. PO Number
- E. Payment Method
Answer: ABD
NEW QUESTION 20
Which attributes on the payables invoice can be used during approval rule creation?
- A. company and cost center segment only
- B. cost center segment and supplier only
- C. supplier only
- D. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
Answer: C
NEW QUESTION 21
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
- 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: BC
Explanation:
Reference:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A87306EB5A7752DFE040D30A68817FB2
NEW QUESTION 22
Which three are attributes that are recognized by Invoice Imaging?
- A. PO Number
- B. Payment Method
- C. Terms Date
- D. Invoice Number
- E. Invoice Date
Answer: ADE
NEW QUESTION 23
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. 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.
- B. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- C. 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.
- D. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
Answer: B
NEW QUESTION 24
Which is the Payables tool based on real-time data?
- A. Essbase Cube
- B. Oracle Financial Reporting (FR)
- C. Oracle Transactional Business Intelligence (OTBI)
- D. Smart View
- E. Oracle Business Intelligence Applications (OBIA)
Answer: B
Explanation:
Reference: https://docs.oracle.com/cloud/farel9/financialscs_gs/OCUAR/F1550147AN10063.htm
NEW QUESTION 25
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