Oracle 1z0-1005

Oracle 1z0-1005
Oracle Financials Cloud: Payables 2018

Implementation Essentials
Version: 1.0
Oracle 1z0-1005 Exam
QUESTION NO: 1
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
Explanation:
QUESTION NO: 2
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 audior.
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
Explanation:
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QUESTION NO: 3
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 Request
D.
Standard, Debit Memo and Customer Refund
Answer: A
Explanation:
QUESTION NO: 4
A company has a requirement to default the disbursement bank account when submitting a
Payment Process Request.
Which action will accomplish this?
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: B,D
Explanation:
QUESTION NO: 5
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: A
Explanation:
QUESTION NO: 6
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
Explanation:
QUESTION NO: 7
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)
Answer: A
Explanation:
QUESTION NO: 8
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: A
Explanation:
QUESTION NO: 9
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

Explanation:
QUESTION NO: 10
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
Explanation:
QUESTION NO: 11
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
Explanation:
QUESTION NO: 12
ON NO: 12
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
A.
yes, by canceling the payment process from the process monitor
B.
Cancel the invoice and create a new one.
C.
yes, by voiding the payment created
D.
yes, by creating a credit memo to offset the payment
E.
no
Answer: C
Explanation:
QUESTION NO: 13
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?
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:
QUESTION NO: 14
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: B
Explanation:
QUESTION NO: 15
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
Explanation:
QUESTION NO: 16
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
Explanation:

QUESTION NO: 17
Which two statements are true when you are using the Intercompany Reconciliation Reports?
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: A,C
Explanation:
QUESTION NO: 18
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
Explanation:
QUESTION NO: 19
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
Explanation:
QUESTION NO: 20
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?
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
Explanation:
QUESTION NO: 21
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 Site, Supplier Site Contacts, Supplier Site Assignments
C.
Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
D.
any order
Answer: B
Explanation:
QUESTION NO: 22
Which two statements are true about processing corporate card expenses?
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
Explanation:
QUESTION NO: 23
What happens if a company runs the payables Unaccounted Transactions Sweep program for
February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?
A.
The accounting dates of all unaccounted invoices will be changed to February 20,2016, the same
day of the next period.
B.
The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of
the next period.
C.
The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.
D.
The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first
day of the next period.
Answer: D
Explanation:

QUESTION NO: 24
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?
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,D
Explanation:
QUESTION NO: 25
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.
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,B
Explanation:
QUESTION NO: 26
Identify what Oracle considers two best practices when setting up Payables and Receivables
account access for bank reconciliation.
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,D
Explanation:
QUESTION NO: 27
Identify two ways the invoice imaging solution works in the Cloud.
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
Explanation:
QUESTION NO: 28
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
Explanation:
QUESTION NO: 29
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: E
Explanation:
QUESTION NO: 30
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
Explanation:

QUESTION NO: 31
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: C
Explanation:
QUESTION NO: 32
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: B,C
Explanation:
QUESTION NO: 33
Which two statements are true about the Invoice Validation process?
A.
creates withholding tax invoices, if withholding tax is enabled to create withholding tax at payment,
so that you can make payment on this invoice
B.
validates project information
C.
updates supplier balances
D.
creates tax lines and distributions
E.
creates accounting entries in draft
Answer: B,C
Explanation:
QUESTION NO: 34
What two job roles are required to access information within Functional Setup Manager?
A.
Application Implementation Manager
B.
Any Functional User
C.
Application Implementation Consultant
D.

Functional Setup Manager Superuser
E.
IT Security Manager
Answer: A,C
Explanation:
QUESTION NO: 35
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
Explanation:
QUESTION NO: 36
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
Explanation:
QUESTION NO: 37
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:
QUESTION NO: 38
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: B
Explanation:
QUESTION NO: 39
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
Explanation:

QUESTION NO: 40
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 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: A,E
Explanation:
QUESTION NO: 41
Which three are attributes that are recognized by Invoice Imaging?
A.
Terms Date
B.
Payment Method
C.
Invoice Date
D.
PO Number
E.
Invoice Number

Answer: C,D,E
Explanation:
QUESTION NO: 42
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
Explanation:
QUESTION NO: 43
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
Explanation:
QUESTION NO: 44
Which three types of payments can you make if you have access to Disbursement Process
Management Duty?
A.
Reimbursement of employee expense reports
B.
Employee advances
C.
Supplier payments
D.
Customer refunds
E.
Ad hoc payments
Answer: A,C,D
Explanation:

QUESTION NO: 45
Select three reasons why you cannot close your Payables period.
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
Explanation:
QUESTION NO: 46
An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two
discounts: the first discount date is December 5, 2015 for $150 USD and the second discount date
is December 20, 2015 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, 2015
Pay Through date = December 25, 2015
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
Explanation:
QUESTION NO: 47
An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two
discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is
June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2016
Pay Through Date = July 30, 2016
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
Explanation:
QUESTION NO: 48
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: E
Explanation:
QUESTION NO: 49
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: D
Explanation:
QUESTION NO: 50
The expense auditor has chosen to Request More Information for an expense report. Select two
ways the system processes this action.
A.
The expense report status remains Pending Payables Approval.
B.
The expense report is routed back to the approvers.
C.
The employee must reply to the notification before the reimbursement process can continue.
D.
The employee must resubmit the expense report.
Answer: A,D
Explanation:
QUESTION NO: 51
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
Explanation:
QUESTION NO: 52
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?
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,D
Explanation:
QUESTION NO: 53
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds.
Which three statements are correct?
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:
QUESTION NO: 54
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 ivoice lines
or distributions.
D.
You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
Answer: D

Explanation:
QUESTION NO: 55
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?
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,D
Explanation:
QUESTION NO: 56
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.
Answer: C
Explanation:
QUESTION NO: 57
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.
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
Explanation:
QUESTION NO: 58
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
Explanation:
QUESTION NO: 59
You want 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.
A.
Customize the Subledger Accounting rules to allocate costs.
B.
Define a distribution set and assign it manually to the invoice.
C.
Enter the invoice in Payables and then use general ledger’s Calculation Manager to allocate the
costs.
D.
Define a distribution set and assign it to the supplier.
Answer: A,B
Explanation:
QUESTION NO: 60

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
Explanation:
QUESTION NO: 61
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the “Apply
credits up to zero amount” option is enabled for the payment process request. Which statement is
correct?
A.
The payment process request pays only $200 USD alone.
B.
The payment process request applies $200 USD of the credit memo to the invoice, leaving a
remaining credit of $25 USD, and creates a payment for $0 USD.
C.
The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
D.
The payment process request doesn’t select the invoice or credit memo for payment because the
credit reduces the payment to - $25 USD, which is below zero.

Answer: B
Explanation:
QUESTION NO: 62
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
Explanation:
QUESTION NO: 63
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.
Answer: D
Explanation:
QUESTION NO: 64
Which two statements about the submission of invoices by suppliers using Supplier Portal are
true?
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: D,E
Explanation:
QUESTION NO: 65

Before you can configure payment approval rules, your company must define a payment approval
policy. Which three are done by the payment approval policy?
A.
It allows approvers to review payments and decide whether or not to approve a payment.
B.
It defines criteria for triggering the payment approval process, such as payment amount, bank
account, or pay group.
C.
It defines a list of approvers who review payments and make final payment decisions.
D.
It defines when to initiate the payment approval process.
E.
It determines which payments must go through the payment approval process.
Answer: B,C,D
Explanation:
QUESTION NO: 66
You created a payment and before it is cashed by the supplier you mistakenly submitted a request
to stop payment. Later you canceled the request to stop payment. What is the resulting payment
status?
A.
Voided
B.
Negotiable
C.
Stop initiated
D.
Available
E.
Canceled
F.
Cleared
Answer: B
Explanation:
QUESTION NO: 67
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: B
Explanation:
QUESTION NO: 68
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
Explanation:
QUESTION NO: 69
Identify three scenarios where you are not allowed to cancel an invoice.
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.
E.
The invoice was adjusted by a credit or a debit memo.
Answer: A,D,E
Explanation:
QUESTION NO: 70
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
Explanation:
QUESTION NO: 71
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.
Answer: D
Explanation:
QUESTION NO: 72
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
Explanation:
QUESTION NO: 73
What are the two advantages of using a spreadsheet for correcting invoice import errors?
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,C
Explanation:

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Oracle Financials Cloud: Payables 2018

"Pass Any Exam. Any Time." - www.actualtests.com 2

Which invoice types can be included in the Create Payment flow?

Which action will accomplish this?

"Pass Any Exam. Any Time." - www.actualtests.com 3

"Pass Any Exam. Any Time." - www.actualtests.com 4

Which method can you use to route payment approval rules?

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"Pass Any Exam. Any Time." - www.actualtests.com 6

"Pass Any Exam. Any Time." - www.actualtests.com 7

What are the two possible reasons for this?

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"Pass Any Exam. Any Time." - www.actualtests.com 14

Which two statements are true?

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What is the result of voiding a payment?

Which is the Payables tool based on real-time data?

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How do you handle this situation?

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How will system evaluate the tolerances for expense reports?

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"Pass Any Exam. Any Time." - www.actualtests.com 21

The payment build program has completed but with errors.

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Which two statements are true related to configuration package?

Which three are attributes that are recognized by Invoice Imaging?

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"Pass Any Exam. Any Time." - www.actualtests.com 25

"Pass Any Exam. Any Time." - www.actualtests.com 26

You submit a Payment Process Request with the following criteria:

Payment Date = December 5, 2015

Pay Through date = December 25, 2015

Date Basis = Pay Date

Always Take Discount option is enabled

What will be the resulting status of the installment and discount?

"Pass Any Exam. Any Time." - www.actualtests.com 27

You submit a Payment Process Request with the following criteria:

Payment Date = June 20, 2016

Pay Through Date = July 30, 2016

Date Basis = Due Date

What will be the resulting status of the installment and discount?

"Pass Any Exam. Any Time." - www.actualtests.com 28

"Pass Any Exam. Any Time." - www.actualtests.com 29

"Pass Any Exam. Any Time." - www.actualtests.com 30

What must be entered on the invoice in order to do this?

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Select two methods to achieve this.

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Rule 1: If the invoice amount > $1000, route it to User 1.

Rule 2: If the invoice amount < $1000, auto approve it.

"Pass Any Exam. Any Time." - www.actualtests.com 36

How can the customer achieve this?