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NEW QUESTION # 46
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?
- A. Data for authorized business units only; no GL data is visible
- B. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
- C. Data for all business units and all balancing segments in the ledger
- D. Data for all business units and one balancing segment in the ledger
Answer: C
Explanation:
Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION # 47
A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.
Where does this Withholding Tax Classification Code default from?
- A. From the Manage Tax Reporting and Withholding Tax Options
- B. From the Site Assignments of the Supplier Site
- C. From the Party Tax Profile of the Third Party Site
- D. From the Income Tax region of the Supplier
Answer: B
Explanation:
Set withholding tax options on the Manage Tax Reporting and Withholding Tax Options page and on the supplier setup.
NEW QUESTION # 48
Which method can you use to route payment approval rules?
- A. Both Parallel and Sequential
- B. Sequential
- C. Approval Groups
- D. Parallel
- E. Serial and FYI (For Your Information)
Answer: A
NEW QUESTION # 49
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. Ad hoc payments
- C. Employee advances
- D. Supplier payments
- E. Customer refunds
Answer: B,C,E
NEW QUESTION # 50
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. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
- D. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
- E. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
- F. Manual Approvals should be allowed for the transaction type.
Answer: B,E
NEW QUESTION # 51
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. Enable debug for the payment format program.
- D. Set the validation failure handling for payments to "show errors."
Answer: B
NEW QUESTION # 52
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any dat a. What should you check?
- A. Make sure you assign an Account parameter when running the extract to include liability accounts.
- B. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
- C. Make sure you specified a Business Unit in the parameters when running the extract.
- 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.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htmc
NEW QUESTION # 53
In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?
- A. .doc (Word file)
- B. .pdf (Acrobat reader file)
- C. .xls (Excel file)
- D. .xlf (XLIFF file)
Answer: B
Explanation:
BI Publisher extracts the translatable strings from the template and exports them to an XLIFF (.xlf file).
NEW QUESTION # 54
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
- A. Any previous accounting and payment records for an invoice are reversed.
- B. All related interest invoices are reversed if previously created.
- C. All related withholding tax invoices are automatically voided.
- D. Voiding the payment automatically places an invoice on hold.
- E. Any realized gain or loss previously calculated is reversed.
Answer: A,C,E
Explanation:
D: When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will have the correct information, and so the status of the paid invoices is reset to Unpaid. Payables also reverses any realized gains or losses on foreign currency invoices recorded as paid by the payment.
B: If you withhold taxes at payment time and you void a payment that paid an invoice with an associated withholding tax invoice, then Payables automatically creates a negative (reversing) invoice for the tax authority supplier to offset the amount of the tax withholding invoice. You determine when you withhold taxes by selecting the Apply Withholding Tax option in the Payables Options page.
References: Oracle Payables User's Guide, Voiding Payments Using the Payments Window
NEW QUESTION # 55
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
- A. Terminate the payment process request.
- B. Remove the documents or payments causing the error and resume the payment process.
- C. Run the create accounting program.
- D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
- E. Run the invoice validation program.
Answer: A,B
Explanation:
Using the Resolve Document Validation Errors Page, you may review the errors and takeaction. You may fix related data, such as third party payee information, and submit the documents for revalidation. You may also remove documents from the Payment Process Request, which sends the documents back to the source product with the validation failure reason, just as rejection does.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13415/T456136T484670.htm
NEW QUESTION # 56
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. Annually
- C. Biweekly
- D. Monthly
- E. Bimonthly
Answer: A,D,E
NEW QUESTION # 57
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 subledger transactions and the ones that are not are based on general ledger balances.
- 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. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
- D. There is no difference.
Answer: A
Explanation:
In Oracle Fusion applications, there are two types of subject areas:
Subject areas whose names usually end with Real Time and access real-time (transactional) data.
Subject areas whose names usually do notend with Real Time and access data warehouse data.
References: https://docs.oracle.com/cloud/farel8/common/OATBI/postinstallation.htm
NEW QUESTION # 58
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 and the accrual account for the prepaid expenses in the invoice lines or distributions.
- C. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
- D. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
Answer: C
NEW QUESTION # 59
When creating a check payment, from where is the payment document defaulted?
- A. Bank Account
- B. Business Unit
- C. Bank
- D. Legal Entity
- E. Supplier
Answer: A
Explanation:
Create Check
This step shows how to create a check to pay the customer for theclaim. The customer will be paid with the designated amount in Oracle Payables.
Navigation: Actions > Pay in Full.
Notes:
Bank Account: Select BofA.
Document: Select Check.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e16295/T544851T544993.htm
NEW QUESTION # 60
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 with the status of Issued.
- B. A payment that pays a prepayment that has been applied to an invoice.
- C. A payment that has already cleared the bank.
- D. A payment for an invoice with an associated Withholding Tax invoice.
- E. A payment that has been accounted and posted to General Ledger.
Answer: A,E
Explanation:
A: You can't: Void a payment for aprepayment that's applied. You must first unapply the prepayment, then void the payment.
D: If the payment is cleared in cash management then it has to be uncleared first before you can void the payment.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm
NEW QUESTION # 61
Select three reasons why you cannot close your Payables period. (Choose three.)
- A. open intercompany transactions
- B. suppliers on payment holds
- C. unapplied prepayments
- D. unaccounted invoices and payments
- E. bills payable requiring maturity
Answer: A,D,E
Explanation:
The types of exceptions reported are:
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DE8D32BDBE0FBADE040D30A688146CA
NEW QUESTION # 62
A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?
- A. Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.
- B. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.
- C. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.
- D. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.
Answer: B
Explanation:
Business unit if you implemented centralized payment processing using the service provider model.
NEW QUESTION # 63
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.
Answer: B
NEW QUESTION # 64
Which two statements are true about processing corporate card expenses?
- A. You can process payment for credit card using Electronic funds transfer, check, or wire.
- B. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
- C. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- D. Usage policy for expense category tolerances does not apply to credit card expenses.
- E. Card transactions will be paid directly from Expenses Cloud.
Answer: B,D
Explanation:
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
To enable your company to pay a corporate card issuer, you enter a default payment method, whether check, EFT (Electronic funds transfer), or wire, in the Address Payment Information region of the Edit Corporate Card Issuer page, as well as bank account information.
References:
https://docs.oracle.com/cloud/latest/financialscs_gs/FAIEX/FAIEX1456644.htm
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110434AN7B1F9.htm
NEW QUESTION # 65
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?
- A. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
- B. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
- C. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
- D. You cannot update the minimum transaction currency when intercompany currency is entered.
- E. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
Answer: A,C
Explanation:
Define intercompany system options to set up intercompany processing rules at the enterprise level, based on your specific business needs.
Minimum Transaction Amount
The minimum transaction amount represents a minimum threshold intercompany transaction amount, and prevents the submission of immaterial transactions for small amounts, which are non-value added. In order to implement this rule, you must select a minimum transaction currency for processing intercompany transactions. These two system options must be related to ensure that when comparing a transaction amount to the minimum transaction amount, the two numbers are entered in the same currency, allowing for an accurate comparison.
References:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110451AN99BEF.htm
NEW QUESTION # 66
How will system evaluate the tolerances for expense reports?
- A. System will use absolute amount tolerance setup to do validations.
- 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 error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
- E. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
Answer: E
Explanation:
Error: A percentage is used to calculate an error. The error tolerance amount is calculated as follows:
Policy Rate * (1+Error Tolerance/100)
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm
NEW QUESTION # 67
A Payables supervisor wants to apply a prepayment to an invoice.
Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?
- A. Standard Invoice: Invoice Currency CAD, Payment Currency GBPPrepayment: Invoice Currency USD, Payment Currency AUD
- B. Standard Invoice: Invoice Currency USD, Payment Currency GBPPrepayment: Invoice Currency USD, Payment Currency AUD
- C. Standard Invoice: Invoice Currency USD, Payment Currency USDPrepayment: Invoice Currency CAD, Payment Currency CAD
- D. Standard Invoice: Invoice Currency USD, Payment Currency CADPrepayment: Invoice Currency CAD, Payment Currency CAD
Answer: B
Explanation:
You can pay a prepayment in a currency that's different from the invoice currency. To apply that prepayment to an invoice, the invoice must have the same invoice currency as the invoice currency of the prepayment.
NEW QUESTION # 68
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