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NEW QUESTION 46
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. Subledger Accounting's Account Rules
- B. Intercompany Balancing
- C. Suspense Accounts
- D. Payable's Automatic Offset
- E. Payables' Allow Reconciliation Accounting
Answer: D
Explanation:
Explanation
If you do not enable Automatic Offsets, Payables records the invoice liability using the liability account on the invoice, which defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm
NEW QUESTION 47
Which three attributes are captured during the scanning of invoice images?
- A. Payment Method
- B. Invoice Date
- C. Terms Date
- D. PO Number
- E. Invoice Number
Answer: B,D,E
Explanation:
Explanation
For Payables invoice processing, PO number, supplier, invoice number, invoice amount, invoice date, customer taxpayer ID, and business unit are extracted as part of the predefined configurations.
This figure shows the Scanned information tileon the Invoices landing page.
References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm
NEW QUESTION 48
How will system evaluate the tolerances for expense reports?
- A. System will use absolute amount tolerance setup to do validations.
- B. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
- C. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
- D. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
- E. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
Answer: D
Explanation:
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 49
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 remain unchanged at January 20, 2018.
- C. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
- D. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
Answer: D
Explanation:
Explanation
Run the Payables Unaccounted Transactions Sweep program to transfer unaccounted transactions from one accounting period to another. If your accounting practices permit it, use this program to change the accounting date of the transactions to the next open period.
The program transfers unaccounted transactions to the period you specify by updating the accounting dates to the first day of the new period.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011880AN1B948.htm
NEW QUESTION 50
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
- A. Modify your template to hard code the value "Domestic" for the pay group position.
- B. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value
- not applicable. - C. Define a user validation at the formatprogram to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired. - D. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", and value "Domestic".
Answer: D
Explanation:
Explanation
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
NEW QUESTION 51
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 is already on hold.
- B. The invoice has been partially paid by another payment.
- C. The invoice date is not in the current open period.
- D. The invoice accounting date is not in the current open period.
Answer: B
NEW QUESTION 52
Which two are classified as Self-Billed invoices? (Choose two.)
- A. Evaluated Receipt Settlement (ERS) Invoices
- B. Debit Memos created by the Return to Supplier feature
- C. Invoices entered through the Supplier Portal
- D. Invoices created using Integrated Imaging
- E. Customer Refunds initiated from Receivables
- F. Expense Reports transferred from Expenses
Answer: A,C
Explanation:
Explanation
Select ERS and Use in the Transaction source parameter when running the Pay on Receipt Auto-invoice concurrent program.
You enable paying your supplier by selecting a method on the Purchasing tab of the Supplier Sites window in Oracle Payables.
NEW QUESTION 53
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
- A. Voiding the payment automatically places an invoice on hold.
- B. All related withholding tax invoices are automatically voided.
- C. Any previous accounting and payment records for an invoice are reversed.
- D. All related interest invoices are reversed if previously created.
- E. Any realized gain or loss previously calculated is reversed.
Answer: C,D,E
Explanation:
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 54
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 level only
- B. ability to correct errors and re-import invoices directly from a spreadsheet
- C. ability to enter a high volume of invoices via a spreadsheet
- D. identification of errors with clear error messages at the invoice header and line levels
- E. ability to correct errors within the spreadsheet and send invoice corrections for approval
Answer: B,C
Explanation:
Explanation
A: You can fix the interface table data using the Correct Import Errors spreadsheet and resubmits the import process.
E: Consider using the spreadsheetto:
Expedite high volume invoice entry for simple invoices that don't require extensive validation.
Create invoices with similar lines.
Maximize the use of spreadsheet features, such as copy and paste, or hide and unhide.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm
NEW QUESTION 55
Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy? (Choose three.)
- A. It defines a list of approvers who review payments and make final payment decisions.
- B. It allows approvers to review payments and decide whether or not to approve a payment.
- C. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
- D. It determines which payments must go through the payment approval process.
- E. It defines when to initiate the payment approval process.
Answer: A,C,E
NEW QUESTION 56
Which is the Payables tool based on real-time data?
- A. Smart View
- B. Essbase Cube
- C. Oracle Financial Reporting (FR)
- D. Oracle Business Intelligence Applications (OBIA)
- E. Oracle Transactional Business Intelligence (OTBI)
Answer: E
Explanation:
Explanation
Oracle Transactional Business Intelligence (OTBI) provides real-time insight into HCM business processes.
Traditional ad-hoc reporting tools require a user to have an understanding of the data objects in the database.
References:http://www.oracle.com/us/products/applications/fusion/hcm-oracle-transactional-bi-ds-2187697.pdf
NEW QUESTION 57
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
- B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
- C. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
- D. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
Answer: A,B
NEW QUESTION 58
You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.
What is the resulting payment amount made to the employee for these expenses?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
Explanation
Company Pay: Your company pays the corporate card issuer for all transactions.
NEW QUESTION 59
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. twelve business units per supplier
- E. four requisition business units
Answer: A
Explanation:
Explanation
A supplier is modeled as a global entity, meaning it is not created within a business unit or any other organizational context. A procurement business unit establishes a relationship with asupplier through the creation of a site which maintains internal controls for how procure to pay transactions are executed with the supplier. The other entities of the supplier profile capture mostly external information that is provided by the supplier, such as taxidentifiers, addresses, contact information, and so on.
References:https://docs.oracle.com/cd/E51367_01/procurementop_gs/OAPRC/F1007476AN106E5.htm
NEW QUESTION 60
Which reporting tool is used to report on real-time data?
- A. Smart View
- B. Essbase Cube
- C. Oracle Business Intelligence Publisher
- D. Oracle Financial Reporting Studio
- E. Oracle Transactional Business Intelligence (OTBI)
Answer: E
NEW QUESTION 61
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 fully paid.
- B. Neither the invoice nor the credit memo is included in the Payment Process Request.
- C. Both the invoice and the credit memo are included in the Payment Process Request.
- D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
Answer: C,D
Explanation:
Explanation
When yousubmit a "payment process request", you can enable the Apply credits up to zero amount payment option. Enabling the option causes the payment process to apply credits when the credits reduce the payment amount below zero.
The following scenario illustratethe impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memo for 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits upto zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F7
NEW QUESTION 62
What is the difference between subject areas that append the word "Real Time" and those that do not?
- A. There is no difference.
- 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 subledger transactions and the ones that are not are based on general ledger balances.
- D. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
Answer: B
Explanation:
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 63
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 invoice is not accounted.
- B. The invoice is not yet due.
- C. The invoice is not validated.
- D. The payment supplier site is different to the supplier site on the invoice.
- E. The payment method for the invoice is Electronic.
Answer: B,C
NEW QUESTION 64
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: C
NEW QUESTION 65
When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?
- A. Assignment to multiple sets with common values allowed
- B. Assignment to one set only with common values
- C. Assignment to one set only; no common values allowed
- D. Assignment to multiple sets; no common values allowed
Answer: D
Explanation:
Explanation
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method.
NEW QUESTION 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. Canceled
- B. Available
- C. Stop initiated
- D. Voided
- E. Cleared
- F. Negotiable
Answer: F
Explanation:
Explanation
To release a stop on a payment:
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm
NEW QUESTION 67
You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The decision is to use this feature.
How do you enable the feature?
- A. Set Enable Oracle Maps to yes in the expenses system options.
- B. Set Enable Oracle Maps to yes in the expense report template.
- C. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
- D. Set Enable Oracle Maps to yes in the expense mileage policies.
Answer: D
Explanation:
Explanation
Create a mileage policy, optionally include a commute deduction rule, and then assign the mileage policy to an expense type to activate the policy.
NEW QUESTION 68
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