NEW QUESTION 1
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 2
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2021 if the invoices with a Hold status have an invoice date of January 20, 2021?

• A. The accounting dates of all unaccounted invoices will change to February 28, 2021, the last day of the next period.
• B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2021.
• C. The accounting dates of all unaccounted invoices will be changed to February 1, 2021, the first day of the next period.
• D. The accounting dates of all unaccounted invoices will be changed to February 20, 2021, the same day of the next period.

Answer: C

NEW QUESTION 3
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. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
• B. Set the intercompany system option minimum transaction amount of $3,000 USD.
• 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 $2,999.99 US

Answer: BC

NEW QUESTION 4
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 error tolerance as Policy Rate * (1 + Warning Tolerance + Error Tolerance/100).
• D. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency precision.
• E. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).

Answer: C

NEW QUESTION 5
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 6
An installment for $1,000 USD is due for payment on January 10, 2021. 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 not selected because the first discount date is before the Pay Through Date.
• B. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
• C. The installment is selected but no discount is applied because the payment date is after the discount dates.
• D. The installment is selected and a discount of $50 USD (the second discount) is applied.
• E. The installment is selected and a discount of $200 USD ($150 + $50) is applie

Answer: B

NEW QUESTION 7
Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

• A. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
• B. A supplier can validate the invoice after submitting it.
• C. A supplier can make changes to the invoice after submitting it.
• D. 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.
• E. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

Answer: BE

NEW QUESTION 8
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 9
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 12,000 and Credit Liability for 12,000and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
• B. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
• C. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
• D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability for 12,000

Answer: A

NEW QUESTION 10
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 is routed back to the approvers.
• B. The employee must reply to the notification before the reimbursement process can continue.
• C. The employee must resubmit the expense report.
• D. The expense report status remains Pending Payables Approva

Answer: CD

NEW QUESTION 11
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 assigned a Financial Category of Accounts Payable to all your liability natural account values.
• C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
• D. Make sure you specified a Business Unit in the parameters when running the extrac

Answer: A

NEW QUESTION 12
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

• A. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
• B. Payables to Ledger Reconciliation report
• C. Payables Aging reports with the General Ledger Trial Balance report
• D. Payables Trial Balance and General Ledger Trial Balance reports

Answer: B

NEW QUESTION 13
Which two statements are true when you are using the Intercompany Reconciliation Process?

• A. Transaction Summary Report will show only transactions with status received.
• B. The reconciliation period summary report will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
• C. 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.
• D. You must run the Extract Intercompany Reconciliation Data job.
• E. 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.

Answer: BD

NEW QUESTION 14
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 in the General Ledger Cloud.
• B. Only cash transactions use those settings.
• C. You did not define conversion rates for your business unit.
• D. You did not specify a default expense templat

Answer: B

NEW QUESTION 15
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. The system will issue an error message after the approval has been initiated.
• B. Invoice will not be processed.
• C. Invoice will be sent to User 1 for approval.
• D. Invoice will be auto-approve

Answer: B

NEW QUESTION 16
Which three types of payments can you make if you have access to Disbursement Process Management Duty?

• A. Supplier payments
• B. Ad hoc payments
• C. Employee advances
• D. Customer refunds
• E. Reimbursement of employee expense reports

Answer: ADE

Explanation: Reference: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D6BD.htm

NEW QUESTION 17
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. Create Accounting for the invoice in Payables.
• C. Validate the invoice in Payables.
• D. Create a payment process request in Payment

Answer: D