NEW QUESTION 1
When creating a check payment, from where is the payment document defaulted?

• A. Legal Entity
• B. Back Account
• C. Bank
• D. Business Unit
• E. Supplier

Answer: C

NEW QUESTION 2
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 choose the “Apply Credits Up to Zero Amount” option when submitting a Payment Process Request?

• A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
• B. Both the invoice and the credit memo are fully paid.
• C. Neither the invoice nor the credit memo is included in the Payment Process Request.
• D. Both the invoice and the credit memo are included in the Payment Process Reques

Answer: B

NEW QUESTION 3
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

• A. Invoices Workarea only
• B. Payables Dashboard and Invoices Workarea
• C. Payables Dashboard only
• D. Manage Invoices page
• E. C-Level executives

Answer: A

Explanation:
Reference: https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007C.htm

NEW QUESTION 4
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 5
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 6
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 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
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. An expense report may require original, imaged, or both types or receipts.
• C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
• D. Receipts are not required if the expense item falls within Per Diem Rates.

Answer: BC

Explanation:
Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm#F688791AN1 2A7A

NEW QUESTION 9
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 the accrual account for the prepaid expenses in the invoice lines or distributions.
• B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
• C. You must provide a start date and an end date 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: B

NEW QUESTION 10
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 11
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. Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables.
• B. For the Legal Jurisdiction, Legal function “Generate intercompany invoice” should be assigned.
• C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
• D. Manual Approvals should be allowed for the transaction type.
• E. Schedule create accounting for the intercompany process.
• F. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

Answer: A

Explanation:
Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm

NEW QUESTION 12
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 when to initiate the payment approval process.
• D. It determines which payments must go through the payment approval process.
• E. It defines a list of approvers who review payments and make final payment decision

Answer: BCE

NEW QUESTION 13
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 14
You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?

• A. allow you to secure data by business unit
• B. allow you to assign multiple business units to users in a shared service center
• C. allow you to maintain sets of related data in a Data Dictionary
• D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Answer: D

NEW QUESTION 15
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 Cancelled and the related documents are available for future selection.
• C. The status of the payment file is Cancelled.
• D. The status of the payment file is Terminated.
• E. The status of each payment in the payment file is Terminate

Answer: DE

NEW QUESTION 16
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. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
• B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
• C. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
• D. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 US
• E. The credit memo is partially paid with a remaining credit of $25 USD.

Answer: D

NEW QUESTION 17
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 applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
• B. 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.
• C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
• D. The payment process request pays only $200 USD alon

Answer: D

NEW QUESTION 18
What is the invoice type of an unapproved, unmatched invoice that was created in Fusion Supplier Portal?

• A. iSupplier Invoice
• B. Credit Memo
• C. Standard Invoice
• D. Standard invoice request
• E. Supplier payment request

Answer: D

Explanation:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011878AN100C1.htm

NEW QUESTION 19
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 a payable invoice, and by validating and reviewing the tax application
• B. Oracle Transactional Business Intelligence (OTBI)
• C. by changing the tax status to test and then entering a payables invoice
• D. by using Tax Simulator to test
• E. by creating accounting in draft mode

Answer: D

NEW QUESTION 20
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 21
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 22
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 differenc

Answer: B

NEW QUESTION 23
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 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
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 26
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