Oracle Financials Cloud: Payables 1Z0-1055 (157-315)

Which three are sections of the News Feed Home Page Layout? (Choose three). Analytics. Things to Finish. Notifications. Infolets. Employee News. News and Announcements.

When using the Panel or Banner layout as your home page, in which part of the user interface would you find the Favorites and Recent Items icons?. Page Section. Global Area. Infolets page. Process Monitor Section. Task Panel.

The User Interface page is divided into various components that include: (Choose three). Setup and maintenance. Panel Tabs. Infolets. Section. Global Area.

Which of the following options are related to setting up language in user preferences? (Choose three). Employee News. Default Language. Language by Role. Current session language. Display name language.

In Oracle Payables, which of the following are Invoice types? (Choose three.). Standard. Debit Memo. Prepayment. Refund Expense Report.

Invoices entered using the Supplier Portal are categorized as?. Manual. Automated Invoices. Self Service Invoices. Electronic Invoices.

Payment Terms can consist of one or more installments, and installments can have discounts. Up to how many discounts can installments have?. Unlimited. 2. 3. 4.

What is the correct definition of a Payment Request?. A request from Oracle Expenses or Oracle Receivables to disburse funds to a payee that is not a supplier. An advance payment to a supplier. A request for payment of interest on overdue invoices for a supplier. A payment to a tax authority for Withholding Tax.

What does the red-colored slice in the Recent infotile indicate about the invoices? (Choose two.). Needs Revalidation. Canceled. Not Validated. Validated.

The Payables Manager has asked if it is possible to schedule the Payment Process Requests. What is your response?. You can schedule a Payment Process Request if you are using a Payment Process Request Template. It is not possible to schedule a Payment Process Request. You can schedule a Payment Process Request if you enable the scheduling option on the bank account. You can only schedule Payment Process Requests where the payment method is Electronic.

You are about to void a payment for an invoice and would like the invoice status to be Unpaid after the void. What option would you choose from the Actions menu?. None. Available. Cancel. Release Payment.

What role is needed to be able to create a supplier?. IT Security Manager. Supplier Administrator. Supplier Manager. IT Administrator.

Suppliers are used in which of the following functional areas? (Choose three.). General Ledger. Payables. Procurement. Receivables. Payments.

Which of the following statements are true for Suppliers? (Choose two.). Suppliers are part of the Trading Community Model. Suppliers are assigned to a Business Unit. Suppliers are global entities. Suppliers are assigned to a Legal Entity.

Which of the following actions can you perform using the Invoice Actions button? (Choose three.). Cancel Invoice. Copy Invoice. Reverse Payment. Validate. Manage Holds.

You have confirmed the payments in a payment file and realize that one of the payments is incorrect. What are your options?. Cancel the payment process request. Void the payment that has issues. Undo the confirmation of the payments, remove the incorrect payment, and resume the payment process request. Terminate the payment process request.

Supplier sites are assigned to which type of Business Unit?. Procurement. Invoicing. Payables. Payment. Requisitioning.

Each month you have a number of invoices that need to be coded to the same General Ledger account code combination. These invoices are not being matched to a Purchase Order. How could you default the code combination onto the invoice?. Use a Distribution Set. Use Autoaccounting. Use an Invoice Line Set. Use Autoapply.

Which of the following are selection criteria for a payment process request? (Choose four). Date Basis. Business Unit. Invoice Type. Pay Groups. Document Number. Supplier Type.

What is the prerequisite for running the Payables to General Ledger reconciliation report?. The Payables period must be open. The Subledger to General Ledger reconciliation report should be submitted first. There is no prerequisite. The report will fetch and display appropriate data. The Prepare Payables to General Ledger reconciliation program should be submitted first.

What does the Unaccounted Transactions and Sweep process do? (Choose two.). Sweeps unaccounted transactions to the next period. Enables you to close the period. Sweeps transactions that are unaccounted or have accounting errors to the next period. Sweeps unaccounted transactions to the last day of the next period.

Invoice validation performs which of the following tasks? (Choose four.). Calculates withholding taxes. Checks for advances paid to the supplier. Applies holds where applicable. Sends the invoice for approval. Checks variance and tolerance limits. Calculates taxes.

The "Payables to Ledger Reconciliation Report" is used for: (Choose two.). Listing all invoices entered in Payables in a particular period. Listing all journals entered in General Ledger. Listing the journals posted to the General Ledger for open Payables balances. Facilitating the reconciliation of accounting and transactional data recorded in Payables and Subledger Accounting.

In Payables, online accounting can be run in which of the following modes? (Choose two.). Intermediate. Initial. Draft. Final. Post to Ledger.

Which of the following reports can be used for reconciling Payables activity in a particular period? (Choose five.). Supplier Outstanding report. Payables Posted Invoice Register. Payables Open Items Revaluation report. Payables Posted Payment Register. Payables to General Ledger Reconciliation report. Create Accounting Process. Payables Trial Balance report.

What type of predefined reports are available in Payables? (Choose two.). Oracle Business Intelligence Publisher Reports. Smart View Reports. Oracle Transactional Business Intelligence Reports. Financial Studio Reports.

Which match type do you need to choose to create a matching rule to match a bank statement line to many system transactions?. Detail to Summary. One to Many. Many to One. Many to Many.

Which two will Cash Management transfer to General Ledger when running the Create Accounting process?. Payments. Payroll Payments. Bank Charges. Receipts. Interest.

Which of the following options are available for defining tolerance rules? (Choose three). Percentage. Date. Amount. Conversion Rate.

Which of the following is an Oracle Transactional Business Intelligence report?. Cash to General Ledger Reconciliation Report. Bank Statement Analysis Report. Bank Statement Report. Cash in Transit Report.

Which tab in the bank account page do you use to assign an automatic reconciliation rule set?. Matching. Control. Reconciliation. General.

What expense item information can an auditor adjust in a specific report if data is not compliant with company policy? (Choose 4). Reimburseable amounts. Expense Types. Validate payment requests. Delegations. Itemizations. Accounting entries.

When you submit an expense report, it is routed to approvers who are notified and required to approve the expense report. Which application is used to configure expense. BPA Worklist Application. BPM Worklist Application. PPR Worklist Application. EPM Worklist Application.

What are the implementation options for Expenses? (Choose three). Implement with Financials. Implement with Human Capital Management. Implement with Procurement and Sourcing. Implement with Taleo. Implement as a stand-alone application.

Cards are organized by their status in the expenses work area. Which cards will be displayed next, after the create expense report card?. Cards that require action. Cards that are in progress. Cards in approval. Cards that are paid.

Which three are expense policy categories?. Accommodations. Travel. Mileage. Incidental Expenses. Car Rental.

XYZ Ltd. has three legal entities with three business units which share the same chart of accounts and expense types. How many Expense Templates will you create?. one template per business unit. one template per legal entity. one template for all legal entities. one template for all business units.

Which of the following are enabled for expenses using the Expenses System Options page? (Choose three). setting the default expense account for a business unit. allowing attachments to expenses. displaying descriptive flexfields for an expense report. enabling the use of policies for expenses. marking expenses as recurring in the Create Expenses page.

XYZ Ltd, a global company, is issuing corporate credit cards to its employees. As per company policy, after making a transaction using the card, an employee needs to pay all the expenses related to corporate transactions and later get them reimbursed from the company. Which option do you think the company should implement?. None of these. Individual Pay. Company Pay. Both Pay. All of these.

What choices are available for setting an expense as recurring? (Choose three). Yearly. Quarterly. Biweekly. Monthly. Weekly.

A delegate is someone who submits expense reports on your behalf. Where would you see the reports that have been submitted and require your review?. in the Expense Reports Infotile - In Progress. in the Expense Reports Infotile - Delegate Expenses. in the Expense Reports Infotile - In Approval. in the Expense Reports Infotile - Requires Action.

When navigating to expenses, which page are you directed to if you do not have any expense reports or expense items entered?. Product Tour Page. Welcome Springboard. Travel and Expenses Work area. Expenses Infotiles.

A company, XYZ Ltd, has a policy where employees are not required to submit a receipt for meals less than $25. At what level should this policy be implemented to fulfill this requirement?. Expense Template Level. System Option Level. Business Unit Level. Expense Type Level.

When setting up Expenses, a default expense account is assigned to the employee record. Where else can you assign a natural account for expenses?. Expense Policy. Expense Report Template. Expense Item. Expenses System Options.

RAM Ltd. wants to implement a mileage rate policy based on the grade, job location, vehicle type, and distance an employee can travel in a year. What are the rate determinant setups that need to be performed in order to enable this mileage policy?. Role, Fuel Type, Location, Distance, and Vehicle Category. Role, Distance, Geographic Location, Vehicle Category, and Vehicle Type. Vehicle Category, Fuel Type, Vehicle Type, Location, and Role. Role, Location, Vehicle Type, and Distance.

Where would you limit the number of expense reports an employee can submit in a month?. Expenses System Options. Expense Audit List Rule. Expense Report Template. Business Unit.

ABC Ltd. supplies workers to XYZ Ltd. The workers are marked as contingent workers in XYZ Ltd. What are the key setups required in order to process payment to a contingent worker once they incur expenses? (Choose three). Supplier and supplier site must be registered in the system. In the Human Capital Management application, user setup with Contingent worker type is required. The contingent worker must be assigned the All Users Role. Default Payment method must be assigned at the Contingent worker level. Associate the contingent worker with the supplier.

What is created for employee expenses in Payables once the Process Expense Reimbursements and Cash Advances program has successfully completed?. an Expense Report. an Invoice. a Prepayment. a Payment Request.

At what stage are expense reports eligible to export for reimbursement by a third-party?. when they are awaiting approval. when they are audited. when they are approved. when they are submitted and audited. when they are submitted and approved. when they are approved and audited.

Which of the following statements are true for a Tax Classification code. (Choose two). The tax classification code is setup in Payables for expenses. The tax classification code determines the tax amount and how the tax is calculated. The tax classification code is associated with an expense type or expense item. The tax classification code is associated with the employee record.

When the payment data from the third-party is uploaded into Expenses and the Update Expense Report Status process is run, what is the updated status of the expense reports?. Paid. Ready for Payment Processing. Exported. Paid by Third-Party. Exported for Payment Processing.

Where is the third party expense report data exported to?. BPM - Business Process Management. UCM - Universal Content Management. EPM - Expense Process Management. PRM - Payment Request Management. POI - Payables Open Interface.

XYZ Ltd. makes payments through a third-party application and are not using Corporate Cards. Which process should be run to export the required data from Expenses and transfer it to the third-party application?. Create Incentive Payment Batch. Create Corporate Card Issuer Payment Requests. Process Expense Reimbursements and Cash Advances. Create Card Issuer Invoices. Process Trip Expense Report.

What is created in Payables for the contingent worker expenses once the Process Expense Reimbursements and Cash Advances program has successfully completed?. a Payment Request. an Invoice. an Expense Report. a Prepayment.

When an expense report is initially rejected with a reason for the rejection and then subsequently fixed, how do you process the rejected expense for payment?. Process Rejections for Payment. Process Expense Reimbursements for Payment. Process Revalidation for Rejections. Process Expense Reimbursements and Cash Advances.

In Expenses, where are expense report payment requests and invoices displayed?. Payments page. Expense Processing page. Auditing page. Invoicing page.

Which of the following are valid statuses for an expense report after processing? (Choose three). Ready for Payment Processing. Invoiced. Cash Advance. Partially Paid. Paid.

ABC wants to integrate the travel portal of a third party into its system. Which of these are mandatory setups? (Choose two). Schedule the Import Travel Itinerary Process. Enable automatic creation of trip-based expense reports. Define itinerary validation rules. Assign Travel Administrator.

Which methods can be used to create expenses on a mobile device? (Choose three). Voice Recordings. Calendar Entries. Geographic Location. Receipt Images.

In Expenses, who monitors imported itineraries and resolves itinerary data errors. Travel Agent. Travel Administrator. Travel Manager. Travel Partner.

If a mobile expense line item is not displayed in the Submit Expenses screen, what information may be missing to make them ineligible? (Choose three). Justification. The expense type requires itemization. Description when a description is required by the applicable Business Unit. Tax fields are required for the expense item. Project and Task information for a project user when project information is required.

The expense report you submitted through your mobile device has passed all validations. What will the status of the expense report be?. Validated. Pending Manager Approval. Saved. Approved. Automatically Approved.

In Expenses, if you enable automatic creation of expense reports from business trips, what options will you have? (Choose three). Automatically After Trip. User Initiated. Automatic Travel Expense. Expense Report Initiated. Expense Processing.

ABC Ltd. is planning to enable expense report submission through mobile devices. What are the additional setup activities that need to be performed to enable this?. Log a service request with support to enable Integration Tier. None of these. Enable the Mobile Option at the System Option level. No additional setups are required.

ABC Ltd. has enabled the booking site-specific URLs option. What site assignments need to be set? (Choose two). Employment. Country. Travel Policy. Cost Center. Business Unit.

A manager wants to create ad hoc reporting on expenses incurred by the company. In order to achieve this, he requires data from the Employee Expense Overview Real Time and Expense Transactions Real Time subject areas. From which work area will he be able to find these subject areas?. Financial Reporting Center. All of these. Smartview. Report and Analytics.

An expense manager wants to create ad hoc reports for Expenses. Which roles should be assigned? (Choose three). Expense Transactions Transaction Analysis Duty. OTBI Author Role. OTBI Analysis Duty. Expenses Summary Transaction Analysis Duty. BI Analysis Duty. BI Author Role.

Which subject area should be selected to configure detailed reporting at expense report, line, and distribution level. Employee Expense Report Real Time. Expense Distribution Transactions Real Time. Employee Expense Overview Real Time. Expense Transactions Real Time. Expense Line Transactions Real Time.

A manager wants to review expenses quarterly by Business Unit and Expense category and compare this with previous quarters. Which subject area should be selected?. Expense Distribution Transactions Real Time. Expense Line Transactions Real Time. Employee Expense Overview Real Time. Employee Expense Report Real Time.

What three products are part of oracle fusion cloud financials?. Ost management. Accounts receivable. General ledger. Self-service procurement. Fixed assets.

Which three features are available from the home page of the oracle help center?. Links to support site. List of help topics by task. Links to apis and schema. Links to the new features. Links to customer connect.

Which three of the following items will affect your setup decisions when implementing oracle fusion cloud financials?. Fiscal and company reporting requirements. Industry. Geographical locations. Hiring of database administrators. Social media sites.

What three family names are used to group the products available as part of oracle fusion cloud apps?. Financials. Logistics. Procurement. Customer innovation. Supply chain management.

Where would you find the infolets if you are using the news feed layout as a home page?. In the analytics sections. In the page control dots section. Things to finish. Task panel. In the apps section.

You want to designate another user to sign to the app and perform tasks on your behalf. Which general preference area would you select?. Expense preferences. Watchlist. Accessibility. Proxies. Regional.

From which three homepage layouts can administrators choose. Breadcrumb. Panel. News feed. Banner. Navigation bar.

Which three of the following tabs maybe there in the panel. Setup and maintenance. Search. Task. Social network. Reports.

In oracle fusion financials cloud, the task panel search is used to search within__. The entire cloud app. The work area currently being used. The internet. The offering related that page.

In set user preferences, which three of the following options are related to setting up the language?. Display name language. Language by role. Default language. Current session language.

In what part of the user interface would you finde the favorites and recen items icon?. Global area. Process monitor section. Page section. Infolets page. Task panel.

What three actions can you perform when configuring table columns. Delete columns. Rename columns. Hide or show any of the available columns. Reorder the columns. Adjust the width of the columns.

Where do you navigate to set user preferences. Task panel. Tools. Configuration. Things to finish. Settings and actions menu.

What are three ways of accessing implementation tasks in functional setup manager?. Using getting stared. Using the fsm infolet. Using the fsm search feature. Using an implementation project. Using the functional area.

What two predefined job roles are required to access information within functional setup manager?. Application implementation manager. System administrator super user. Functional setup manager. IT manager. Application implementation consultant.

Which two activities can you perform after creating an implementation project functional setup manager?. Define new functional areas. Assign tasks to users. Assign due dates to tasks. Request new features.

Which two statements are true about the rapid implementation task list. It includes all optional setup task. It includes setups steps that are required by most user. It includes all 900 plus setup tasks. It is used to streamline setup configuration to focus on critical setup steps.

Which two options does the functional setup manager offer for setup data migration?. Migrate setup data using the ETL tool. Migrate setup data from offering and functional areas. Migrate setup data from implementation projects. Migrate setup data manually.

What are three ways of accessing implementation tasks in functional setup manager. Using the functional area. Using getting started. Using the FSM search feature. Using a implementation project. Using the FSM infolet.

Is the following statement true or false: audit history is enabled by default and requires no configuration to use. True. False.

Which three of the following prepackaged reports can be downloaded o reviewed online from the setup and maintenance page?. Associated functional areas. Related enterprise applications. Associated features. Related business functions. Related business objects.

Setup data can be exported from one instance and imported into another. What is the name of the object that is used for importing the data?. A configuration package. An export package. A setup data package. An import package.

What three job roles are predefined to access functional setup manager?. Application implementation consultant. Application implementation administrator. Functional setup manager. It manager. Application implementation manager.

Which of the three following fields can be used in usr name generation rules?. Location. FirstName.LastName. Email. Person number. Lastname.department.

In terms of data security, which of the three following data objects are examples of data scopes (Security Contexts)?. Reference data sets. Business units. Legal entities. Asset books. Suppliers.

What is the difference between a job role an a duty role?. There are predefined job roles, but you are required to create duty roles. A job role and a duty role are the same. A duty role represents the job you hire a worker to perform. whereas a job role represents a group of tasks belong to a job. A job role represents the job you hire a worker to perform, whereas a duty role represents a groups task that belong to a job.

Which two of the following statements about a duty role are true?. Duty roles represent logical groups o task that are performed in a job. A duty role cannot inherit aggregate privileges. Duty roles are not assigned directly to users. You cannot create custom duty roles.

Which role do you need to be provisioned with to access the security console?. Billing manager. Security console administrator. It security manager. Application implementation consultant.

Which three tasks can be completed by using the security console?. Configure offerings. Lock or unlick user accounts. Define password policies. Personalize the home page for a user. Create user defined roles.

Shelly wants to create her own security role for a financial auditor. What three functions of the security console could be helpful in role creation?. Comparing role. Copying role. Merging roles. Editing role. Purging and archiving roles.

When defining the enterprise structure, divisions are considered structure, division are considered optional If required, in what two ways can they be configured?. As sales departments. As a reporting hierarchy of cost centers. As location addresses. As segment in the chart of accounts with a natural account segment label. As a segment in the chart of accounts with a second balancing segment.

Which four enterprise structure objects have been used to model the vision company?. Primary ledgers. Business units. Operating units. Legal entities. Headoffice. The enterprise.

Which three of the following actions does the manage geographies task contain?. Geography topography. Geography distances between locations. Geography hierarchies. Geography structures. Geography validations.

Which three of the following geography types are included in the vision geography structure designed for the USA?. Zip code/postal code. State. Province. Town. Country.

Which of the following objects need geographical information?. Validate addresses. Sales territories. Financial reports. Calculate taxes. Applied receipts.

If you are to implement fixed assets and expenses what chart of accounts label is no longer optional?. Second balancing segment label. Cost center label. Local label. Third balancing segment label. User-defined label.

Your company is required to report using US GAAP practice an international financial reporting standard (IFRS). What is the minimum number of ledgers that you would need to configure. Two (a secondary ledger and a reporting currency). Three (a primary, reporting currency, and secondary ledger). One (a primary ledger). Two (a primary ledger and a second ledger).

Which of the following are predefined reference data sets?. Common and LE. Enterprise and Shared. Enterprise and Collection. Enterprise and Common.

XYZ company would like to have a central payment function at their US headquarters. In which of the following ways can this be achieve? (choose two). Use data access sets associated with the BU. Use BU security. Use reference data sets associated with the BU. Use the service provider model. This is not possible as a BU can only process their own transaction.

In the payment services model, what is a BU that works solely as an outsourced payment processing unit known as?. Outsourced. Self service. Self-service outsourced. Dedicated. Self-service and dedicated.

which of the following segment labels are required if you are implementing GL, Assets and Expenses?. Balancing Segment and Natural Account. Balancing Segment, Natural Account and Cost Center. Balancing Segment, Natural Account and Cost Center and Intercompany. There are not required segments labels.

which of the following is true for an Enterprise in Oracle Financials Cloud? (choose three). Has LEs that incur transactions in subledgers by BU. Only has one LE. Has LEs that are represented by Balancing Segment Values in the Chart of Accounts. Consists of LEs under common control and management.

You are Implementing Oracle Financials Cloud and plan to go live at the end of the current year. You have been asked to recommend the start date for the Accounting Calendar. What will your recommendation be. Have the start date as one period before the star date of your ledger. You can have any star date as it can be changed once you start using the system if necessary. Have the start date a full year before the start date of your ledger. Have the star date of the calendar the same as the star date of your ledger.

How many balancing segments can be defined for a Chart of Accounts?. One. Three. Two. zero.

What would you use to enable the sharing of setup data, for example, Payables Payment Terms across. A data access set. A ledger set. A legal entity set. A reference data set.

You notice that the deployment status of the accounting flexfield is edited. What is the reason of this? (choose two. Changes have been made to the structure, structure instance or values sets. The flexfield definition has not been deployed. The flexfield has been deployed to a sandbox. The flexfield has been modified through a patch. The deployment attempt failed.

Identify the different ways in which Legal Entities can be associated to the ledgers (choose two). LEs have no relationship to a Ledger. One LE to many Ledger. One LE to one Ledger. Multiple LEs to one Ledger.

Which of the following are supported bank statement formats in Oracle Financials Cloud (choose Three). ISO20020. SWIFT MT940. EDIFACT FINSTA. IBAN. IFCS.

Default distribution for the Liability, Prepayment, and Bills Payable accounts can be defined at multiple places. Which of the followings statements is true about the source of default distributions that takes precedence, when creating an invoice?. Default distribution for Liability, Prepayment and Bills Payables defined at Suppliers Site level take precedence over others. Default distributions for Liability, Prepayment and Bills Payables defined at BU level take precedence over others. Default distribution for Liability, Prepayment, and Bills Payables defined at the ledger level take precedence over others. Default distribution for Liability, Prepayment, and Bill Payables defined at Supplier level take precedence over others.

Identify the main components to configure Payment System connectivity (choose three). Invoice group. Disbursement payment file format. Distribution set. Transmission configurations. Payment systems.

When using payment method defaulting rules, based on which conditions can a payment method default onto a transaction document? (choose two). Business Unit. Bank Account. Ledger. Payee Locations.

You have a requirement to have all Payment process Request for a particular bank account approved before the payments are sent to Suppliers. What are the necessary steps to enable this?. Enable payment approval in the Manage Invoice Options and defined approval rules. Enable payment approvals for the required bank account and define approval rules. Enable payment approval in the disbursement system options and define approval rules. Enable payment approval for suppliers in the Procurement Options and define approval rules.

You would like Payables to automatically balance invoice and payment distributions that cross primary balancing segment values. What would you enable to achieve this. Intercompany accounting. Self-Billing Functionality. Automatic Offsets. Suspense Accounting.

Which of the following can be set as the accounting date basis for invoices? (choose three). Goods Received or Invoice Date. Invoice Date. System Date. Discount or Due Date.

You have created a payment term and want to be able to use it in all of your business units. What must be done in order to achieve this?. Assign it to legal entities that the BUs belongs to. Assign it to the reference data sets associated with each BU. Assign it to the Enterprise Reference data set. Assign it to the Common reference data set as these values will be seen by.

Which tool is used to create Payment File Formats. BI publisher. Smart view. Financial Reporting Studio. OTBI.

You have an organization in the UK that has one LE and four BUs. Three of the BUs must use the same tax setups, but the other BUs is exempt from VAT. How would you configure your Regime to allow this option. Create one regime but choose Common Configuration with Party Override as the configuration option. Create a separate regime for the business unit that is exempt of VAT. Create one regime but choose Parent First Party with Part Overrides as the configuration option. Create one regime but choose Party Specific Configuration as the configuration option. Create one regime but choose Common Configuration as the configuration option.

Identify the correct statements with regard to Supporting References. (choose Three). Supporting Reference balance are transferred to GL during the create accounting process. Supporting references are mandatory. Supporting Reference are used to store additional source information about a subledger journal entry. Supporting References can calculate or maintain a balance. Supporting References balances are not transferred to the GL.

XYZ Corporation wants to retrieve the Cost center segment value based on Supplier Type. Which of the following would you use to achieve this?. Ledger Set Rule. Description Rule. Mapping Set. Supporting Reference.

Which is the appropriate level to share tax content among LEs and BUs. Tax Status. Tax Jurisdiction. Party Tax Profile. Tax regime.

Identify the four groups that Tax Determining Factors fall into. Party, Product, Place, and procedure. Principle, Product, Place, and Process. Party, Product, Platform, and Process. Party, Product, Place, and Process.

In Oracle Tax, organizations that provide services that are exempt from VAT should set Tax Recovery Rate as: 0%. 100%. 50%. Depends on tax jurisdiction.

Which of the following task are optional when defining Oracle Tax (choose two). Manage Tax Rules. Manage Party Tax Profiles. Manage Tax Statuses. Manage Tax Regimes. Manage Tax Rates.

Which of the following elements are required for an Accounting Method? (choose three). Journal Entry Rule Sets. Mapping Sets. Account Rules. Journal line rules. Supporting References. Description Rules.

Journal Line Rules can be used with subledger Journal Entry Rules, which have the same: Status. Event type. Event class. Chart of account.

Which of these is the category in which invoices entered using the Supplier Portal fall?. Electronic invoices. Automated invoices. Manual. Self Service Invoice.

In oracle Payables, which of the following are invoice Types (choose three). Prepayment. Expense report. Debit memo. Standard. Receipt.

What is the correct definition of a payment request?. A request from Oracle Expenses or Oracle Receivables to disburse funds to a payee that is not a supplier. An advance payment to a supplier. A payment to a Tax Authority for Withholding Tax. A request for payment of interest on overdue invoices for a supplier.

Which tasks are performed by invoice validation (choose four). Calculates withholding taxes. Sends the invoices for approval. Calculate taxes. Checks for advance paid to the supplier. Applier holds where applicable. Check’s variance and tolerance limits.

Which of the following statements are true for suppliers (choose two). Suppliers are assigned to a business Unit. Suppliers are part of the trading Community Model. Suppliers Cannot be shared across Bus. Suppliers are global entities.

You have a requirement to change the payment method for an invoice. Where would you make that change?. Installments. Lines. Header. distributions.

You need to enter a Supplier and have found that you do not have access to the supplier setups. You have the relevant Supplier roles assigned to your user. What are you missing?. You need to be defined as a Procurement Agent. You need to be defined as a Supplier Requester. You need to have the System Administrator assigned. You need to be defined as a buyer.

You have an invoice that requires immediate payment, but it is awaiting approval. Assuming the relevant setup has been completed what option, can you choose to enable payment of this invoice?. Cancel Approval. Waive Approval. Suspend Approval. Override Approval. Force Approval.

In Oracle Cash Management, bank account names must be unique across: Legal entities. Uniqueness is not required. The system. Business units.

In Oracle Cash Management, which of the following are examples of Matching Tokens? (choose three). END. LITERAL. X. START. CHARACTER.

In Oracle Cash Management, if no date or amount tolerance is defined in the Bank Statement Reconciliation Tolerance Rules, then: For reconciliation, the date or amount requires an exact match. Reconciliation would assume an exact match for date, but takes the default tolerance for amount. Reconciliation would take the default tolerance for date and exact match for amount. Reconciliation would take the default tolerance for both date and amount.

In Oracle Cash Management, what does the “Cash To General Ledger Reconciliation Report” do. Lists the transactions that reconciled in Cash Management, but are not accounted in GL. Lists all transactions that are accounted in GL and are reconciled in Cash Management. Lists the transactions that are accounted in GL, but aren’t reconciled in Cash Management. Lists the transactions that are reconciled in Cash Management and are accounted in GL, but with amount differences outside of defined tolerance.

You are trying to assign a business unit to a bank account, but you cannot see the required business unit in the list of values. What are the possible reasons for this? (choose two). The business unit does not have the payables business function. The business unit does not have the cash management business function. You do not have access to that specific business unit. The business unit does not use the same ledger as the legal entity that owns the bank account.

In Oracle Cash Management, the same bank account can be assigned to which applications (choose three). Procurement. Payroll. Payables. General ledger. receivables.

Bank statement transaction codes are the internal codes that used in bank statement lines to identify type of transaction. Which of the following statements are correct with regard to “transaction codes” (choose two)?. transactions codes are used on Parse Rule Sets, bank Statement Transaction Creation Rules, and bank Statements. You cannot edit predefined bank statement transaction codes. Transaction codes are typically alphanumeric. When you create a bank transaction code, it will be available for all bank accounts.

In Oracle Cash Management, which of the following statements is true with respect to bank accounts. Bank accounts are owned by business units. Bank accounts are independent of legal entities and Business Units. Bank accounts are owned by ledgers. Bank accounts are owned by Legal Entities.

In the scanned infotile, the invoice are grouped in which of the following categories by days (choose three). 15+. 8-10. 8-14. 0-7.

What type of reports can you find in Payables (choose two). Payables Reporting Tool Reports. Smart view Analysis. Oracle Transactional business Intelligence Analysis. Financial Reporting Studio Reports. BI Publisher Reports.

Which if the following subject areas will you use for real time distribution information for prepayments applied to standard invoices. Payables Invoices-Transactions Real Time. Payables Invoices- Prepayment Applications. Payables Invoices-Prepayment Applications Real Time. Payables Invoices-Transactions.

The “Payables To Ledger Reconciliation Report” is used for: (choose two). Listing all journals entered in General Leder. Facilizing the reconciliation of accounting and transactional data recorded in Payables and Oracle Fusion Subledger Accounting. Listing the journal posted to the general ledger for open balances. Listing all invoices entered in Payables in a particular.

Listing all invoices entered in Payables in a particular. Scanned. Recent. Import errors. Unaccounted. Holds.

Oracle Payables provide reports for which of the following areas? (choose six). Prepayments. Invoices. Payments. Bank information. Income tax and withholding. Payment method. Period close. Payables to ledger reconciliation.

A Payment Process Request was submitted. Subsequently, the user realized that there are some errors in the payment file. The payment process was terminated by terminating the payment file. Which three statements are true?. The application sets the status of the payment file to terminated. The application sets the status of the payment file to Canceled. The application sets the status of each payment in the payment file to Canceled. The application sets the status of each payment in the payment file to terminated. The application informs the source product of the terminated documents payable, unlocks the documents, and resets their status so that the documents are available for future selection.

A company has a requirement to default the disbursement bank account during the payment process request. Which two actions will accomplish this?. Create a payment Process Request template with the disbursement bank account so that it becomes the default. Define the Disbursement Bank Account at the user level; the payment process derives the disbursement hank account associated with the user. Define the Disbursement Bank Account at the Business Unit level; the payment process derives the disbursement hank accounts based on the business unit. Define the Disbursement Bank Account in the Payment Method; the payment process derives the disbursement bonk accounts based on the Payment Method. Define the Disbursement Bank Account in the Payment Process Profile; the payment process derives the disbursement bank accounts based on the Payment Process Profile.

What is the status of invoice when they are interfaced from FBDI. Never Validated. Not Validated. Validated.