Oracle 1z0 1055 - Unlocked

Oracle
1z0-1055
Oracle Financials
Cloud: Payables 2019
Implementation
Essentials
Version: 8.0
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[ Total Questions: 112]
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Certs Exam Oracle - 1z0-1055
Question #:1
The expense auditor has chosen to Request More Information for an expense report. Select two ways the
system processes this action. (Choose two.)
A. The expense report status remains Pending Payables Approval.
B. The expense report is routed back to the approvers.
C. The audit can be completed before the requested information is received from the employee.
D. The employee must resubmit the expense report.
Answer: A B
Explanation
To request more information for an expense report, select the Request More Information option from the
Actions menu in theheader of the Audit Expense Report page. The employee receives a notification that
includes the reason for the request, specific instructions, and any additional instructions from you. Selecting
the Request More Information action results in the following:
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAWDE.pdf
Question #:2
Your client company wants to ensure that the payments they are sending to their financial institution are valid
and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
A. Supplier Site
B. Payment Method
C. Payment Format
D. Payment Terms
E. Disbursement Bank Account
Answer: B
Question #:3
Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose
two.)
Pass with Valid Exam Questions Pool 1 of 56

A. A supplier can make changes to the invoice after submitting it.
B. A supplier can submit a single invoice against multiple purchase orders across different currencies and
organizations.
C. 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.
D. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not
fully billed.
E. A supplier can validate the invoice after submitting it.
Answer: A D E
Explanation
D: (not C): You can enter a credit memo against a fully billed purchase order (use negative quantity amounts
to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and
organization of all items on an invoice must be the same. The organization is the entity within the
buyer'scompany that you are invoicing.
IncorrectAnswers:
E: After you submit an invoice, you cannot change the invoice.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm
Question #:4
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
A. values that are organized into parent-child relationships
B. data that is metric and can be added up or aggregated
C. information about a business object with values that are dates, Ids or text
D. data that provides a measure of something
Answer: C
Question #:5
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 pays only $200 USD alone.

B. 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.
C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
D. 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.
Answer: B
Explanation
When you submit a "payment process request", you can enable the Apply credits up to zero amount payment
option. Enablingthe option causes the payment process to apply credits when the credits reduce the payment
amount below zero.
The following scenario illustrate the impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memofor 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply credits up
to 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_9F438E13CC89BA0CE040D30A68816F77
Question #:6
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for
bank reconciliation. (Choose two.)
A. Do not assign bank accounts to business units.
B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank
reconciliation.
C. Business units must be granted access to the bank account.
D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned
access.
E. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank
account by users and roles is No.

Answer: C D
Explanation
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate
application use or uses, one or more business units must be granted access before the bank account can be used
by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal
entity can be assigned access.
Question #:7
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose
three.)
A. Business Unit Name
B. Pay Group Lookup Code
C. Statistical Amount
D. Requester Name
E. Accounting Date
Answer: A B E
Question #:8
N NO: 46
An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts:
the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018
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, 2018
Pay Through Date = December 25, 2018
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 selected and a discount of $50 USD (the second discount) is applied.
B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount
option was enabled.
D. The installment is selected but no discount is applied because the payment date is after the discount
dates.
E. The installment is not selected because the first discount date is before the Pay Through Date.
Answer: C
Explanation
Discount Taken Amount is 150 USD. Although the Payment Date is after the discount dates, the first discount
is taken because the option Always take discount is enabled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
Question #:9
What is the result of voiding a payment?
A. A stop payment request has been initiated to the bank.
B. A bills payable payment was created but is not yet matured.
C. The payment is reconciled to the bank statement.
D. The payment is no longer valid.
Answer: D
Question #:10
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? (Choose two.)
A. For the Legal Jurisdiction, Legal function: “Generate intercompany invoice” should be assigned.
B. Schedule create accounting for the intercompany process.
C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany

D.
transactions to Payables.
E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany
transactions to Payables.
F. Manual Approvals should be allowed for the transaction type.
Answer: C E
Explanation
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm
Question #:11
You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to
audit expense reports for specific business units?
A. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set
Assignments page.
B. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using
the Manage Data Access for Users page.
C. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure
access to the business units.
D. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business
unit to the role.
Answer: B
Question #:12
You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
A. Needs Revalidation
B. Not Validated
C. Not Required
D. Imported
E. Validated
Answer: D

Explanation
After the import process builds the invoices, the invoices can be viewed, modified, and validated on the
Manage Invoices page.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A149B7BD08207B6DE040D30A68816335
Question #:13
A company makes the payment in a currency different from the invoice and ledger currency. What setup
options are required to make the cross currency rate type the default?
A. Manage Invoice Options and Manage common options for Payables and Procurement
B. Manage Payable Options and Manage Invoice Options
C. Manage Invoice Options and Manage Procurement agents
D. Manage common options for Payables and Procurement and Manage Procurement agents
E. Manage Payment Options and Manage common options for Payables and Procurement
Answer: B
Explanation
You can change the conversion rate type at invoice entry or payment creation time.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIPP/FAIPP1470345.htm
Question #:14
Which two statements are true related to configuration package? (Choose two.)
A. You can export and import the custom roles from Oracle Identity Manager.
B. You can export and import the allocation rules from the allocation manager.
C. You can export and import the approval rules from the approval management engine.
D. You can export and import selected business units.
E. You can export and import selected business object services.
Answer: A E
Question #:15

Which three reports are generated by the export setup data process? (Choose three.)
A. Exported Business Object Report
B. Process Results Report
C. Process Results Summary Report
D. Process Results Detail Listing Report
E. Setup Data Report
Answer: B C E
Question #:16
Which two statements are true about processing corporate card expenses? (Choose two.)
A. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
B. Usage policy for expense category tolerances does not apply to credit card expenses.
C. Card transactions will be paid directly from Expenses Cloud.
D. You can process payment for credit card using Electronic funds transfer, check, or wire.
E. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash
expenses.
Answer: A B
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
Question #:17

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. Invoice will not be processed.
B. The system will issue an error message after the approval has been initiated.
C. Invoice will be sent to User 1 for approval.
D. Invoice will be auto-approved.
Answer: A
Question #:18
How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
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 warning tolerance as Policy Rate * (1+Warning Tolerance/100).
E. System will use absolute amount tolerance setup to do validations.
Answer: C
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
Question #:19
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

A. In Transit
B. Cleared
C. Negotiable
D. Issued
Answer: D
Question #:20
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 specified a Business Unit in the parameters when running the extract.
C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
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
Question #:21
Which reports can show you differences between your subledger balances and general ledger balances to help
you reconcile quickly?
A. Payables to Ledger Reconciliation report
B. Payables Aging reports with the General Ledger Trial Balance report
C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
D. Payables Trial Balance and General Ledger Trial Balance reports
Answer: D

Explanation
Payables Trial Balance Report lists and subtotals by supplier and liability account all unpaid and partially paid
invoices thatPayables transferred to the general ledger. Accounts Payable Trial Balance Report helps to verify
that total accounts payable liabilities in Payables equal to those in the Fusion General Ledger.
References:
http://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-financials/fusion-financials-train
o-generate-trial-balance-report
Question #:22
You need to route invoices to three different approvers at the same time, and only one approver needs to
approve the invoice.
Which approval ruleset should you use?
A. SingleTypeParticipantInParallelModeRuleSet
B. FyiTypeParticipantInParallelModeRuleSet
C. InvoiceApprovalRuleSet
D. ParallelTypeParticipantInParallelModeRuleSet
Answer: D
Question #:23
Which three are valid reasons why you cannot close your Payables period? (Choose three.)
A. Bills payable requiring maturity
B. Unaccounted invoices and payments
C. Suppliers on payment holds
D. Unapplied prepayments
E. Incomplete payment files
Answer: C D E
Question #:24

Which is the Payables tool based on real-time data?
A. Essbase Cube
B. Smart View
C. Oracle Transactional Business Intelligence (OTBI)
D. Oracle Business Intelligence Applications (OBIA)
E. Oracle Financial Reporting (FR)
Answer: C
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
Question #:25
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the
Payables Integrated Imaging solution?
A. Manage Invoices page
B. C-level executives
C. Invoices Workarea only
D. Payables Dashboard only
E. Payables Dashboard and Invoices Workarea
Answer: C
Explanation
Accounts payable specialists can view the list of scanned images for invoice entry, along with the additional
routing attributes, in the Scanned Invoices region of the Invoices work area.
References:http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569958AN60E65.htm
Question #:26
Which attributes on the payables invoice can be used during approval rule creation?
A.

A. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
B. company and cost center segment only
C. supplier only
D. cost center segment and supplier only
Answer: A
Question #:27
When creating a check payment, from where is the payment document defaulted?
A. Legal Entity
B. Bank
C. Business Unit
D. Bank Account
E. Supplier
Answer: D
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.
Question #:28
What are the output formats supported for Electronic and Check format programs?
A. Electronic output format of XML, Check output format of rtf

B. Electronic output format of eText, Check output format of rtf
C. Electronic output format of Text, Check output format of Text
D. Electronic output format of DATA (csv), Check output format of Zipped PDFs
E. Electronic output format of PDF, Check output format of PDF
Answer: B
Explanation
The eText template is used specifically for electronic data interchange (EDI) and electronic funds
transfer(EFT).
References: https://docs.oracle.com/cd/E56614_01/common_op/OAEXT/F1203011AN1CABC.htm
Question #:29
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 Invoice options.
B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
C. Allow payee to override for third-party payments while Manage Invoice options.
D. Allow the remit-to supplier override for third-party payments at Manage Payment options.
Answer: B
Explanation
(Optional) Setting the Remit-to Supplier Override Option
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm
Question #:30
You want to customize the Payables Invoice Register template to only display invoices when the Supplier
name is Company A. Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?
A. Insert the syntax <?if:VENDOR_NAME= ‘COMPANY A’?> before the Supplier field on the template.
Then, enter the <?end if?> tag after the invoices table.
B. Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag

B.
</<?if:condition?>.
C. Insert the syntax <?if:’COMPANY A’?> before the Supplier field and then enter the closing tag
</<?if:COMPANY A?> after the invoices table.
D. Hard code Supplier Name “Company A” in the report template and only invoices for that supplier will
be displayed.
Answer: D
Explanation
Use an if statement to define asimple condition; for example, if a data field is a specific value.
Insert the following syntax to designate the beginning of the conditional area.
<?if:condition?>
Insert the following syntax at the end of the conditional area: <?end if?>.
References:https://isu.ifmo.ru/docs/XMLP/help/en_US/htmfiles/B25951_01/T421739T421743.htm
Question #:31
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 real-time transactions and those that are not, are based on
historical data.
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. There is no difference.
D. The “Real Time” subject areas are based on subledger transactions and the ones that are not are based on
general ledger balances.
Answer: B
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

Question #:32
You want your expense auditors to audit only expense reports for specific business units. How do you do this?
A. Create a custom duty role and assign the data roles to each auditor.
B. Create your own audit extension rules that correspond to the business unit.
C. Make auditors the managers of the corresponding business unit to route expense reports properly.
D. Assign the expense auditors job role and business unit security context and value to the user.
Answer: D
Question #:33
Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)
A. You must run the prepare Intercompany Reconciliation Reporting Information process.
B. 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.
C. The reports will show the intercompany receivable and the intercompany payable lines generated by the
intercompany balancing feature.
D. The reports will include Ledger balancing lines 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.
E. You can drill down on the links in the Period Summary report to view the balances by Intercompany
Organization.
Answer: B
Explanation
A (not C): The Reconciliation Period Summary report displays the intercompany receivables and
intercompany payables balances in summary for a period, and any differences between them.
D:Ledger balancing lines generated when the primary balancing segmentvalue is in balance but either the
second balancing segment or the third balancing segment is out of balance
Question #:34
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three
statements are correct? (Choose three.)
A. All related interest invoices are reversed if previously created.

B. Any previous accounting and payment records for an invoice are reversed.
C. All related withholding tax invoices are automatically voided.
D. Any realized gain or loss previously calculated is reversed.
E. Voiding the payment automatically places an invoice on hold.
Answer: A B D
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
Question #:35
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
A. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts
are submitted.
B. Users can maintain scanned receipts in a central repository and provide a reference number in the
expense report.
C. Receipts are not required if the expense item falls within Per Diem Rates.
D. An expense report may require original, imaged, or both types of receipts.
Answer: B D

Question #:36
You have created your first implementation project. You have assigned the Application Implementation
Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity
Management (OIM).
This issue is caused because you did not assign the ________.
A. Superuser role to your user
B. IT Security Manager role to your user
C. Application Implementation Manager role to your user
D. Line Manager role to your user
Answer: C
Explanation
For an implementation to begin, at least one user must be provisioned with the Application Implementation
Manager role, and another or the same user must be provisioned with the ApplicationImplementation
Consultant role. The Application Implementation Consultant has broad access to set up all enterprise
structures.
Question #:37
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? (Choose two.)
A. Users can maintain scanned receipts in a central repository and provide a reference number in the
expense report.
B. Receipts are not required if the expense item falls within Per Diem Rates.
C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
D. An expense report may require original, imaged, or both types of receipts.
Answer: C D
Explanation
Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification
process that generates overdue receipt notifications.

If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a
notification to the individual to inform him that receipts are overdue.
An expense report may require original, imaged, or both types of receipts.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
Question #:38
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 payment supplier site is different to the supplier site on the invoice.
B. The invoice is not yet due.
C. The invoice is not validated.
D. The payment method for the invoice is Electronic.
E. The invoice is not accounted.
Answer: B D
Question #:39
Which two statements are true about the Invoice Validation process? (Choose two.)
A. opens the relevant accounting period
B. validates project information
C. updates supplier balances
D. creates tax lines and distributions
E. creates accounting entries in draft
Answer: B D
Explanation
Invoice validations
Etc.

References: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
Question #:40
Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)
A. Prepayments were applied to the invoice.
B. An accounting entry has been created for the invoice.
C. The invoice is validated.
D. The invoice is fully or partially paid.
E. The invoice was adjusted by a credit or a debit memo.
Answer: A D E
Explanation
Why can't I cancel an invoice?
The invoice is:
Additional reasons thatyou can't cancel an invoice are as follows:
You can cancel any unapproved invoice, or an approved invoice that does not have anyeffective payments or
posting holds.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm#FAPPP1011878
Question #:41
You need to submit a 1099 report; your State format has changed slightly since last year. How should you
submit your 1099s for the State in the current year?
A. Manually enter the 1099s for the State and submit.
B. Generate a 1096 form and submit it instead.
C. Run and submit your 1099s because it will automatically reflect any changes.
D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
Answer: D
Question #:42

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to
audit expense reports for specific business units?
A. Use segment valuesecurity rules to secure access to business units.
B. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each
Expense Auditor.
C. Assign the Expense Auditor as the owner of each business unit.
D. Assign the Expense Auditor job roles to each auditor.
Answer: B
Explanation
You can enable expense auditors to audit expense reports for specific business units by assigning them specific
expense auditor data roles for the business units. For example, to allow an expense auditor toaudit expense
reports for the Vision Operations and Vision Services business units, assign the Expense Auditor Vision
Operations and Expense Auditor Vision Services data roles, respectively, to the expense auditor.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.ht
Question #:43
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. (Choose two.)
A. A payment that pays a prepayment that has been applied to an invoice.
B. A payment that has already cleared the bank.
C. A payment that has been accounted and posted to General Ledger.
D. A payment with the status of Issued.
E. A payment for an invoice with an associated Withholding Tax invoice.
Answer: A B
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

Question #:44
You are resolving payment validation errors during the payment build process. Which two actions can you
perform to resolve these errors?
A. Run the create accounting program.
B. Run the invoice validation program.
C. Remove the documents or payments causing the error and resume the payment process.
D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment
formats and submit resume payment process.
E. Terminate the payment process request.
Answer: C D
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.
Question #:45
What is the name of the Work Area that is used to access Functional Setup Manager?
A. Functional Work Area
B. Functional Setup Manager
C. Customization Manager
D. Setup and Maintenance
E. Customize Setup and Maintenance
Answer: D
Explanation
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm

Question #:46
While processing an expense report, the system placed a payment hold on the expense report. What are two
ways to release payment holds? (Choose two.)
A. The employee can manually release the hold.
B. Payables Manager can release payment holds in Payables.
C. The employee’s supervisor can manually release the hold.
D. The expense auditor can manually release the payment hold at his discretion.
E. Based on the receipt status, the Expenses program can automatically release the payment hold once it
detects that receipts are received or waived.
Answer: D E
Explanation
Payment holds are released in the following ways:
Question #:47
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit
card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi
expense by Visa that the one used by your company.
How do you handle this situation?
A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the
conversion rate settings and you do not violate the allowable limit.
B. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to
get a revised statement.
C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a
different conversion rate.
D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
Answer: C
Explanation
Payables uses five types of exchange rates. Payables uses exchange rates to convert invoice and payment
amounts into your ledger currency.

* User. Used to manually enter your own exchange rate during invoiceentry or at payment time. If you use the
User exchange rate type, if the Payables option Calculate User Exchange Rate is enabled, and if you are using
the Invoices window or the open interface table, then Payables calculates the invoice exchange rate if you
provide the Ledger Currency amount.
Etc.
Question #:48
Your client company has two business units and requires the Payables Specialist to process invoice
transactions for both business units.
What setup is required to achieve this?
A. a Self-Service Service Provider Model
B. a Dedicated Service Provider model
C. Business Unit Security
D. a Dedicated and Self-Service Service Provider Model
Answer: C
Question #:49
Identify three statements that indicate the purpose of Functional Setup Manager.
A. It allows you to centrally manage the close processes across subledgers and ledgers.
B. it allows you to assign setup tasks to individuals with due dates where users must manually update their
completion status.
C. It automatically marks the completion status of tasks as Completed once they have been completed.
D. It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
E. It provides a central place to access and perform all of the setup steps across the applications.
Answer: C D E
Explanation
With Oracle Fusion Functional Setup Manager you can:

References:https://docs.oracle.com/cd/E56614_01/common_op/OAFSM/F1166427AN1007E.htm
Question #:50
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 has been partially paid by another payment.
B. The invoice date is not in the current open period.
C. The invoice is already on hold.
D. The invoice accounting date is not in the current open period.
Answer: A
Question #:51
You have an invoice with a payment term that has the following settings:
• Day of Month = 15
• Cut off Day = 11
• Months Ahead = 0
• Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?
A. March 15th
B. January 15th
C. April 15th
D. February 15th
Answer: D
Question #:52
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 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 a list of approvers who review payments and make final payment decisions.
D. It defines when to initiate the payment approval process.
E. It determines which payments must go through the payment approval process.
Answer: B C D
Question #:53
You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post
the invoice to general ledger?
A. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it,
create accounting, and then open general ledger’s Manage Journals page and post the associated invoice
journal entry.
B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post
to Ledger option.
C. Enter and post a manual journal entry directly into the general ledger.
D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the
spreadsheet.
Answer: B
Question #:54
In what order should the import process be run when importing suppliers?
A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
B. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
D. any order
Answer: A

Explanation
The following programs are used to import supplier information:
When importing supplier records containing data in each table, then Suppliers must be run first, followed by
the Supplier Sites import process. Once the data is inserted, the following concurrent processes must be run to
create the information in Oracle Fusion Suppliers.
Suppliers Import Process
Supplier Sites Import Process
Supplier Site Contacts Import Process
Supplier Site Assignments Process
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm
Question #:55
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 accounting in draft mode
B. by changing the tax status to test and then entering a payables invoice
C. by creating a payable invoice, and by validating and reviewing the tax application
D. Oracle Transactional Business Intelligence (OTBI)
E. by using Tax Simulator to test
Answer: E
Explanation
Run taxes from all applicable tax regimes against a sample transaction to verify that your tax configuration and
tax rules were created and applied according to yourrequirements. You can either create a sample transaction
within Tax Simulator or copy an existing transaction. The simulated tax calculations do not affect live data.
Note:The Tax Simulator is a tool for simulating the tax determination process in your tax setup. The Tax
Simulator lets you preview the workings of your tax configuration before you perform tax calculations on live
transactions in a subledger application. TheTax Simulator also allows you to test new tax configuration in
conjunction with existing tax configuration to preview the resulting tax calculation. The Tax Simulator is a
useful tool to identify the root cause when tax calculation is not what is expectedon live data.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006654AN226D8.htm

Question #:56
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. Neither the invoice nor the credit memo are included in the payment process request because the credit
reduces the payment amount below zero.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. Both the invoice and credit memo are included in the payment process request for a payment amount of
$0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
D. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
Answer: C
Explanation
When you submit 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 illustrate the impact of this option.
An invoice for 200 USD and a credit memo for 225 USD are due for payment.
The following tabledescribes the payment processing that occurs based on the setting for the Apply credits up
to zero amount payment option.
Question #:57
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the
first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018

Date Basis = Due Date
What will be the resulting status of the installment and discount?
A. The installment is not selected because the discount dates are before the Pay Through Date.
B. The installment is selected and no discount is applied.
C. The installment is not selected because the due date is after the Pay Through Date.
D. The installment is selected and a discount of $50 USD is applied.
E. The installment is selected and a discount of $150 USD is applied.
Answer: C
Explanation
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm#FAPPP1011879
Question #:58
Which three attributes are captured during the scanning of invoice images?
A. Invoice Date
B. Invoice Number
C. Terms Date
D. PO Number
E. Payment Method
Answer: A B D
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
Question #:59
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. You cannot update the minimum transaction currency when intercompany currency is entered.
B. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice
options and receivable system options.
C. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
D. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or
provider.
E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
Answer: B 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
Question #:60
Your customer has requested a modification to the payment file to meet the acceptable bank standards. The
changes were based on a format of a seeded payment process profile which is already in use. The only changes
made are to the field positions. What two steps can make these changes work?
A. No change in the template is needed as we can achieve this using user-defined validations to move the
positions as required.
B. Keep the payment process profile and leave the format programs unchanged.
C. Copy and modify the existing template to alter the positions as requested by the bank.
D. Create a newpayment process profile and a new format program.
E. Create a new template to make changes as requested by the bank.
F. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
Answer: C E
Question #:61
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. Payable’s Automatic Offset
B. Intercompany Balancing
C. Subledger Accounting’s Account Rules
D. Suspense Accounts
E. Payables’ Allow Reconciliation Accounting
Answer: B
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
Question #:62
You want your expense auditors to audit only expenses reports for specific business units. How do you do
this?
A. Create your own audit extension rules that correspond to the business unit.
B. Assign the auditors’ specific data roles for the corresponding business units.
C. Create a custom duty role and assign the data roles to each auditor.
D. Make auditors the managersof the corresponding business unit to route expense reports properly.
Answer: B
Explanation
You can enable expense auditors to audit expense reports for specific business units by assigning them specific
expense auditor data roles for the business units. For example,to allow an expense auditor to audit expense
reports for the Vision Operations and Vision Services business units, assign the Expense Auditor Vision
Operations and Expense Auditor Vision Services data roles, respectively, to the expense auditor.
Question #:63
Select three reasons why you cannot close your Payables period. (Choose three.)
A. open intercompany transactions
B. unapplied prepayments
C. suppliers on payment holds
D. bills payable requiring maturity
E. unaccounted invoices and payments
Answer: A D E
Explanation

The types of exceptions reported are:
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DE8D32BDBE0FBADE040D30A688146CA
Question #:64
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. Validate the invoice in Payables.
C. Create a payment process request in Payments.
D. Create Accounting for the invoice in Payables.
Answer: C
Explanation
Oracle Fusion Expenses provides reimbursement functionality that ensures corporate card issuers and
employees are reimbursed for business expenses. Expenses uses Oracle Fusion Payables to process expense
reports for reimbursement. To reimburse card issuers and employees, the expense auditor runs the Process
Expense Reimbursement process and the corporate card administrator runs the process, Create Corporate Card
Issuer Payment Requests. After payment requests are created in Payables, corporate card issuers and
employees are paid by Oracle Fusion Payments.
Thisfigure shows the flow of data when the expense auditor runs the Process Expense Reimbursement
program.
Question #:65
A company has a requirement to default the disbursement bank account when submitting a Payment Process
Request.
Which actions will accomplish this? (Choose two.)
A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the
bank account.
B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
C. Define the Disbursement Bank Account to every supplier.
D. Create a Payment Process Request template that includes the Disbursement Bank Account.
E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.

Answer: D E
Explanation
D: You can assign thedisbursement bank account and the payment process profile to all documents payable in
the payment process request during the Submit Payment Process Request process. If you use a payment
process request template, a disbursement bank account and a payment process profile default from the
template.
DE:The following options affect payment processing:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
Question #:66
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced
receipts. Select two true statements. (Choose two.)
A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
B. For period end accruals, the invoice accounting debits the expense account and credits the liability
account.
C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability
account.
D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits
the uninvoiced receipts.
Answer: B C
Question #:67
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 region with country locale.
B. Create your template in the local language, then upload it to Business Intelligence (BI) under the
custom/payment folder under the templates region with English locale.
C. Create your template in the local language, then upload it to Business Intelligence (BI) under the
custom/payment folder under the templates region. Use English locale and generate the XLIFF file.
Then upload the file back under the translated region.
D.

D. Create your template in English language, then upload it to Business Intelligence (BI) under the
custom/payment folder, under the templates region. Use English locale and generate the XLIFF file.
Then upload the file back under the translated region.
Answer: D
Question #:68
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, an end date, and the accrual account for the prepaid expenses in the
invoice lines or distributions.
C. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or
distributions.
D. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
Answer: D
Question #:69
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the
supplier, and you decide to return the entire order. What should you do?
A. Cancel the invoice, which debits the liability and credits the expense.
B. Issue a credit memo, which will debit the liability and credit the expense.
C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits
the liability and credits the expense.
D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits
the liability and credits the expense.
Answer: D
Question #:70

You need to enter a high volume of users into the system. What is Oracle’s recommendation to do this?
A. Use the Enter a Supplier user interface and enter each user manually.
B. Use the Hire an Employee user interface and enter each user manually.
C. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users
into Cloud Applications.
D. use the spreadsheet of Oracle Identity Manager (OIM) to import users.
Answer: C
Explanation
If you have batch of users that have to be created, the Oracle team can bulk load the users into the OIM
Application.
References:http://docs.oracle.com/cd/E79623_01/rms/pdf/160C/html/admin_guide/tasks.htm
Answer:
Question #:71
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
A. Customers cannot use invoice imaging in the Cloud.
B. Customers scan and store the invoice images on-premise and attach them during invoice entry.
C. Customers ask their suppliers to scan and email the invoice.
D. Customers ask suppliers to send electronic invoices.
E. Customers scan the invoice on-premise and email the images.
Answer: C E
Question #:72
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. Voided
B. Negotiable
C. Stop initiated

D. Available
E. Canceled
F. Cleared
Answer: B
Explanation
To release a stop on a payment:
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm
Question #:73
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 and line levels
B. ability to enter a high volume of invoices via a spreadsheet
C. ability to correct errors and re-import invoices directly from a spreadsheet
D. identification of errors with clear error messages at the invoice header level only
E. ability to correct errors within the spreadsheet and send invoice corrections for approval
Answer: B C
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
Question #:74
You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight

charges of 100 USD. You would like the cost of the computer to include those freight charges.
How can you achieve this?
A. Choose Match to Receipt.
B. Enter the Invoice manually and add the freight line.
C. Choose to Match to Receipt Charges.
D. Choose to Match to Invoice Lines.
E. Choose to Match in full to the Purchase Order.
Answer: C
Question #:75
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
A. Invoices that are automatically created when the supplier creates an ASN for drop shipments
B. B2B XML invoices
C. Non purchase order matched invoices
D. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
E. Purchase order matched invoices
Answer: B D E
Question #:76
A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually
record each payment.
Which solution should you implement?
A. Create payments by using the Check Payment method for those suppliers and then destroy those checks.
B. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the
electronic file to the bank.
C. Create payments by using a clearing payment method for thosesuppliers because this payment method
does not generate a file.
D.

D. Create a payment by using a wire payment method for those suppliers.
Answer: D
Explanation
When you create a payment outside of Payables, for example, using a typed check or wire transfer, within
Payables you can record the payment and update the invoices that you paid.
Question #:77
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 for 12,000 and Credit Liability 12,000
B. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit
Rental Expense for 4,000 and Credit Prepared Expense for 4,000
C. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and thenOn Jan 31st, Debit
Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for
4,000 and Credit Prepared Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit
Prepared Expense for 4,000
D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Jan 10th, Debit
Rental Expense for 12,000 and Credit Cash for 12,000
Answer: C
Question #:78
Which component is not included in the security architecture for credit card data and bank account data
encryption?
A. Oracle Wallet
B. Supplier master encryption key
C. Sensitive data encryption and storage
D. Payments subkeys
E. Payments master encryption key

Answer: B
Question #:79
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. Employee advances
C. Supplier payments
D. Customer refunds
E. Ad hoc payments
Answer: A C D
Question #:80
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. four requisition business units
E. twelve business units per supplier
Answer: A
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

Question #:81
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
A. yes, by canceling the payment process from the process monitor
B. Cancel the invoice and create a new one.
C. yes, by voiding the payment created
D. yes, by creating a credit memo to offset the payment
E. no
Answer: E
Explanation
You cannot terminate a Payment Instruction:
Question #:82
Which reporting tool is used to report on real-time data?
A. Essbase Cube
B. Smart View
C. Oracle Business Intelligence Publisher
D. Oracle Financial Reporting Studio
E. Oracle Transactional Business Intelligence (OTBI)
Answer: B
Question #:83
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger?
(Choose three.)
A. Reconciliation Payment Details
B. Reconciliation Prepayment Application Details
C. Reconciliation Invoice Details

D. Reconciliation Invoice Hold Details
E. Reconciliation Invoice Request Details
Answer: A B C
Question #:84
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax
for this?
A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line
from these suppliers.
B. 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.
C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on
the Configuration Options tab.
D. 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.
Answer: A
Question #:85
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
A. Standard Invoice
B. Standard invoice request
C. Credit Memo
D. Supplier payment request
E. iSupplier Invoice
Answer: B
Explanation
Standard invoice request: An invoice submitted without a purchase order by a supplier through Oracle Fusion
Supplier Portal thatis pending review and approval by the appropriate persons within the deploying company.

References:https://docs.oracle.com/cd/E37583_01/doc.1116/e22897/F431919AN100ED.htm
Question #:86
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. Set the validation failure handling for payments to “show errors.”
D. Enable debug for the payment format program.
Answer: B
Question #:87
Which statement is true about selecting a bank account on the Create Payment page?
A. LE on the bank account should be different from the LE on the invoice.
B. Bank account must match the supplier’s bank account.
C. Users can pick any bank account as long as the bank account is tried to the business unit.
D. There is no relationship between the business unit, bank, and LE. Users can pick any bank account that
is setup in their system.
E. LE on the bank account should be equal to LE on the invoice.
Answer: E
Explanation
Note: LE = legal entity
Question #:88
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of
Reference Data Sets?
A. allow you to secure data by business unit
B.

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
Explanation
Reference Data Sets
You begin this part of your implementation by creating and assigning reference data to sets. Make changes
carefully as changes to a particular set affect all business units or application components using that set. You
can assign a separate set to each business unit for the typeofobject that is being shared. For example, assign
separate sets for payment terms, transaction types, and sales methods to your business units.
Your enterprise can determine that certain aspects of your corporate policy can affect all business units. The
remaining aspects are at the discretion of the business unit manager to implement. This allows your enterprise
to balance autonomy and control for each business unit. For example, your enterprise holds business unit
managers accountable for their profitand loss, but manages working capital requirements at a corporate level.
In such a case, you can let managers define their own sales methods, but define payment terms centrally. In
this example:
Each business unit has its own reference data set for salesmethods.
One central reference data set for payment terms is assigned to all business units.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL94314
Question #:89
Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
A. RTF
B. JPEG
C. TIFF
D. XLS
E. PNG
Answer: B C E
Question #:90

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
Question #:91
An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order.
You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense
which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?
A. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment

application has no impact on the Invoice.
B. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment

application - Dr AP Liability 8000 Cr Prepayment Account 8000.
C. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment

application - Dr Expense Account 8000 Cr Prepayment Account 8000.
D. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment

application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
Answer: A
Question #:92
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. 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.
B. Define a user validation at the format program to include: Field “Document pay group”, condition
“Equal to String”, and value “Domestic”.
C.

C. Modify your template to hard code the value “Domestic” for the pay group position.
D. 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.
Answer: B
Explanation
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
Question #:93
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However,
when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the
remit-to supplier name and address on the Invoice installments.
What is the reason for this?
A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice
Options page for the business unit.
B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common
Options for Payables and Procurement page for the business unit.
C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment
Options page for the business unit.
D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the
Disbursement System Options page for the business unit.
Answer: A

Question #:94
You have a high volume of invoices to enter that have similar lines and do not require extensive validation.
What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
A. Make sure the Invoice Number is the same.
B. Make sure all the invoice dates are the same.
C. Assign the same Invoice Header Identifier to multiple invoices you want to group.
D. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices
entered in the same spreadsheet.
E. Enter a value in the Invoice Group field to group similar invoices into a batch.
Answer: D
Explanation
What's an invoice group?
A collection of invoices that is used as a parameter for the Validate Payables Invoice process, a selection
criteria for submitting a payment process request, and a parameter in some reports. If you enable the invoice
option Require invoice grouping, you must associate each invoice with an invoice group.
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAPPP/F1011878AN100C4.htm
Question #:95
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 pay-through date is in a closed Payables period.
B. The pay-through date is in a future period.
C. The invoices need revalidation.
D. The invoice has not been accounted.
E. The installment was manually removed.
Answer: A C
Explanation
An installment can meet the selection criteria of a payment process request, yet not get selected for payment

for one or more reasons.
You can review installments that were not selected for payment, along with the reasons they were not selected,
on the Not Selected tab of the Review Installments page.
The reasons are as follows:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
Question #:96
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 change to February 28, 2018, the last day of the
next period.
C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
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
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
Question #:97
You want to route invoices to three different approvers at the same time and only one approver needs to
approve the invoice. Which approval ruleset should you use?
A. InvoiceApproversFYIParticipantInParallelMode
B. InvoiceApproversSingleParticipantInParallelMode
C. InvoiceApproversParallelParticipantInParallelMode
D.

D. Invoice Approvers
Answer: C
Question #:98
You have assigned additional roles to an existing user. However, the new roles are not appearing for the user
in their Navigator menu. What should you check?
A. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
B. Make sure you can query the user from the Manage Users page and verify the roles assigned.
C. Make sure you ran the Retrieve Latest LDAP Changes program.
D. Make sure the user logs out and logs back in.
Answer: C
Explanation
Oracle Identity Management maintains Lightweight Directory Access Protocol (LDAP) user accounts for
users of Oracle Fusion Applications. Oracle Identity Management also stores the definitions of abstract, job,
and data roles, and holds information about roles provisioned to users.
Most changes to user and role information are shared automatically by Oracle Applications Cloud and Oracle
Identity Management. No action is necessary to make this exchange of information happen.
However, you must run the processes Send Pending LDAP Requests and Retrieve Latest LDAP Changes to
manage some types of information exchange between Oracle Applications Cloud and Oracle Identity
Management.
References:https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1345802.htm
Question #:99
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the
purchase order?
A. The user needs to specify which payment term to use.
B. The payment term of the purchase order overrides the invoice payment term.
C. The payment term of the invoice overrides the purchase order payment term.
D. The purchase order payment term cannot be overridden.
E. The user needs to manually change the payment term on the invoice to match the purchase order

E.
payment term.
Answer: C
Question #:100
Your customer matches their invoices to a purchase order and have noticed that the payment terms are
defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
A. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
B. Enter the payment terms at the Supplier level so they default onto the invoice.
C. Enter the payment terms at the supplier site level so they default onto the invoice.
D. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
E. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
Answer: D
Question #:101
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 included in the Payment Process Request.
B. Neither the invoice nor the credit memo is included in the Payment Process Request.
C. Both the invoice and the credit memo are fully paid.
D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD
remaining.
Answer: A D
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.

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.
Question #:102
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 for your business unit.
B. You did not specify a default expense template.
C. Only cash transactions use those settings.
D. You did not define conversion rates in the General Ledger Cloud.
Answer: C
Explanation
Conversion rate behavior applies only to cash expenses, not to corporate card expenses.
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm
Question #:103
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
A. Terms Date
B. Payment Method
C. Invoice Date
D. PO Number

E. Invoice Number
Answer: C D E
Question #:104
What two job roles are required to access information within Functional Setup Manager? (Choose two.)
A. Application Implementation Manager
B. Any Functional User
C. Application Implementation Consultant
D. Functional Setup Manager Superuser
E. IT Security Manager
Answer: A C
Explanation
Provision the implementation user with the Application Implementation Manager job role or the Application
Implementation Consultant job role by usingthe Security Console Users tab.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
Question #:105
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. Monthly
C. Bimonthly
D. Biweekly
E. Annually
Answer: A B C

Question #:106
Which method can you use to route payment approval rules?
A. Approval Groups
B. Sequential
C. Both Parallel and Sequential
D. Parallel
E. Serial and FYI (For Your Information)
Answer: A
Question #:107
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? (Choose two.)
A. The invoices are placed on payment hold.
B. The status of each payment in the payment file is Terminated.
C. The status of the payment file is Terminated.
D. The status of each payment in the payment file is Cancelled and the related documents are available for
future selection.
E. The status of the payment file is Cancelled.
Answer: C D
Explanation
If the payment file has been terminated and the documents payable have been returned to the source product,
then the status of the Printed Payment File is Terminated.
Oracle Fusion Paymentsinforms the source product of the terminated documents payable. Then for each
payment in the payment file, Payments sets the status to Canceled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
Question #:108

You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the
applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up
taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
A. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% *
10,000-5000).
B. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the
invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line
tax amount and a prepayment tax line of -500 USD (10% * -5000).
C. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment
with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice
line tax amount and a prepayment tax line of -250 USD (5% * -5000).
D. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is
retained.
Answer: B
Explanation
When you apply a prepayment to an invoice, the tax rate at the time of prepayment may differ from the tax
rate at the time that the prepayment is applied to an invoice. Oracle Fusion Tax considers the tax calculated on
the prepayment according to the value assigned to the Applied Amount Handling option in the tax record. The
values are Recalculated and Prorated.
For example, you apply a prepayment amount of 5,000 USD to an invoice with a total amount of10,000 USD.
At the time of prepayment, the applicable tax rate was 5% (250 USD tax on the prepayment); at the time of
invoice creation, the applicable tax rate is 10%. Tax is calculated in this way:
* Recalculated: The tax is recalculated on the prepayment using the invoice tax rate and the same tax rate is
applied to the invoice line amount. The tax calculation creates two tax lines: one for the invoice line amount
and one for the prepayment with a negative amount. In the invoice example, the calculationcreates an invoice
line amount tax line of 1,000 USD (10% * 10,000 USD) and a prepayment tax line of -500 USD (10% * -5000
USD). This reverses tax calculated on the invoice for the prepayment amount applied. The tax calculated on
the prepayment is retained.
* Prorated:Etc.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006655AN242EE.htm
Question #:109
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected
for payment processing.
What are the two possible reasons for this? (Choose two.)

A. The pay-through date is in a closed Payables period.
B. The invoice has not been accounted.
C. The invoice requires approval.
D. The pay-through date is in a future period.
E. The invoice needs re-validation.
Answer: C E
Question #:110
Which invoice types can be included in the Create Payment flow?
A. Standard, Credit Memo and Debit Memo
B. Standard, Credit Memo and Customer Refund
C. Standard, Credit Memo, and Invoice Request
D. Standard, Debit Memo and Customer Refund
Answer: A
Question #:111
You need to have an invoice line automatically distributed across multiple cost centers. For example, you want
your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this. (Choose two.)
A. Configure Subledger Accounting rules to allocate costs.
B. Define a distribution set and assign it manually to the invoice.
C. Choose the ‘All Lines’ option from the Allocate menu in the invoice line area.
D. Define a distribution set and assign it to the supplier.
Answer: A B
Explanation
A: Account Rules by Segment

Define segment rules to derive a specific segment of the general ledger account. For example, a particular
segment like the company segment can be determined from the distribution account. Another segment can be
determined with the use of a constant value. Creating the account one segment at a time offers greater
flexibility, but also requires more setup.
C: You can use a Distribution Set to automatically enter distributions foran invoice when you are not matching
it to a purchase order. For example, you can create for an advertising supplier a Distribution Set that allocates
advertising expense on an invoice to four advertising departments.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/distsets.htm
Question #:112
Which job role has full access to perform all Functional Setup Manager related activities?
A. Application System Administrator
B. Any Functional User
C. Functional Setup Manager Superuser
D. IT Security Manager
E. Application Implementation Consultant
Answer: E

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A. The expense report status remains Pending Payables Approval.

B. The expense report is routed back to the approvers.

D. The employee must resubmit the expense report.

Where would you suggest the validations are set?

E. Disbursement Bank Account

Pass with Valid Exam Questions Pool 1 of 56

A. A supplier can make changes to the invoice after submitting it.

E. A supplier can validate the invoice after submitting it.

E: After you submit an invoice, you cannot change the invoice.

A. values that are organized into parent-child relationships

B. data that is metric and can be added up or aggregated

D. data that provides a measure of something

A. The payment process request pays only $200 USD alone.

Pass with Valid Exam Questions Pool 2 of 56

The following scenario illustrate the impact of this option.

Credit Amount Greater Than Invoice Amount

Assume that the “Apply Credits Up to Zero Amount” option is enabled.

A. Do not assign bank accounts to business units.

C. Business units must be granted access to the bank account.

Pass with Valid Exam Questions Pool 3 of 56

A. Business Unit Name

B. Pay Group Lookup Code

You submit a Payment Process Request with the following criteria:

Payment Date = December 5, 2018

Pay Through Date = December 25, 2018

Date Basis = Pay Date

Always Take Discount option is enabled

What will be the resulting status of the installment and discount?

Pass with Valid Exam Questions Pool 4 of 56

What is the result of voiding a payment?

A. A stop payment request has been initiated to the bank.

B. A bills payable payment was created but is not yet matured.

C. The payment is reconciled to the bank statement.

D. The payment is no longer valid.

B. Schedule create accounting for the intercompany process.

Pass with Valid Exam Questions Pool 5 of 56

F. Manual Approvals should be allowed for the transaction type.

Pass with Valid Exam Questions Pool 6 of 56

B. Manage Payable Options and Manage Invoice Options

C. Manage Invoice Options and Manage Procurement agents

D. You can export and import selected business units.

E. You can export and import selected business object services.

Pass with Valid Exam Questions Pool 7 of 56

A. Exported Business Object Report

B. Process Results Report

C. Process Results Summary Report

D. Process Results Detail Listing Report

E. Setup Data Report

C. Card transactions will be paid directly from Expenses Cloud.

Pass with Valid Exam Questions Pool 8 of 56

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.

A. Invoice will not be processed.

C. Invoice will be sent to User 1 for approval.

D. Invoice will be auto-approved.

How will system evaluate the tolerances for expense reports?

B. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency

D. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

E. System will use absolute amount tolerance setup to do validations.

Policy Rate * (1+Error Tolerance/100)

What is the status of the payment?