IT Certification Guaranteed, The Easy Way!

Exam : 1z0-961

Title : Oracle Financials Cloud:

Payables 2017
Implementation Essentials

Vendor : Oracle

Version : V12.35

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 IT Certification Guaranteed, The Easy Way!

NO.1 You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit
amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount
payment, then how will the invoice and credit memo be paid?
A. Both the invoice and the credit memoare selected and the Payment Process Request requires
attention.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. Neither the invoice nor the credit memo are included in the payment process request because the
creditreduces the payment amount below zero.
D. Both the invoice and credit memo are included in the payment process request for a payment
amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
Answer: D D

NO.2 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: D B

NO.3 When creating a check payment, from where is the payment document defaulted?
A. Legal Entity
B. Back Account
C. Bank
D. Business Unit
E. Supplier
Answer: C B

NO.4 Your company wants to generate intercompany transactions in USD but only if the amount
involved is $3,000 USD or more. Which two intercompany system options are valid?
A. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver
or provider.
B. Set the intercompany system option minimum transaction amount of $3,000 USD.
C. Intercompany invoices will be generated for the minimum accountable amount set at the payable
invoice options and receivable system options.
D. You cannot update the minimum transaction currency when intercompany currency is entered.
E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
Answer: B,C B,C

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 IT Certification Guaranteed, The Easy Way!

NO.5 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 than 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
theconversation rate settings and you do not violate the allowable limit.
B. Overwrite the conversion rate with the one Visa provided and enter a justification that
Visa used a different conversion rate.
C. Use the corporate-defines conversion rate even if itmeans you will not be reimbursed fully.
D. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then,
wait to get a revised statement.
Answer: AC

NO.6 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
thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF
file. Then upload the file back under the translated region.
B. Create your template in the local language. then upload it to Business Intelligence (BI) under
thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF
file. Then upload the file back under the translated region.
C. 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.
D. Create your template in local language. then upload it to Business Intelligence (BI) under the
custom/payment folder under the templates region with country locale.
Answer: A A
Explanation:
Reference https://docs.oracle.com/cd/E21764_01/bi.1111/e13881/T527073T559221.htm

NO.7 What is the difference between subject areas that append the word "Real Time" and those
that do not?
A. The "Real Time" subject areas are based on subledger transactions and the ones that are not are
based on general ledger balances.
B. The "RealTime" subject areas are based on real-time transactions in the applications, and those
that are not, are based on data stored in the Oracle Business Intelligence Applications data
warehouse.
C. The "Real Time" subject areas are based on real-time transactions and those that are not, are
based on historical data.
D. There is no difference.
Answer: BB

NO.8 You have created an approval rule as follows:

Rule 1: If the invoice amount > $1000, route it to User 1.

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 IT Certification Guaranteed, The Easy Way!

Rule 2: If the invoice amount < $1000, auto approve it.

Now, the user creates an invoice for $1000 and routes it for approval. What will happen?
A. The system will issue an error message after the approval has been initiated.
B. Invoice will not be processed.
C. Invoice will be sent to User 1 for approval.
D. Invoice will be auto-approved.
Answer: BD

NO.9 In what order should the import process be run when importing suppliers?
A. any order
B. Supplier,Supplier Site, Supplier Site Contacts, Supplier Site Assignments
C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
Answer: BB
Explanation:
Reference https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007476.htm

NO.10 You entered an invoice of 12,000 and paid it for Office Supplies. The payment was never
received by the supplier, and you decide to return the entire order. What should you do?
A. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which
debits the liability and credits the expense.
B. Issue a credit memo, which will debit the liability and credit the expense.
C. Cancel the invoice, 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 D

NO.11 What happens if a company runs the Payables Unaccounted Transactions Sweep program for
February 2016 if the invoices with a Hold status have an invoice date of January 20,
2016?
A. The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of
the nextperiod.
B. The accounting dates of all unaccounted invoices will remain unchanged at January 20,
2016.
C. The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day
of the next period.
D. The accounting dates of all unaccounted invoices will be changed to February 20, 2016, the same
day of the next period.
Answer: A C

NO.12 The Accounts Payable Manager voided a foreign currency payment due to insufficient funds.
Which three statements are correct?
A. Voiding the payment automatically places an invoice on hold.
B. Any previous accounting and payment records for an invoice are reversed.

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 IT Certification Guaranteed, The Easy Way!

C. Any realized gain or loss previously calculated isreversed.

D. All related withholding tax invoices are automatically voided.
E. All related interest invoices are reversed if previously created.
Answer: B,D,EB,C,E

NO.13 An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What
are the two outcomes if you choose the "Apply Credits Up to Zero Amount" option when submitting
a Payment Process Request?
A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100)
USD remaining.
B. Both the invoice and the credit memo are fully paid.
C. Neither the invoice nor the credit memo is included in the Payment Process Request.
D. Both the invoice and the credit memo are included in the Payment Process Request.
Answer: B A,D

NO.14 Your company policy requires that receipts be attached to expense report items before
reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?
A. Users can maintain scanned receipts in acentral repository and provide a reference number in the
expense report.
B. An expense report may require original, imaged, or both types or receipts.
C. Expenses do not create payment requests for expense reports that have missing or overdue
receipts.
D. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: B,CA,B
Explanation:
Referencehttps://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B
.htm#F688791AN12A7A

NO.15 An installment for $1,000 USD is due for payment on January 10, 2016. The installment has
two discounts: the first discount date is December 5, 2015 for $150 USD and the second discount
date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria;
- Payment Date = December 5, 2015
- Pay Through Date = December 25, 2015
- Date Basis = Pay Date
- Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
A. The installment is not selected because thefirst discount date is before the Pay Through
Date.
B. The installment is selected and a discount of $150 USD is applied because the Always
Take Discount option was enabled.
C. The installment is selected but no discount is applied because the payment dateis after the
discount dates.

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 IT Certification Guaranteed, The Easy Way!

D. The installment is selected and a discount of $50 USD (the second discount) is applied.
E. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
Answer: B B

NO.16 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 thepayment 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: D,ED,E
Explanation:
Referencehttps://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

NO.17 A company has a requirement to default the disbursement bank account when submitting a
Payment Process Request.
Which two actions will accomplish this?
A. Define the Disbursement Bank Account to every supplier.
B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
C. Assign the Disbursement Bank Account to users to have the payment process default the bank
account.
D. Create a Payment Process Request template that includes the Disbursement Bank Account.
E. Define the Disbursement Bank Account at the business unit level to have the payment process
derive the bank account.
Answer: B,DB,D

NO.18 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. one business unit per supplier
B. four requisition business units
C. three procurement business units
D. five sold-to business units
E. twelve business units per supplier
Answer: AC

NO.19 You have successfully processed the expense reports for reimbursement and have
transferred the information to Payables. What is the next step before you can pay them?
A. Transfer the data to General Ledger.
B. Create Accounting for theinvoice in Payables.
C. Validate the invoice in Payables.
D. Create a payment process request in Payments.

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 IT Certification Guaranteed, The Easy Way!

Answer: D C

NO.20 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 Payable Options and Manage Invoice Options
B. Manage Payable Options and Manage common options for Payables andProcurement
C. Manage Invoice Options and Manage common options for Payables and Procurement
D. Manage common options for Payables and Procurement and Manage Procurement agents
E. Manage Invoice Options and Manage Procurement agents
Answer: B B

NO.21 You have 10 ledgers and 30 business units and want to leverage Reference Data Sets.
What is the function of Reference Data Sets?
A. allow you to secure data by business unit
B. allow you to assign multiple business units to users in a shared service center
C. allow you to maintain sets of related data in a Data Dictionary
D. allow you to share reference data, such as payment terms, across multiple business units to avoid
redundant setup
Answer: DD

NO.22 What is the result of voiding a payment?

A. The payment is reconciled to the bank statement.
B. The payment is no longer valid for payment.
C. A stop payment request has been initiated to thebank.
D. A bills payable payment was created but is not yet matured.
Answer: BB

NO.23 You created a payment and before it is cashed by the supplier you mistakenly submitted a
request to stop payment. Later you canceled the request to stop payment. What is the resulting
payment status?
A. Canceled
B. Stop initiated
C. Negotiable
D. Available
E. Voided
F. Cleared
Answer: F C

NO.24 Which dashboard or workarea displays the Scanned Invoices region for invoices processed
through the Payables Integrated Imaging solution?
A. Invoices Workarea only
B. Payables Dashboard and Invoices Workarea
C. Payables Dashboard only

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 IT Certification Guaranteed, The Easy Way!

D. Manage Invoices page

E. C-Level executives
Answer: A A
Explanation:
Referencehttps://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007
C.htm

NO.25 Select three statements about the submission of invoices by suppliers using Supplier
Portal.
A. A supplier can submit a single invoice against multiple purchase orders across different currencies
and organizations.
B. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that
are not fully billed.
C. A supplier can validate the invoice after submitting it.
D. A suppliercan submit a single invoice against multiple purchase orders, provided the currency and
organization for all the invoice items are the same as those on the purchase orders.
E. A supplier cannotmake changes to the invoice after submitting it.
Answer: B,D,EB,D,E
Explanation:
Referencehttps://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm

NO.26 The expense auditor has chosen to Request More Information for an expense report.
Select two ways the system processes this action.
A. The expense report is routed back to the approvers.
B. The employee must reply to the notification before the reimbursement process can continue.
C. The employee must resubmit the expense report.
D. Theexpense report status remains Pending Payables Approval.
Answer: C,DB,C

NO.27 Identify two ways the invoice imaging solution works in the Cloud.
A. Customers scan the invoice on-premise and emailthe images.
B. Customers cannot use invoice imaging in the Cloud.
C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
D. Customers ask their suppliers to scan and email the invoice.
E. Customers ask suppliers tosend electronic invoices.
Answer: A,BA,D

NO.28 What are the two advantages of using a spreadsheet for correcting invoice import errors?
A. identification of errors with clear error messages at the invoice header and line levels
B. identification of errors with clear error messages at the invoice header level only
C. ability to correct errors and re-import invoices directly from aspreadsheet
D. ability to correct errors within the spreadsheet and send invoice corrections for approval
E. ability to enter a high volume of invoices via a spreadsheet

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Answer: A,C
A,C

NO.29 Identify what Oracle considers two best practices when setting up Payables and
Receivables account access for bank reconciliation.
A. Only business units who use the same ledger as the bank accounts owning legal entity can be
assigned access.
B. Business units must be granted access to the bank account.
C. Assign a few general ledger cash accountsto multiple bank accounts to facilitate book- to-bank
reconciliation.
D. Allow bank accounts to be accessed by all roles and users because the default valued to secure a
bank account by users and roles is No.
E. Do not assign bank accounts to business units.
Answer: A,B A,B
Explanation:
Referencehttp://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20375/F569961AN5B6A
3.htm

NO.30 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. Run and submit your 1099s because it will automatically reflect any changes.
B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
C. Generate a 1096 form and submit it instead.
D. Manually enter the 1099s forthe State and submit.
Answer: B B

NO.31 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 job roles to each auditor.
B. Assign the Expense Auditor as the owner of each business unit.
C. Assign the Expense Auditor Vision Operations and Expense AuditorVision Services data roles to
each Expense Auditor.
D. Use segment value security rules to secure access to business units.
Answer: CC
Explanation:
Referencehttps://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B
.htm

NO.32 Your intercompany transaction type is active and enabled for invoicing. What are the two
prerequisites to generate intercompany receivables and intercompany payable transactions after the
Generate Intercompany Allocations process is run?
A. Run the process Transfer Intercompany transactions to Receivables and Transfer
Intercompany transaction to Payables.
B. For the Legal Jurisdiction, Legal function "Generate intercompany invoice" should be assigned.
C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.

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 IT Certification Guaranteed, The Easy Way!

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

E. Schedule create accounting for the intercompany process.
F. Run the processes Create Intercompany transactions to Receivables and Create
Intercompany transactions to Payables.
Answer: A A,C
Explanation:
Referencehttps://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm

NO.33 Which two setups are required to ensure the same tax is applied on both intercompany
payable and receivable invoice?
A. Payable options are receivable system options should have same tax application options.
B. Tax for inter-company is to be loaded using Create Taxable Transactions in
Spreadsheet.
C. First enter Payable transaction to calculate tax and then for Receivable Transaction.
D. You should check if any specific rules defined should cover
bothSales_transactionandpurchase_transactionbusiness category.
E. Ensure that both the receiver and provider business units and legal entities are subscribed to the
applicable tax regime on the transaction date.
Answer: C,E D,E

NO.34 Which two statements are true about processing corporate card expenses?
A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to
cash expenses.
B. You can process payment for credit card using Electronic funds transfer, check, or wire.
C. Usage policy for expense category tolerances does not apply to credit card expenses.
D. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
E. Card transactions will be paid directly from Expenses Cloud.
Answer: C,DB,D

NO.35 You are using both Procurement and Financials. You want the system to automatically accrue
uninvoiced receipts. Select two true statements.
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 expenseaccount 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,CB,C
Explanation:
Referencehttps://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A87306EB5A7752DFE
040D30A68817FB2

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NO.36 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 account.
B. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural
accountvalues.
C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
D. Make sure you specified a Business Unit in the parameters when running the extract.
Answer: AB

NO.37 You have just imported invoices from a spreadsheet. What is the validation status of the
imported invoices?
A. Imported
B. Never Validated
C. Validated
D. Needs Revalidation
E. Not Required
Answer: B B

NO.38 Identify three scenarios where you are not allowed to cancel an invoice.
A. An accounting entry has been created for the invoice.
B. Prepayments were applied to the invoice.
C. The invoice was adjusted by a credit or a debit memo.
D. The invoice is validated.
E. The invoice is fully or partially paid.
Answer: B,C,E
B,C,E

NO.39 The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error
messages from the Manage Payment Process Request Inquiry?
A. Set the validation failure handling for documents to "show errors".
B. Set the validation failure handling for payments to "show errors".
C. Enable debug for the payment format program.
D. Set the validation failure handling for payments to "stop process for review".
Answer: D D
Explanation:
Referencehttps://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

NO.40 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 all the invoice dates are the same.
B. Assign the same Invoice Header Identifier to multiple invoices you want to group.
C. Enable the invoice option Require Invoice Grouping, andthe system automatically groups invoices

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entered in the same spreadsheet.

D. Enter a value in the Invoice Group field to group similar invoices into a batch.
E. Make sure the Invoice Number is the same.
Answer: B B

NO.41 An installment meets all of the selection criteria of a Payment Process Request but it still did
not get selected for payment processing. Identify two reasons for this.
A. The installment was manually removed.
B. The invoice has not been accounted.
C. The pay-through date is in a future period.
D. The pay-through date is in a closedPayables period.
E. The invoices need revalidation.
Answer: A,E A,E
Explanation:
Referencehttps://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

NO.42 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,DA,B,D

NO.43 Which two statements are true about the Invoice Validation process?
A. updates supplier balances
B. validates project information
C. creates tax lines and distributions
D. creates withholding tax invoices, if withholding tax is enabled to create withholding tax at
payment, so that you can make payment on this invoice
E. creates accounting entries in draft
Answer: A,B A,C

NO.44 Which invoice types can be included in the Create Payment flow?
A. Standard, Credit Memo and Debit Memo
B. Standard, Credit Memo, and Invoice Request
C. Standard, Credit Memo and Customer Refund
D. Standard, Debit Memo and Customer Refund
Answer: A A

NO.45 Which attributes on the payables invoice can be used during approval rule creation?
A. company and cost center segment only
B. cost center segment and supplier only

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C. supplier only
D. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
Answer: CB

NO.46 If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
A. Cancel the invoice and create a new one.
B. yes, bycreating a credit memo to offset the payment
C. yes, by canceling the payment process from the process monitor
D. no
E. yes, by voiding the payment created
Answer: EE

NO.47 What are the output formats supported for Electronic and Check format programs?
A. Electronic output format of etext,Check output format of rtf
B. Electronic output format of Text, Check output format of Text
C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
D. Electronic output format of PDF, Check output format of PDF
E. Electronic output format of XML, Check output format of rtf
Answer: EE

NO.48 You want 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.
A. Customize the Subledger Accounting rules to allocate costs.
B. Define a distribution set andassign it manually to the invoice.
C. Enter the invoice in Payables and then use general ledger's Calculation Manager to allocate the
costs.
D. Define a distribution set and assign it to the supplier.
Answer: A,BA,B

NO.49 You have modified your tax setup and want to test the changes on actual Payables
transaction. How do you validate before enabling for transaction?
A. by creating a payable invoice, and by validating and reviewing the tax application
B. OracleTransactional Business Intelligence (OTBI)
C. by changing the tax status to test and then entering a payables invoice
D. by using Tax Simulator to test
E. by creating accounting in draft mode
Answer: D D

NO.50 While processing an expense report, the system placed a payment hold on the expense
report. What are two ways to release payment holds?
A. The employee can manually release the hold.

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B. The employee's supervisor can manually release the hold.

C. Payables Manager can release payment holds in Payables.
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,ED,E
Explanation: References:

NO.51 How will system evaluate the tolerances for expense reports?
A. System will use absolute amount tolerance setup to do validations.
B. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency
precision.
C. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error
Tolerance/100).
D. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency
precision.
E. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).
Answer: C C

NO.52 You are using the Payable's Deferred Expense feature (also known as Multiperiod
Accounting). You have entered an invoice for a three-month lease that is entered on Jan
10th. The total expense is $12,000 and it covers the rental period from Jan 1st to mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is
used, what would the accounting entry be?
A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000and thenOn
Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb
28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Mar 31st,
Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
B. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
C. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On
Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On
Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
Answer: AA

NO.53 Which reports can show you differences between your subledger balances and general ledger
balances to help you reconcile quickly?
A. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
B. Payables to Ledger Reconciliation report
C. Payables Aging reports with the General Ledger Trial Balance report
D. Payables Trial Balance and General Ledger Trial Balance reports
Answer: B B

NO.54 You want to route invoices to three different approvers at the same time and only one

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approver needs to approve the invoice. Which approval ruleset should you use?
A. InvoiceApproversSingleParticipantInParallelMode
B. InvoiceApprovers
C. InvoiceApproversParallelParticipantInParallelMode
D. InvoiceApproversFYIParticipantInParallelMode
Answer: B A

NO.55 What job roles are required to access information within Functional Setup Manager?
A. Application Implementation Manager
B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any Functional User
E. IT Security Manager
Answer: A,C A,C
Explanation:
Referencehttps://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle- fusion
-hcm/694-introducing-to-functional-set-up-manager-in-oracle-fusion-hcm

NO.56 Which method can you use to route payment approval rules?
A. Serial and FYI (For Your Information)
B. Approval Groups
C. Both Parallel and Sequential
D. Sequential
E. Parallel
Answer: B C

NO.57 While entering an expense report for your corporate card transactions, you notice that the
conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?
A. You did not define conversion rates in the General Ledger Cloud.
B. Only cash transactions use those settings.
C. You did not define conversion rates for your business unit.
D. You did not specify a default expense template.
Answer: B B

NO.58 What is the invoice type of an unapproved, unmatched invoice that was created in Fusion
Supplier Portal?
A. iSupplier Invoice
B. Credit Memo
C. Standard Invoice
D. Standard invoice request
E. Supplier payment request
Answer: D D

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

NO.59 Select three reasons why you cannot close your Payables period.
A. suppliers on payment holds
B. bills payable requiring maturity
C. unapplied prepayments
D. open intercompany transactions
E. unaccounted invoices and payments
Answer: A,B,E
B,D,E

NO.60 You want your expense auditors to audit only expenses 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. Assign the auditors specific data roles for the corresponding business units.
C. Create your own audit extension rules that correspond to the business unit.
D. Make auditors the managers of the corresponding business unit to route expense reports
properly.
Answer: BB
Explanation:
Referencehttp://docs.oracle.com/cd/E29597_01/fusionapps.1111/e20375/F569964AN64F1
E.htm

NO.61 Which three types of payments can you make if you have access to Disbursement Process
Management Duty?
A. Supplier payments
B. Ad hoc payments
C. Employee advances
D. Customer refunds
E. Reimbursement of employee expense reports
Answer: A,D,E
A,D,E
Explanation:
Referencehttps://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D
6BD.htm

NO.62 Which statement is correct if the payment terms entered in the invoice differ from the
payment terms on the purchase order?
A. The purchase order payment term cannot be overridden.
B. The user needs to manually change the payment term on the invoice to match the purchase order
payment term.
C. The user needs to specify which payment term to use.
D. The payment termof the invoice overrides the purchase order payment term.
E. The payment term of the purchase order overrides the invoice payment term.

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Answer: BD

NO.63 A Payment Process Request was submitted and errors were found in the payment file. The
payment file and process were terminated.
Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment in the payment fileis Cancelled and the related documents are
available for future selection.
C. The status of the payment file is Cancelled.
D. The status of the payment file is Terminated.
E. The status of each payment in the payment file is Terminated.
Answer: D,E B,D

NO.64 Which two statements are true when you are using the Intercompany Reconciliation
Process?
A. Transaction Summary Report will show only transactions with status received.
B. The reconciliation period summary report will show the intercompany receivable and the
intercompany payablelines generated by the intercompany balancing feature.
C. Ledger balancing lines are generated when the primary balancing segment value is in balance but
either the second balancing segment or the third balancing segment is out of balance.
D. You must runthe Extract Intercompany Reconciliation Data job.
E. The reconciliation period summary report will not show the intercompany receivables and
intercompany payables lines generated for the provider and receiver of each intercompany
transaction.
Answer: C,EC,E
Explanation:
Referencehttps://docs.oracle.com/cloud/latest/financialscs_gs/OCUAR/OCUAR1559315.ht
m#OCUAR1559315

NO.65 An invoice for $200 USD and a credit memo for $225 USD are due for payment and the
"Apply credits up to zero amount" option is enabled for the payment process request.
Which statement is correct?
A. The payment process request applies $200 USD of the credit memo to the invoice, leaving a
remaining credit of $25 USD, and creates apayment for $0 USD.
B. The payment process request doesn't select the invoice or credit memo for payment because the
credit reduces the payment to - $25 USD, which is below zero.
C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
D. The payment process request pays only $200 USD alone.
Answer: DA

NO.66 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.
A. A payment with the status of Issued.

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B. A payment that has already cleared the bank.

C. A payment for an invoice with an associated Withholding Tax invoice.
D. A payment that has been accounted and posted to General Ledger.
E. A payment that pays a prepayment that has been applied to an invoice.
Answer: B,EB,E

NO.67 Which is the Payables tool based on real-time data?

A. Essbase Cube
B. Oracle Financial Reporting (FR)
C. Oracle Transactional Business Intelligence (OTBI)
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)
Answer: B C
Explanation:
Referencehttps://docs.oracle.com/cloud/farel9/financialscs_gs/OCUAR/F1550147AN10063
.htm

NO.68 An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two
discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June
30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
- Payment Date = June 20, 2016
- Pay Through Date = July 30, 2016
- Date Basis = Due Date
What will be the resulting status of the installment and discount?
A. The installment is selected and a discount of $150 USD is applied.
B. The installment is selectedand a discount of $50 USD is applied.
C. The installment is not selected because the due date is after the Pay Through Date.
D. The installment is selected and no discount is applied.
E. The installment is not selected because the discount dates are before the Pay Through
Date.
Answer: D C

NO.69 Which component is not included in the security architecture for credit card data and bank
account data encryption?
A. Payments master encryption key
B. Oracle Wallet
C. Payments subkeys
D. Sensitive data encryption and storage
E. Supplier master encryption key
Answer: E E

NO.70 Which two statements are true related to configuration package?

A. You can export and import the custom roles from Oracle Identity Manager.

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

C. You can export and import selected business units.
D. Youcan export and import the approval rules from the approval management engine.
E. You can export and import the allocation rules from the allocation manager.
Answer: A,BC,E

NO.71 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:'COMPANY A'?>before the Supplier field and thenenter the closing
tag</<?if:COMPANY A?>after the invoices table.
B. 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.
C. Hard code Supplier Name "CompanyA" in the report template and only invoices for that supplier
will be displayed.
D. Insert the syntax<?if:condition?>before the Supplier field and then enter the closing tag</<?
if:condition?>.
Answer: B B

NO.72 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. Suspense Accounts
B. Subledger Accounting's Account Rules
C. Intercompany Balancing
D. Payables' Automatic OffsetE, Payables' Allow Reconciliation Accounting
Answer: D D
Explanation:
Referencehttps://www.scribd.com/document/2909755/Oracle-Apps-Accounts-Payables-
Functionality(page 54)

NO.73 Which statement is true about selecting a bank account on the Create Payment page?
A. Bank account must match thesupplier's bank account.
B. There is not relationship between the business unit, bank, and LE. Users can pick any bank account
that is setup in their system.
C. LE on the bank account should be different from the LE on the invoice.
D. LE on the bank account should be equal to LE on the invoice.
E. Users can pick any bank account as long as the bank account is tied to the business unit.
Answer: DD

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