AP Study Guide

1. An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this. A. The installment was manually removed. B. The invoice has not been accounted. C. The pay-through date is in a future period. D. The pay-through date is in a closed Payables period. E. The invoices need revalidation.

A & E

1. 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. Biweekly D. Annually E. Bimonthly

A B C

1. In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two_) A. The original Source B. The Output types C. The layout-template D. The Data Model E. The Style-Template

A D

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 and assign 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.

A&B

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.

B

1. Which two are true for Payables Payment Terms? (Choose two.) A. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set. B. You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement. C. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set. D. Each payment term can only be assigned to one reference data set.

B C

1. A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.Which two actions will accomplish this? (Choose two.) A. Define the Disbursement Bank Account in the Payment tab at the supplier site level. B. Create a Payment Process Request template that includes the Disbursement Bank Account. C. Assign the Disbursement Bank Account to users to have the payment process default the bank account. D. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account. E. Define the Disbursement Bank Account to the Payment Method in payment default rules.

B D

A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated. Which two statements are true? A. The invoices are placed on payment hold. B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection. C. The status of the payment file is Cancelled. D. The status of the payment file is Terminated. E. The status of each payment in the payment file is Terminated.

B&D

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? A. Voiding the payment automatically places an invoice on hold. B. Any previous accounting and payment records for an invoice are reversed. C. Any realized gain or loss previously calculated is reversed. D. All related withholding tax invoices are automatically voided. E. All related interest invoices are reversed if previously created.

BC&E

1. 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 reasons for this? (Choose two.) A. The pay-through date is in a closed Payabtes period. B. The pay-through date is in a future period. C. The invoice needs re-validation. D. The invoice requires approval. E. The invoice has not been accounted.

C&D

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.

C&D

1. 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 the reason for this? A. The invoice is already on hold. B. The invoice has been partially paid by another payment. C. The invoice date is not in the current open period. D. The invoice accounting date is not in the current open period.

b

1. Which reporting tool is used to report on real-time data? A. Oracle Business Intelligence Publisher B. Smart View C. Oracle Transactional Business Intelligence (OTBI) D. Oracle Financial Reporting Web Studio E. Essbase Cube

c

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? A. Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables. B. For the Legal Jurisdiction, Legal function "Generate intercompany invoice" should be assigned. C. Supplier site primary pay flag and customer account bill to primary flag should be enabled. D. Manual Approvals should be allowed for the transaction type. E. Schedule create accounting for the intercompany process. F. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

A&C

Identify two ways the invoice imaging solution works in the Cloud. A. Customers scan the invoice on-premise and email the 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 to send electronic invoices.

A&D

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

A,D&E

1. Which three are valid reasons why you cannot close your Payables period? (Choose three.) A. Bills payable requiring maturity B. Unapplied prepayments C. Incomplete payment files D. Suppliers on payment holds E. Unaccounted invoices and payments

ACE

1. Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.) A. Ledger Set B. Supplier C. Balancing Segment Value D. Business Unit E. Natural Account F. Legal Entity

ADE

Which two statements are true when you are using the Intercompany Reconciliation Process? A. Transaction Summary Report will show only transactions with status received. B. The reconciliation period summary report will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature. C. Ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance. D. You must run the Extract Intercompany Reconciliation Data job. E. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

BD

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. 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.

BE

1. 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. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement. B. 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. 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.

C

1. You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.What is the reason for this? A. You did not specify the range of liability accounts to include in the extract. B. The reconciliation flag has not been enabled for your liability accounts. C. The financial category of Accounts Payable is not assigned to the liability accounts. D. You did not select the business units associated to the UK Ledger.

C

1. in the security architecture for credit card data and bank account data encryption? A. Payments master encryption key B. Payments subkeys C. Supplier master encryption key D. Sensitive data encryption and storage E. Oracle Wallet

C

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 next period. 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.

C

Which method can you use to route payment approval rules? A. Parallel B. Approval Groups C. Sequential

C

You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them? A. Transfer the data to General Ledger. B. Create Accounting for the invoice in Payables. C. Validate the invoice in Payables. D. Create a payment process request in Payments.

C

1. Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report? A. Data for all business units and one balancing segment in the ledger B. Data for authorized business units only; no GL data is visible C. Data for all business units and all balancing segments in the ledger D. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)

D

1. You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The decision is to use this feature.How do you enable the feature? A. Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level. B. Set Enable Oracle Maps to yes in the expense mileage policies. C. Set Enable Oracle Maps to yes in the expense report template. D. Set Enable Oracle Maps to yes in the expenses system options.

D

1. Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.What is the reason for this? A. The audit selection rule has not been assigned in the system options page B. The audit selection rule has not been assigned to the legal entity C. Auditing has not been enabled in the system options page D. An expenses template and type rule has not been setup E. The audit selection rule has not been assigned to the business unit

E

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, by creating 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

E

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

E