Payables Exam

C. The invoice needs re-validation D. The invoice requires approval

An installment meets all criteria of a payment process request, but it still does not get selected for payment processing. What are 2 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 invoice needs re-validation D. The invoice requires approval E. The invoice has not been accounted

B. System will calculate warning tolerance as Policy rate*(1+ warning tolerance/100)

How will the system evaluate the tolerance 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) 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 position E. System will use absolute amount tolerance setup to do the validations

C. The layout-template D. the data model

There is a requirement to add new transactional attributes to the expense approver report workflow notification - which 2 business intelligence catalog objects should you copy (or customize) and edit? A. The original source B. The output source C. The layout-template D. The data model E. The style-template

C. Data for all business units and all balancing segments in the ledger

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)

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

Which two are true for payables payment terms? 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 set

C. The financial category of accounts payable is not assigned to the liability accounts

You are testing the payables to general ledger reconciliation report at the ledger level for a UK ledger - you have run and selected the extract for the report but the request returned the message no data to display. Why? 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 unit associated to the UK ledger

D. Set enable Oracle Maps to yes in the expense system options

You have evaluated the use of Oracle Maps Cloud service with expenses for mileage calculation. The decision is to use the feature, how do you enable it? 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 expense system options

A. Weekly B. Monthly C. BiWeekly

You need to create a recurring expense for one of your recurring expenses - Which 3 are frequencies that you can choose for these types of expenses? A. Weekly B. Monthly C. BiWeekly D. Annually E. Bimonthly

A. SingleTypeParticipantinParallelModeRuleSet

You need to route invoices to three different approvers at the same time, and only one approver needs to approve the invoice A. SingleTypeParticipantinParallelModeRuleSet B. FyiTypeParticipantinParallelModeRuleSet C. InoviceApprovalRuleSet D. ParallelTypeParticipantinParallelModeRuleSet

E. The audit selection rule has not been assigned to the business unit

Your client is concerned that all expense reports are getting automatically approved by the expense system despite the setup of an Audit selection rule. Why? 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

B. Create a payment process request template that includes the disbursement bank account D. Define the disbursement bank account at the business unit level to have the payment process derive the bank account

A company has a requirement to default the disbursement bank account when submitting a payment process request. Which 2 accomplish this? 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

A. Run the prepare payables to GL reconciliation report at the Ledger Level

A company is centralizing their payment processing using the service provider model. Which reporting level has to be used to run the Prepare Payables to GL reconciliation report? A. Run the prepare payables to GL reconciliation report at the Ledger Level B. Run the prepare payables to GL reconciliation report at the business unit level C. Running the prepare payables to GL reconciliation report is NOT available when there is a centralized payment processing D. Run the prepare payables to GL reconciliation report for combination of ledger and balancing segment value

Standard Invoice: Invoice Currency USD, Payment Currency GBP Prepayment Invoice Currency USD, Payment Currency AUD

A payables supervisor wants to apply a prepayment to an invoice. Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?

C. Overwrite the conversion rate with the one that Visa provided and enter a justification that Visa used a different conversion rate

During your business trip to the Uk, you took a cab ride and paid for it using your personal visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the tax expense by Visa than the one used by your company. How do you handle this? 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 wish to violate the allowable limit C. Overwrite the conversion rate with the one that 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

A. Ledger Set C. Balancing Segment Value (and all segments really) D. Business Unit

Which 3 options are available to filter data when you submit the prepare payables ledger to reconciliation report? A. Ledger Set B. Supplier C. Balancing Segment Value D. Business Unit E. Natural Account F. Legal Entity

C. Supplier master encryption key

Which component is NOT included 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