Oracle Financials Cloud:

Payables 2023 Implementation

Professional
1. You have enabled Payment Approval for your payment process requests (PPR). At what stage of the
PPR is the payment approval process automatically triggered?

A: Review Proposed Payments

B: Review Installments
C: Build Payments
D: Create Payment Files

Answer : A

2. Configurable Payables Workflow notifications use Oracle Business Intelligence templates to generate
the email and in-app notifications.
For which two of the Payables in-app notifications can you enter distribution via the action button?

Payments Approvals
A.Holds Resolution
B.Matching Approval
D. Invoice Approval
E. Invoice Account Coding

Answer : D,E

3. Which method can you use to route payment approval rules?

A: Serial and FYI (For Your Information)

B: Parallel
C: Sequential
D: Approval Groups
E: Both Parallel and Sequential

Answer : C
4. 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:The workflow will fail once approval is initiated.
B:The initiate option is greyed out for the invoice.
C:Invoice will be auto-approved.
D:Invoice will be sent to User 1 for approval.

Answer : A

5. Your company plans to use the Oracle digital assistant to efficiently process employee expenses.
As an expense administrator, which three predefined Digital Assistant configuration can you change in
the Auto Submit and Matching Options page?

A. Matching Options for Cash Charges.

B. Matching Options for Credit Card Charges.
C. Auto Submission for Expense Digital Assistant Schedule.
D. Cash Advances Schedule.
E. Expense Digest Schedule.

Answer : A,B,E

6. 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 Enable Oracle Maps to yes in the expense report template.

B: Set Enable Oracle Maps to yes in the expense mileage policies.
C: Set Enable Oracle Maps to yes in the expenses system options.
D: Set the profile option ORA EXM ORACLE MAPS to yes at the site level.
Answer : B

7.How will system evaluate the tolerances for expense reports?

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

B:System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ ErrorTolerance/100).
C:System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)* currency
precision.
D:System will use absolute amount tolerance setup to do validations.
E:System will calculate error tolerance as ((Policy Rate * (1+Error Tolerance/100)|) currency precision.

Answer : A,B

8.A company has a requirement to default the disbursement bank account when submitting a Payment
Process Request.
Which action will accomplish this?

A:Define the Disbursement Bank Account to the Payment Method in payment default rules.
B:Create a Payment Process Request template that includes the Disbursement Bank Account.
C:Define the Disbursement Bank Account in the Payment tab at the supplier site level.
D:Define the Disbursement Bank Account at the business unit level to have the payment process derive
the bank account.
E:Assign the Disbursement Bank Account to users to have the payment process default the bank account.

Answer : B

9. 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 the
reasons for this? (Choose 2)

A:The payment method for the invoice is Electronic.

B:The invoice is not accounted.
C:The invoice is not validated.
D:The invoice is not yet due.
E:The payment supplier site is different to the supplier site on the invoice.

Answer : C,E

10. An installment for $2,000 USD is due for payment on July 31, 2019. The installment has two discounts:
the first discount date is June 15, 2019 for $150 USD and the second discount date is June 30, 2019 for
$50USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2019
Pay Through Date = July 30, 2019
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 a discount of $150 USD is applied.
C:The installment is selected and a discount of $50 USD is applied.
D:The installment is not selected because the due date is after the Pay Through Date.
E:The installment is selected and no discount is applied.

Answer : D

11.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 2)
A:The status of each payment in the payment file is Cancelled and the related documents are available
for future selection.
B:The status of the payment file is Cancelled.
C:The invoices are placed on payment hold.
D:The status of the payment file is Terminated.
E:The status of each payment in the payment file is Terminated.

Answer : A,D

12. 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 2)
A:The pay-through date is in a future period.
B:The invoice needs re-validation.
C:The invoice requires approval.
D:The pay-through date is in a closed Payables period.
E:The invoice has not been accounted.

Answer : B,C

13. You need to have your 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.
Which two are valid methods to achieve this? (Choose 2)
A:Define a payment term and assign it to the invoice.
B:Choose the 'All Lines' option from the Allocate menu in the invoice line area.
C:Define a distribution set and assign it manually to the invoice.
D:Define a distribution set and assign it to the supplier.

Answer : C,D

14. At which two stages of a payment run can you stop the process and perform a review?

A. After grouping installments into payments.

B. After confirming the payment file.
C. After payment formatting.
D. After selecting the installments.

Answer : A,D

15. 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
Disbursement System Options page for the business unit.
B:The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment
Options page for the business unit.
C:The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice
Options page for the business unit.
D: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.

Answer : C

16. Your client 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:Business Unit Security

B:a Dedicated Service Provider model
C:a Self-Service Service Provider Model
D:a Dedicated and Self-Service Service Provider Model

Answer : A

17. You would like to have the Validation Failure Handling options in your Payment Process Request
default to Stop Process for Review.
Which two places can you specify this default?

Payment Process Request Template

A. Manage Disbursement System Options

B. Manage Payment Options
C. Manage Common Options for Payables and Procurement
D. Manage Invoice Options

Answer : A,B
18. 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:Payables' Automatic Offset

B:Payables' Allow Reconciliation Accounting
C:Suspense Accounts
D:Intercompany Balancing
E:Subledger Accounting's Account Rules

Answer : A

19. Which two tools can you use to build layouts for BI Publisher reports? (Choose 2)

A:BI Answers
B:Template Builder for Word
C:BI Composer
D:Report Developer E:Layout Editor

Answer : D,E

20. 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)

Answer : D

21. 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 select the business units associated to the UK Ledger.
B:The reconciliation flag has not been enabled for your liability accounts.
C:You did not specify the range of liability accounts to include in the extract.
D:The financial category of Accounts Payable is not assigned to the liability accounts.

Answer : D
22. Which three options are available to filter data when you submit the Prepare Payables to Ledger
Reconciliation report?
(Choose 3)

A:Business Unit B:Supplier

C:Balancing Segment Value
D:Legal Entity
E:Ledger Set F:Natural Account

Answer : A,C,E

23. Which two are true for Payables Payment Terms? (Choose 2)

A:Each payment term can only be assigned to one reference data 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: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.

Answer : B,D

24. When working with reference data sets in Payables, what reference data sharing method can you use
for Payables Payment Terms?

A:Assignment to one set only; no common values allowed

B:Assignment to one set only with common values
C:Assignment to multiple sets with common values allowed
D:Assignment to multiple sets; no common values allowed
Answer : D
A. 949
B. 1449
C. 500
D. 201

Answer : A
26. Which three are reports that can help reconcile Payables activity for the period?

A. Payables Posted Invoice Register

B. Payables Trial Balance Report
C.Payables Matching Hold Detail Report
D.Payables Cash Requirement Report
E. Payables Posted Payment Register

Answer : A,B,E

27.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 General Ledger Reconciliation
report?
A:Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and
Balancing Segment Value.
B:Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.
C:Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.
D:Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a
centralized payment processing.

Answer : C

28. 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 and post a manual journal entry directly into the general ledger.
B: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.
C:Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the
spreadsheet.
D:Enter an Invoice in the Create Invoice page. Then from the actions drop-down list, first choose the
validate option and then the post to ledger option (create accounting).
Answer : D

29. Which two invoice types can have a status of Incomplete? (Choose 2)
A:Prepayment Invoices which are fully paid but not applied against any invoice
B:Supplier Portal Invoices which are rejected and resubmitted for approval
C:Scanned Invoices which are rejected during import
D:Scanned Invoices with invalid or missing data
E:Supplier Portal Invoices which are saved but not yet submitted

Answer : B & D

30.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?

A:Standard Invoice: Invoice Currency USD, Payment Currency GBP Prepayment: Invoice Currency USD,
Payment Currency AUD
B:Standard Invoice: Invoice Currency USD, Payment Currency USD Prepayment: Invoice Currency CAD,
Payment Currency CAD
C:Standard Invoice: Invoice Currency CAD, Payment Currency GBP Prepayment: Invoice Currency USD,
Payment Currency AUD
D:Standard Invoice: Invoice Currency USD, Payment Currency CAD Prepayment: Invoice Currency CAD,
Payment Currency CAD

Answer : A

31. Accounting has been created in Final mode for a last minute payment. The payment included a
discount.
On viewing the accounting you realize that the cost center for the discount account is incorrect. You
decide to use the Account Override feature to correct the accounting entry.
Which two statements are true when using this feature? (Choose 2)

A:It can be used for accounting created in draft and final mode.
B:It provides an audit trail by keeping the original entry visible.
C:Accounts are edited directly on a completed subledger journal entry.
D:It is used for creating adjustments that do not have an associated transaction. E:It adjusts the
accounting of the original source transaction.

Answer : A,B

32. As an expenses administrator, you have set the profile option (EXM_DFLT_FROM_PREV_EXPENSE) at
the user level to No.
Which three values will not be populated from a previous expense item when a user enters a new
expense item?
A. Template
B. Currency
C. Project and Task Number
D.Expense Location
E.Company and Department
Answer : B,C,E

33. An invoice has a matching hold because the invoice price exceeds the purchase order schedule price.
The supplier sends a credit to correct the amount due on the previous invoice.
What should you do to release the hold?
A. Enter the credit note and release the hold manually.
B. Enter the credit note, adjust the tolerance, resubmit the validation process to release the hold.
C. Enter the credit note and resubmit the validation process to release the hold.
D. Perform a price correction and resubmit the validation process to release the hold.

Answer : B

34. You have a requirement to audit expense reports of the top 10 Spenders and Policy Violators. Which
task must you use to enable this functionality?
A. Manage Expense Report Audit Selection Rules
B. Manage Expense Audit List Rules
C. Manage Expense Report Audit Rules
D. Manage Expense Report Template and Type Rules

Answer : B

35. An installment for $1,000 USD is due for payment on January 10, 2020. The installment has two
discounts:
the first discount date is December 5, 2019 for $150 USD and the second discount date is December 20,
2019 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 10, 2019
Pay Through Date = December 7, 2019
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 $150 (the first discount) is applied.
B: The installment is not selected because the first discount date is before the Pay Through Date.
C: The installment is selected but no discount is applied because the payment date is after the first
discount date.
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

36. During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid.
They choose to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval what two are valid results
of the auditor action? (Choose 2)
A:Approved part of the expense report is not eligible for expense reimbursement.
B:New expense report containing disallowed expense items is not created until manager approves the
short payment.
C:New expense report containing disallowed expense items is immediately created.
D:The approved part of the expense report is eligible for expense reimbursement.

Answer : A,C

37. You 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 to the legal entity
B:The audit selection rule has not been assigned to the business unit
C:The audit selection rule has not been assigned in the system options page
D:Auditing has not been enabled in the system options page
E:An expenses template and type rule has not be setup

Answer : B

38. You created the ABC Supplier and associated it with the US Procurement business unit. However, you
cannot find the supplier when entering invoices.
What could be the reason?

A. The site is not marked as Primary Pay.

B. Payment options have not been specified for the supplier.
C. Invoice Controls have not been specified for the supplier.
D. There are no active site assignments for the supplier.

Answer : A
39. Which reporting tool is used to report on real-time data?

A:Oracle Business Intelligence Publisher

B:Oracle Financial Reporting Web Studio
C:Smart View
D:Essbase Cube
E:Oracle Transactional Business Intelligence (OTBI)

Answer : E

40. Your client wants the subledger journal entry description to be transferred to general ledger. Which
two could be used to enable this?(Choose 2)
A:Set the General Ledger Journal Entry Summarization option to Group by general ledger period
B:Set the General Ledger Journal Entry Summarization option to Group by general ledger date

C:Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
D:Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date

Answer : A,B

41. You have decided to use a mapping set to derive the cost center segment for your chart of accounts
code combination.
Which three statements are true for mapping sets?

A. You can use up to 10 sources as inputs into a mapping.

B. Mapping sets are unique to each subledger application.
C. Mapping sets can be shared across subledger applications.
D. Mapping sets can be entered in the user interface or by using a spreadsheet.
E. Mapping sets are used by description rules.

Answer : A,B,D

42. Your client wants to retrieve values for the account code based on the invoice line description. For
example Invoice Line Description = Laptop then Account Code = 5670.
Which Subledger Accounting option would you use to achieve this?

A:Event Class Settings

B:Description Rule
C:Mapping Set
D:Transaction References
E:Supporting References

Answer : C

43. While processing an expense report, the system placed a payment hold on the expense report. What
are two ways to release payment holds? (Choose 2)

A:The employee's supervisor can manually release the hold from the notification.
B:Expenses automatically releases holds when receipts are received or waived.
C:Payables Manager can release payment holds in Payables.
D:The employee can manually release the hold from the notification.
E:The expense auditor can manually release the payment hold at his discretion.

Answer : B,E

44. 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:Create a payment process request in Payments.
B:Transfer the data to General Ledger.
C:Create Accounting for the invoice in Payables.
D:Validate the invoice in Payables.

Answer : D

45. What is the recommendation when setting up Reconciliation Rule Sets?

A:Many to Many rules should always be used last in the sequence.

B:One to One rules should be sequenced below rules of other types.
C:One to One rules should be sequenced above rules of other types.
D:Many to Many rules should always be used nVst in the sequence.

Answer : C

46. Which three are valid reasons why you cannot close your Payables period? (Choose 3)

A:Bills payable requiring maturity

B:Incomplete payment files
C:Unapplied prepayments
D:Unaccounted invoices and payments
E:Suppliers on payment holds

Answer : A,B,D

47..A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the
invoice line when the invoice is saved.
Where does this Withholding Tax Classification Code default from?
A:From the Party Tax Profile of the Third Party Site
B:From the Manage Tax Reporting and Withholding Tax Options
C:From the Site Assignments of the Supplier Site
D:From the Income Tax region of the Supplier

Answer : B

48. What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?

A:Location assigned to the Legal Entity for the transactions

B:Location assigned to the Legal Entity Reporting Unit for the transactions
C:Location assigned to the Supplier Party Site for the transactions
D:Location assigned to the Business Unit for the transactions

Answer : D

49. You are asked to set up an approval rule to route an expense report to an account owner.
In addition to the Account Code, which three are additional attributes that you could use to help with
correct routing?
 A. Ledger Manager
B. Account Type
C. Detailed Budgeting Allowed Indicator
D. Account Owner
E.Financial Category

Answer : C,D,E

50. You are evaluating the predefined expense report approval rules within your test environment to see
if they meet current business requirements.
Which three rule sets are part of the predefined setup?
A:Approval by supervisor based on expenses type amount.
B:Approval by supervisor based on report amount.
C:Approval by a Group based on report amount in parallel or serial mode.
D:Approval by Cost Centre owners in parallel or serial mode.
E:Approval by Project Manager in parallel or serial mode.

Answer : B,D,E

51. 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 2)

A:The Data Model

B:The Output types
C:The Style-Template
D:The layout-template
E:The original Source

Answer : C,D

52. 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 the
conversion 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:Call Visa to address the issue and tell them to make adjustments to their conversion rate.Then, wait to
get a revised statement.
D:Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.

Answer : A

53. 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 3)
 A:Annually
B:Weekly
C:Monthly
D:Biweekly
E:Bimonthly

Answer : B,C,D

54. In which two ways does the invoice imaging solution work in the cloud? (Choose 2)

A:Customers ask their suppliers to scan and email the invoice.

B:Customers ask suppliers to send electronic invoices.
C:Customers scan the invoice on-premise and email the images.
D:Customers cannot use invoice imaging in the Cloud.
E:Customers scan and store the invoice images on-premise and attach them during invoice entry

Answer : A,C