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Question #:1

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.

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 E

Question #:2

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.

Answer: B D

Question #:3

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.

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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 28th, 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 28th, 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 for 12,000 and Credit Liability for 12,000

Answer: A

Question #:4

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, and the system automatically groups invoices
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

Question #:5

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.

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Answer: C D

Question #:6

Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

A. A supplier can submit a single invoice against multiple purchase orders across different currencies and
organizations.

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

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

D. 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.

E. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not
fully billed.

Answer: B E

Question #:7

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

Explanation
NEW QUESTIONS

Question #:8

Which is the Payables tool based on real-time data?

A. Essbase Cube

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B. Oracle Financial Reporting (FR)

C. Oracle Transactional Business Intelligence (OTBI)

D. Smart View

E. Oracle Business Intelligence Applications (OBIA)

Answer: B

Explanation
Reference https://docs.oracle.com/cloud/farel9/financialscs_gs/OCUAR/F1550147AN10063.htm

Question #:9

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

Explanation
Reference
https://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-hcm/694-introducing-to-functio

Question #:10

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.

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Answer: D

Question #:11

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

Question #:12

You want your expense auditors to audit only expense reports for specific business units. How do you do this?

A. Make auditors the managers of the corresponding business unit to route expense reports properly.

B. Create your own audit extension rules that correspond to the business unit.

C. Assign the expense auditors job role and business unit security context and value to the user.

D. Create a custom duty role and assign the data roles to each auditor.

Answer: C

Question #:13

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.

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Answer: B C E

Question #:14

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

Question #:15

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 role to each auditor and use segment value security rules to secure
access to the business units.

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 a data access set to associate the business
unit to the role.

D. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set
Assignments page.

Answer: B

Question #:16

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.

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A. Suspense Accounts

B. Subledger Accounting’s Account Rules

C. Intercompany Balancing

D. Payables’ Automatic Offset

E. Payables’ Allow Reconciliation Accounting

Answer: D

Explanation
Reference https://www.scribd.com/document/2909755/Oracle-Apps-Accounts-Payables-Functionality (page
54)

Question #:17

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 term of the invoice overrides the purchase order payment term.

E. The payment term of the purchase order overrides the invoice payment term.

Answer: B

Question #:18

Which two statements are true related to configuration package?

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

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

C. You can export and import selected business units.

D. You can export and import the approval rules from the approval management engine.

E. You can export and import the allocation rules from the allocation manager.

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Answer: A B

Question #:19

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 a central 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 C

Explanation
Reference
https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm#F688791AN12A7A

Question #:20

Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy?

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 when to initiate the payment approval process.

D. It determines which payments must go through the payment approval process.

E. It defines a list of approvers who review payments and make final payment decisions.

Answer: B C E

Question #:21

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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 Invoice Options page so they default onto the invoice.

B. Enter the payment terms at the supplier site level so they default onto the invoice.

C. Enter the payment terms in the Manage Payment Options page 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 at the Supplier level so they default onto the invoice.

Answer: D

Question #:22

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

D. Manage Invoices page

E. C-Level executives

Answer: A

Explanation
Reference https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007C.htm

Question #:23

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

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B.
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

Question #:24

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

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

Question #:25

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: D

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Question #:26

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

Question #:27

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: D E

Explanation
Reference https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

Question #:28

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

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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: E

Question #:29

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 for the State and submit.

Answer: B

Question #:30

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 assigned a Financial Category of Accounts Payable to all your liability natural account
values.

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: A

Question #:31

A company has a requirement to default the disbursement bank account when submitting a Payment Process
Request.

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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 D

Question #:32

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

C. supplier only

D. company segment, cost center segment, supplier, and Attribute 1 on the invoice line

Answer: C

Question #:33

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

Question #:34

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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 the accrual account for the prepaid expenses in the invoice lines or
distributions.

B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.

C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or
distributions.

D. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the
invoice lines or distributions.

Answer: B

Question #:35

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

Question #:36

Which three are attributes that are recognized by Invoice Imaging?

A. PO Number

B. Payment Method

C. Terms Date

D. Invoice Number

E. Invoice Date

Answer: A D E

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Question #:37

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: B

Explanation
Reference https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007476.htm

Question #:38

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 re-validation.

Answer: A E

Explanation
Reference https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

Question #:39

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.

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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.

Answer: A D

Question #:40

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 Payment options.

B. Allow payee to override for third-party payments while Manage Invoice options.

C. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.

D. Allow the remit-to supplier override for third-party payments at Manage Invoice options.

Answer: D

Question #:41

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 memo are 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 credit
reduces 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

Question #:42

How will system evaluate the tolerances for expense reports?

A.

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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

Question #:43

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. InvoiceApproversSingleParticipantInParallelMode

B. InvoiceApprovers

C. InvoiceApproversParallelParticipantInParallelMode

D. InvoiceApproversFYIParticipantInParallelMode

Answer: A

Question #:44

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

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Question #:45

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 a payable invoice, and by validating and reviewing the tax application

B. Oracle Transactional 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

Question #: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, 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

Answer: E

Question #:47

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?

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A. The installment is selected and a discount of $150 USD is applied.

B. The installment is selected and 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

Question #:48

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

Question #:49

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 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

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Explanation
Reference
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A87306EB5A7752DFE040D30A68817FB2

Question #:50

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 the first 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 date is after the discount
dates.

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

Question #:51

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
conversation rate settings and you do not violate the allowable limit.

B.

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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 it means 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: A

Question #:52

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 “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. 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: B

Question #:53

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

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Question #:54

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.

Answer: C

Question #:55

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: A

Question #:56

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax
for this?

A. 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.

B. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line
from these suppliers.

C.

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C. 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.

D. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on
the Configuration Options tab.

Answer: B

Question #:57

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 Auditor Vision Services data roles to each
Expense Auditor.

D. Use segment value security rules to secure access to business units.

Answer: C

Explanation
Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

Question #:58

Which statement is true about selecting a bank account on the Create Payment page?

A. Bank account must match the supplier’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: D

Question #:59

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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

Explanation
Reference https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

Question #:60

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

Question #:61

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.

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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 E

Question #:62

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

Explanation
Reference https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D6BD.htm

Question #:63

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. The expense report status remains Pending Payables Approval.

Answer: C D

Question #:64

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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 and Procurement

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

Question #:65

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

Question #:66

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 a payment 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: D

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Question #:67

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.

Answer: A

Explanation
Reference https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm

Question #:68

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. 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 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.

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

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Explanation
Reference https://docs.oracle.com/cd/E21764_01/bi.1111/e13881/T527073T559221.htm

Question #:69

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

Question #:70

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 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: B

Question #: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.

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Which is the correct way to customize the template?

A. Insert the syntax <?if:’COMPANY A’?> before the Supplier field and then enter 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 “Company A” 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

Question #:72

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

Question #:73

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

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Answer: E

Question #:74

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 both Sales_transaction and
purchase_transaction business 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

Question #:75

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

Question #:76

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.

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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.

Answer: A B

Question #:77

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 the bank.

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

Answer: B

Question #:78

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 a spreadsheet

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

Answer: A C

Question #:79

Identify what Oracle considers two best practices when setting up Payables and Receivables account access for
bank reconciliation.

A.

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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 accounts to 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

Explanation
Reference

http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20375/F569961AN5B6A3.htm

Question #:80

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.

Answer: B C E

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