1.) What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

A. Standard Invoice
B. Standard invoice request
C. Credit Memo
D. Supplier payment request
E. iSupplier Invoice

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9BF484E62C704AD1E040D30A6881063D

The application provides several types of invoices.

The following table describes each invoice type.

Type Description
Standard An invoice from a supplier for goods or services rendered.
Prepayment An advance payment to a supplier.
Credit memo A document from a supplier that provides a credit for goods or services rendered.
Debit memo A credit from a supplier that doesn't send you a credit memo document.
An automatically generated invoice to a tax authority for withholding tax.

Withholding tax Note: You can create withholding tax invoices manually if the Allow manual
withholding option on the Manage Tax Reporting and Withholding Tax Options page is
enabled.
Interest An automatically generated invoice for interest on overdue invoices.
Standard invoice An invoice without a purchase order that's submitted through Oracle Fusion Supplier Portal
request and that's pending approval from the requester.
Credit memo invoice A credit memo without a purchase order that's submitted through Supplier Portal and that's
request pending approval from the requester.
A request from Oracle Fusion Expenses or Oracle Fusion Receivables to disburse funds to
Payment request
a payee that's not defined as a supplier in the application.

2.) You want your expense auditors to audit only expense reports for specific business units. How do you do this?
A. Create a custom duty role and assign the data roles to each auditor.
B. Create your own audit extension rules that correspond to the business unit.
C. Make auditors the managers of the corresponding business unit to route expense reports properly.
D. Assign the expense auditors job role and business unit security context and value to the user.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20a/fawde/expense-report-audit.html#FAWDE1004999

You can enable expense auditors to audit expense reports for specific business units by assigning them specific expense
auditor data roles for the business units. For example, to allow an expense auditor to audit reports for the Vision Operations
business unit, assign the Expense Auditor Vision Operations data role to the auditor.

3.) Which invoice types can be included in the Create Payment flow?
A. Standard, Credit Memo and Debit Memo
B. Standard, Credit Memo and Customer Refund
C. Standard, Credit Memo, and Invoice Request
D. Standard, Debit Memo and Customer Refund
Note: A is correct answer
4.) 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 at the business unit level to have the payment process derive the
bank account.
B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
C. Define the Disbursement Bank Account to every supplier.
D. Create a Payment Process Request template that includes the Disbursement Bank Account.
E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_DD7E23FFCFF65F57E040D30A6881689C

5.) Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for
this?
A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from
these suppliers.
B. 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.
C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the
Configuration Options tab.
D. 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.

6.) 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 Invoice Options and Manage common options for Payables and Procurement
B. Manage Payable Options and Manage Invoice Options
C. Manage Invoice Options and Manage Procurement agents
D. Manage common options for Payables and Procurement and Manage Procurement agents
E. Manage Payment Options and Manage common options for Payables and Procurement

Reference:

Check in Setup and Maintenance the ff Configuration:

 Manage Payment Options
 Manage Common Options for Payables and Procurement

7.) Which method can you use to route payment approval rules?
A. Approval Groups
B. Sequential
C. Both Parallel and Sequential
D. Parallel
E. Serial and FYI (For Your Information)

8.) 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.

Reference:
Through spreadsheet is a bit lengthy process, so we can enter invoice directly into invoice page and validate the invoice and
run the create accounting and post to GL.
9.) 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. Payable’s Automatic Offset
B. Intercompany Balancing
C. Subledger Accounting’s Account Rules
D. Suspense Accounts
E. Payables’ Allow Reconciliation Accounting

Reference:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm

If you enable Automatic Offsets, Payables automatically allocates an invoice's liability amount across multiple balancing
segments according to the balancing segments on the invoice distributions. This ensures that invoices always balance by
balancing segment.

If you do not enable Automatic Offsets, Payables records the invoice liability using the liability account on the invoice, which
defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will
not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when
you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.

10.) When creating a check payment, from where is the payment document defaulted?
A. Legal Entity
B. Bank
C. Business Unit
D. Bank Account
E. Supplier

Reference:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/banks03.htm

Use the Payment Documents window to define payment documents for an internal bank account. Examples of payment
documents are checks or electronic payments. You must create at least one payment document before you can use a bank
account to create invoice payments. You can create an unlimited number of payment documents for an internal bank
account.

When you define payment documents, you can only select payment formats that use the same currency as the bank account
currency. If the bank account is a multiple currency bank account, you can choose foreign currency payment formats or
multiple currency payment formats.

11.) 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. InvoiceApproversFYIParticipantInParallelMode
B. InvoiceApproversSingleParticipantInParallelMode
C. InvoiceApproversParallelParticipantInParallelMode
D. Invoice Approvers

12.) If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
A. yes, by canceling the payment process from the process monitor
B. Cancel the invoice and create a new one.
C. yes, by voiding the payment created
D. yes, by creating a credit memo to offset the payment
E. no
13.) 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 possible reasons for this?
A. The pay-through date is in a closed Payables period.
B. The invoice has not been accounted.
C. The invoice requires approval.
D. The pay-through date is in a future period.
E. The invoice needs re-validation.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20b/fappp/payments.html#FAPPP583541

Why didn't an installment get selected for payment?

An installment can meet the selection criteria of a payment process request, but not get selected for payment for one or more
reasons. You can review installments that weren't selected for payment and the reasons they weren't selected, on the Not
Selected tab on the Review Installments page.

Here are the reasons why an installment might not get selected for payment.

 An approver rejected the invoice.

 The calculation for withholding tax ended in error.
 A credit reduced the payment amount to less than zero.
 The invoice must be revalidated.
 The invoice requires approval.
 The invoice was never validated.
 The payment date is in a closed period.
 Having the payment date before the system date isn't allowed.
 The installment is on hold.
 The supplier site is on payment hold.
 The installment was manually removed from the payment process request.
 Zero amount installments are excluded from payment.

14.) 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 Invoice options.
B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
C. Allow payee to override for third-party payments while Manage Invoice options.
D. Allow the remit-to supplier override for third-party payments at Manage Payment options.

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_F262E208A16408DEE040D30A68815984

(Optional) Setting the Remit-to Supplier Override Option

1. In the Setup and Maintenance work area, go to the following:
2. Offering: Financials
3. Functional Area: Payables
4. Task: Manage Invoice Options, with the business unit scope set
5. Click Apply and Go to Task.
6. Select the Allow remit-to supplier override for third-party payments option to allow override of the remit-to supplier
on the invoice.

15.) Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the
purchase order?
 A. The user needs to specify which payment term to use.
B. The payment term of the purchase order overrides the invoice payment term.
C. The payment term of the invoice overrides the purchase order payment term.
D. The purchase order payment term cannot be overridden.
E. The user needs to manually change the payment term on the invoice to match the purchase order payment
term.

Reference:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/entpom01.htm

In the Match to PO window review the purchase order Payment Terms and optionally change the invoice Payment Terms in
the Invoices window. Payables uses the invoice payment terms to schedule invoice payment.

16.) 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 with country locale.
B. Create your template in the local language, then upload it to Business Intelligence (BI) under the
custom/payment folder under the templates region with English locale.
C. 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.
D. 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.

Reference:

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

What Is Template Translation?

Template translation is a feature of BI Publisher that enables you to extract the translatable strings from a single RTF-based
template (including sub templates and style templates) or a single BI Publisher layout template (.xpt file).

Use this option when you only need the final report documents translated. For example, you need to generate translated
invoices to send to German and Japanese customers.

Working with Translation Files

When you extract the translatable strings for a catalog or template translation, BI Publisher creates an XLIFF file that contains
the strings.

You can translate these strings within your organization or send the file to a localization provider. You then upload the
translated XLIFF file back to the catalog or the individual layout and assign it the appropriate locale.

This section describes how to work with an XLIFF file. It contains the following topics:

 What is an XLIFF?
 Structure of the XLIFF File

What Is an XLIFF?

XLIFF is the XML Localization Interchange File Format. It is the standard format used by localization providers. For more
information about the XLIFF specification, see http://www.oasis-open.org/committees/xliff/documents/xliff-specification.htm
 source-language and target-language attributes

The <file> element includes the attributes source-language and target-language. The valid value for source-language and
target-language is a combination of the language code and country code as follows:

 the two-letter ISO 639 language code

 the two-letter ISO 3166 country code

Note: For more information on the International Organization for Standardization (ISO) and the code lists, see International
Organization for Standardization.

For example, the value for English-United States is "en-US". This combination is also referred to as a locale.

When you edit the exported XLIFF file you must change the target-language attribute to the appropriate locale value of your
target language. The following table shows examples of source-language and target-language attribute values appropriate for
the given translations:

Translation (Language/Territory) source-language value target-language value

From English/US en-US en-CA

To English/Canada

From English/US en-US zh-CN

To Chinese/China

From Japanese/Japan ja-JP fr-FR

To French/France

17.) Which two statements are true when you are using the Intercompany Reconciliation Reports?
A. You must run the Prepare Intercompany Reconciliation Reporting Information process.
B. 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.
C. The reports will show the intercompany receivable and the intercompany payable lines generated by the
intercompany balancing feature.
D. The reports will include Ledger balancing lines 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.
E. You can drill down on the links in the Period Summary report to view the balances by Intercompany
Organization.

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9DAAC7706212CF48E040D30A6881766A

The reconciliation reports show the entered or transaction amount of the accounting entries booked to the intercompany
receivables and payables accounts for a pair of provider and receiver "legal entities". The accounted amounts may be different
when the "conversion rates" used for the intercompany receivables and intercompany payables are different. You can select to
run the reports using an additional currency and conversion rate that converts all amounts into a common currency for
comparison.

The intercompany reconciliation process starts with running the Prepare Intercompany Reconciliation Reporting
Information process. Select parameters to determine what data appears on your reports. For example, select the provider
legal entity and receiver legal entity.

Once the Prepare Intercompany Reconciliation Reporting Information process has completed successfully. Click the Refresh
icon to view the Reconciliation Period Summary report. This report displays the intercompany receivables and intercompany
payables balances in summary for a period, and any differences between them. Drill down on the links to view the balances by
 source and then by journal lines. You have full drill-down capabilities to the general ledger journal, subledger accounting entry,
and source receivables or payables transaction.

18.) You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?
A. Needs Revalidation
B. Not Validated
C. Not Required
D. Imported
E. Validated

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

Reference:

https://docs.huihoo.com/oracle/e-business-suite/12/doc.121/e12797/T295436T295439.htm

Use the Expense Reports window in Payables to enter Payables expense reports for your employees. You can also use this
window to review and modify any of the following expense reports:

 expense reports entered in the Payables Expense Reports window.

 expense reports entered in Oracle Projects and then transferred from Projects to Payables.

If you have paid advances to an employee you can use this window to apply advances to expense reports to reduce the
amount you pay. You can also apply a hold to an expense report to prevent payment. You can apply advances and holds to
expense reports that are from any source.

Before you can pay expense reports you must submit the Expense Report Export program which automatically creates
invoices from the expense reports. You can then use Payables to validate, pay, and account for the invoices. You cannot
view expense reports in this window if they have been purged. If you do not purge expense reports, you can still view
successfully imported expense reports in this window, but you cannot modify them.

20.) 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. For the Legal Jurisdiction, Legal function: Generate intercompany invoice should be assigned.
B. Schedule create accounting for the intercompany process.
C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions
to Payables.
E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany
transactions to Payables.
F. Manual Approvals should be allowed for the transaction type.

Reference:

21.) In what order should the import process be run when importing suppliers?
A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
B. Supplier, Supplier Site, Supplier Site Contacts, Supplier Site Assignments
C. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
D. any order
 Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_965BC589DBAD1F67E040D30A688123CF

Supplier Import processes are programs that you can use to import new supplier records from external systems and to update
and delete existing supplier records.

The following programs are used to import supplier information:

 Import Suppliers

 Import Supplier Addresses

 Import Supplier Sites (includes third-party payment relationships)

 Import Supplier Site Assignments

 Import Supplier Contacts (includes contact addresses import)

 Import Supplier Business Classifications

 Import Supplier Products and Services Categories

 Import Supplier Attachments

 Purge Supplier Interface Records

22.) Which two statements are true about processing corporate card expenses?
A. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
B. Usage policy for expense category tolerances does not apply to credit card expenses.
C. Card transactions will be paid directly from Expenses Cloud.
D. You can process payment for credit card using Electronic funds transfer, check, or wire.
E. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash
expenses.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/19d/fawde/credit-card-data.html#FAWDE1005001

23.) 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 be changed to February 20,2016, the same day of the
next period.
B. The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of the next
period.
C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.
D. The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next
period.

Reference:

https://rpforacle.blogspot.com/2019/01/what-is-unaccounted-transactions-sweep-program-in-oracle-apps.html

Unaccounted Transactions Sweep Program is uses in the Period Close Process. When we do the Period close process, we
need to clear all the Un accounted transactions for that period to close that period in the Oracle System. We have two ways to
clear these unaccounted transactions. Either we need to run the create accounting program to do the accounting of
these transactions in the Current month or We can clear these transactions by running the Unaccounted Transactions Sweep
Program which helps to transfers unaccounted transactions from one accounting period to another. The program re-dates all
accounting dates of all unaccounted transactions to the first day of the open period you specify.

,If your accounting practices permit it, you might want to use this program to re-date transaction accounting dates to another
open period. You can then close the accounting period from which Payables moved the invoices and payments.
24.) 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 Terminated.
C. The status of the payment file is Terminated.
D. The status of each payment in the payment file is Cancelled and the related documents are available for
future selection.
E. The status of the payment file is Cancelled.

Reference:

https://docs.oracle.com/cd/E48434_01/doc.1118/e49612/F1011879AN17393.htm

Stopping the Payment Process

You can decide to terminate the payment file. When you take this action, the application sets the status of the payment file
to  Terminated . Oracle Fusion Payments informs the source product of the terminated documents payable. Then for each
payment in the payment file, Payments sets the status to  Canceled. The source product unlocks the documents and resets
their status so that the documents are available for future selection.

25.) 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 that pays a prepayment that has been applied to an invoice.
B. A payment that has already cleared the bank.
C. A payment that has been accounted and posted to General Ledger.
D. A payment with the status of Issued.
E. A payment for an invoice with an associated Withholding Tax invoice.

Reference:

https://docs.oracle.com/cd/E48434_01/doc.1118/e49612/F1011879AN17393.htm

Can I void any type of payment?

Yes. However there are restrictions. The actions you can take on a payment depend on the type and status of the payment.

Restriction

 You cannot void a payment for a prepayment that is applied. You must first unapply the prepayment, then you can void it.
 You cannot initiate a stop payment for a prepayment that is applied.
 You cannot reissue a payment for documents with a bills payable or electronic payment method.

If the bank confirms that the payment has not cleared and was stopped, you can void the payment to reverse the accounting
and payment records.

26.) Identify what Oracle considers two best practices when setting up Payables and Receivables account access for
bank reconciliation.
A. Do not assign bank accounts to business units.
B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-to-bank reconciliation.
C. Business units must be granted access to the bank account.
D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned
access.
 E. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank
account by users and roles is No.

Reference:

https://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20375/F569961AN6B1C6.htm

Payables and Receivables account access is secured by business unit. In addition to selecting the appropriate application use
or uses, one or more business units must be granted access before the bank account can be used by Payables and
Receivables. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access

27.) Identify two ways the invoice imaging solution works in the Cloud.
A. Customers cannot use invoice imaging in the Cloud.
B. Customers scan and store the invoice images on-premise and attach them during invoice entry.
C. Customers ask their suppliers to scan and email the invoice.
D. Customers ask suppliers to send electronic invoices.
E. Customers scan the invoice on-premise and email the images.

28.) What is the result of voiding a payment?

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

Reference:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt05.htm

When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will
have the correct information, and so the status of the paid invoices is reset to Unpaid. Payables also reverses any realized
gains or losses on foreign currency invoices recorded as paid by the payment.

When you void a payment, you can select the action you want Payables to take on the invoices paid by the void payment. You
can choose to place the invoices on hold, cancel the invoices, or do nothing with the invoices, leaving them available for
payment.

If you enable the Allow Interest Invoices option for a supplier site, Payables automatically reverses all related interest invoices
when you void a past-due payment for the supplier site.

If you withhold taxes at payment time and you void a payment that paid an invoice with an associated withholding tax invoice,
then Payables will automatically create an invoice for the tax authority supplier to offset the amount of the withholding tax
invoice. You determine when you withhold taxes by the Apply Withholding Tax option you select in the Payables Options
window.

Attention: Since you cannot reverse a void on a void payment, you should have the payment you want to void in your
possession or proof that it has been destroyed before you record it as void. You may also want to review the invoices
paid by that payment before you void it, to make sure that you are voiding the correct payment. You can review these
invoices in the Invoice Workbench.

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

A. Essbase Cube
B. Smart View
C. Oracle Transactional Business Intelligence (OTBI)
D. Oracle Business Intelligence Applications (OBIA)
E. Oracle Financial Reporting (FR)

Reference:

https://learn.oracle.com/ords/launchpad/learn?page=an-overview-of-financial-reporting-center&context=0:39921:39942
 Financial Reports – these are big-picture reports, mainly run in General Ledger. They're built from the Oracle Financial
Reporting Studio, using data in the Oracle Fusion General Ledger balances cube. Examples include company income
statements and balance sheets.

Oracle Transactional Business Intelligence Analyses – these analyses and reports are built from transactional tables using
subject areas. You can run them in many places, including General Ledger, Payables, Receivables, Cash Management,
Intercompany and others.

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

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20a/faiex/expense-policies-and-rules.html#FAIEX195657

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

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20a/faiex/expense-policies-and-rules.html#FAIEX1046765

In the Policy Enforcement section on the Create Entertainment Policy page, you decide whether to enforce the entertainment
expense policy. To enforce it, select one of the following:

 Reimburse only the rate limit amount when an expense exceeds the defined rate. For example, if the rate limit is 25 USD
for a gift to a customer and an employee spends 30, he is reimbursed 25.
 Generate a policy violation when an expense exceeds the defined rate.
o Warning: A percentage is used to calculate a warning. The warning tolerance amount is calculated as follows:

CopyPolicy Rate * (1+Warning Tolerance/100)

If you submit an expense in a report that has an amount that is greater than the warning tolerance, you will see a warning if
the Display warning to user check box is selected in the Policy Enforcement section on the Create Entertainment Policy
page.

Note: A warning is always displayed to the approver, whether or not the Display warning to user check box is selected.

o Error: A percentage is used to calculate an error. The error tolerance amount is calculated as follows:

CopyPolicy Rate * (1+Error Tolerance/100)

If you submit an expense in a report that has an amount that is greater than the error tolerance, you're prevented from
submitting the expense report.
32.) 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.

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_A87306EB5A7752DFE040D30A68817FB2

For perpetual, or on-receipt accrual accounting, the receiving transaction automatically creates a receipt accrual journal entry
that debits the receipt inventory and credits uninvoiced receipts. After the received material is delivered to its final destination,
the receipt inventory account is cleared and the material account is debited.

For period end accrual, no accounting is created at either material receipt or at delivery to the final destination.

Note: Period end accrual applies only to expense items because inventory items are always accrued on receipt.

For perpetual accrual accounting, you don't have to run the Create Uninvoiced Receipts Accruals process.

For period end accrual accounting, if the invoice for the receipt isn't created by period end, run the Create Uninvoiced Receipt
Accruals process. The process generates the accrual and creates a reversing journal with an incomplete status. You must run
the Create Accrual Reversal Accounting process to change the journal status to Complete and transfer the journal to the
general ledger.

For perpetual accrual accounting, the invoice accounting debits the accrual account and credits the liability account.

For period end accrual accounting, the invoice accounting debits the expense account and credits the liability account.

33.) Which two statements are true about the Invoice Validation process?
A. creates withholding tax invoices, if withholding tax is enabled to create withholding tax at payment, so that you
can make payment on this invoice
B. validates project information
C. updates supplier balances
D. creates tax lines and distributions
E. creates accounting entries in draft

Reference:

https://learn.oracle.com/ords/launchpad/learn?page=managing-invoice-validation-holds-and-
accounting&context=0:39705:39706

Whether you validate an invoice by selecting the Validate Invoice action, or by running the Validate Payables Invoice process,
the process will do the following:

 Generate invoice distributions based on:

 Line information such as default distributions, distribution sets, and overlay distributions.
 Freight or miscellaneous charge allocations.
 Calculate tax.
 Create tax lines and distributions.
 Calculate withholding.
 Create withholding invoices.
 Check for variances between ordered, received, consumed, and invoiced quantities or amounts.
 Apply or release holds.
 Validate project information.
  Check conversion rate information.
 Check period status.
 Reserve funds for invoices requiring budgetary control and place holds for insufficient funds and other budgetary control
validation errors.

34.) What two job roles are required to access information within Functional Setup Manager?
A. Application Implementation Manager
B. Any Functional User
C. Application Implementation Consultant
D. Functional Setup Manager Superuser
E. IT Security Manager

35.) Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the
Payables Integrated Imaging solution?
A. Manage Invoices page
B. C-level executives
C. Invoices Workarea only
D. Payables Dashboard only
E. Payables Dashboard and Invoices Workarea

Reference:

https://docs.oracle.com/en/cloud/saas/financials/19d/faipp/automated-invoice-processing-configuration.html#FAIPP908615

Here's a summary of the steps in the imaging process followed by details of the processing flow.

1. To use the integrated invoice imaging solution, you must have a designated e-mail account to send the invoice images.
When you sign up for the Oracle Cloud Application Service, you're provided with one.
2. After you have the e-mail account, prepare the invoices for processing.
o If your business process is to receive invoice images from your suppliers, communicate to them your imaging
requirements. The suppliers can then e-mail the invoice images directly to the designated e-mail account.
o If you receive paper invoices, prepare images from the invoices and send the images to the e-mail account.
3. Once the images are sent to the e-mail account, the imaging solution retrieves them for further processing. The solution
checks for new images every minute and creates invoices from the images.
4. If any exceptions occur during automatic invoice creation, the invoices are marked as incomplete and routed to
accounts payable personnel for review and completion. The incomplete invoices appear in the Scanned
information tile on the Invoices landing page.
5. After the rest of the invoice processing tasks are finished, such as validation and approval, the invoices are ready for
payment.

36.) 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 as the owner of each business unit on the Manage Business Unit Set
Assignments page.
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 segment value security rules to secure access to
the business units.
D. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit
to the role.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20a/fawde/expense-report-audit.html#FAWDE674779

You can enable expense auditors to audit expense reports for specific business units by assigning them specific expense
auditor data roles for the business units. For example, to allow an expense auditor to audit reports for the Vision Operations
business unit, assign the Expense Auditor Vision Operations data role to the auditor.
37.) 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 specified a Business Unit in the parameters when running the extract.
C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
D. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20a/ocuar/oracle-fusion-payables-reports.html#OCUAR444681

You must assign the financial category of Accounts Payable to all of your liability natural account values. You perform this
task on the Manage Values page for the value set associated with the natural account segment of your chart of accounts.

38.) 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 the Invoice Number is the same.
B. Make sure all the invoice dates are the same.
C. Assign the same Invoice Header Identifier to multiple invoices you want to group.
D. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in
the same spreadsheet.
E. Enter a value in the Invoice Group field to group similar invoices into a batch.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/18c/fappp/invoices.html#FAPPP592120

What's an invoice group?

An invoice group is a collection of invoices that the application uses as:

 A parameter for the Validate Payables Invoice process

 A parameter for some payables reports
 One of the selection criteria for a payment process request

When you submit the import process, you must specify a source and you can optionally specify a group. Processing records by
group enables you to concurrently import or purge records for the same source. You might want to assign a group ID if you're
processing a large number of records.

39.) The payment build program has completed but with errors. When submitting the payment process request, which
processing option is used to review the error messages from the Manage Payment Process Request Inquiry?
A. Set the validation failure handling for documents to “show errors”.
B. Set the validation failure handling for payments to “stop process for review”.
C. Set the validation failure handling for payments to “show errors”.
D. Enable debug for the payment format program.

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9F03EF4829E5E14EE040D30A68810CE2

Some installments failed validation and the option for handling document validation failures is set to Stop process for review.
Manual review is required.

40.) 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 the allocation rules from the allocation manager.
C. You can export and import the approval rules from the approval management engine.
 D. You can export and import selected business units.
E. You can export and import selected business object services.

Reference:

https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oafsm/exporting-and-importing-setup-
data.html#OAFSM2838435

41.) Which three are attributes that are recognized by Invoice Imaging?
A. Terms Date
B. Payment Method
C. Invoice Date
D. PO Number
E. Invoice Number

42.) Which component is not included in the security architecture for credit card data and bank account data
encryption?
A. Oracle Wallet
B. Supplier master encryption key
C. Sensitive data encryption and storage
D. Payments subkeys
E. Payments master encryption key

Reference:

https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110443AN8F559.htm

When you enable encryption in Payments, you create one system-level security key, which is a 168 bit 3-DES key. The system
key is the encryption master key for the entire installation. It is stored in an Oracle Wallet file and is used to encrypt Payments
system subkeys. The Encryption feature enables you to rotate the system key. System key rotation changes the subkey data,
but does not result in a re-encryption of the credit card numbers or bank account numbers. To secure your payment instrument
data, your security policy should include a regular schedule to rotate the system keys.

The security architecture for credit card data encryption and bank account data encryption is comprised of the following
components:

 Oracle Wallet Manger

 Oracle Wallet file
 System key
 System subkeys
 Credit card number storage
 Bank account number storage

43.) 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 10. The total expense is $12,000 and it covers
the rental period from Jan 1st to Mar 31st. Assuming that the rental expenses are split evenly per month and a
monthly accounting calendar is used, what would the accounting entry be?
A. On Jan 10 th , Debit Prepaid Expense for 12,000 and Credit Liability 12,000
B. On Jan 31 st , Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Feb 28 th , Debit
Rental Expense for 4,000 and Credit Prepared Expense for 4,000
C. On Jan 10 th , Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and then On Jan 31 st , Debit
Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Feb 28 th , Debit Rental Expense for 4,000
and Credit Prepared Expense for 4,000 On Mar 31 st , Debit Rental Expense for 4,000 and Credit Prepared
Expense for 4,000
D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000 On Jan 10 th , Debit
Rental Expense for 12,000 and Credit Cash for 12,000
 Reference:

https://support.oracle.com/epmos/faces/DocumentDisplay?
_afrLoop=545444541783370&parent=EXTERNAL_SEARCH&sourceId=HOWTO&id=2229835.1&_afrWindowMode=0&_adf.ct
rl-state=1baa17y7dv_4

Steps for multiperiod accounting

1. Create an invoice. Enter the values for multiperiod start and end date and multiperiod accrual account.
2. Validate the invoice.
3. Account the invoice in online mode on through batch accounting program.
4. At the end of each accounting period submit the Multiperiod Accounting Program (newly introduced) to recognize the
expenditure for the relevant accounting program.
5. View the basic accounting as well as multiperiod recognition entries.

For example, an invoice for a 3 months lease is entered in Jan 10th. Total expense is $12000 and it covers rental period Jan 1
to Mar 31. Assuming rental expenses is split evenly per month and Monthly accounting calendar is in use, the accounting
entries are:

Basic Accounting

Accountin Dr/ Journal Accounte Accounte

g Date Cr d Debit d Credit
Jan 10th Dr Prepaid Expense 12000
Cr Liability 12000

Mulitperiod Accounting Recognition Journals

Accountin Dr/ Journal Accounte Accounte

g Date Cr d Debit d Credit
Jan 31st Dr Rental Expense 4000
Cr Prepaid Expense 4000
Feb 28th Dr Rental Expense 4000
Cr Prepaid Expense 4000
Mar 31st Dr Rental Expense 4000
Cr Prepaid Expense 4000

44.) Which three types of payments can you make if you have access to Disbursement Process Management Duty?
A. Reimbursement of employee expense reports
B. Employee advances
C. Supplier payments
D. Customer refunds
E. Ad hoc payments

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_E33958712549E900E040D30A6881023A

Granting Payment Function Access is an optional Oracle Fusion Payments setup task in Setup and Maintenance. To disburse
payments, the Oracle Fusion Payables administrator grants you access to the predefined duty role called Disbursement
Process Management Duty. You perform the Granting Payment Function Access set up task only to restrict the Disbursement
Process Management Duty role.

With access to the Disbursement Process Management Duty, you can make the following types of payments:

 Customer refunds
 Supplier payments
 Reimbursement of employee expense reports
45.) Select three reasons why you cannot close your Payables period.
A. open intercompany transactions
B. unapplied prepayments
C. suppliers on payment holds
D. bills payable requiring maturity
E. unaccounted invoices and payments

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9DE8D32BDBE0FBADE040D30A688146CA

Summarizes the exceptions for each business unit within the ledger, and indicates whether you have access to that business
unit. Business unit access can affect your ability to close the period or resolve exceptions.
The types of exceptions reported are:
 Unaccounted invoices
 Unaccounted payment activity
 Bills payable requiring maturity event and accounting
 Incomplete payment process requests
 Open intercompany transactions
 Other exceptions

46.) 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 selected and a discount of $50 USD (the second discount) is applied.
B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option
was enabled.
D. The installment is selected but no discount is applied because the payment date is after the discount dates.

E. The installment is not selected because the first discount date is before the Pay Through Date.

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?
A. The installment is not selected because the discount dates are before the Pay Through Date.
B. The installment is selected and no discount is applied.
C. The installment is not selected because the due date is after the Pay Through Date.
D. The installment is selected and a discount of $50 USD is applied.
E. The installment is selected and a discount of $150 USD is applied.

48.) Which statement is true about selecting a bank account on the Create Payment page?
A. LE on the bank account should be different from the LE on the invoice.
B. Bank account must match the supplier’s bank account.
C. Users can pick any bank account as long as the bank account is tried to the business unit.
D. There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is
setup in their system.
E. LE on the bank account should be equal to LE on the invoice.
49.) You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the
supplier, and you decide to return the entire order. What should you do?
A. Cancel the invoice, which debits the liability and credits the expense.
B. Issue a credit memo, which will debit the liability and credit the expense.
C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, 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.

50.) 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 status remains Pending Payables Approval.
B. The expense report is routed back to the approvers.
C. The employee must reply to the notification before the reimbursement process can continue.
D. The employee must resubmit the expense report.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/19d/fawde/expense-report-audit.html#FAWDE656029

To request more information for an expense report, select the Request More Information option from the Actions menu in
the header of the Audit Expense Report page. The employee receives a notification that includes the reason for the request,
specific instructions, and any additional instructions from you. Selecting the Request More Information action results in the
following:

 The employee doesn't need to resubmit the returned expense report. He can optionally reply to the notification.
 The expense report status remains Pending Payables Approval.
 You can complete the audit before the requested information is received from the employee.

51.) 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 real-time transactions and those that are not, are based on
historical data.
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. There is no difference.
D. The Real Time subject areas are based on subledger transactions and the ones that are not are based on
general ledger balances.

Reference:

https://docs.oracle.com/cloud/farel8/common/OATBI/postinstallation.htm#OATBI218

In Oracle Fusion applications, there are two types of subject areas:

 Subject areas whose names usually end with Real Time and access real-time (transactional) data

 Subject areas whose names usually do not end with Real Time and access data warehouse data.

Many Fusion applications, especially dashboards, contain pre-built analyses which do not access real-time data. Instead, they
access data warehouse data. If you have not completed the post-provisioning steps to setup and configure a data warehouse,
attempting to run a pre-built analysis in these Fusion applications will result in ODBC driver errors. For example, many
dashboards pull data from the data warehouse and attempting to run an analysis from these dashboards, if the data
warehouse has not been set up and configured, will generate errors.

52.) 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 chose the Apply Credits Up to Zero Amount option when submitting a Payment Process
Request?
 A. Both the invoice and the credit memo are included in the Payment Process Request.
B. Neither the invoice nor the credit memo is included in the Payment Process Request.
C. Both the invoice and the credit memo are fully paid.
D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F77

When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option.
Enabling the option causes the payment process to apply credits when the credits reduce the payment amount less than zero.

The following scenarios illustrate the impact of this option.

Invoice Amount Greater Than Credit Amount

An invoice for 200 USD and a credit memo for 125 USD are due for payment. The option setting has no effect because the
payment amount with the applied credit is 75 USD, which is greater than zero.

Credit Amount Greater Than Invoice Amount

An invoice for 200 USD and a credit memo for 225 USD are due for payment.

The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero
amount payment option.

Setting Payment Processing

Enabled Applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining
credit is 25 USD.

Disable Doesn't select the invoice or credit memo for payment because the credit reduces the payment to -25
d USD, which is less than zero.
Note: If you centralize payment processing using the "service provider model", invoices and credit memos are first grouped
together across the "invoice business units". The payment process then determines whether to apply the credits.

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

Reference:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt05.htm#t_pmt_void

When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will
have the correct information, and so the status of the paid invoices is reset to Unpaid. Payables also reverses any realized
gains or losses on foreign currency invoices recorded as paid by the payment.

When you void a payment, you can select the action you want Payables to take on the invoices paid by the void payment. You
can choose to place the invoices on hold, cancel the invoices, or do nothing with the invoices, leaving them available for
payment.

If you enable the Allow Interest Invoices option for a supplier site, Payables automatically reverses all related interest invoices
when you void a past-due payment for the supplier site.

If you withhold taxes at payment time and you void a payment that paid an invoice with an associated withholding tax invoice,
then Payables will automatically create an invoice for the tax authority supplier to offset the amount of the withholding tax
 invoice. You determine when you withhold taxes by the Apply Withholding Tax option you select in the Payables Options
window.

Attention: Since you cannot reverse a void on a void payment, you should have the payment you want to void in your
possession or proof that it has been destroyed before you record it as void. You may also want to review the invoices
paid by that payment before you void it, to make sure that you are voiding the correct payment. You can review these
invoices in the Invoice Workbench.

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

55.) 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. Receipts are not required if the expense item falls within Per Diem Rates.
C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
D. An expense report may require original, imaged, or both types of receipts.

56.) 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. Neither the invoice nor the credit memo are included in the payment process request because the credit
reduces the payment amount below zero.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. 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.
D. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F77

When you submit a "payment process request", you can enable the Apply credits up to zero amount payment option.
Enabling the option causes the payment process to apply credits when the credits reduce the payment amount less than zero.

The following scenarios illustrate the impact of this option.

Invoice Amount Greater Than Credit Amount

An invoice for 200 USD and a credit memo for 125 USD are due for payment. The option setting has no effect because the
payment amount with the applied credit is 75 USD, which is greater than zero.

Credit Amount Greater Than Invoice Amount

An invoice for 200 USD and a credit memo for 225 USD are due for payment.

The following table describes the payment processing that occurs based on the setting for the Apply credits up to zero
amount payment option.

Setting Payment Processing

Enabled Applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining
credit is 25 USD.
 Disable Doesn't select the invoice or credit memo for payment because the credit reduces the payment to -25
d USD, which is less than zero.
Note: If you centralize payment processing using the "service provider model", invoices and credit memos are first grouped
together across the "invoice business units". The payment process then determines whether to apply the credits.

57.) 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. Payables Manager can release payment holds in Payables.
C. The employee’s supervisor can manually release the hold.
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.

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_AE325FCD1DFBE43FE040D30A6881317B

You can set up expense report payment hold rules for individuals and corporate card issuers in the Expense Report Payment
Hold section on the Create Receipt and Notification Rule page. You can then schedule and periodically run the Process
Expense Report Reimbursement process to check whether any payment hold rules are in effect.

An expense report payment hold rule is a component of the receipt and notification rule that is assigned to a specific business
unit. A payment hold rule places current or future expense reports on hold when receipts aren't received or when they're
overdue. When expense report payment hold rules are implemented, reimbursement to the individual or payment to the
corporate card issuer can't occur until expense report holds are released.

The Process Expense Report Reimbursement process also checks whether expense report payment holds can be released.
Payment holds are released when:

 The expense auditor manually releases the payment hold on the Audit Expense Report page by selecting the Release
Hold option on the Actions menu.
 Based on receipt status, Expenses detects that receipts are received, waived, or declaration received and automatically
releases the payment hold.

58.) Which reports can show you differences between your subledger balances and general ledger balances to help
you reconcile quickly?
A. Payables to Ledger Reconciliation report
B. Payables Aging reports with the General Ledger Trial Balance report
C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
D. Payables Trial Balance and General Ledger Trial Balance reports

59.) 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.

60.) 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. Invoice will not be processed.
B. The system will issue an error message after the approval has been initiated.
C. Invoice will be sent to User 1 for approval.
D. Invoice will be auto-approved.
 ??

61.) 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 pays only $200 USD alone.
B. 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.
C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
D. 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.

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F77

62.) 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 accounting in draft mode
B. by changing the tax status to test and then entering a payables invoice
C. by creating a payable invoice, and by validating and reviewing the tax application
D. Oracle Transactional Business Intelligence (OTBI)
E. by using Tax Simulator to test

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_9E8B1FE9011A15B8E040D30A68812E23

Use the Tax Simulator to create a simulated transaction and analyze the tax calculations of your transaction before you enable
your setup for live data or to troubleshoot existing tax setup. Use the header level details in the Tax Simulator to troubleshoot
issues where tax is not calculated as expected.

63.) 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 Payment Options page so they default onto the invoice.
B. Enter the payment terms at the Supplier level so they default onto the invoice.
C. Enter the payment terms at the supplier site level 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 in the Manage Invoice Options page so they default onto the invoice.

Reference:

https://docs.oracle.com/cd/E48434_01/doc.1118/e49612/F1011878AN100C1.htm

If you enter an Identifying PO on an invoice, the purchase order provides the default payment terms. If you do not enter
an Identifying PO, the supplier site provides the default payment terms. If there are no payment terms for the supplier site, the
payment terms from the Manage Invoice Options page are used. You can override the default payment terms on any invoice.

64.) Which two statements about the submission of invoices by suppliers using Supplier Portal are true?
A. A supplier can make changes to the invoice after submitting it.
B. A supplier can submit a single invoice against multiple purchase orders across different currencies and
organizations.
C. 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.
D. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully
billed.
E. A supplier can validate the invoice after submitting it.

Reference:
 https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm#T463300

If your buying company has implemented Oracle Payables, you may submit invoices online.

You can submit an invoice online to the buying company based on the purchase order lines you have fulfilled. You need to
only identify those items shipped and enter a quantity. You can invoice against open, approved, standard, or blanket purchase
orders that are not fully billed. You can enter a credit memo against a fully billed purchase order (use negative quantity
amounts to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and organization
of all items on an invoice must be the same. The organization is the entity within the buyer's company that you are invoicing.

You can also partially complete an invoice, save it, and submit it later.

After you submit an invoice, you cannot change the invoice. If you need to make adjustments to a submitted invoice, you can
create a credit memo against the same purchase order items to net out the invoice charges. The purchase order will then be
available for a new invoice.

In some cases, there will be no matching purchase order. If you have provided a service, to the buying company, for example,
landscape services, the buying company may not have submitted a formal purchase order. You can submit invoices in these
cases as well.

65.) 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 a list of approvers who review payments and make final payment decisions.
D. It defines when to initiate the payment approval process.
E. It determines which payments must go through the payment approval process.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20b/faipp/disbursements.html#FAIPP2127846

Before you can configure payment approval rules, your company must define a payment approval policy. The payment approval
policy defines:

 When to initiate the payment approval process

 Criteria for triggering the payment approval process, such as payment amount, bank account, or pay group
 A list of approvers who review payments and make final payment decisions

Your company's payment approval policy:

 Determines which payments must go through the payment approval process

 Allows approvers to review payments and decide whether or not to approve the payment.

66.) 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. Voided
B. Negotiable
C. Stop initiated
D. Available
E. Canceled
F. Cleared

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_9E2AD41142932382E040D30A68812A24
 Action Taken Status of the
Payment

One of the following actions was taken: Negotiable

 A payment was created and ready to be cashed by a supplier.
 A request to stop a payment was canceled.
 A bills payable payment matured and you submitted the Update Matured Bills Payables Status
process to change the payment status from Issued to Negotiable.

67.) 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. three procurement business units
B. one business unit per supplier
C. five sold-to business units
D. four requisition business units
E. twelve business units per supplier

68.) Which attributes on the payables invoice can be used during approval rule creation?
A. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
B. company and cost center segment only
C. supplier only
D. cost center segment and supplier only

69.) Identify three scenarios where you are not allowed to cancel an invoice.
A. Prepayments were applied to the invoice.
B. An accounting entry has been created for the invoice.
C. The invoice is validated.
D. The invoice is fully or partially paid.
E. The invoice was adjusted by a credit or a debit memo.

Reference:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/invadj12.htm

CANCELLING INVOICE RESTRICTIONS:

INVOICES TO WHICH YOU HAVE APPLIED PREPAYMENTS: You cannot cancel an invoice to which you have applied a
prepayment. You must first reverse the prepayments.

INVOICES YOU HAVE MATCHED TO PERMANENTLY CLOSED PURCHASE ORDERS: You cannot cancel an invoice that
you matched to a permanently-closed purchase order.

PREPAYMENTS: You cannot cancel a prepayment that you have applied to an invoice. You must first unapply any
prepayments and void the payment that paid the prepayment. You can then cancel the prepayment.

GL DATE: You cannot change the GL Date if you use Encumbrance and the distribution has been encumbered or is part of a
reversal pair.

70.) You want to customize the Payables Invoice Register template to only display invoices when the Supplier name
is Company A. Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?
A. Insert the syntax <?if:VENDOR_NAME= ˜COMPANY?> before the Supplier field on the template. Then, enter
the <?end if?> tag after the invoices table.
B. Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag </<?if:condition?>.
C. Insert the syntax <?if: Company?> before the Supplier field and then enter the closing tag </<?if:company A?
> after the invoices table.
 D. Hard code Supplier Name Company A in the report template and only invoices for that supplier will be
displayed.

Reference:

http://pradiptaoracleapps.blogspot.com/2016/03/xml-publisher-report-bi-publisher.html

To set up the Payables Invoice Register to display invoices only when the Supplier name is "Company A", insert the syntax <?
if:VENDOR_NAME=’COMPANYA’?> before the Supplier field on the template. Enter the <?end if?> tag after the invoices
table. Note that you can insert the syntax in form fields, or directly into the template.

71.) 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. Manually enter the 1099s for the State and submit.
B. Generate a 1096 form and submit it instead.
C. Run and submit your 1099s because it will automatically reflect any changes.
D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

72.) 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 for your business unit.
B. You did not specify a default expense template.
C. Only cash transactions use those settings.
D. You did not define conversion rates in the General Ledger Cloud.

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97052925D5C88416E040D30A68810C4E

Specifying a Conversion Rate Policy

You can define conversion rate behavior for each business unit in your company. These definitions enable you to enforce
conversion rate policies and to validate the conversion rates that employees enter for foreign currency receipts. If you enter a
conversion rate value in an expense report, or override a defaulted value, the value you enter is validated against the current
conversion rate definitions.

Note: Conversion rate behavior applies only to cash expenses, not to corporate card expenses.

You can specify the following conversion rate behavior on the Edit Conversion Rates and Policies page:

 Type of conversion rate, whether Corporate, Spot, or User

 Whether you want the conversion rate to default onto a newly created expense report
Note: The default conversion rate is only applicable to cash transactions.

 Warning and error tolerance percentages so the application knows when to warn the user, if opted, of a conversion rate
policy violation or, in the case of an error, actually prevent submission of the expense report

 Warning and error tolerance percentages, if opted, for specific currencies

73.) 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. ability to enter a high volume of invoices via a spreadsheet
C. ability to correct errors and re-import invoices directly from a spreadsheet
D. identification of errors with clear error messages at the invoice header level only
E. ability to correct errors within the spreadsheet and send invoice corrections for approval
74) 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.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/18b/faigl/intercompany-setup.html#FAIGL660078

Before setting up intercompany system options, you must determine how to process your intercompany transactions. For
example, to:

 Enforce an enterprise-wide currency or allow intercompany transactions in local currencies.

 Allow receivers to reject intercompany transactions.
 Determine the minimum transaction amount that is processed.

 Intercompany Currency
Standardize transaction processing by selecting an intercompany currency. Intercompany transactions created in the
Intercompany module are always entered in this currency. This simplifies transaction processing and eliminates foreign
conversion rate fluctuation risks. If you select an Intercompany currency, that currency is defaulted into the Minimum
Transaction Currency field. It overwrites any other currency in that field and the field cannot be updated.

 Minimum Transaction Amount

The minimum transaction amount represents a minimum threshold intercompany transaction amount. This amount
prevents the submission of immaterial transactions for small amounts that do not add value. To implement this rule, you
must first select an Intercompany currency. That currency is defaulted into the minimum transaction currency for
processing intercompany transactions. These two system options ensure that when comparing a transaction amount to
the minimum transaction amount, the two numbers are entered in the same currency, allowing for an accurate
comparison.

75) 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

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_8C8EAACABBBE2602E040D30A688175E7

76) What are the output formats supported for Electronic and Check format programs?
A. Electronic output format of etext. Check output format of rtf
B. Electronic output format of Text, Check output format of Text
C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
D. Electronic output format of PDF, Check output format of PDF
E. Electronic output format of XML, Check output format of rtf
77) Select three statements about the submission of invoices by suppliers using Supplier Portal.
A. A supplier can submit a single invoice against multiple purchase orders across different currencies and
organizations.
B. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully
billed.
C. A supplier can validate the invoice after submitting it.
D. A 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 not make changes to the invoice after submitting it.

Reference:

https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm

If your buying company has implemented Oracle Payables, you may submit invoices online.

You can submit an invoice online to the buying company based on the purchase order lines you have fulfilled. You need to
only identify those items shipped and enter a quantity. You can invoice against open, approved, standard, or blanket purchase
orders that are not fully billed. You can enter a credit memo against a fully billed purchase order (use negative quantity
amounts to enter a credit memo), as well as invoice against multiple purchase orders. However, the currency and organization
of all items on an invoice must be the same. The organization is the entity within the buyer's company that you are invoicing.

You can also partially complete an invoice, save it, and submit it later.

After you submit an invoice, you cannot change the invoice. If you need to make adjustments to a submitted invoice, you can
create a credit memo against the same purchase order items to net out the invoice charges. The purchase order will then be
available for a new invoice.

In some cases, there will be no matching purchase order. If you have provided a service, to the buying company, for example,
landscape services, the buying company may not have submitted a formal purchase order. You can submit invoices in these
cases as well.

78) 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.

Reference:

https://docs.oracle.com/en/cloud/saas/financials/20b/fappp/payments.html#FAPPP583541

Why didn't an installment get selected for payment?

An installment can meet the selection criteria of a payment process request, but not get selected for payment for one or more
reasons. You can review installments that weren't selected for payment and the reasons they weren't selected, on the Not
Selected tab on the Review Installments page.

Here are the reasons why an installment might not get selected for payment.

 An approver rejected the invoice.

 The calculation for withholding tax ended in error.
 A credit reduced the payment amount to less than zero.
  The invoice must be revalidated.
 The invoice requires approval.
 The invoice was never validated.
 The payment date is in a closed period.
 Having the payment date before the system date isn't allowed.
 The installment is on hold.
 The supplier site is on payment hold.
 The installment was manually removed from the payment process request.
 Zero amount installments are excluded from payment.

79) 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 intercompany 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.

Reference:

https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_A171B08E6854B20AE040D30A68810FBA

While copying the Receivable transaction information to the Payables interface tables, the transaction business category of
SALES_TRANSACTION available on the Receivables transaction is replaced with PURCHASE_TRANSACTION. If there are
any specific tax rules driven based on the transaction business category, you must configure them for both Receivables and
Payables transactions.

To apply the same tax on the Payables transaction that is calculated on the Receivables transaction, ensure that both the
receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

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

Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_F262E208A16408DEE040D30A68815984

(Optional) Setting the Remit-to Supplier Override Option

1. In the Setup and Maintenance work area, go to the following:
2. Offering: Financials
3. Functional Area: Payables
4. Task: Manage Invoice Options, with the business unit scope set
5. Click Apply and Go to Task.
6. Select the Allow remit-to supplier override for third-party payments option to allow override of the remit-to supplier
on the invoice.