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NEW QUESTION 43
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this? (Choose two.)
- A. Define the Disbursement Bank Account to every supplier.
- B. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
- C. Create a Payment Process Request template that includes the Disbursement Bank Account.
- D. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- E. Define the Disbursement Bank Account to the Payment Method in payment default rules.
Answer: B,C
Explanation:
Explanation
D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request template, a disbursement bank account and a payment process profile default from the template.
DE:The following options affect payment processing:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION 44
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. Assign the expense auditors job role and business unit security context and value to the user.
- C. Create your own audit extension rules that correspond to the business unit.
- D. Make auditors the managers of the corresponding business unit to route expense reports properly.
Answer: B
NEW QUESTION 45
You have enabled Payment Approval for your payment process requests (PPR).
At what stage of the PPR is the payment approval process automatically triggered?
- A. Review Proposed Payments
- B. Build Payments
- C. Create Payment Files
- D. Review Installments
Answer: C
NEW QUESTION 46
You need to enter a high volume of users into the system. What is Oracle's recommendation to do this?
- A. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.
- B. use the spreadsheet of Oracle Identity Manager (OIM) to import users.
- C. Use the Enter a Supplier user interface and enter each user manually.
- D. Use the Hire an Employee user interface and enter each user manually.
Answer: A
Explanation:
Explanation
If you have batch of users that have to be created, the Oracle team can bulk load the users into the OIM Application.
References:http://docs.oracle.com/cd/E79623_01/rms/pdf/160C/html/admin_guide/tasks.htm
NEW QUESTION 47
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. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
- B. You cannot update the minimum transaction currency when intercompany currency is entered.
- C. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
- D. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
- E. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
Answer: A,C
Explanation:
Explanation
Define intercompany system options to set up intercompany processing rules at the enterprise level, based on your specific business needs.
Minimum Transaction Amount
The minimum transaction amount represents a minimum threshold intercompany transaction amount, and prevents the submission of immaterial transactions for small amounts, which are non-value added. In order to implement this rule, you must select a minimum transaction currency for processing intercompany transactions. These two system options must be related to 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.
References:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110451AN99BEF.htm
NEW QUESTION 48
How will system evaluate the tolerances for expense reports?
- 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 warning tolerance as Policy Rate * (1+Warning Tolerance/100).
- D. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
- E. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
Answer: C
Explanation:
Explanation
Error: A percentage is used to calculate an error. The error tolerance amount is calculated as follows:
Policy Rate * (1+Error Tolerance/100)
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm
NEW QUESTION 49
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? (Choose two.)
- 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 of receipts.
- C. Receipts are not required if the expense item falls within Per Diem Rates.
- D. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
Answer: B,D
Explanation:
Explanation
Your company periodically schedules and runs the Generate Overdue and Missing Receipts Notification process that generates overdue receipt notifications.
If receipts are overdue and setup requires that the individual be notified, then Expenses automatically sends a notification to the individual to inform him that receipts are overdue.
An expense report may require original, imaged, or both types of receipts.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
NEW QUESTION 50
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this? (Choose two.)
- A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- B. Create a Payment Process Request template that includes the Disbursement Bank Account.
- C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
- D. Define the Disbursement Bank Account in the Payment tab at the supplier site level.
- E. Define the Disbursement Bank Account to the Payment Method in payment default rules.
Answer: A,B
NEW QUESTION 51
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 common options for Payables and Procurement and Manage Procurement agents
- C. Manage Invoice Options and Manage Procurement agents
- D. Manage Payable Options and Manage Invoice Options
- E. Manage Payment Options and Manage common options for Payables and Procurement
Answer: D
Explanation:
Explanation
You can change the conversion rate type at invoice entry or payment creation time.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIPP/FAIPP1470345.htm
NEW QUESTION 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? (Choose two.)
- A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
- B. Neither the invoice nor the credit memo is included in the Payment Process Request.
- C. Both the invoice and the credit memo are included in the Payment Process Request.
- D. Both the invoice and the credit memo are fully paid.
Answer: A,C
Explanation:
Explanation
When yousubmit 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 below zero.
The following scenario illustratethe impact of this option.
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 upto zero amount payment option.
Assume that the "Apply Credits Up to Zero Amount" option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F7
NEW QUESTION 53
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 via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
- C. Enter and post a manual journal entry directly into the general ledger.
- D. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
Answer: A
NEW QUESTION 54
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true? (Choose two.)
- A. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
- B. The status of the payment file is Cancelled.
- C. The status of each payment in the payment file is Terminated.
- D. The invoices are placed on payment hold.
- E. The status of the payment file is Terminated.
Answer: A,E
Explanation:
Explanation
If the payment file has been terminated and the documents payable have been returned to the source product, then the status of the Printed Payment File is Terminated.
Oracle Fusion Paymentsinforms the source product of the terminated documents payable. Then for each payment in the payment file, Payments sets the status to Canceled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION 55
Which three types of payments can you make if you have access to Disbursement Process Management Duty?
(Choose three.)
- A. Supplier payments
- B. Ad hoc payments
- C. Employee advances
- D. Reimbursement of employee expense reports
- E. Customer refunds
Answer: B,C,E
NEW QUESTION 56
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
- A. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
- B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
- C. Business units must be granted access to the bank account.
- D. Do not assign bank accounts to business units.
- 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.
Answer: A,C
Explanation:
Explanation
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate 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 that use the same ledger as the bank accounts owning legal entity can be assigned access.
NEW QUESTION 57
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
- A. Disbursement Bank Account
- B. Payment Terms
- C. Payment Method
- D. Supplier Site
- E. Payment Format
Answer: C
NEW QUESTION 58
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
- A. Natural Account
- B. Supplier
- C. Balancing Segment Value
- D. Legal Entity
- E. Business Unit
- F. Ledger Set
Answer: C,E,F
Explanation:
Explanation
Typically General Ledger users are secured by data access sets. Data access sets use primary balancing segment values to secure access to ledgers, ledger sets, and portions of ledgers. Payables users are secured by business units.
For the Payables to General Ledger Reconciliation report:
General Ledger users can see general ledger data for the balancing segment values in their data access set.
General Ledger users can also see the Payables or Oracle Fusion Subledger Accounting data for all business units linked to the ledger.
Payables users can see the Payables and Subledger Accounting data for business units in their security definition. Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION 59
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 Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier 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 Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
Answer: B
NEW QUESTION 60
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
* Payment Date = June 20, 2018
* Pay Through Date = July 30, 2018
* Date Basis = Due Date
What will be the resulting status of the installment and discount?
- A. The installment is not selected because the discount dates are before the Pay Through Date.
- B. The installment is selected and a discount of $150 USD is applied.
- C. The installment is selected and no discount is applied.
- D. The installment is selected and a discount of $50 USD is applied.
- E. The installment is not selected because the due date is after the Pay Through Date.
Answer: E
Explanation:
Explanation
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm#FAPPP1011879
NEW QUESTION 61
Which two are true for Payables Payment Terms? (Choose two.)
- A. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.
- B. You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.
- C. Each payment term can only be assigned to one reference data set.
- D. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.
Answer: B,D
Explanation:
Explanation
Assigning a reference data set to a business unit: When you define a business unit, assign the business unit a reference data set for the Payables Payment Terms reference group.
Before you define common options for Payables and Procurement, you must assign the Immediate payment term to the reference data set for the business unit.
NEW QUESTION 62
What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)
- A. ability to correct errors within the spreadsheet and send invoice corrections for approval
- B. identification of errors with clear error messages at the invoice header and line levels
- C. identification of errors with clear error messages at the invoice header level only
- D. ability to correct errors and re-import invoices directly from a spreadsheet
- E. ability to enter a high volume of invoices via a spreadsheet
Answer: D,E
Explanation:
Explanation
A: You can fix the interface table data using the Correct Import Errors spreadsheet and resubmits the import process.
E: Consider using the spreadsheetto:
Expedite high volume invoice entry for simple invoices that don't require extensive validation.
Create invoices with similar lines.
Maximize the use of spreadsheet features, such as copy and paste, or hide and unhide.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm
NEW QUESTION 63
In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?
- A. .xls (Excel file)
- B. .doc (Word file)
- C. .xlf (XLIFF file)
- D. .pdf (Acrobat reader file)
Answer: C
Explanation:
Explanation
BI Publisher extracts the translatable strings from the template and exports them to an XLIFF (.xlf file).
NEW QUESTION 64
Select three reasons why you cannot close your Payables period. (Choose three.)
- A. bills payable requiring maturity
- B. suppliers on payment holds
- C. open intercompany transactions
- D. unaccounted invoices and payments
- E. unapplied prepayments
Answer: A,C,D
Explanation:
Explanation
The types of exceptions reported are:
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DE8D32BDBE0FBADE040D30A688146
NEW QUESTION 65
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Customize Setup and Maintenance
- B. Functional Work Area
- C. Setup and Maintenance
- D. Functional Setup Manager
- E. Customization Manager
Answer: C
Explanation:
Explanation
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
NEW QUESTION 66
An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order.
You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?
- A. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.
- B. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
- C. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000.
- D. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.
Answer: A
NEW QUESTION 67
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
- A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
- B. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
- C. An expense report may require original, imaged, or both types of receipts.
- D. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: A,C
NEW QUESTION 68
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