Oracle Fusion Financials 11g Accounts Payable Essentials Set 3

1.

What is the required parameter for the Payables to General Ledger Reconciliation Report?

Balancing Segment Value Business Unit Ledger Financial Period Natural Segment Value

2.

Which three fields are required in the Invoice Header when creating an invoice using the spreadsheet options?

Invoice Group Invoice Number Payment Term Supplier Site Invoice Amount

3.

Identify three actions performed by the Payables department for iSupplier invoices.

Validating invoices creating accounting creating NonPurchase Order matched invoices creating Purchase Order matched invoices processing payments

4.

Which hold type prevents accounting of a foreign currency invoice if the conversion rate is missing?

Unmatched Invoices hold Distribution Variance hold Invoice Amount Limit hold No Rate hold Incorrect Conversion Rate hold

5.

A company has a business requirement to pay small suppliers outside of the system, but it does NOT want to manually record each such transaction.
Which solution should be implemented?

Create Payment batches using a check payment method for those multiple suppliers and destroy those
checks. Create payment batches using an electronic Funds Transfer (EFT) for those multiple suppliers and then donot send the resulting electronic file to the bank. Create batches using a clearing payment method for those multiple suppliers because the payment methoddoes not generate a file. Create payment batches using a wire payment method for those multiple suppliers and then delete theresulting electron file. Create payment batches using bills payable functionality for those multiple suppliers and then delete theresulting electronic file.

6.

Identify three features of Expenses regarding expense report approvals.

Enforce Receipts received automatically before approval Review of Cost Center and Project Allocations Integration with Fusion Imaging and Process Management Automatic conversion to User Preferred currency Spotting of issues, thus facilitating informed decisions using previous expense patterns

7.

Which two invoice actions are NOT allowed if prepayments have been applied to an invoice?

Cancel an invoice. Reverse an invoice distribution. Modify an invoice distribution. Add an invoice line. Modify the accounting information.

8.

What is the validation status of an invoice after it is loaded using the Launch Import Invoice program?

Validated Never validated Needs revalidation Not required Revalidated

9.

What are the two Online Accounting options available in Oracle Fusion Payables?

Account in Final Account in Draft Account in Final and Transfer to Ledger Account in Draft and Transfer to Ledger Account and Post to Ledger

10.

During its first month end close, a company has an Invoice with a Hold status dated 15-Jan-2012. Its accounting practice permits the transfer of unaccounted transactions from one period to another. What will
happen if it runs the Payables Unaccounted transactions Sweep program?

The accounting date of the Invoice will change to the same day of next period. The accounting date- of the Invoice will change to the first day of next period. The accounting date of the invoice will change to the same day of the new period specified. The accounting date of the invoice will change to the first day of the new period specified. The accounting date of the invoice will NOT change but the user can close the existing period

Oracle Fusion Financials 11g Accounts Payable Essentials Set 3

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Oracle Fusion Financials 11g Accounts Payable Essentials Set 3

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