NEW QUESTION 1
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

• A. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
• B. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
• C. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
• D. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

Answer: B

NEW QUESTION 2
You want your expense auditors to audit only expense reports for specific business units. How do you do this?

• A. Make auditors the managers of the corresponding business unit to route expense reports properly.
• B. Create your own audit extension rules that correspond to the business unit.
• C. Assign the expense auditors job role and business unit security context and value to the user.
• D. Create a custom duty role and assign the data roles to each audito

Answer: C

NEW QUESTION 3
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 spreadshee
• B. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger’s Manage Journals page and post the associated invoice journal entry.
• C. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
• D. Enter and post a manual journal entry directly into the general ledger.
• E. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

Answer: D

NEW QUESTION 4
You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?

• A. allow you to secure data by business unit
• B. allow you to assign multiple business units to users in a shared service center
• C. allow you to maintain sets of related data in a Data Dictionary
• D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Answer: D

NEW QUESTION 5
Which is the Payables tool based on real-time data?

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

Answer: B

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

NEW QUESTION 6
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?

• A. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
• B. Enter the payment terms at the supplier site level so they default onto the invoice.
• C. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
• D. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
• E. Enter the payment terms at the Supplier level so they default onto the invoic

Answer: D

NEW QUESTION 7
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.

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

Answer: BE

NEW QUESTION 8
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

• A. Manage Payable Options and Manage Invoice Options
• B. Manage Payable Options and Manage common options for Payables and Procurement
• C. Manage Invoice Options and Manage common options for Payables and Procurement
• D. Manage common options for Payables and Procurement and Manage Procurement agents
• E. Manage Invoice Options and Manage Procurement agents

Answer: B

NEW QUESTION 9
An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.

• A. The installment was manually removed.
• B. The invoice has not been accounted.
• C. The pay-through date is in a future period.
• D. The pay-through date is in a closed Payables period.
• E. The invoices need re-validatio

Answer: AE

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

NEW QUESTION 10
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa than the one used by your company.
How do you handle this situation?

• A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversation rate settings and you do not violate the allowable limit.
• B. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
• C. Use the corporate-defines conversion rate even if it means you will not be reimbursed fully.
• D. Call Visa to address the issue and tell them to make adjustments to their conversion rat
• E. Then, wait to get a revised statement.

Answer: A

NEW QUESTION 11
What is the difference between subject areas that append the word “Real Time” and those that do not?

• A. The “Real Time” subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
• B. The “Real Time” subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
• C. The “Real Time” subject areas are based on real-time transactions and those that are not, are based on historical data.
• D. There is no differenc

Answer: B

NEW QUESTION 12
You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

• A. InvoiceApproversSingleParticipantInParallelMode
• B. InvoiceApprovers
• C. InvoiceApproversParallelParticipantInParallelMode
• D. InvoiceApproversFYIParticipantInParallelMode

Answer: A

NEW QUESTION 13
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2021 if the invoices with a Hold status have an invoice date of January 20, 2021?

• A. The accounting dates of all unaccounted invoices will change to February 28, 2021, the last day of the next period.
• B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2021.
• C. The accounting dates of all unaccounted invoices will be changed to February 1, 2021, the first day of the next period.
• D. The accounting dates of all unaccounted invoices will be changed to February 20, 2021, the same day of the next period.

Answer: C

NEW QUESTION 14
Which two statements are true about the Invoice Validation process?

• A. updates supplier balances
• B. validates project information
• C. creates tax lines and distributions
• D. creates withholding tax invoices, if withholding tax is enabled to create withholding tax at payment, so that you can make payment on this invoice
• E. creates accounting entries in draft

Answer: AB

NEW QUESTION 15
You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

• A. Canceled
• B. Stop initiated
• C. Negotiable
• D. Available
• E. Voided
• F. Cleared

Answer: F

NEW QUESTION 16
Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

• A. The purchase order payment term cannot be overridden.
• B. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
• C. The user needs to specify which payment term to use.
• D. The payment term of the invoice overrides the purchase order payment term.
• E. The payment term of the purchase order overrides the invoice payment ter

Answer: B

NEW QUESTION 17
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this?

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

Answer: BD

NEW QUESTION 18
What is the result of voiding a payment?

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

Answer: B

NEW QUESTION 19
When creating a check payment, from where is the payment document defaulted?

• A. Legal Entity
• B. Back Account
• C. Bank
• D. Business Unit
• E. Supplier

Answer: C

NEW QUESTION 20
Which two statements are true related to configuration package?

• A. You can export and import the custom roles from Oracle Identity Manager.
• B. You can export and import selected business object services.
• C. You can export and import selected business units.
• D. You can export and import the approval rules from the approval management engine.
• E. You can export and import the allocation rules from the allocation manage

Answer: AB

NEW QUESTION 21
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

• A. Run the create accounting program.
• B. Run the invoice validation program.
• C. Remove the documents or payments causing the error and resume the payment process.
• D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
• E. Terminate the payment process reques

Answer: DE

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

NEW QUESTION 22
Select three reasons why you cannot close your Payables period.

• A. suppliers on payment holds
• B. bills payable requiring maturity
• C. unapplied prepayments
• D. open intercompany transactions
• E. unaccounted invoices and payments

Answer: ABE

NEW QUESTION 23
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