WorksheetsPayables
Total questions: 24
Worksheet time: 18mins
1.- Oracle Cloud currently has two invoice scanned imaging solutions: Integrated Imaging and Intelligent
.Document Recognition (IDR). Both solutions work very similarly
In which two ways do the invoice scanned imaging solutions work in the cloud?
Customers ask suppliers to send electronic invoices.
Customers cannot use invoice imaging in the Cloud
Customers scan and store the invoice images on-premises and attach them during invoice entry. Customers scan
Customers scan the invoice on-premises and email the images
Customers ask their suppliers to scan and email the invoice
2.- Your client wants to leverage the B2B XML Invoice process to streamline their invoicing and payment workflows. They are especially keen of the automatic notifications sent to suppliers for rejected invoices.
Which two key features of automatic notifications to suppliers for rejected electronic invoices?
There is automatic processing of electronic response messages
Suppliers have the option to cancel the rejected invoice from the electronic notification.
Suppliers can view the rejection reason in their system and take corrective action
The notification provides suppliers with the option to request Payables manual intervention and support
3.- You participated as a functional consultant in the implementation of Oracle Procurement as well as Payables for customer ABC Consulting. A Payables Analyst has logged a ticket stating that the “Create Supplier” task is not showing up in the Supplier work area. You checked the related settings and found that
the Payables Analyst user account has been defined as a Procurement Agent
Why was the Payable Analyst NOT able to see the "Create Supplier" task in the Supplier work area?
The analyst was not given the Supplier Administrator role
The analyst was not given the Procurement Administrator role
The analyst was not given the Procurement Requester role
The analyst was not given the Supplier Manager role
4.- An installment for $2,000 USD is due for payment on July 31, 2022. The installment has two discounts: the first discount date is June 15, 2022 for $150 USD and the second discount date is June 30, 2022 for $50 USD
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2022
Pay Through Date = July 30, 2022
Date Basis = Due Date What will
be the resulting status of the installment and discount?
The installment is not selected because the discount dates are before the Pay Through Date.
The installment is not selected because the due date is after the Pay Through Date
The installment is selected and a discount of $150 USD is applied
The installment is selected and a discount of $50 USD is applied.
The installment is selected and no discount is applied
5.- You are a consultant for a mid-sized company. They have asked you to identify Cash Management reports that. can be used to gain a better understanding of the company's cash position. You found four key reports. Report Cash to General Ledger Reconciliation Report Bank Statement Report Cash in Transit Report Bank Statement Analysis Report Description Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared Displays the bank statements that are used to analyze balances and transaction details Displays balance and transaction information for specific bank statements Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.
Which option correctly matches each?
report with its description
1 = A, 2 = C, 3 = D, 4 = B
1 = D, 2 = C, 3 = A, 4 = B
1 = D, 2 = A, 3 = C, 4 = B
1 = D, 2 = B, 3 = A, 4 = C
6.- You are a global process owner at a large company that handles a high volume of expenses. In order to streamline the expense submission process, you are very excited to introduce Oracle’s functionality allowing. The creation of expenses directly from emails that a user forwards with receipt attachments or expense details.
Which are the two Expense Attachment Preference options you can set in the application when configuring this functionality?
Attach the primary receipt from the email
Attach multiple receipts from the email
Attach the email
Attach the invoice
7.- As an Application Implementation Consultant, you advise your client to enable a new feature in Oracle Expenses which allows employees to manually apply cash advances to their relevant expense reports. So instead of cash advances automatically applying to expenses, employees can select and apply the cash. Advance designated for a specific trip to the corresponding expenses.
Which statement is NOT true about this feature?
Auditors are able to make changes to cash advances that are applied to an expense report
Employees need to include a justification if they don’t apply an available cash advance when submitting an expense report
If approvers or auditors reject expense reports, the cash advance that was applied to the report is automatically removed and returned to the employee's available cash advances
8.- Your company requests you to establish Expense delegates to assist with the management of expenses. Expense delegates will receive a digest notification for each employee they are a delegate for and can then take quick action to identify and fix pending expense items, including outstanding corporate card charges After you set up digest notifications.
which corporate card charge statuses are included in the outstanding?
Expense reports
Only Withdrawn
Saved, Withdrawn, Rejected, or Returned
Submitted and Saved
Only Rejected
9.- While processing an expense report, the system placed a payment hold on the expense report.
What are the two ways to release payment holds?
The expense auditor can manually release the payment hold in a discretionary manner.
Expenses automatically releases holds when receipts are received or waived.
Payables Manager can release payment holds in Payables
The employee's supervisor can manually release the hold from the notification.
The employee can manually release the hold from the notification
10.- As the Expense-to-Pay Strategic Process Owner for your company, you need to ensure certain controls are set in the system. For example, to help prevent overpayment to card issuers, you want to exclude specific adjustment codes that indicate payments from MasterCard transaction files To achieve this, you need to use the ORA_EXM_MC_EXCLUDE_ADJUSTMENTS lookup type to define
the specific adjustment codes that should be excluded when processing credit card transaction files from MasterCard.
What happens to the upload process if you do NOT specify any adjustment codes in the
ORA_EXM_MC_EXCLUDE_ADJUSTMENTS lookup type?
It automatically excludes all payment adjustment transactions
It automatically includes all payment adjustment transactions.
It automatically includes all payment adjustment transactions.
11.- During an expense audit, the auditor marks an expense item, which is missing a receipt, to be Short Paid. The auditor chooses to complete the audit and warn the user Given that the Expense Report Audit Approval is set to After Manager Approval.
what are the two valid results of the auditor's action?
The approved part of the expense report is not eligible for expense reimbursement.
A new expense report containing disallowed expense items is not created until the manager approves the short payment.
A new expense report containing disallowed expense items is immediately created.
The approved part of the expense report is eligible for expense reimbursement.
12.- You joined an OU Live Session on Oracle Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies. With this new feature, you can create and enforce. Policies where a certain expenditure is allowed only up to a certain limit within a specified time period.
Which three values can be selected as Rate Determinants when creating the policy?
- Currency
- Gender
- Expense Type
- Exchange Rate Conversion
- Role
- Location
13.- Your company has set certain entertainment daily spend limits in its Entertainment Policy to restrict employee entertainment expenses. You can configure Oracle Expenses to define daily sum limits that align. with your policy requirements.
What are two considerations when enabling daily limits in the application?
The limits apply only to company employees and excludes non-employees.
This policy can be associated with all Expenses policies.
This policy can be associated only with entertainment type policies.
You must define a rate determinant to enforce the daily sum limit per attendee.
14.- Previously, Tax Classification Code associated with the expense type was the only attribute used for tax recoverability determination in Expense Payment Requests. To provide additional flexibility in managing tax recoverability of expenses without the need to use multiple expenses types, Oracle Tax has added three. Additional tax determining factors.
Identify the three new tax determining factors that can be used in Oracle Tax rules to determine the recoverability for each expense line.
Employee Location
Tax Product Category
Expense Code
Tax Classification Name
Expense Location
15.- Your company asks you to build new Payables reports. You will be using Oracle Transactional Business Intelligence (OTBI) and deep links. Deep links allow you to directly drill down from OTBI reports to. Purchase orders and view the related purchase order details.
Which three predefined job roles allow you to use this drill-down feature?
Accounts Payable Specialist
Account Payable Invoice Supervisor
Accounts Payable Administrator
Accounts Payable Manager
Accounts Payable Analyst
16.- Which two tools can you use to build layouts for BI Publisher reports?
Report Developer
BI Answers
Template Builder for Word
Layout Editor
BI Composer
17.- You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger. "You have run and selected the extract for the report, but the request returned the message: "No data to display.
What is the reason for this?
You did not specify the range of liability accounts to include in the extract.
The financial category of Accounts Payable is not assigned to the liability accounts.
The reconciliation flag has not been enabled for your liability accounts.
You did not select the business units associated to the UK Ledger.
18.- You provide consulting services to a Payables supervisor at a large organization that uses the Oracle Cloud Supplier Portal to manage invoices. Their team has been struggling to keep up with the high volume of unsubmitted invoices, causing delays in timely period closures. You advise that Payables supervisors have the. Ability to identify and then cancel unsubmitted supplier portal invoices.
Which two options are available for the Payables Supervisor to identify incomplete supplier portal invoices for cancellation?
Querying the Payables Invoice Register
Querying invoices on the Manage Invoices page
Running the Period Invoice Audit Report
Running the Payables Unsubmitted Invoices Report
Running the Period Close Exception Report
19.- Which three are valid reasons why you cannot close your Payables period?
Unaccounted invoices and payments
Suppliers on payment holds
Unapplied prepayments
Incomplete payment files
Bills payable requiring maturity
20.- As an Oracle Financials Cloud Consultant, you are familiarizing yourself with the new features in Adaptive Learning using IDR. You recently learned about Adaptive Learning for Invoice Lines where the interactive invoice viewer can be used to make corrections to certain invoice line-level attributes.
Which are the three line-level attributes where the interactive invoice viewer can be used to make corrections?
- Amount
- Description
(And others – UOM, Unit pric
Supplier
- Invoice Date
- Invoice Requestor
- Invoice Number
Quantity
21.- As an Oracle Payables Subject Matter Expert, you are familiarizing yourself with Intelligent Document Recognition (IDR). After detailed review, you consider Adaptive Learning one of the most beneficial
features of IDR. Adaptive learning increases the accuracy of invoice scanning and improves touchless processing. When users make corrections in the interactive viewer, each invoice edit trains the algorithms and improves future recognition.
Which is NOT a key consideration for Adaptive Learning?
Bill-To Recognition from Invoice Document
Adaptive Learning for Routing Attributes
Adaptive Learning for Invoice Lines
Legal Entity Recognition from Invoice Document
Sharing Adaptive Learning Between Environments
22.- You implemented the service provider model for Payables payments, where your United Kingdom (UK)
headquarters works solely as an outsourced payment processing unit on behalf of your other UK business units.
What is this type of payment service provider model known as?
Dedicated and Self-Service
Dedicated
Procurement
Self-Service
23.- Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?
Assignment to one set only; no common values allowed
Assignment to one set only with common values
Assignment to multiple sets; no common values allowed
Assignment to multiple sets with common values allowed
24.- As a Workflow Administrator, you are tasked with configuring certain invoice approval rules to align with your company’s policy. You decide to make use of the purchase order additional attributes and descriptive. Flexfields to appropriately configure invoice approval rules and route workflow notifications to approvers
Which two are NOT purchase order additional attributes that workflow administrators can use to configure invoice approval workflow rules?
Freight Terms
Purchase Order Schedule
Purchase Order Pending Fulfillment
Purchase Order Destination Type Lookup Code Purchase
Basis
