Oracle.Braindumps.1z0-517.v2013-12-16.by.Lisa - … · Oracle.Braindumps.1Z0-517.v2013-12-16.by.Lisa.306q ... They want to be able to pay only certain types of suppliers by batch

Oracle.Braindumps.1Z0-517.v2013-12-16.by.Lisa.306q

Number: 1z0-517Passing Score: 800Time Limit: 120 minFile Version: 14.5

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Exam Code: 1Z0-517

Exam Name: Oracle EBS R12.1 Payables Essentials

1z0-517

QUESTION 1What is a benefit of the secondary tracking segment?

A. Additional security ensures that correct accounts are selected while entering transactions.B. The Management segment is enabled automatically when the secondary segment is defined.C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/

losses accounts.

Correct Answer: CSection: (none)Explanation

Explanation/Reference:

QUESTION 2Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurringjournals, mass allocations, and manual journal entries have been posted for their European subsidiary. What isthe next logical step in the period- close process?

A. opening the next periodB. closing the current periodC. revaluing foreign currency balancesD. translating to the functional currencyE. consolidating to the parent set of books



QUESTION 3Select two actions that ledger sets permit. (Choose two.)

A. performing variance inquiriesB. being used for mass budgetsC. sending budget balance inquiriesD. viewing account balances for multiple ledgers in one viewE. grouping multiple ledgers that share the same chart of accounts and calendar

Correct Answer: DESection: (none)Explanation


QUESTION 4Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choosethree.)

A. Create aliases.B. Define a value set.C. Define security rules.D. Define an account structure.E. Define valid segment values.F. Create account combinations.

Correct Answer: BDESection: (none)Explanation


QUESTION 5Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

A. It is an integrated extension of a ledger.B. It replaces multiple reporting currencies.C. Reporting currencies are the same as secondary ledgers.D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing

options.

Correct Answer: ABSection: (none)Explanation


QUESTION 6Which three activities would use summary accounts? (Choose three.)

A. creating a monthly recurring standard journal entry to amortize goodwillB. allocating the total monthly costs of the Information Services department to other departmentsC. estimating a sales commission accrual based on the total of all product sales for each divisionD. formulating a budget for employee benefits in each company based on the total of all budgeted employee

salaries

Correct Answer: BCDSection: (none)Explanation


QUESTION 7The companys two senior executives have different budget figures. They want Peter, the GL accountant, toprepare two current budgets in Oracle Financials and submit budgets to both of them. What would be yourresponse?


A. It is not possible to have more than one current budget.B. Whether you can have multiple current budgets depends on the budget organization.C. The Require Budget Journal profile option must be set at the budget level if you want to have multiple

current budgets.D. The Require Budget Journal profile option must be set at the set of books level if you want to have multiple

current budgets.E. The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in

satisfying this requirement.

Correct Answer: ASection: (none)Explanation


QUESTION 8Identify the four setup options that control supplier defaults. (Choose four.)

A. financial optionsB. payables optionsC. receiving optionsD. purchasing optionsE. Payables system setupF. Trading Community Architecture (TCA)

Correct Answer: ABDESection: (none)Explanation


QUESTION 9Identify three ways that an invoice can be submitted for validation. (Choose three.)

A. online by clicking the Validate button in the Invoice Batches windowB. online by clicking the Validate and Account button in the Invoice Batches windowC. in batch by submitting the Payables Invoice Validation program from the Invoice WorkbenchD. in batch by submitting the Payables Invoice Validation program from the Submit Request windowE. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice

Actions window

Correct Answer: ADESection: (none)Explanation


QUESTION 10You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:

1. They want to be able to pay only certain types of suppliers by batch.2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without userintervention.3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment isautomatically not issued.

To meet the above requirements, you perform these steps:a) Set up suppliers with pay groups for each type, and use them when running the payment batch. b) Set up the payment batch with Maximum Outlay equal to $100,000 USD. c) Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD. Whichrequirements have you met?

A. 2 and 3B. 1, 2 and 3C. 1 and 2D. 1 and 3

Correct Answer: DSection: (none)Explanation


QUESTION 11Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choosethe correct description for wire.

A. a paper check to print and send to a supplierB. an EFT, EDI, or XML to the bank of a supplierC. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplierD. transmission of payment information to an external party, such as your bank, that prints checks on your

behalf



QUESTION 12With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements.When you reconcile payments using Oracle Cash Management, Cash Management updates the status ofpayments. Select the new status.

A. issuedB. updatedC. negotiable

D. reconciled



QUESTION 13Which event reverses an accrual for an item set to accrue on receipt?

A. paying an invoiceB. delivering goods to a final destinationC. running the Receipt Accruals - Period-end processD. matching an invoice in Payables to a purchase order



QUESTION 14Identify three setup options that are defined in the Financial Options window. (Choose three.)

A. interestB. retainageC. miscellaneousD. expenses clearingE. expense AP accrual account



QUESTION 15Select two actions available in Oracle General Ledger. (Choose two.)

A. deleting posted journalsB. exporting data to subsidiary ledgersC. importing data from subsidiary ledgersD. consolidating balances in subsidiary ledgersE. consolidating balances from multiple ledgers

Correct Answer: CESection: (none)Explanation


QUESTION 16Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to GeneralLedger?

A. Oracle AssetsB. Oracle ProjectsC. Oracle TreasuryD. Oracle ReceivablesE. Oracle Property Manager



QUESTION 17Identify the different types of data that can be processed using the GL Interface. (Choose three.)

A. ratesB. budgetC. vendorsD. statisticalE. intercompanyF. currency codes



QUESTION 18Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the OracleGeneral Ledger module. She has run the transfer program that completes successfully.

A. Journal Import is not submitted.B. The Journal source is not defined.C. The Journal category is not defined.D. Payables is not integrated with General Ledger.



QUESTION 19ABC Corporation has five companies, which operate in different industries. Each company has a differentledger-processing option that is industry specific. Choose the number of primary ledgers that are required to bedefined.

A. fiveB. fourC. twoD. oneE. three



QUESTION 20Choose three tables that will be populated when the Journal Import process is run with the option to post set as"Yes." (Choose three.)

A. GL_JE_LINESB. GL_JE_BATCHESC. GL_JE_HEADERSD. GL_JE_SOURCESE. GL_IMPORT_REFERENCES

Correct Answer: ABCSection: (none)Explanation


QUESTION 21Select three levels where additional reporting currency representations can be maintained.(Choose three.)

A. batchB. journalC. balanceD. subledger



QUESTION 22You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have aglobal presence in many countries and transactions in multiple currencies. The implementation team decidesthat the Oracle General Ledger multi- currency setup will be a part of the implementation. The client's ChiefFinancial Officer wants a system that has these features:

1. Enter transactions and reports in any currency.2. Enter exchange rates online or automatically.3. Calculate realized and unrealized gains and losses. IV. Translate actual and budget balances.

4. Produce foreign currency financial statements and reports.

Which requirements can be satisfied with the implementation?

A. 1, 2, and 3 onlyB. 1, 2, 3, and 4 onlyC. 1, 2, 4, and 5 onlyD. All requirements from 1 through 5 can be satisfied.



QUESTION 23Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choosethree.)

A. Enter transactions and reports in any currency.B. Enter exchange rates online and automatically.C. Translate only actual but not budgeted balances.D. Translate only budgeted but not actual balances.E. Use daily, period end, average, and historical rates.

Correct Answer: ABESection: (none)Explanation


QUESTION 24Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

A. You can maintain daily rates and historical rates more easily.B. You get improved efficiency with the help of the spreadsheet interface.C. You can maintain consistency among different currency conversion rates.D. Additional security ensures that historical rates can be uploaded to closed or future periods only.E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency

transactions that are due to exchange rate differences.



QUESTION 25John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entirecompany. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the companyaccountant, is worried that he would not be able to execute transactions involving USD and INR currencies.What does John say to help Sam?

A. Currency Rates Manager automatically converts all transactions entered in INR to USD.B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to

USD.C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of

cross-rate rules.D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and

INR currency.E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and

INR currency.



QUESTION 26You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they havea presence in many countries and transactions in multiple currencies. The implementation team decides thatthe GL multi-currency setup will be a part of the implementation. John, a junior consultant helping you in theimplementation effort, tells you that he is testing the system and entering journals in USD, Yen, and Euros. Hesays that he is able to enter journals in USD and Euros, but not in Japanese Yen. What possible explanationcan you provide to John for this?

A. Yen has not been enabled.B. Rate types have not been defined for Yen.C. Daily rates have not been entered for Yen.D. Workflow must be customized for journals to be entered in Yen.



QUESTION 27Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board ofdirectors of the company. ABC Company engages in many exports and import activities and follows the policyto revalue all its transactions in foreign currency with the current market rates. Scott requests George, the headaccountant of the company, to revalue all foreign currency transactions done during the year. Select twoprerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

A. Define accounts for realized gains and realized losses.B. Define accounts for unrealized gains and unrealized losses.C. Define the weights for each currency used for doing transactions.D. Define a batch under which the revaluation journals would be stored.E. Define a revaluation rate for each currency for each period or date for which the revaluation must be run.

Correct Answer: BESection: (none)Explanation


QUESTION 28You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have apresence in many countries and transactions in multiple currencies. The implementation team decides that theGL multi-currency setup will be a part of the implementation. The company's management in the US wants tosee all transactions in USD, whereas the management in Europe wants to see the transactions in Euros. TheCFO has this requirement:

While entering daily transactions, the user must be able to enter the current exchange rate. But at month end,the assets and liabilities in Euros must be converted into USD at the monthly average exchange rate. Can thisrequirement be satisfied?

A. Oracle GL does not support this functionality.B. Workflow must be customized to satisfy this requirement.C. The account generator must be customized to satisfy this requirement.D. Oracle GL provides this functionality and there is no problem in satisfying the requirement.



QUESTION 29ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstandinginvoice of $1,000,000 to be paid in two months. The USD-to- INR rate when the transaction was done was 47.5.Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company,reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack.(Choose two.)

A. XYZ Company is not impacted at all by this rate change.B. XYZ Company has a positive impact by this rate change.C. ABC Company is not impacted at all by this rate change.D. ABC Company has a positive impact by this rate change.

Correct Answer: ADSection: (none)Explanation


QUESTION 30Select two statements that are correct for the secondary tracking segment. (Choose two.)

A. Only the natural account segment or the balancing segment can be specified as the secondary trackingsegment.

B. Any segment that is specified as the secondary tracking segment also must be specified as themanagement segment.

C. Any segment, except the natural account segment or the balancing segment, can be specified as thesecondary tracking segment.

D. This segment will be paired with the balancing segment when generating account balances for retainedearnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

E. This segment will be paired with the natural account segment when generating account balances forretained earnings account, unrealized gains or losses account, and the cumulative translation adjustment

account.

Correct Answer: CDSection: (none)Explanation


QUESTION 31Identify four consolidation tools. (Choose four.)

A. Interface Data TransformerB. Global Consolidation SystemC. Global Intercompany SystemD. Financial Statement GeneratorE. Applications Desktop Integrator

Correct Answer: ABDESection: (none)Explanation


QUESTION 32Identify two correct statements about the consolidation feature of Oracle General Ledger.(Choose two.)

A. Both budget and actual balances can be consolidated.B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances.C. You can consolidate balances only when there are separate ledgers for different companies.D. You can maintain multiple companies with similar or different accounting structures and consolidate their

results for meaningful financial reporting.



QUESTION 33ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates theaccounts of all subsidiaries and the headquarters by using the average balances.

John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for thecurrent month. On completion of the consolidation, John was not able to tally the consolidated figures with theledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

A. Posting of the consolidation journals may have failed.B. He forgot to add the prior periods consolidation in the current period.C. Manual adjustment needed after every consolidation was not performed.D. John may not have reversed the prior periods consolidation in the current period.

Correct Answer: AD

Section: (none)Explanation


QUESTION 34Select two restrictions that apply to consolidating budget balances. (Choose two.)

A. If the source and target budgets share the same calendar, you must consolidate a specific period to aspecific period.

B. If the source and target budgets share the same start period, you must consolidate a specific period to aspecific period.

C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to aspecific period.

D. If the source and target budgets do not share the same calendar, you must consolidate a specific period toa specific period.

E. If the source and target budgets do not share the same start period, you must consolidate a specific periodto a specific period.



QUESTION 35Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

A. It consolidates data from the legacy feeder system.B. This system creates consolidated journal entries in both the parent and subsidiary sets of books.C. GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.D. It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and

Budgeting.

Correct Answer: ACDSection: (none)Explanation


QUESTION 36Select three statuses of the consolidation workbench. (Choose three.)

A. postedB. enteredC. exportedD. reversedE. transferred



QUESTION 37Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

A. It ensures reapplication of the same rules each time you transfer.B. IDT provides greater flexibility by performing no validation on the imported data.C. User-defined conditions enable you to control when transformation rules must be applied.D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.E. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less

time consuming.



QUESTION 38Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statementsthat apply to consolidating ledgers with different charts of accounts. (Choose three.)

A. Only one action can be defined per parent segment.B. Consolidations based on account rules process faster.C. Consolidations based on segment rules process faster.D. Segment rules override account rules if there is any conflict.E. A segment rule action must be defined for each segment in the parent chart of accounts.

Correct Answer: ACESection: (none)Explanation


QUESTION 39Identify the three actions that you can perform using the consolidation workbench.(Choose three.)

A. Access the state controller.B. Change the chart of accounts.C. Create consolidations sets, which launch multiple consolidations in a single step.D. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.



QUESTION 40Which item cannot be queried in the Find Consolidation Process window?

A. balance typeB. parent periodC. mapping setsD. parent calendarE. elimination sets



QUESTION 41Which three statements are true about the revaluation process? (Choose three.)

A. You must post the revaluation journal entries.B. The revaluation process must be executed after the translation process has completed.C. This process revalues the foreign currency portion of the account balances by using the revaluation rate

defined in the period rates table.D. Revaluation calculates the differences between the current cumulative functional currency balance of the

foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.



QUESTION 42Which two statements correctly describe the translation process? (Choose two.)

A. You can rerun the translation process more than once per period.B. With the translation process, you can translate only year-to-date amounts.C. If you rerun the translation process, it adds more data to the previous translated amounts.D. Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.



QUESTION 43Which two are true about elimination? (Choose two.)

A. You can define balancing options for eliminating entries.B. You can define an elimination set to contain one elimination entry.C. Currency is an optional component when defining an elimination set.D. You must specify an elimination company in the Elimination Sets window.



QUESTION 44All manual journal entries are defaulting to a non-current period. Which step was omitted from the accountingcycle?

A. updating the periodB. posting journal entriesC. consolidating financialsD. reversing journal entriesE. translating foreign balances



QUESTION 45Select the correct sequence of tasks required for period closing in Oracle General Ledger.

1. Verify that all journals are posted.2. Close the period of each subledger.3. Run the Trial Balance report and other month-end reports.4. Close the period and open the next period.5. Perform reconciliation of subsidiary ledgers.6. Transfer and import data from all subledgers.

A. 6, 5, 2, 1, 4, 3B. 3, 2, 1, 6, 4, 5C. 6, 5, 1, 3, 2, 4D. 6, 5, 2, 1, 3, 4E. 6, 2, 3, 1, 5, 4



QUESTION 46Your manager has asked you to create a period close process that maximizes the efficiency of your two staffmembers and minimizes the number of closing days. Identify two sets of subledgers that can be closedconcurrently. (Choose two.)

A. Payables and AssetsB. Projects and PayablesC. Inventory and Receivables

D. Payables and ReceivablesE. Order Management and Projects



QUESTION 47Which four attributes are validated during the Journal Import process? (Choose four.)

A. periodB. approval levelC. balanced journalD. cross-validation ruleE. account combinationF. journal sequence number

Correct Answer: ACDESection: (none)Explanation


QUESTION 48You have a new employee in the buying department. She set up a number of item numbers and chose not toflag them for invoicing. Several transactions have been completed in Order Management by using these newitem numbers. What effect would this event have on the Receivables closing process?

A. The transactions would be flagged as exceptions.B. The transactions would be deleted from the system.C. The transactions would prevent Receivables from being closed.D. The transactions would prevent Order Management from being closed.



QUESTION 49Identify two types of inquiries that are possible on ledger sets. (Choose two.)

A. variance inquiryB. summary template and summary account inquiriesC. a budget balance inquiry to view the budgeted figuresD. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are

assigned to a ledger setE. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are

assigned to a ledger set



QUESTION 50Your client is in the process of closing its first year-end. The client completed the accounting cycle and foundthat several income statement accounts have a remaining balance. What would be the likely cause of theseremaining balances?

A. Natural accounts were defined as parent values.B. Natural accounts were defined to not allow posting.C. Natural accounts were defined with an incorrect account type.D. Natural accounts were defined to store both statistical and monetary values.



QUESTION 51Identify the three reports that can be processed using the State Controller window.(Choose three.)

A. Consolidation AuditB. Consolidations JournalC. Consolidation FinancialD. Consolidation ExceptionsE. Consolidation Balance Inquiry

Correct Answer: ABDSection: (none)Explanation


QUESTION 52Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books.Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Selecttwo steps that you would perform to identify the error. (Choose two.)

A. Review the workflow process.B. Evaluate the mapping settings.C. Review the GL_Interface tables.D. Confirm the account hierarchy setups.E. Run the period close by using a different amount type.

Correct Answer: BCSection: (none)Explanation


QUESTION 53ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the twosteps that must be performed to provide ABC Company with this information. (Choose two.)

A. Run the Trial Balance report.B. Execute an online budget inquiry.C. Execute an online account inquiry.D. Review the Account Analysis report.E. Run financial statement generator reports.



QUESTION 54Identify what three considerations must be executed before creating a report by using the financial statementgenerator. (Choose three.)

A. Download Web ADI.B. Create the database link.C. Determine the data to be reported.D. Define attributes for rows and columns.E. Decide which rows and columns will make up the report.

Correct Answer: CDESection: (none)Explanation


QUESTION 55Which two actions would you perform by using the column set builder function? (Choose two.)

A. assigning accountsB. creating the format maskC. defining calculations in the new columnD. sorting rows based on values in a column



QUESTION 56Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle

General Ledger (Choose two.)

A. Attach the fiscal calendar.B. Define rows and columns.C. Build a report by using rows and columns.D. Specify the default ledger for ledger sets.E. Determine which rows and columns make up your report.



QUESTION 57Treeline Company is getting ready to complete its month-end process. It needs to create a profit-and-lossstatement and wants to use the Financial Statement Generator feature to create the report. Which twoelements are required to create the report? (Choose two.)

A. row setB. report setC. workbookD. column setE. content set



QUESTION 58In the course of implementing Oracle General Ledger, you and your customer have created a number ofFinancial Statement Generator reports in a test environment. These reports have been tested and you are nowready to create them in your production environment. You are ready to run the FSG Transfer program. Whattwo requirements are necessary to run this program? (Choose two.)

A. Database links must be defined.B. The same ledgers must be defined in both instances.C. Enable the FSG: AutoCopy profile option in the production environment.D. The same row and column sets must exist in the production environment.



QUESTION 59XYZ Corporation has five segments in its accounting flexfield. For a special profit-and- loss report, they want tosort by the fourth segment, which is "product." Select the element that would meet this need.

A. row setB. row orderC. content setD. column set

Correct Answer: BSection: (none)Explanation


QUESTION 60Identify two true statements about using column sets in an FSG report. (Choose two.)

A. Formats can be set for each column.B. Accounts cannot be assigned to a column set.C. Calculations can be performed by using columns.D. The seeded column sets provided must be used.

Correct Answer: ACSection: (none)Explanation


QUESTION 61Which report would provide information about the processing type (parallel or sequential) that may be definedfor reports?

A. FSG Report Detail ListingB. FSG Report Summary ListingC. FSG Row Set Summary ListingD. FSG Content Set Summary Listing



QUESTION 62During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts asnegative numbers. The customer requires the credit amounts on the reports to be positive instead of negative.Identify the solution that must be implemented to meet the customer's requirements.

A. Inform the customer that this requirement would require a customization.B. Select the change sign check box for the related row or column definition.C. Deselect the change sign check box for the related row or column definition.D. Create a journal by doubling the values wherever the report is displaying negative numbers.

Correct Answer: BSection: (none)

Explanation


QUESTION 63You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legalentities to support operations in the US (East), the US (West), the UK, and France. The chart of accounts andaccounting calendar are similar for all entities except France. Only the UK operations want to enable averagebalances and journal approvals. What would be the minimum number of setups needed to meet this need?

A. fourB. twoC. oneD. three



QUESTION 64Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

A. unlimitedB. two per primary ledgerC. one per primary ledgerD. one per primary ledger with a reporting currency



QUESTION 65John has created two ledgers: one primary and one secondary. The primary ledger stores transactional dataand the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts,accounting calendar or period-type combination, and currency as the associated primary ledger. John wants toobtain a complete accounting representation that includes both transactional data and adjustments whilerunning reports. Identify the best option.

A. Merge the primary ledger and the secondary ledger, and run reports.B. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.C. Transfer transactional data from the primary ledger to the secondary ledger while running reports.D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running

reports.



QUESTION 66ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart ofaccounts, accounting calendar, accounting method, and ledger-processing options. UK management requiresreporting on receivables from its US operations in GBP each month. Identify the best option for the USoperations to report to their parent.

A. Create an account-level reporting currency.B. Create a subledger-level reporting currency.C. Create a journal-level reporting currency for every transaction.D. Create a balance-level reporting currency and run general ledger translation.



QUESTION 67ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations haveseparate legal and statutory requirements. The tax requirements also differ for each country. Identify the actionyou would perform to set up Oracle General Ledger.

A. Create a separate legal entity and accounting setup for each operation.B. Create one legal entity and three accounting setups for the US, France, and Italy.C. Create three legal entities for the US, France, and Italy, and one accounting setup.D. Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for

the US.E. Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one

for France and Italy, and one for the US.



QUESTION 68XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, andChina. The Australian and the US operations can share the same chart of accounts segments, and the UK andChina operations can share the same chart of accounts segments. All operations share the same calendar orperiod-type combination, but not the currency. Each country requires that a separate accounting data bemaintained. Identify the number of legal entities to be created and the number of accounting setups.

A. Create one legal entity and four accounting setups.B. Create four legal entities and one accounting setup.C. Create two legal entities and four accounting setups.D. Create four legal entities and four accounting setups.



QUESTION 69ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) hasbudgetary control enabled and the US (East) requires approvals for journals. All operations share the samechart of accounts, accounting calendar, and subledger accounting method. The US (West) and the US (East)operate on the USD currency. The UK's currency is GBP, whereas France operates on the EUR currency.Identify the least number of legal entities and accounting setups to be created.

A. 1 legal entity and 4 accounting setupsB. 4 legal entities and 1 accounting setupC. 3 legal entities and 3 accounting setupsD. 4 legal entities and 4 accounting setups



QUESTION 70Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choosethree.)

A. have similar ledger processing optionsB. open and close periods simultaneouslyC. have tax requirements that are specific for a legal entityD. require autonomous document sequencing for a legal entityE. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes



QUESTION 71The accounting setup process in Oracle General Ledger consists of three main steps.(Choose three.)

A. Update accounting options.B. Approve accounting options.C. Complete the accounting setup.D. Create an accounting setup structure.



QUESTION 72

Select two statements that are true about ledgers in Oracle General Ledger. (Choose two.)

A. Each accounting setup requires a primary ledger.B. Each accounting setup requires a primary ledger and a reporting ledger.C. Each accounting setup requires a primary ledger and an adjustment-only secondary ledger.D. Each accounting setup optionally requires one or more secondary ledgers and reporting currencies.



QUESTION 73You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and mustperform corporate and statutory reporting. It operates in a country that requires companies to have twocomplete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option forprimary and secondary ledgers.

A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger tosatisfy statutory reporting requirements.

B. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger tosatisfy corporate reporting requirements.

C. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-onlysecondary ledger to satisfy statutory reporting requirements.

D. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-onlysecondary ledger to satisfy corporate reporting requirements.



QUESTION 74Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

A. A segment of different chart of accounts structures can share the same value set.B. A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart

of accounts structure.C. If the same value set is used for two or more chart of accounts structures, the same security rules for that

segment cannot be assigned to multiple structures.D. It is possible to have multiple companies in the same set of books provided that they share the same chart

of accounts structure, accounting calendar, and reporting currency.



QUESTION 75You have been asked to demonstrate the basic functionality of Oracle General Ledger with a ledger that

reflects XYZ Company's business. Select four data elements that you would need to obtain from XYZ Companyto create a ledger for your demo. (Choose four.)

A. the suspense accountB. the intercompany accountC. the retained earnings accountD. the number of accounting periodsE. the base (functional) currency of the companyF. the accounting calendar with periods and the fiscal year-endG. the company organization structure for the chart of accounts

Correct Answer: CEFGSection: (none)Explanation


QUESTION 76ABC Inc. wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4accounting calendar. Its fiscal year-end is March 31.The normal month-end is on a Friday, but the last day ofeach quarter is always on the last day of the quarter's final calendar month.Select the remaining setup for thecalendar to meet the requirement.

A. defining 12-monthly periods based on the 4-5-4 calendar ending on the last day of each month; defining anadjusting period on the last day of each quarter

B. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; definingfour adjusting periods for March 31 of the fiscal year

C. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; definingan adjusting period on the last Friday of each quarter

D. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, exceptfor the last month of each quarter ending on the last day of the month; defining an adjusting period for eachof the last day of the quarter



QUESTION 77Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at thesummary (business unit) level of the cost center segment. A business unit is a group of cost centers, and abusiness unit manager typically has several cost centers under his or her responsibility. Which option will meetthe client's requirements?

A. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for theparent cost centers; creating FSG based on the rollup groups

B. defining parent cost centers and a hierarchy of parent/child cost centers; creating summary accounts basedon the parent cost centers; creating FSG based on the parent cost center values

C. defining parent cost centers and a hierarchy of parent/child cost centers; defining summary accounts for theparent cost centers; creating FSG based on the parent cost center values or summary accounts

D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for theparent cost centers, and summary accounts; creating FSG based on the parent cost center values orsummary accounts



QUESTION 78XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by costcenter. Identify three segments that must be defined for XYZ Company's accounting flexfield.(Choose three.)

A. projectB. accountC. balancingD. cost centerE. intercompany



QUESTION 79Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

A. balancesB. batch transferC. detail journalsD. line-level recordsE. summary journals

Correct Answer: BCESection: (none)Explanation


QUESTION 80ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report isautomatically created. Identify three components on which the Create Journal Entries Execution report reports.(Choose three.)

A. Budget JournalsB. Posted Journals reportC. Payables encumbrance entriesD. Purchasing encumbrance entries



QUESTION 81You set the GL: Journal Review Required profile option to "Yes." Identify the result.

A. requires all journals to be reviewed before postingB. requires review of recurring journals before postingC. requires review of a journal entered in GL by the approver before postingD. requires generated Auto Allocation journals to be reviewed before posting



QUESTION 82For each subledger, there must be one _____.

A. journal typeB. account typeC. journal sourceD. journal category



QUESTION 83Company A wants to distribute the rent expense to its various departments on the basis of floor space. It hastaken these steps:

1) capturing the floor space that is used by each department in a statistical account2) creating a journal entry for the rent

Identify the next two steps required to distribute the rent cost to the various departments.(Choose two.)

A. posting the journalB. defining the MassAllocation journalC. defining and generating MassAllocationD. creating manual journal entries for distributing the rent



QUESTION 84

A reversing journal entry can be posted into _____.

A. a current or any future open periodB. a past closed period and a current open periodC. a current open period and a never-opened period



QUESTION 85The GL user entered a taxable journal and posted it. Later, the user realized that the tax code entered waswrong. What must the user do?

A. Delete the journal and reenter it.B. Reverse and reenter the journal.C. Unpost the journal and reenter it.D. Modify the tax code at the line level.E. Enter another journal with the difference in the tax amount.



QUESTION 86The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that anentry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has allthe approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances arereflected correctly.What must the user do?

A. Open Dec-04; enter and post the journal; close the period.B. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods.C. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period.D. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05.



QUESTION 87ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing. ABC's accrual category isdefined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll. An accrualjournal entered on 29-Apr-05 will be reversed on the _____.

A. first day of the next periodB. next day in the same period

C. next business day in the same periodD. next business day in the same period or the next period, based on the transaction calendar



QUESTION 88Which journal entry type does General Ledger automatically reverse and post?

A. actualsB. budgetsC. actuals and budgetsD. budgets and encumbranceE. actuals, budgets, and encumbrance



QUESTION 89Identify three benefits of using the Journals Import: Group By Effective Date profile option. (Choose three.)

A. facilitates consolidationB. makes daily updates to daily business intelligenceC. facilitates more transparent exchange rate conversionsD. accounts for business transactions by effective date or by accounting dateE. facilitates financial auditing and compliance with the new Sabanes-Oxley Act



QUESTION 90Select two components that are required to create the accounting setup by using Accounting Setup Manager.(Choose two.)

A. ledgersB. operating unitsC. data access setsD. definition access setsE. subledger accounting method

Correct Answer: AESection: (none)Explanation


QUESTION 91Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choosethree.)

A. Define operating units.B. Update accounting options.C. Complete the accounting setup.D. Define intercompany balancing rules.E. Create the accounting setup structure.F. Assign balancing segment values to legal entities.



QUESTION 92Identify two places where you can define a legal entity. (Choose two.)

A. set of booksB. data access setC. Legal Entity ConfiguratorD. HRMS organization setupE. Accounting Setup Manager



QUESTION 93The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections,the new government has decided to implement Oracle General Ledger. They want to change the accountingmethod to accrual basis. However, they also want to maintain the cash basis of accounting for reportingpurposes. As an implementation consultant, what one recommendation would you make to meet the aboverequirement?

A. Create two primary ledgers with the standard cash method.B. Create two primary ledgers with the standard accrual method.C. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.D. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.E. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

Correct Answer: ESection: (none)Explanation


QUESTION 94XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant. Select three steps thatare required for creating a new accounting structure. (Choose three.)

A. Define jurisdictions.B. Define period types.C. Assign legal entities.D. Save the accounting structure.E. Define accounting representations.F. Define subledger accounting methods.



QUESTION 95Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accountingsetup. Which two are true for the creation of the accounting setup? (Choose two.)

A. Assigning legal entities to accounting setups is compulsory.B. After the subledger accounting method is assigned, it cannot be changed.C. Before completing the accounting setup, secondary ledgers and currency can be deleted.D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year

defined.



QUESTION 96You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East)and the US (West). They have one primary ledger for their US operations. They want to maintain an additionalledger for management reporting and analysis purposes. They want all their department managers in the US touse the additional ledger to book internal management adjustments that are not published in their financialstatements. Choose two statements that are true in the given scenario. (Choose two.)

A. The secondary ledger contains day-to-day transactions.B. The primary ledger must contain only management adjustments.C. The secondary ledger represents the complete management picture.D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities.E. Use ledger sets to combine primary and secondary ledgers to get the complete management picture.



QUESTION 97ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weeklycalendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must bereflected in Toronto's books. What conversion method would you use?

A. Use journal-level secondary ledger conversion.B. Use subledger-level secondary ledger conversion.C. Use adjustment-level secondary ledger conversion.D. Use both subledger-level and adjustment-level secondary ledger conversion.



QUESTION 98ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart ofaccounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automatedadjustments. The New Delhi office does not need a complete ledger to perform management or statutoryreporting. Which four statements are true in the given scenario? (Choose four.)

A. The Mumbai ledger is an adjustment-only secondary ledger.B. Perform all adjustments in the Mumbai ledger.C. Perform all day-to-day transactions in the New Delhi ledger.D. Use ledger sets to combine transaction data and adjustment data.E. Perform all day-to day-transactions and adjustments in the New Delhi ledger.F. Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.

Correct Answer: ABCDSection: (none)Explanation


QUESTION 99In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)

A. The subledger accounting method must be assigned if defining a balance- or journal- level subledger.B. The subledger accounting method must be assigned only to the secondary ledger in case of defining a

subledger journals-level secondary ledger.C. The subledger accounting method must not be assigned if defining an adjustments- only secondary ledger

for manual adjustments in General Ledger.D. The subledger accounting method need not be assigned to the primary ledger for assigning a subledger

accounting method to the adjustments-only secondary ledger.E. The subledger accounting method must be assigned to both primary and secondary ledgers to use the

adjustments-only secondary ledger for both manual and automated adjustments from subledger accounting.

Correct Answer: CESection: (none)

Explanation


QUESTION 100Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structuremapped to their requirement.

1. suspense account - suspense posting2. reserve for encumbrance account - exchange rate gain/loss3. non-postable net income account - average balance processing4. ledger currency balancing account - for using Oracle subledgers and balance subledger journals by theentered currency and balancing segment value5. entered currency balancing account - for using Oracle subledgers and balance foreign currency subledgerjournals by the ledger currency and balancing segment value

Identify two correct mappings of accounts. (Choose two.)

A. 1B. 2C. 3D. 4E. 5



QUESTION 101To achieve the maximum summary account functionality for total (T), how must the value sets for eachsegment of the accounting key flexfield be set?

A. Precision must be set to one.B. The list type must be set to long list of values.C. The maximum size of each segment of the accounting key flexfield must be five characters.D. The format type must be set to character, and the additional option of numbers only must not be selected.



QUESTION 102What is the effect of summary accounts on the efficiency of the posting process?

A. Use summary accounts in the posting process to accumulate values.B. Use summary accounts in the posting process to not accumulate values.C. Use of summary accounts increases the efficiency of the posting process.D. Use of summary accounts decreases the efficiency of the posting process.



QUESTION 103Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

A. Use summarized data in journal formulas.B. Summary relationships are not permanent.C. Inquiry of summary amounts is done online.D. The primary use for summarization is only for reports.E. You can easily reorganize summary views in the future. of the posting process.



QUESTION 104You need to verify that your system has enough resources to handle the volume of accounts that would begenerated by the summary account template. The template has been designed as follows:

D-Region-DThe first segment is company, which has ten values. The second segment is division, which is represented bythe rollup group region. It has six parent values. The last segment is account, which has 500 values.

How many summary accounts would be generated by the template?

A. 60B. 500C. 3,000D. 5,000E. 30,000



QUESTION 105You have the following information:The Accounting flexfield structure is "company, department, product, account." Product has two rollup groups:domestic and international. Department has one rollup group:manufacturing. All accounting flexfield segment values can use alphanumeric characters.

Which summary account template would Oracle General Ledger fail to create? (D:Detail)(T: Total)

A. T-T-T-T

B. T-D-D-DC. D-D-D-DD. D-T-domestic-DE. D-manufacturing-D-TF. T-manufacturing-international-D



QUESTION 106A manager wants to review the cash balance by company. He has asked you to create the summary accounttemplate. The company's accounting flexfield has four segments:

company (5 values)cost centers (30 values)region (4 values)account (180 values)

The total number of cash accounts is five that are associated with two parents:

Three accounts are associated with the parent called Checking. Two accounts are identified with the parentcalled Savings. To combine the cash parents, you create a rollup group named Cash.

Which summary account template would you create to review the cash balances by company? (D: Detail) (T:Total)

A. D-D-D-CashB. T-T-T-CashC. D-T-D-CashD. T-D-T-CashE. T-D-D-CashF. D-T-T-Cash

Correct Answer: FSection: (none)Explanation


QUESTION 107When summary account templates are associated with the check-level advisory of budgetary control funds,what two actions must you perform? (Choose two.)

A. The formula must be identified.B. The currency must be identified.C. The amount type must be identified.D. A debit or credit balance type must be assigned.



QUESTION 108A manager wants to review the cash balance by company. He has asked you to create the summary accounttemplate. The company's accounting flexfield has four segments:

Company (5 values)Cost Centers (30 values)Region (4 values)Account (180 values)

The total number of cash accounts is five that are associated with two parents:

Three accounts are associated with the parent called Checking. Two accounts are identified with the parentcalled Savings. To combine the cash parents, you created a rollup group named Cash.

How many accounts would the summary account template generate?

A. 10B. 40C. 60D. 240E. 1200



QUESTION 109How do you know funds are available in the budgetary control summary account template?

A. when the result is less than one, regardless of the balance typeB. when the result is greater than one, regardless of the balance typeC. when the debit balance type has a positive amount, and the credit balance type has a negative balanceD. when the debit balance type has a negative amount, and the credit balance type has a positive amount



QUESTION 110When structuring the summary accounts hierarchy, what fact must you take into consideration?

A. Grandparenting is not allowed (parents cannot become children).B. You must include every parent value that is defined in the chart of accounts to a rollup group.C. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest

detail level.D. You can drill down only on balances from the summary level to the lowest detail level, and not to

intermediate detail levels.



QUESTION 111Which statement is correct about the differences between the functionalities of parent accounts and summaryaccounts?

A. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budgetformulas.

B. Summary accounts speed up the posting process, whereas parent accounts require additional time for thePosting process.

C. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use thelooping segment type.

D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balancescannot be viewed in that form.

E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accountshelp generate quicker results.



QUESTION 112What are the five steps for creating MassAllocation journal entries? (Choose five.)

A. posting journal entriesB. reviewing journal entriesC. validating cross-validation rulesD. freezing the accounting flexfieldE. generating MassAllocation journalsF. creating the MassAllocation definitionG. validating the MassAllocation definition

Correct Answer: ABEFGSection: (none)Explanation


QUESTION 113Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segmentvalues while defining the MassAllocation formula. What would be your response?

A. Whether you can do this depends on the formula.B. You can customize the workflow and then do this.

C. Whether you can do this depends on the responsibility.D. You can do this only if Allow Dynamic Insert is enabled.E. You can do this only if there is a summary account associated with the parent.



QUESTION 114Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must beautomatically generated at specified intervals. What would be your response?

A. Allow Dynamic Insert must be enabled to satisfy this requirement.B. Cross-validation rules must be defined to satisfy this requirement.C. It is possible to satisfy this requirement by using the autoallocation functionality.D. It is not possible to satisfy this requirement; recurring journals must be created manually.



QUESTION 115The client's GL accountant comes to you with a problem. A journal cannot be posted because it has not beenapproved. The preparer cannot submit the journal for approval because the Approve button is disabled in theEnter Journals form and the supervisor has not received a notification requesting the approval. What could bethe possible cause for this problem?

A. The profile option GL: Allow Preparer Approval must be reset.B. One of the GL account code combinations in the journal is invalid.C. Authorization limits have not been defined properly and the GL period is closed.D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.



QUESTION 116During the testing phase of your implementation, you find that you are unable to delete a journal batch, though itis not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in whichthe batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)

A. The source is frozen.B. The journal batch has not been posted.C. Funds have been reserved for the batch.D. The journal batch has not been approved.E. Funds are in the process of being reserved for the batch.



QUESTION 117You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify twosetups required for journal approval. (Choose two.)

A. Enable journal approval for the Journal Category window.B. Disable the Journal: Find Approver Method profile option.C. Enable the Journal: Allow Preparer Approval profile option.D. Configure the GL journal approval process in Oracle Workflow Builder.



QUESTION 118Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two optionsthat are necessary to enable journal approval. (Choose two.)

A. key flexfieldsB. Journal Sources formC. Journal Categories formD. Journal Encumbrance Types formE. Journal approval on the Ledger Setup page



QUESTION 119Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

A. balancing segmentB. cost center segmentC. management segmentD. natural account segmentE. secondary tracking segment



QUESTION 120Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and issetting up FSG reports to be used by different users. One of the customer requirements is that all users withmodify access must not be able to modify privileges on FSG reports. Identify the correct option to meetcustomer requirements.

A. Enable the security on definition by selecting the enable security check box.B. Remove the security on definition by deselecting the enable security check box.C. Exclude the assign access function for those definitions from the user's responsibility.D. Define security rules and specify what actions can be performed by each user or a group of users.E. Set up profile options against each user and specify what actions can be performed by each user or a group

of users.



QUESTION 121The management segment qualifier must be attached to which key flexfield segment?

A. future segmentB. account segmentC. company segmentD. department segmentE. intercompany segment



QUESTION 122The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GLperiod was closed, but he was able to post the budget journal in a closed period. You check the setup andconfirm that the GL period in which he was able to post the budget journal was closed. What explanation doyou give?

A. The budget year is open.B. The budget status is frozen.C. The budget status is current.D. The Require Budget Journal profile option is set at the set of books level.



QUESTION 123Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many fundsavailable in the stationery account, whereas there is not much amount left for employee travel expenses. Saminstructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account.While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews thesituation and clarifies it to John. Choose what Sam would have explained to John.

A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made onlyafter a funds check.

B. There must be some budgetary control enabled on the stationery account, and a transfer can be made onlyafter a funds check.

C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and atransfer can be made only after a funds check.

D. It is not possible to transfer amount from one account to another unless the absolute amount is known. SoJohn should have calculated 80% of the stationery account and then tried to make the transfer.



QUESTION 124The GL accountant has defined the budget and wants the assistant accountants to enter and update thebudget. The GL accountant wants this budget to be the default. What would be your response?

A. If the client wants to do this, the budget status must be open.B. If the client wants to do this, the budget status must be current.C. The Oracle General Ledger budget functionality cannot satisfy this requirement.D. If the client wants to do this, customization of Oracle Workflow is the only option.



QUESTION 125Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have beenentered and approved by management. After approval, he wants his assistant accountants to NOT be able toupdate this budget. What would be your response?

A. The budget status must be current.B. Set the budget status to frozen to meet this need.


C. The Oracle General Ledger budget functionality cannot satisfy this requirement.D. If the client wants to do this, customization of Oracle Workflow is the only option.



QUESTION 126Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She alsowants to know whether she could delete the budget organization after it has been defined. What would be yourresponse?

A. You can delete the budget and the budget organization after they have been defined.B. You cannot delete the budget or the budget organization after either has been defined.C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.



QUESTION 127Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current yearwhere the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided inmultiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the threebudget rules that Jack must use to minimize the effort. (Choose three.)

A. Use the divide evenly rule with the 4/4/4 spread.B. Use the divide evenly rule with the 4/5/4 spread.C. Use the divide evenly rule with the 5/4/4 spread.D. Use the divide evenly rule with the 4/4/5 spread.



QUESTION 128Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current yearwith reference to the capital expenditure budget of the previous year. The capital expenditure budget issubdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Whichbudget rule must Sam use to minimize the effort.

A. prior year budget monetary and prior year budget statisticalB. prior year actual monetary and current year budget statisticalC. prior year budget monetary and current year budget statisticalD. current year actual monetary and current year actual statisticalE. current year budget monetary and current year budget statistical

Correct Answer: A



QUESTION 129Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must performusing a supplier. (Choose three.)

A. You receive goods or services from suppliers.B. You need supplier information for entering purchase orders.C. You must pay the supplier for the goods or services purchased.D. You need a supplier as the criterion to search for a payment in the system.E. You need a supplier as the criterion to search for purchase orders in the system.



QUESTION 130Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Selectthree activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

A. canceling invoicesB. performing receivingC. scheduling paymentsD. creating purchase ordersE. creating purchase order detailed accounting information



QUESTION 131Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-BusinessSuite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.

A. AssetsB. PayablesC. PurchasingD. ReceivablesE. General Ledger



QUESTION 132Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modulesthat integrate with Oracle Payments. (Choose three.)

A. AssetsB. PayablesC. ReceivablesD. Cash ManagementE. Order Management



QUESTION 133There are five major business functions that occur sequentially during the natural flow of the Payablesprocesses. Consider this list of five steps:

1. Invoice Payment2. Invoice Validation3. Invoice and Payment Accounting4. Supplier Entry5. Invoice Import/Entry

What is the order in which these steps must be performed?

A. 1, 2, 3, 4, 5B. 4, 5, 2, 1, 3C. 5, 3, 1, 2, 4D. 3, 1, 4, 2, 5E. 4, 2, 5, 1, 3



QUESTION 134There are many fields with important data displayed on the main page of the Payables Overview window.Which three fields do NOT appear in the Payables Overview main window? (Choose three.)

A. TermsB. PaygroupC. Trading PartnerD. Settlement DateE. Remit-To Bank Account Name

Correct Answer: ABE



QUESTION 135What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

A. The invoice has no holds.B. The invoice must be posted to General Ledger.C. The invoice has been transferred to General Ledger.D. The invoice distribution has "Track as Asset" selected.E. The distribution account is an Asset Clearing or CIP account.



QUESTION 136Identify two events that take place when an invoice is matched to a purchase order.(Choose two.)

A. Tolerances are enforced.B. The quantity billed is updated.C. The quantity received is updated.D. The purchase order accounting information is copied to the invoice.

Correct Answer: BDSection: (none)Explanation


QUESTION 137Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

A. standardB. prepaymentC. debit memosD. credit memos



QUESTION 138Identify four interface tables that are available in Oracle Payables. (Choose four.)

A. Payables Open InterfaceB. Suppliers Open InterfaceC. Payables PCard InterfaceD. Payables Payments InterfaceE. Payables PO Matching InterfaceF. Payables Invoice Open Interface

Correct Answer: ABCESection: (none)Explanation


QUESTION 139There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oraclemodules that are directly integrated with Oracle Payables.(Choose four.)

A. LoansB. PurchasingC. Bill of MaterialsD. E-Business TaxE. Order ManagementF. Cash ManagementG. System Administrator

Correct Answer: ABDFSection: (none)Explanation


QUESTION 140Select three types of Payables open interfaces that will import data into Payables from other applications orthird-party solutions. (Choose three.)

A. PCard Open InterfaceB. Supplier Open InterfaceC. Matching Open InterfaceD. Receiving Open InterfaceE. Payments Open Interface



QUESTION 141Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choosethree.)

A. ledgerB. paygroupsC. legal entitiesD. responsibilitiesE. business groups



QUESTION 142To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define threeprofile options. (Choose three.)

A. MO: Operating UnitB. HR: Security ProfileC. MO: Security ProfileD. HR: Business GroupE. MO: Default Operating Unit



QUESTION 143Select four options that can be set at the supplier site level. (Choose four.)

A. surveysB. tax detailsC. accountingD. bank detailsE. business classification



QUESTION 144You are at a client site that has thousands of suppliers in their current legacy system that will end up in theOracle Production system. Before conversion, you must perform a supplier cleanup on these numerous namesand sites. Which three naming conventions would you use for "Best Practices" during the supplier cleanup?(Choose three.)

A. Use Last Name, First Name to identify employees as suppliers.B. Create some supplier names in uppercase and others in mixed case.C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.

D. Remove all punctuation marks (commas, periods, and so on) from the supplier name.E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.



QUESTION 145You are on a phased-approach implementation. Payables and Purchasing are being implemented in PhaseOne, and Assets in Phase Two. Identify three choices in the process for the best way to discuss suppliernaming conventions and supplier site naming conventions. (Choose three.)

A. Agree upon naming conventions.B. Gather only the Payables and Purchasing personnel.C. Document conventions and obtain the sign-off by authorized approvers later.D. Document conventions and obtain the sign-off by authorized approvers immediately.E. Gather all interested parties for requirements-including Assets, Payables and Purchasing.



QUESTION 146The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used toaccount for _____.

A. exchange rate variance in invoices and paymentsB. invoice price variance in purchase orders and invoicesC. exchange rate variance for expense items in purchase orders and invoicesD. exchange rate variance for inventory items in purchase orders and invoices



QUESTION 147Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts,invoices, accruals, and expense reports. The client must have much of this information loaded into OracleAccounts Payable daily until they can effectively retire these three systems. Identify the best approach thatinvolves minimal customization.

A. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in otherinformation.

B. Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfacesto be developed.

C. Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requirescustom interfaces to be developed.

D. Use Invoice Import to bring in all the above information after setting the correct profile options and definingthe appropriate AP and non-AP transaction sources. No custom interfaces are needed.

E. Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and SupplierImport to bring in supplier information. The rest requires custom interfaces to be developed.



QUESTION 148Company K has identified these business requirements for their Payables operations:

1. All invoices must be part of a batch.2. Discounts must be taken in all situations.3. Invoices must be numbered by the system.4. Accounting entries must be created for all invoice types.5. All credit memos above a certain dollar amount must be approved before entry.6. Four-way matching is enforced.

Select the profile option to be configured that will satisfy the above requirements.

A. AP: Invoice MatchB. AP: Use Invoice Batch ControlsC. AP: Enable Invoice AutonumberingD. AP: AP Discounts Interface Start DateE. AP: Use Invoice Accounting For Credit Memos



QUESTION 149ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice isreceived from them. The cost centers that are to be charged require minimal updating. Select the option youwould recommend that requires minimal ongoing maintenance.

A. Import predefined invoices from an Excel spreadsheet.B. A customization may be created to allocate the charges at the end of the month.C. Create an invoice and use the prorate functionality to allocate the cost across accounts.D. Make it an operational policy that all invoices of this type are created listing all the desired accounts.E. Create a distribution set for all the desired accounts and associate it to all new invoices for this supplier.



QUESTION 150

Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL andInterface Supplier Costs are processed each night. A descriptive flexfield called SAI Value has been defined onthe invoice header to capture additional information, and is used in conjunction with the accounting on theinvoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which ismanually applied whenever an invoice is created and the SAI Value has not been provided to Company Z bythe supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAIHold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

A. Invoices have not been validated.B. The current General Ledger period is closed.C. The current Project Accounting period is closed.D. The Payables Accounting process has not been run.E. Accounting is not being created by the user-defined hold.F. The descriptive flexfield field must be a required field, and not an optional field.



QUESTION 151Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered viathe Invoice Gateway. (Choose three.)

A. debit memosB. credit memosC. prepaymentsD. PO default invoiceE. PO standard invoice



QUESTION 152Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

A. using a distribution setB. creating through allocationsC. matching the invoice to a shipmentD. using the Distributions Open InterfaceE. manually entering in the distributions window



QUESTION 153Company XYZ has received an invoice that includes freight charges. They want to distribute the freight chargesproportionately to the same accounts that were charged for the items. Identify the steps they need to follow tocreate the freight distributions.

A. Manually enter freight-type distributions for each account that was charged.B. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.C. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.D. In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate,

and select the distributions to which freight charges would be allocated.



QUESTION 154ABC Corp. requires that all invoices are matched to both a purchase order and a receipt. Invoice tolerances areset to zero. A standard purchase order is entered for consulting services. An invoice is entered and matchedagainst a purchase order. The total invoice amount matches the distribution amount. When the steps toprepare the invoice for payment are completed, the invoice is placed on hold. The company's business policystates that all holds cannot be manually released. To pay the supplier, identify the step to be completed toremove the hold and be eligible for payment.

A. Inspection is required because it is a three-way match.B. Manually release the hold because it is not a system hold.C. The service must be received in Purchasing because three-way matching is required.D. The service must be received in Accounts Payable because it is a purchase order for a service and not a

commodity or item.E. Change the invoice tolerances in the Payables Options form to be greater than zero, so that the invoice

does not go on hold again.



QUESTION 155Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

A. You can use QuickMatch to match individual distribution lines.B. You can use QuickMatch to match individual purchase order shipments.C. Payables automatically completes the match to all available shipments on the purchase order.D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.



QUESTION 156Which three are true regarding purchase order-matched invoices? (Choose three.)

A. You can set up controls in your system to require you to purchase order-match each invoice.B. You can set up controls in your system to require you to invoice-match credit /debit memos that have been

matched to a purchase order.C. You can set an option on a purchase order shipment that controls whether invoices must match that

shipment directly or through a receipt.D. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice

are less than the amounts or quantities on the purchase order or receipt.E. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice

are greater than the amounts or quantities on the purchase order or receipt.



QUESTION 157Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated,but have been unable to create accounting entries. You have been asked to review the situation. Identify whatcould be causing this problem.

A. The base currency has not been defined.B. Automatic offsets have been set to balancing.C. The primary accounting method has not been defined.D. The Payables Accounting Process was not submitted.E. The account for gain or loss attribute has not been enabled.



QUESTION 158Identify four functions of the Invoice Validation process. (Choose four.)

A. applying any required holdsB. releasing any qualifying holdsC. applying all prepayments and discountsD. validating the General Ledger accounting informationE. validating and creating accounting entries for the invoiceF. ensuring that the total amount of all distributions equals the invoice totalG. creating an additional distribution for any difference between the total amount of all distributions and the

invoice total

Correct Answer: ABDFSection: (none)Explanation


QUESTION 159A client has a requirement for their Payables application:

1) AP must automatically create balancing accounting entries for invoice and payment transactions by using theexpense GL Account.2) Stop the application of a prepayment amount to an invoice or expense report amount that is charged to adifferent balancing segment.

Which two steps would satisfy both these requirements? (Choose two.)

A. Set the Automatic Offset Method to Accrual.B. Set the Automatic Offset Method to Account.C. Set the Automatic Offset Method to Balancing.D. Enable the Prevent Prepayment Application Across Offset Segments option.E. Enable the Prevent Prepayment Application Across Account Segments option.F. Enable the Prevent Prepayment Application Across Balancing Segments option.

Correct Answer: BFSection: (none)Explanation


QUESTION 160Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate theinvoice. After this process is run, there is data that cannot be updated, modified, or changed. Choose three datafields that cannot be updated, modified, or changed after the Invoice Validation process has run and this invoicehas a prepayment applied to it. (Choose three.)

A. invoice dateB. supplier siteC. trading partnerD. supplier numberE. invoice description



QUESTION 161Identify three invoice holds that cannot be manually released. (Choose three.)

A. Acct Hold ReasonB. Funds Hold ReasonC. Invoice Hold ReasonD. Variance Hold ReasonE. Insufficient InformationF. Matching Hold ReasonG. Prepaid Amount Reason

Correct Answer: AEGSection: (none)Explanation


QUESTION 162You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice frombeing selected in a Payment Batch, and paid. Identify the Payables window where you can select the Holdcheck box to place the invoice on a Payment Hold.

A. Enter PaymentsB. Invoice OverviewC. Invoice DistributionsD. Scheduled Payments



QUESTION 163Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

A. HoldsB. ActionsC. Invoice LinesD. All DistributionsE. Scheduled Payments



QUESTION 164Identify the item that requires approval through the workflow process.

A. invoices not matched to a purchase orderB. invoices that existed before you enabled the featureC. expense reports imported through the Payables Expense Report Import ProgramD. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option

enabled



QUESTION 165A client is implementing ACH and has a business requirement that all invoices go through an approval processflow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choosethree.)

A. allows automatic resubmission of an invoice if rejection occursB. has predefined criteria to identify which invoices require approvalC. allows approval routing management from one central responsibilityD. provides automatic routing of invoices upon approval to another designated approverE. allows for corrections to invoices to be made while still in the approval routing processF. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted

to the next approver

Correct Answer: BDFSection: (none)Explanation


QUESTION 166Identify three true statements about the invoice approval workflow. (Choose three.)

A. If an approver rejects the invoice, the Workflow program ends.B. If an approver does not respond within the time you specify, Workflow routes the invoice back to the

originator.C. If an approver does not respond within the time you specify, then Workflow requests approval from that

person's manager.D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required

people approve the invoice.E. If the invoice amount is changed after the invoice is already submitted to the approval process or after the

process is complete, the system does not automatically resubmit the invoice for approval.



QUESTION 167Using the Payables System Setup Options form, you can enable autonumbering for _____.

A. invoicesB. suppliersC. paymentsD. employeesE. expense reports



QUESTION 168Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select twoexceptions where Payables automatically sets the approval status to not required. (Choose two.)

A. invoices imported through EDIB. invoices created after invoice workflow approval is enabledC. invoices created using the Pay on Receipt Autoinvoice programD. expense reports imported through the Payables Expense Report Import programE. recurring invoices if the approval workflow option required was not enabled on the template



QUESTION 169Identify four purposes for which the Special Calendar is used. (Choose four.)

A. payment termsB. recurring invoicesC. Key Indicators ReportD. automatic tax withholdingE. opening and closing payables periodsF. controlling the number of future periods



QUESTION 170Select four tips that can be used to speed up data entry. (Choose four)

A. Use quick invoices.B. Use distribution sets.C. Use recurring invoices.D. Use keyboard shortcuts.E. Use only invoices without holds.



QUESTION 171Identify three statements that properly describe the use of distribution sets. (Choose three.)

A. Assign a distribution set to an invoice when you enter it.B. Use full distribution sets to create distributions with no set percentage amounts.C. Use skeleton distribution sets to create distributions with set distribution amounts.D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that

supplier site.E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a

purchase order.



QUESTION 172ABC Corporation wants to convert from their existing legacy application to Oracle E- Business Suite Release12. Identify three statements that are true for invoice conversion.(Choose three.)

A. Merge all paid invoices for a supplier.B. Invoices related to employee expense cannot be converted.C. Establish a cutoff date after which invoices will be entered in Payables.D. Use Payables Open Interface to convert unpaid invoices and credit memos.E. Develop metrics that will be used to determine whether data conversion was successful.



QUESTION 173Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts.They will use payment batches, quick payments, and manual payment processing. Select three paymentmethods that are available based on the company's requirements. (Choose three.)

A. wireB. checkC. clearingD. electronic funds transfer (EFT)E. electronic data interchange (EDI)F. extensible markup language (XML)



QUESTION 174Which statement is true about paying invoices?

A. An invoice can be paid without being validated.B. An invoice can be paid only after the invoice accounting entries are created.C. An invoice must be validated before you can create invoice accounting entries.D. Invoice accounting entries and payment accounting entries can be transferred at different times to General

Ledger only if they are in different calendar periods.E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at

the same time if they are in the same calendar period.



QUESTION 175Which is the final step in processing a payment batch?

A. Cancel the payment batch.B. Confirm the payment batch.C. Validate the payment batch.D. Run the create accounting process.E. Transfer the batch to General Ledger.



QUESTION 176You are working on an implementation for Accounts Payable. Many payments for small suppliers will be madeoutside the system, but your client does not want to manually record them because that would be timeconsuming. Choose the best solution.

A. Create electronic payment batches by using a check payment method for those multiple suppliers, anddestroy those checks.

B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and thendelete the resulting electronic file.

C. Create electronic payment batches by using a clearing payment method for those multiple suppliersbecause this payment method does not generate a file.

D. Create electronic payment batches by using an electronic payment method such as EFT for those multiplesuppliers, and then do not send the resulting electronic file to the bank.



QUESTION 177Identify the default value for the term date that would extend the time to pay an invoice, if the payment term isnet 30 days.

A. invoice dateB. system dateC. invoice entered dateD. goods received dateE. invoice received date



QUESTION 178Identify three Payables system setup options. (Choose three.)

A. bill-to locationB. always take discountC. allow void and reissueD. create interest invoiceE. application accounting definitions



QUESTION 179Identify three statements that describe Payment Terms. (Choose three.)

A. default from the supplier siteB. cannot be specified in import tablesC. can be used for electronic paymentsD. can be used to schedule payments for an invoiceE. automatically calculate due dates, discount dates, and discount amounts for each invoice



QUESTION 180Identify three options available to manage cash requirements. (Choose three.)

A. Include Only Due.B. Change Pay Groups.C. Select Payment Terms.D. Select additional Pay Through Days.E. Narrow the selection of invoices in pay run.



QUESTION 181Identify three features that speed up data entry. (Choose three.)

A. data loaderB. scan invoicesC. account aliasesD. customized foldersE. account distribution sets



QUESTION 182Identify three features of Payment Manager. (Choose three.)

A. updates a supplier's bank detailsB. provides calculation of the interest amountC. uses templates to select invoices to pay that meet the payment criteriaD. creates payment process request templates by specifying invoice selection criteriaE. automatically submits invoices via payment process requests to Oracle Payments for processing and

payment



QUESTION 183Identify three statements that are true for electronic or wire payment. (Choose three.)

A. A wire payment validates the supplier's bank details.B. More bank accounts for a supplier or supplier site can be added.C. Supplier banks must be assigned to the supplier for electronic payment.D. Payables does not require supplier bank account information for a wire payment.E. Electronic payment instructs the bank to make payment to a supplier bank account.



QUESTION 184Which three are true about internal bank accounts? (Choose three.)

A. They are defined to disburse funds to suppliers.B. They are defined for receiving payment from customers.C. They are defined to disburse electronic payments from your customers.D. They are defined for receiving electronic payments made to your suppliers.E. Internal accounts define bank accounts for which you are the account holder.



QUESTION 185Which two statements are true about defining payment documents? (Choose two.)

A. Checks and electronic payments are examples of payment documents.B. Credit and debit memos and checks are examples of payment documents.C. You can create only one payment document for each internal bank account.D. You must create at least one payment document before you can use a bank account to create invoice

payments.E. Use the Payment Documents window to define payment documents for internal, customer, and supplier

bank accounts.



QUESTION 186Identify three statements that are true for supplier's bank details. (Choose three.)

A. Suppliers maintain their bank details.B. Bank details are required only for manual check payments.C. Bank accounts can be added at any time for a supplier or supplier site.D. Payables uses bank account information to generate an electronic payment for a supplier.E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.



QUESTION 187Identify three statements that are true for entering bank and branch details. (Choose three.)

A. Each bank must have at least one bank branch.

B. The bank account number is free-formatted information.C. Banks and bank branches are created for Cash Management.D. Bank accounts cannot be shared between bank and bank branches.E. Each bank can have multiple branches and each branch can have multiple accounts.



QUESTION 188Identify three statements that are true about bank and supplier payment. (Choose three.)

A. Primary bank account can be only at the supplier site.B. Credit and debit memos are examples of payment documents.C. Supplier's payment requires a bank account with at least one payment document.D. Use the Banking Details page to create bank accounts for making payments to suppliers.E. If bank accounts for a supplier site are entered, Payables defaults the supplier's active bank accounts.



QUESTION 189Identify three statements that are true about bank account information. (Choose three.)

A. Bank accounts are used to calculate the supplier's discount.B. Disbursement bank accounts cannot be used for payment.C. Payables, Receivables, and/or Treasury uses bank accounts.D. Payables uses an internal bank account to disburse funds to suppliers.E. Receivables uses a bank account to receive payments from customers.



QUESTION 190To transmit an electronic payment instruction manually, perform these four steps.

1. In the Payments Manager, select the Payment Instruction tab.2. In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction:<number> page is displayed.4. From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the propersequence they would be performed.

A. 1, 3, 2, 4

B. 1, 2, 3, 4C. 1, 3, 4, 2D. 2, 3, 4, 1



QUESTION 191Identify four options for Quick Payments. (Choose four.)

A. Create a check, save it, and print it later.B. Select an invoice that has not been validated.C. Select an invoice that has one or more holds.D. Create a quick payment, and select an invoice regardless of the due date.E. Create a quick payment, and select an invoice regardless of the payments terms.F. Create and print a computer-generated payment to pay a supplier for one or more invoices.

Correct Answer: ADEFSection: (none)Explanation


QUESTION 192Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoiceover multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.

A. due dateB. bank accountC. gross amountD. trading partnerE. payment methodF. system hold reason



QUESTION 193Payment process request templates are created on the Templates tabbed page of the Payments Manager tosimplify pay run processing. All statements in the list below represent steps to create a payment processrequest template. Which one is the first step?

A. Specify payment attributes.B. Specify template header information.C. Specify the degree of pay run automation.

D. Specify invoice payment selection criteria.E. Specify how the system handles validation failure on the document and payment levels.



QUESTION 194R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?

A. startB. stopC. saveD. submitE. searchF. subtab

Correct Answer: FSection: (none)Explanation


QUESTION 195In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?

1. Review unselected invoices.2. Change the invoice amount or the discount taken.3. Add selected invoices to the payment process request.4. Remove selected invoices from the payment process request.5. Recalculate interest, payment withholding, or exchange rates.

A. All actions 1-5.B. 1, 3 and 4 only.C. 1, 2 and 5 only.D. 1, 2, 3 and 4 only.



QUESTION 196To review All of Todays selected invoices from the payment process request in the Payment Manager, performthese actions:

1. Navigate to the Payment Process Request component.2. Navigate to the (B) Views window.3. Select All of Todays from the drop-down list.4. Click the Go button.

5. The payment process request for today is displayed.

Select the actions, arranged in their proper sequence.

A. 2, 3, 4, 5B. 5, 2, 3, 4C. 1, 2, 3, 4, 5D. 5, 2, 3, 4, 5



QUESTION 197Which four selection criteria can be used when creating a pay run? (Choose four.)

A. supplierB. due dateC. customerD. pay groupE. invoice batchF. payment priority

Correct Answer: ADEFSection: (none)Explanation


QUESTION 198The Quick Payment method is best described as the method of _____.

A. creating a payment without an invoiceB. manually writing a check outside of PayablesC. recording a payment made outside of PayablesD. creating and printing a computer-generated payment to pay a supplier for one or more invoices



QUESTION 199You have received an invoice that requires an immediate payment. The next scheduled check run is not untilthe end of the week. Which two methods may you use to create the payment? (Choose two.)

A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench andcreate a quick payment.

B. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and

create a manual payment.C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the

Payment Workbench and create a quick payment.D. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the

Payment Workbench and creates a manual payment.



QUESTION 200Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

A. You can select only those invoices that are due.B. If you want to pay multiple invoices, none can be a pay-alone invoice.C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.D. You can pay only as many invoices as you defined for the remittance advice of the payment document.E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.



QUESTION 201Choose the process that can be performed after a pay run has been formatted.

A. Change an invoice amount.B. Prevent payment to a supplier.C. Print checks from the output file.D. Prevent payment of a particular invoice.E. Add an invoice that Payables did not originally select.



QUESTION 202You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries arecreated in General Ledger. You perform these steps, in the order shown:

1. Enter the supplier.2. Enter the invoice.3. Create the pay run.4. Create payment accounting entries.5. Validate the invoice.6. Create invoice accounting entries.7. Transfer the information to General Ledger.

What would be the result?

A. The invoice is not paid and no entries are created in General Ledger.B. The invoice is paid and all accounting entries are created in General Ledger.C. The invoice is not paid but the invoice accounting entry is created in General Ledger.D. The invoice is paid but only the invoice accounting entry is created in General Ledger.



QUESTION 203Select four occasions when the Create Accounting process can be run. (Choose four.)

A. after the payment processB. before the payment processC. after the Invoice Validation processD. before the Invoice Validation processE. before the transfer information to GL process

Correct Answer: ABCESection: (none)Explanation


QUESTION 204The manual payment method is best described as the method of _____.

A. paying multiple checks in a pay runB. paying a single check within PayablesC. manually writing a check outside of PayablesD. recording a payment made outside of Payables



QUESTION 205You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you performthese steps to complete the pay run process?

1. Review proposed payments.2. Print payments.3. Create payment instructions.4. Select and build proposed payments.5. Mark payments as complete.

A. 4, 2, 1, 5, 3B. 4, 1, 3, 2, 5C. 2, 4, 1, 3, 5D. 5, 4, 1, 2, 3



QUESTION 206Identify three options for preventing prepayments. (Choose three.)

A. Release the scheduled payment.B. Apply one or more holds to the prepayment.C. Apply the holds as you would for any other invoice.D. Release the holds from a prepayment just as you would for any other invoice.



QUESTION 207When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are threeclearing restrictions for Cash Management.

1. Oracle Cash Management cannot clear bills payable that have a status of _____.2. Oracle Cash Management clears bills payable only if the payment status is _____.3. On or after the maturity date of the payment, you can update the status to _____.

Identify the one status for the second clearing restriction.

A. issuedB. negotiableC. reconciled



QUESTION 208Here is a description of a report, file, or register. Use this to review payments created for each bank accountthat you use during a time period you specify. The report lists each payment, as well as total payment amountand cleared amount of all payments. Identify the name of this standard report.

A. Positive Pay FileB. Payment RegisterC. Payment Exceptions Report

D. Payment Process Request Status Report



QUESTION 209Which statement is FALSE about the Stop Payments Report?

A. Use this report to review all current stop payments.B. Payables lists stop payments that were voided at a later time.C. Payables does not list stop payments that were voided at a later time.D. Payables does not list stop payments that were initiated, but then released at a later time.



QUESTION 210Company A has implemented Oracle Payables and Oracle General Ledger. It has a third- party (non-Oracle)application that it uses to enter employee expense reports. The company wants to interface the expensereports created in the third-party application to Oracle Payables as invoices, and pay these invoices out ofOracle Payables. Identify the Oracle Payables interface that accomplishes this.

A. Projects Import InterfaceB. Payables Open InterfaceC. Credit Card Import InterfaceD. Expense Report Import Interface



QUESTION 211Identify two advantages of using Oracle Internet Expenses. (Choose two.)

A. It improves cycle times by routing expense reports via a workflow.B. Expense reports that are entered using Internet Expenses are visible in Payables.C. Enforcement of spending policy controls expenses, showing any policy deviations.D. Expense report template attributes are defined in Internet Expenses to manage expense types.



QUESTION 212Company A wants to use Oracle Internet Expenses with expense report templates. Identify three truestatements for the setup of expense report templates. (Choose three.)

A. The tax code assigned to an expense item must be Web enabled.B. Each expense item must have an expense category assigned to it.C. The expense report template must be enabled for Internet Expenses.D. The GL account assigned to an expense item must have all accounting flexfield segment values entered.



QUESTION 213Expense reports for Company A are entered in Payables using the Expense Report form. The accountingflexfield has a three-segment structure:

Company - Cost Center - Account

The employee GL account on the expense report is populated from the employee record. The company and thecost center for the expense lines are derived from the GL account. The account segment value could vary forevery line on the expense report. Identify the approach you recommend to Company A for fast and accurateentry of expense reports.

A. Enter the expense report header. Enter lines. Enter all segment values for each expense report line.B. Enter the expense report header. Enter lines. Override the account segment value for each line as required.C. Create expense report templates. Enter the account segment value for each line on the template. Leave the

other segment values empty. Use the template lines when entering the expense report.



QUESTION 214Identify the setup options that would allow the accounts payable supervisor to default an active expense reporttemplate.

A. System OptionsB. Financial OptionsC. Code Set OptionsD. Payables OptionsE. Expense Report Payables Options



QUESTION 215If you use the Expense Report Export program, it converts expense reports created in these applications intoPayables invoices. Identify the two applications. (Choose two.)

A. Oracle AriaB. Oracle TravelC. Oracle ProjectsD. Oracle PayablesE. Oracle General LedgerF. Oracle Internet Expenses

Correct Answer: DFSection: (none)Explanation


QUESTION 216During the entry or update of expense reports in the Payables Expense Report window, holds can be applied onan expense report. These holds are carried forward to the invoice created from the expense report in Payables.Which statement is true?

A. Only one user-defined hold and no system hold can be applied on one expense report in the PayablesExpense Report window.

B. Any number of user-defined holds and only one system hold can be applied on one expense report in thePayables Expense Report window.

C. Only one user-defined hold and any number of system holds can be applied on one expense report in thePayables Expense Report window.

D. Any number of user-defined holds and any number of system holds can be applied on one expense reportin the Payables Expense Report window.



QUESTION 217A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired asthe implementation consultant and have been given the assignment. To complete this assignment, choose theoption that applies.

A. Set up the prepayment terms.B. Enable "Allow prepayments" in the Financial Options form.C. Enable the Oracle Payables Enable Prepayments profile option.D. No additional configuration is required. Users must set up the prepayment when the invoice is created.E. No additional configuration is required. Users must set up the prepayment when the payment is created.



QUESTION 218Identify the conditions that must exist before you can apply an advance against an expense report.

A. The prepayment type is temporary and has been fully applied.B. The prepayment type is temporary and has not been fully applied.C. The prepayment type is permanent, has been validated, and not canceled.D. The prepayment type is permanent and no active holds exist for the prepayment.



QUESTION 219Identify the table used to load procurement card transactions.

A. AP_Card_CodesB. AP_Invoices_InterfaceC. AP_Invoice_Lines_InterfaceD. AP_Expense_Feed_Lines_All



QUESTION 220Select the four activities that are NOT part of the Payables closing process. (Choose four.)

A. confirm payment batchesB. close the Payables periodC. close the General Ledger periodD. process period-end receipt accrualsE. review the Uninvoiced Receipts ReportF. process the remaining Inventory transactions

Correct Answer: CDEFSection: (none)Explanation


QUESTION 221Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

A. unpaid invoicesB. outstanding pay runs

C. invoices not validatedD. unaccounted invoicesE. unpaid expense reports



QUESTION 222Select three processes that must be performed before closing the purchasing period.(Choose three.)

A. Process period-end receipt accruals.B. Run the Purchasing Account Analysis Report.C. Process the remaining inventory transactions.D. Run and review the Uninvoiced Receipts Report.E. Run Transfer Journal Entries to the GL program from Receiving.



QUESTION 223XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating,adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the companyruns the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written,which account must be specified on the purchase order distribution for the charge account?

A. the material account associated with the inventory organizationB. the AP trade liability account associated with the operating unitC. the asset cost account associated with an asset category in AssetsD. the asset clearing account associated with an asset category in Assets



QUESTION 224XYZ Corp. must complete the subledger account process and perform other period-end closing activities.Payables must validate and account for the remaining invoices that have system holds. Select the period-endprocessing order to be followed assuming that there are no error transactions.

A. journal import, journal posting, invoice validation, create accounting, transfer journal entries to GeneralLedger

B. create accounting, invoice validation, transfer journal entries to General Ledger, journal import, journalposting

C. invoice validation, create accounting, transfer journal entries to General Ledger, journal import, journalposting

D. transfer journal entries to General Ledger, submit journal import, create accounting, invoice validation,journal posting



QUESTION 225Your company accrues expense items at period end. Identify the report that must be generated before you runyour receipts' accrual period-end process.

A. Accrual Write-OffB. Uninvoiced ReceiptsC. Mass Additions CreateD. Accounts Payable Trial Balance



QUESTION 226Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

A. Accrual Write-Off ReportB. Uninvoiced Receipts ReportC. Accounts Payable Trial BalanceD. Payables Posted Invoice RegisterE. Payables Posted Payment RegisterF. Matched and Modified Receipts Report



QUESTION 227Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable TrialBalance Report. (Choose four.)

A. Void Check RegisterB. Posted Invoices ReportC. Posted Payments ReportD. Accounts Payable Trial Balance - prior periodE. Payables Transfer to General Ledger ReportsF. Accounts Payable Trial Balance - current period

G. Account Analysis - (132 Char) / Account Analysis - (180 Char).

Correct Answer: BCDFSection: (none)Explanation


QUESTION 228Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and providePayables-related accounting information to Oracle Subledger Accounting. (Choose three.)

A. Oracle AssetsB. Oracle LeasingC. Oracle InventoryD. Oracle ReceivablesE. Oracle Procurement



QUESTION 229Identify three processes that you must run before closing your Payables period. (Choose three.)

A. Expense Report ExportB. The Create Accounting programC. Payables Open Interface ImportD. Period Close Exceptions ReportE. The Transfer Journal Entries to GL program



QUESTION 230Identify the statement that reflects the functionality of the Create Accounting Process.

A. The Create Accounting Process creates subledger accounting entries.B. You can use the Create Accounting Process to create subledger accounting entries and validate the

invoices.C. The Create Accounting Process is used to create subledger accounting entries and transfer the

transactions to General Ledger.D. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the

transactions to General Ledger.

Correct Answer: ASection: (none)

Explanation


QUESTION 231Identify three functions that the Create Accounting program provides. (Choose three.)

A. validates and creates subledger journal entriesB. generates the Posted Journal Report for subledger journal entriesC. transfers final journal entries in the current batch run to General LedgerD. applies the application accounting definitions that are created in Accounting Builder (ABM)E. allows you to update final journal entries before the Transfer to General Ledger process is runF. generates the Subledger Accounting Program Report, which documents the results of the Create

Accounting program

Correct Answer: ACFSection: (none)Explanation


QUESTION 232When reviewing the Accounts Payable Trial Balance Report for a period, a user notices that the remainingbalance for an invoice is negative. What is the reason?

A. The invoice was overpaid.B. The invoice was never accounted for.C. The invoice was moved to the next period.D. The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.



QUESTION 233Which three reports can be used to reconcile Payables activities to General Ledger? (Choose three.)

A. Supplier Payment ReportB. Posted Payments ReportC. Cash Clearing Account ReportD. Accounts Payable Trial Balance ReportE. General Ledger Account Analysis Report



QUESTION 234ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-20XXand ended on 26-APR-20XX. To ensure that all accounting from APR-XX has been sent to General Ledger,they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. Whatdates must be used to run Accounts Payable Trial Balance Reports?

A. one run for 26-MAR-20XX and one for 26-APR-20XXB. one run for 01-APR-20XX and one for 30-APR-20XXC. one run for 27-MAR-20XX and one for 26-APR-20XXD. one run for 31-MAR-20XX and one for 30-APR-20XX



QUESTION 235As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matchesincorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items ontheir accrual reports. Which two actions can they perform to solve the problem? (Choose two.)

A. Reverse the invoice distributions and rematch if possible.B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual

journal entry in General Ledger to clear the receipt from the report.C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off

window to remove the item from reappearing on subsequent reports.Create a manual journal entry in General Ledger to clear the accrual.

D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and usethe Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journalentry in General Ledger to clear the accrual.



QUESTION 236At your client site, the Payables period-close processes have been performed. The Payables transfer to GL hasbeen completed, and the resulting journal entries have been posted to GL. The current Payables period hasbeen closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - PostedPayments equals the Accounts Payable Trial Balance (last day of current period). However, the balance in theAP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day ofthe current period). What is the possible reason?

A. Inventory has not closed for the current period.B. Purchasing has not closed for the current period.C. Period-end accrual journals have been reversed in GL.D. Manual journals have been posted to the AP liability account in the current period in GL.



QUESTION 237In the accrual process for perpetual accruals, which two events generate accounting entries that can betransferred to GL? (Choose two.)

A. processing a receiptB. entering a purchase orderC. running the period-end accrual programD. entering invoices and matching them in Payables



QUESTION 238In the accrual process for period-end accruals, which two events generate accounting entries that can betransferred to General Ledger? (Choose two.)

A. processing a receiptB. entering a purchase orderC. running the period-end accrual programD. entering invoices and matching them in Payables



QUESTION 239Where do you define the attribute that determines whether you will accrue expense items at receipt or at periodend?

A. System OptionsB. Financial OptionsC. Payables OptionsD. Purchasing OptionsE. Payables System Setup Options



QUESTION 240Identify three key accounts to be considered during the implementation of Payables that impacts thereconciliation of the accounts payable liability accounts. (Choose three.)

A. AP liability accountB. accrual charge accountC. receiving accrual accountD. accrued Payables accountE. receiving inventory accountF. expense AP accrual accountG. inventory AP accrual account

Correct Answer: AFGSection: (none)Explanation


QUESTION 241Identify two implementation considerations that impact Payables during the closing process. (Choose two.)

A. Determine how often you will run the Transfer Journal Entries to GL process.B. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.C. Choose the detail option to transfer details to General Ledger during the Create Accounting process.D. Review the scheduling of the Create Accounting process to ensure that this is processed before processing

pay runs.E. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the

Create Accounting process.



QUESTION 242At your client site, under Payables Options, the Transfer to GL option has been set to Summarize byAccounting Period. The period-end close processes for AP have run and the Payables journals (purchaseinvoices and payments) have been created and posted in GL. Which statement is true?

A. It is not possible to drill down from GL to Payables.B. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.C. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals

of category payments.D. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from

journals of category purchase invoices.



QUESTION 243Where does the expense AP accrual account used in the Period End Accrual process default from?

A. Financial OptionsB. Payables OptionsC. Receiving OptionsD. Purchasing Options



QUESTION 244Identify three prerequisites for the Payables period-close process. (Choose three.)

A. resolving holdsB. reconciling bank statementsC. updating matured bills payableD. completing all receipt processingE. confirming or canceling all pay runsF. making adjustments to supplier invoices interfaced to Projects



QUESTION 245Your client, Company A, has these requirements:

1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once perweek.2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes.3. Oracle Projects balances must be updated once every month.4. Payment batches must be processed daily.

On the basis of the above requirements, what would be the minimum recommended frequency of running theTransfer to GL program?

A. dailyB. weeklyC. monthlyD. once every two weeks



QUESTION 246Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?

A. Invoice RegisterB. Create AccountingC. Invoice Audit ListingD. Payables Posted Payment Register



QUESTION 247To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup optionsfor manual tax lines. (Choose three.)

A. RegimeB. Event ClassC. Regime, TaxD. Configuration OwnerE. Tax - Controls and DefaultsF. Regime, Tax, Tax Jurisdiction



QUESTION 248To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these optionsat the Event Class, Configuration Owner, or Tax level. Under the manual tax options (Event Class,Configuration Owner, or Tax level), which common capability is found?

A. Allow Tax RecoveryB. Allow Withholding TaxC. Allow Manual Tax Only LinesD. Allow Entry of Manual Tax LinesE. Allow Override for Calculated Tax LinesF. Allow Recalculation for Manual Tax Lines



QUESTION 249You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxabledistributions. You must also adjust _____.

A. the number of invoice lines

B. the total header invoice amountC. the amount of another distributionD. the self assessed taxes in the Tax Details window



QUESTION 250Select the income tax report that is NOT available in the Payables module.

A. Withholding Tax by InvoiceB. Withholding Tax by SupplierC. Withholding Tax by PaymentD. Withholding Tax by Supplier Site



QUESTION 251Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by InvoiceReport.

A. At Payment TimeB. Allow Force ApprovalC. Allow Online ValidationD. At Invoice Validation Time



QUESTION 252Tax Content Services store and maintain the master and reference data that are needed to support the othercomponents in E-Business Tax. You use the E-Business Tax application to model details about the tax setupfor all your company tax requirements. Identify the two that are NOT a subcomponent of Tax Content Services.(Choose two.)

A. tax jurisdictionsB. tax condition setsC. basic tax configurationD. determining factor setsE. country default controlsF. exemptions and exceptions



QUESTION 253Identify three E-Business Tax setup options. (Choose three.)

A. set up supplierB. set up tax regimesC. set up tax recovery ratesD. set up taxes and tax ratesE. set up currency exchange



QUESTION 254Identify three statements that are true about E-Business Tax and Payables. (Choose three.)

A. In E-Business Tax, tax calculations are based on supplier's site defaults.B. In E-Business Tax, there is one repository with detailed and fully allocated tax lines.C. Payables is not integrated with E-Business Tax to provide tax services for invoices.D. With E-Business Tax, you can account for recoverable taxes at the time and to the extent of payment in

Payables.E. Payables integrates with E-Business Tax to automatically determine and calculate the applicable tax lines

for the invoices.



QUESTION 255Identify three statements that are true for E-Business Tax. (Choose three.)

A. E-Business Tax transactions are strictly controlled and cannot be changed.B. E-Business Tax provides seeded tax registration types for local organizations.C. E-Business Tax provides a single point solution for managing your transaction-based tax requirements.D. E-Business Tax provides a common model for setting up tax data for tax determination and tax calculation.E. E-Business Tax uniformly delivers tax services to all E-Business Suite business flows through one

application interface.



QUESTION 256Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VATand Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

A. exciseB. propertyC. customs dutyD. vehicle licenseE. recoverable tax



QUESTION 257When you validate an invoice in Payables, E-Business Tax automatically performs four tasks. (Choose four.)

A. creates distributionsB. recalculates tax linesC. allocates tax amountsD. places tax-related holds on the invoiceE. updates imported invoices into Payables



QUESTION 258To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete sevenfields. Name three. (Choose three.)

A. industryB. tax amountC. tax regimeD. commodityE. supplier site



QUESTION 259To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate

and enable "Set as Offset Tax"?

A. taxesB. tax rulesC. tax ratesD. tax statusesE. tax regimes



QUESTION 260E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implementaccrual-based accounting recoverable tax, four setups are needed.(Choose four.)

A. Enable "Set as offset tax."B. Enable "Allow tax recovery."C. Set the default recovery settlement option to "Deferred."D. Define tax accounts, tax expense, recoverable tax, and interim tax.E. Enable the default recovery settlement options at the regime, tax, tax status, or tax rate levels.

Correct Answer: BCDESection: (none)Explanation


QUESTION 261Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax.To use self -assessed taxes, enable the Set for Self Assessment/Reverse Charge option when you define the_____ in the Party Tax Profile.

A. set allow tax recoveryB. tax registration informationC. recoverable tax informationD. set allow manual tax only lines



QUESTION 262Identify three statements that are true about the withholding tax process. (Choose three.)

A. Tax is automatically calculated at any calculation level.B. The withholding tax process is a part of Cash Management.

C. Payables automatically generates withholding tax invoices to pay tax authorities.D. Payables calculates withholding taxes on invoices during the invoice validation process or during the

payment calculation.E. If the withholding tax is calculated during the invoice validation process, the taxable amount withheld is the

gross amount.



QUESTION 263Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choosethree.)

A. Withholding tax is an account distribution process.B. The withholding tax option can be overwritten at the invoice level.C. If a supplier does not allow withholding tax, you cannot allow withholding tax for any of the supplier's sites.D. Payables defaults the withholding tax group from the supplier site to the invoice and then to invoice

distribution.E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to

withholding tax.



QUESTION 264Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%.Identify three statements with the correct withholding tax calculations. (Choose three.)

A. invoice amount $500, withholding tax $100 (20% of $500)B. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)C. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250)E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)



QUESTION 265Identify three statements that are true for creating the withholding tax for standard, recurring, and prepaymentinvoices. (Choose three.)

A. The Withholding Tax Report is prepared by suppliers.B. The Withholding Tax Group defaults in from the supplier or supplier site.

C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.D. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.E. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice

is associated with.



QUESTION 266Identify three statements that are true for the automatic withholding tax process. (Choose three.)

A. Withholding tax type distributions are negative amounts.B. The Withholding tax group can be assigned only to an invoice distribution.C. Using automatic withholding tax, Payables creates the correct withholding tax distributions.D. Withholding tax distributions are automatically created during invoice validation or during payment

processing.E. If an invoice with an associated withholding tax invoice is canceled, Payables automatically creates an

invoice for the tax authority supplier to offset the amount of the withholding tax invoice.



QUESTION 267Identify three statements that are true about processing automatic withholding tax invoices and payments.(Choose three.)

A. Withholding distributions for a paid invoice can be reversed.B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.C. Payables uses the supplier number as an invoice number for the tax authority's invoice.D. Withholding tax distributions are automatically created during invoice validation or payment processing.E. Payables automatically creates a withholding type distribution when a withholding tax group is entered in the

Invoices window.



QUESTION 268Which types of invoices can be automatically generated (without any manual intervention), if the appropriatesetup steps have been performed? (Choose three.)

A. Interest InvoicesB. Recurring InvoicesC. Purchase order (PO) matched invoices

D. Pay on receipt invoicesE. Withholding tax invoices



QUESTION 269ABC.com's, European operations accrue all the expenses items on receipt (perpetual accrual) without anyexceptions. Which statement is true about the period close for payables and purchasing?

A. Purchasing has to close before payablesB. Payables has to close before purchasingC. Closing of Payables automatically closes purchasingD. Payables and purchasing can close independently of each other



QUESTION 270Exhibit:

ABC.com has these due dates for its invoices:

ABC.com has defined additional Pay through Days as 5. It is running a payment batch on 02-APR-06.

Which invoices would be selected for payment?

A. 2 OnlyB. 1 OnlyC. 1 and 2D. 1 and 3E. 1,2 and 3



QUESTION 271What are the three options available for the parameter `Transfer to GL interface' when running the request`Payables Transfer to General Ledger' ? (Choose three.)

A. In DetailB. Summarize by Invoice DateC. Summarize by Payment DateD. Summarize by Accounting DateE. Summarize by Accounting Period



QUESTION 272When setting up financials and Payables options, which two options can only be defined if you have Multi-Orgenabled? (Choose two.)

A. AccountingB. Tax OptionsC. Invoice ControlsD. Payment Options



QUESTION 273ABC.com wants to create invoices for suppliers on the basis of purchase order (PO) receipts. Which threesteps should the company take in Payables? (Choose three.)

A. Enable Gapless numberingB. Enable the invoice match optionC. Enable pay on receipt at site levelD. Submit the pay on Receipt Auto Invoice Program



QUESTION 274Which four lookups can be added with additional values at the time of implementation and also afterimplementation? (Choose four.)

A. Free on Board (FOB)B. Invoice Type

C. Bank BranchD. Automatic Withholding Tax (AWT) Rate TypeE. Automatic Withholding Tax (AWT) Certificate Types

Correct Answer: ACDESection: (none)Explanation


QUESTION 275Which three programs submit their own reports, without any user intervention? (Choose three.)

A. Invoice MatchingB. Invoice CancellationC. Payment ConfirmationD. Expense Report ImportE. Invoice Validation



QUESTION 276Why would you use the clearing payment method?

A. To generate a payment document to clear a debit memoB. To generate a payment document to clear a credit memoC. To account for intercompany expenses when you disburse funds through banksD. To account for intercompany expenses when you do not disburse funds through banks



QUESTION 277You are working on an implementation for Accounts Payable. Many payments for small suppliers will be madeoutside of the system, but your client does not want to manually record them because that would be too timeconsuming. What would be the best solution?

A. Create Electronic Payment batches using a check payment method for those multiple suppliers and destroythose checks

B. Create electronic payment batches using an electronic payment method, such as Electronic Funds Transfer(EFT), for those multiple suppliers and then do not send the resulting electronic file to the bank

C. Create electronic payment batches using a clearing payment method for those multiple suppliers, becausethis payment method does not generate a file

D. Create electronic payment batches using a wire payment method for those multiple suppliers and thendelete the resulting electronic file



QUESTION 278Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choosetwo.)

A. You can Enter the Payables options information for supplier bank accountsB. The maximum Payment field controls the largest payment amount that you allow in a payment batchC. The maximum payment filed controls the largest currency outlay that you allow for a payment batch for this

bank accountD. The Minimum Payment field controls whether you would allow zero amount payments from this bank

accountE. If the bank account is a foreign currency or multiple currency account, realized gain and realized loss

accounts would be displayed by default in the Payables options window



QUESTION 279With which three modules does Oracle Payables have two-way integration? (Choose three.)

A. ProjectsB. General LedgerC. Cash ManagementD. Oracle PurchasingE. Human Resources



QUESTION 280The period-close processes of which Oracle Applications can be directly affected by the Payables period-closeactivities and processes? (Choose all that apply)

A. PurchasingB. Installed BaseC. Advanced PricingD. AssetsE. Enterprise asset Management (EAM)

Correct Answer: AD



QUESTION 281What are three prerequisites for interfacing payables invoice lines with Assets? (Choose three.)

A. There are no holds placed on the invoiceB. The invoice must be posted to General LedgerC. The option `Track as Asset' is selected in the Distributions from when entering an invoiceD. The invoice has been transferred to General LedgerE. Distribution Account is Asset Clearing or CIP Account



QUESTION 282Which three statements properly describe the use of distribution sets? (Choose three.)

A. You can assign a distribution set to an invoice when you enter itB. You can use full distribution sets to create distributions with no set percentage amountsC. You can use skeletal distribution sets to create distributions with set distributions amountD. You can use a distribution set to automatically enter distribution for an invoice when you are not matching it

to a purchase orderE. You can assign a default distribution set to a supplier site so Payables would use it for every invoice you

enter for that supplier site



QUESTION 283Which three reports can be used for identifying duplicate suppliers? (Choose three.)

A. Supplier ReportB. Supplier Audit ReportC. Supplier Merge ReportD. Supplier Listing By Supplier Name



QUESTION 284Which type of transaction uses the expenses clearing account defined in Financial Options?

A. Expense ReportsB. Credit Card TransactionsC. Miscellaneous ExpensesD. Expense-Related AP Invoices



QUESTION 285At the ABC.com site, Cash Management is installed along with Oracle Payables. The payables option forpayment accounting is set to account for a payment both on issue and clearing. The cash clearing accountsand cash accounts are different. What accounting happens when a payment is issued?

A. Debit AP Liability, Credit Cash ClearingB. Debit AP Liability, Credit CashC. Debit Cash Clearing, Credit CashD. Debit Cash, Credit Cash Clearing



QUESTION 286When you use invoice Approval workflow, which setup options in the Payables options form are related toinvoices? (Choose three.)

A. Allow Force ApprovalB. Use Invoice Approval WorkflowC. Require Validation Before ApprovalD. Allow Document Sequencing OverrideE. Build Discount Accounts when matching



QUESTION 287ABC.com uses Oracle Purchasing and Payables only. The company would like to know the Financial Optionsthat it should set up it to provide defaults. Which three options would you recommend? (Choose three.)

A. AccountingB. Tax Options

C. Human ResourcesD. Supplier PurchasingE. Encumbrance Options



QUESTION 288Which three statements are true regarding the setting up of a bank? (Choose three.)

A. Each bank can have multiple branchesB. Each branch can have multiple accountsC. Each account can be associated with multiple Payables payment documents and multiple receivables

payment methodsD. Each account can be associated with only one payables payment document and receivables payment

methodE. Each account can be associated with multiple payables payment documents OR multiple Receivables

payment methods but not both



QUESTION 289Which two statements regarding receipt accruals are true? (Choose two.)

A. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals -Period End process is run and the accrual is cleared when the journal entry is reserved in General Ledger

B. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequentlycleared when the journal entry is reserved in General Ledger

C. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals -Period-End process is run and subsequently cleared when an invoice in entered and matched to thepurchase order

D. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequentlycleared when an invoice is entered and matched to the purchase order



QUESTION 290You are working on a multi organization accounts payable implementation with several payable entities. Youclient will not set up supplier bank accounts and will use payment batch, quick payments and manual payments.Which payment methods can your client use? (Choose that all apply)

A. Clearing

B. CheckC. WireD. Electronic



QUESTION 291The bank account in the Payment Batches and Payments window defaults from _____________.

A. Supplier LevelB. Bank AccountsC. Supplier Site LevelD. Financial OptionsE. Payables Options Payments region



QUESTION 292To process a payment you must complete __________.

A. The payables accounting processB. Only the invoice validation processC. Only the create Accounting processD. Both the invoice Validation and Create Accounting processes



QUESTION 293Which three statements are true regarding voucher numbers and document sequences? (Choose three.)

A. After you create and save a sequence, you can change itB. Assigning unique voucher numbers to documents is called document sequencingC. You can select a sequence of numbers that you would assign to a document categoryD. Document sequencing for all the documents you use in all your Oracle applications comes automatically set

up with your installation



QUESTION 294Which three events would cause accounting to be generated when the payables accounting process is run?(Choose three.)

A. Paying an invoiceB. Validating an invoiceC. Entering an purchase orderD. Clearing a payment with Cash ManagementE. Delivering goods to a final destination when accruing receipts at period end



QUESTION 295From which three areas do the defaults come when you enter a supplier? (Choose three.)

A. ItemsB. Operating UnitC. Financial OptionsD. Payables OptionsE. Receiving Options



QUESTION 296The transaction Sweep Report generated as part of the payables close process shows some payments. Whatare the possible reasons? (Choose all that apply.)

A. The payments were voidedB. The checks associated with the payments were not printedC. One or more of the invoices paid by the payments were not accountsD. The cash account code combination of the payments has been disabledE. The suppliers for which the payments have been made have deactivated



QUESTION 297ABC.com wants to provide transparency in its Accounts Payable (AP) operations to its counterparts within the

purchasing, Fixed Assets and General Ledger departments. Several complaints have surfaced regardingissues with IP process times and help up payments. The AP department must strictly adhere to accountingregulations about segregating job functions while trying to meet this requirement. Which task should beperformed to make this possible?

A. Give access to all AIP forms and reportsB. Give AP inquiry-only access, only though Oracle responsibilitiesC. Implement a Web-based version of Oracle AP that allows Web viewing of AP informationD. Create custom inquiry forms for them to view invoices and payments but not supplier informationE. Change the profile options to allow unrestricted viewing of the AP data in PO and GL so that the staff from

these other areas do not have to log in to AP



QUESTION 298The purpose of the Unrealized Gain / Loss Report is to review unrealized gains and losses on _____________.

A. All invoicesB. Foreign currency invoicesC. All invoices due to inflation effectsD. All invoices due to inflation effectsE. All invoices due to changes in the AP setup



QUESTION 299ABC.com has closed its APR-XX Accounting period. The APR-XX period started on 27- MAR-20-20XX andended on 26-APR-20XX. It has run the posted invoice register, the posted payments register and two accountspayable trail balance reports (as of 30-MAR- 20XX and 30-APR-20XX). Unfortunately, the accounts do notbalance. Which two actions should be taken? (Choose two.)

A. Check to make sure that all invoices for the period are paidB. Check the dates on the accounts payable Trail Balance reportsC. Check to ensure that invoice and payment journals are posted in General LedgerD. Check to make sure that there are no unaccounted transactions in APR-XX by using the Unaccounted

Transactions report



QUESTION 300Exhibit:

ABC.com has the following requirements:

1. Asset invoices are entered in AP daily, but assets are transferred to Oracle Assets only once a week2. Payables Journal entries have to be transferred to GL at least once a month for reporting purposes3. Oracle Projects balances have to be updated once every month4. Payment batches need to be processed daily

Based on the above what would be the minimum recommended frequency of running the Transfer to GLprogram?

A. DailyB. WeeklyC. MonthlyD. Once very two weeks



QUESTION 301Which two methods would you recommend for preventing the creation of duplicate suppliers? (Choose two.)

A. Run the Vendor Audit ReportB. Recommend standard naming conventions for suppliersC. Run the supplier listing by supplier name report to check the duplicatesD. Query the supplier in the supplier form before creating a new supplier



QUESTION 302Multiple Reporting Currencies (MRC) has been enabled for your client Company A. Which method would yourecommended to your client for transferring accounting entries to GL using the payables transfer to GLprocess?

A. Transfer to GL with journal import for the primary set of Books. Repeat the process for each Reporting setof books individually

B. Transfer to GL with Journal import for the primary set of books and all associated Reporting sets of bookstogether

C. Transfer to GL without journal import for the primary set of books. Submit journal import for the primary setof books. Repeat these steps for each reporting set of books

D. Transfer to GL without journal import for the primary set of books and all associated reporting sets of bookstogether. Submit Journal import from GL for the primary set of books and all associated reporting books

together



QUESTION 303At ABC.com's site, under payables options, the transfer to GL option has been set to summarize by accountingperiod. The period end close processes for accounts parable have run and the payables journals (Purchaseinvoices and payments) have been created and posted in General Ledger. Which statement is true?

A. Drilling down from the journals of purchase invoices and payments categories in GL to payables is possibleB. Drilling down from the journals of the payment category in GL to payables is possible, but drilling down from

journals of the purchase invoices category in GL to payables is not possibleC. Drilling down from the journals of the purchase invoices category in GL is possible but drilling down from

journals of the payments category in GL to payables is not possibleD. Drilling down from GL to payables is not possible



QUESTION 304One of your clients makes this statement during an AP meeting: Prepayments can be applied to ExpenseReport. What is your response?

A. Yes, if you make a schedule prepaymentB. Yes, but only if you set the correct profile option to do soC. No, because prepayments can only be applied against invoicesD. Yes, you can prepay both invoices and expense reportsE. No, because prepayments can only be applied against invoices that ser set up to handle prepayments



QUESTION 305In the accrual process for Period End Accruals, which two events generate accounting entries that can betransferred to General Ledger? (Choose two.)

A. Processing a receiptB. Entering Purchase OrderC. Entering invoices and matching them in payablesD. Running in Period End Accrual Program

Correct Answer: CD


Explanation/Reference:.

QUESTION 306Which three methods can be used to enter invoice distributions? (Choose three.)

A. Using a distribution setB. Matching an invoice to a receiptC. Entering manually in the Distribution windowD. Using the Distribution Open interface


