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NEW QUESTION NO: 10

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?
A. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
C. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
D. Enter and post a manual journal entry directly into the general ledger.
Answer: A

NEW QUESTION NO: 11
You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?
A. Validate the invoice in Payables.
B. Transfer the data to General Ledger.
C. Create a payment process request in Payments.
D. Create Accounting for the invoice in Payables.
Answer: C

NEW QUESTION NO: 12
An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
- Payment Date = June 20, 2016
- Pay Through Date = July 30, 2016
- Date Basis = Due Date
What will be the resulting status of the installment and discount?
A. The installment is selected and a discount of $50 USD is applied.
B. The installment is not selected because the due date is after the Pay Through Date.
C. The installment is selected and no discount is applied.
D. The installment is not selected because the discount dates are before the Pay Through Date.
E. The installment is selected and a discount of $150 USD is applied.
Answer: C

NEW QUESTION NO: 13
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa than the one used by your company.
How do you handle this situation?
A. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
B. Use the corporate-defines conversion rate even if it means you will not be reimbursed fully.
C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
D. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversation rate settings and you do not violate the allowable limit.
Answer: D

NEW QUESTION NO: 14
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.
A. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
B. Business units must be granted access to the bank account.
C. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-to-bank reconciliation.
D. Allow bank accounts to be accessed by all roles and users because the default valued to secure a bank account by users and roles is No.
E. Do not assign bank accounts to business units.
Answer: A,B
Explanation/Reference:
Reference http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20375/F569961AN5B6A3.htm

NEW QUESTION NO: 15
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?
A. Invoices Workarea only
B. Payables Dashboard and Invoices Workarea
C. Payables Dashboard only
D. Manage Invoices page
E. C-Level executives
Answer: A
Explanation/Reference:
Reference https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007C.htm

NEW QUESTION NO: 16
You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?
A. Manually enter the 1099s for the State and submit.
B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
C. Run and submit your 1099s because it will automatically reflect any changes.
D. Generate a 1096 form and submit it instead.
Answer: B

NEW QUESTION NO: 17
Which three types of payments can you make if you have access to Disbursement Process Management Duty?
A. Supplier payments
B. Ad hoc payments
C. Employee advances
D. Customer refunds
E. Reimbursement of employee expense reports
Answer: A,D,E
Explanation/Reference:
Reference https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D6BD.htm

NEW QUESTION NO: 18
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data.
What should you check?
A. Make sure you assign an Account parameter when running the extract to include liability account.
B. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
D. Make sure you specified a Business Unit in the parameters when running the extract.
Answer: A

NEW QUESTION NO: 19
You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?
A. Assign the Expense Auditor job roles to each auditor.
B. Assign the Expense Auditor as the owner of each business unit.
C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
D. Use segment value security rules to secure access to business units.
Answer: C
Explanation/Reference:
Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

NEW QUESTION NO: 20
Which three attributes are captured during the scanning of invoice images?
A. Terms Date
B. Invoice Date
C. Invoice Number
D. PO Number
E. Payment Method
Answer: B,C,D

NEW QUESTION NO: 21
Which statement is true about selecting a bank account on the Create Payment page?
A. Users can pick any bank account as long as the bank account is tied to the business unit.
B. There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
C. Bank account must match the supplier's bank account.
D. LE on the bank account should be different from the LE on the invoice.
E. LE on the bank account should be equal to LE on the invoice.
Answer: E

NEW QUESTION NO: 22
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?
A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
B. An expense report may require original, imaged, or both types or receipts.
C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
D. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: B,C
Explanation/Reference:
Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/
F1005004AN1204B.htm#F688791AN12A7A

NEW QUESTION NO: 23
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
Answer: B,C
Explanation/Reference:
Reference https://fusionhelp.oracle.com/helpPortal/topic/
TopicId_P_A87306EB5A7752DFE040D30A68817FB2

NEW QUESTION NO: 24
You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?
A. allow you to assign multiple business units to users in a shared service center
B. allow you to secure data by business unit
C. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
D. allow you to maintain sets of related data in a Data Dictionary
Answer: C

NEW QUESTION NO: 25
Which method can you use to route payment approval rules?
A. Both Parallel and Sequential
B. Approval Groups
C. Serial and FYI (For Your Information)
D. Parallel
E. Sequential

Answer: B

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