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NEW QUESTION NO: 10

An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.
A. The installment was manually removed.
B. The invoice has not been accounted.
C. The pay-through date is in a future period.
D. The pay-through date is in a closed Payables period.
E. The invoices need revalidation.
Answer: A,E
Explanation/Reference:
Reference https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

NEW QUESTION NO: 11
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 not selected because the due date is after the Pay Through Date.
B. The installment is selected and a discount of $150 USD is applied.
C. The installment is selected and a discount of $50 USD is applied.
D. The installment is not selected because the discount dates are before the Pay Through Date.
E. The installment is selected and no discount is applied.
Answer: E

NEW QUESTION NO: 12
How will system evaluate the tolerances for expense reports?
A. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency precision.
B. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).
C. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error Tolerance/100).
D. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency precision.
E. System will use absolute amount tolerance setup to do validations.
Answer: C

NEW QUESTION NO: 13
Which two statements are true about the Invoice Validation process?
A. updates supplier balances
B. creates tax lines and distributions
C. validates project information
D. creates accounting entries in draft
E. creates withholding tax invoices, if withholding tax is enabled to create withholding tax at payment, so that you can make payment on this invoice
Answer: A,C

NEW QUESTION NO: 14
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?
A. Insert the syntax <?if:'COMPANY A'?>before the Supplier field and then enter the closing tag </<?
if:COMPANY A?>after the invoices table.
B. Insert the syntax <?if:VENDOR_NAME='COMPANY A'?> before the Supplier field on the template.
Then, enter the <?end if?>tag after the invoices table.
C. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
D. Insert the syntax <?if:condition?>before the Supplier field and then enter the closing tag </<?
if:condition?>.
Answer: B
Explanation/Reference:
Reference: http://pradiptaoracleapps.blogspot.com/2016/03/xml-publisher-report-bi-publisher.html

NEW QUESTION NO: 15
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: 16
An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts:
the first discount date is December 5, 2015 for $150 USD and the second discount date is December 20,
2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria;
- Payment Date = December 5, 2015
- Pay Through Date = December 25, 2015
- Date Basis = Pay Date
- Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
A. The installment is not selected because the first discount date is before the Pay Through Date.
B. The installment is selected but no discount is applied because the payment date is after the discount dates.
C. The installment is selected and a discount of $50 USD (the second discount) is applied.
D. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
E. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
Answer: E

NEW QUESTION NO: 17
You have a high volume of invoices to enter that have similar lines and do not require extensive validation.
What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
A. Make sure all the invoice dates are the same.
B. Make sure the Invoice Number is the same.
C. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
D. Enter a value in the Invoice Group field to group similar invoices into a batch.
E. Assign the same Invoice Header Identifier to multiple invoices you want to group.
Answer: E

NEW QUESTION NO: 18
Which method can you use to route payment approval rules?
A. Sequential
B. Approval Groups
C. Serial and FYI (For Your Information)
D. Both Parallel and Sequential
E. Parallel
Answer: B

NEW QUESTION NO: 19
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: 20
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
A. Run the create accounting program.
B. Run the invoice validation program.
C. Remove the documents or payments causing the error and resume the payment process.
D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
E. Terminate the payment process request.
Answer: D,E
Explanation/Reference:

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

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