NEW QUESTION NO: 6
Identify three scenarios where you are not allowed to cancel an invoice.
A. The invoice is validated.
B. An accounting entry has been created for the invoice.
C. The invoice was adjusted by a credit or a debit memo.
D. Prepayments were applied to the invoice.
E. The invoice is fully or partially paid.
Answer: C,D,E

NEW QUESTION NO: 7
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: 8
You want to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this.
A. Customize the Subledger Accounting rules to allocate costs.
B. Define a distribution set and assign it manually to the invoice.
C. Define a distribution set and assign it to the supplier.
D. Enter the invoice in Payables and then use general ledger's Calculation Manager to allocate the costs.
Answer: A,B

NEW QUESTION NO: 9
You entered an invoice of 12,000 and paid it for Office Supplies. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
A. Cancel the invoice, which debits the liability and credits the expense.
B. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
C. Issue a credit memo, which will debit the liability and credit the expense.
D. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
Answer: B

NEW QUESTION NO: 10
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 discount dates are before the Pay Through Date.
C. The installment is selected and no discount is applied.
D. The installment is selected and a discount of $150 USD is applied.
E. The installment is not selected because the due date is after the Pay Through Date.
Answer: C

NEW QUESTION NO: 11
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. Enter a value in the Invoice Group field to group similar invoices into a batch.
B. Make sure the Invoice Number is the same.
C. Make sure all the invoice dates are the same.
D. Assign the same Invoice Header Identifier to multiple invoices you want to group.
E. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
Answer: D

NEW QUESTION NO: 12
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?
A. The employee can manually release the hold.
B. The employee's supervisor can manually release the hold.
C. Payables Manager can release payment holds in Payables.
D. The expense auditor can manually release the payment hold at his discretion.
E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
Answer: D,E
Explanation/Reference:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

NEW QUESTION NO: 13
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: 14
Which two setups are required to ensure the same tax is applied on both intercompany payable and receivable invoice?
A. First enter Payable transaction to calculate tax and then for Receivable Transaction.
B. Tax for inter-company is to be loaded using Create Taxable Transactions in Spreadsheet.
C. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
D. Payable options are receivable system options should have same tax application options.
E. You should check if any specific rules defined should cover both Sales_transactionand purchase_transactionbusiness category.
Answer: A,C

NEW QUESTION NO: 15
You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?
A. InvoiceApproversParallelParticipantInParallelMode
B. InvoiceApproversFYIParticipantInParallelMode
C. InvoiceApproversSingleParticipantInParallelMode
D. InvoiceApprovers
Answer: D

NEW QUESTION NO: 16
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