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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. A company needs to implement corporate cards with Company Pay or Both Pay Payments liability.
Select three correct statements regarding corporate card implementation.

A) Setting up of expense clearing account is required only for Company Pay and Both Pay payment liability.
B) Specific expense clearing account can be set up per card program.
C) One clearing account can be set up for all card programs.
D) Payables uses the clearing account to record only the debits.

2. Identify three duty roles that are granted to both the Accounts Payable Supervisor and the Accounts Payable Manager.

A) Accounts Payable Period Status Review Duty
B) Business Intelligence Authoring Duty
C) Accounts Payable Period Status Management Duty
D) Payables Balance Analysis Duty
E) Disbursement Process Management Duty
F) Payables Business Intelligence Management Duty

3. The Accounts Payable Manager voided a Payment Request issued for a foreign currency invoice due to insufficient funds.
Which three statements are correct?

A) Accounting and payment records for the invoices that were paid automatically are reversed.
B) The process places the invoice on hold automatically.
C) All related interest invoices are reversed if already created.
D) All related withholding tax invoices are automatically reversed.
E) Any realized gain or loss on foreign currency invoices is recorded as paid by the payment when reversed.

4. Which are three key features of Expense Report Entry?

A) consolidated Information-Driven Work Area
B) association of receipt image for expedited processing
C) contextual search and expense tracking for easy retrieval
D) approval of expense reports through Oracle Fusion Approvals Management
E) scheduled processes to create card issuer and employee payment requests

5. What is the required parameter for the Payables to General Ledger Reconciliation Report?

A) Business Unit
B) Financial Period
C) Natural Segment Value
D) Balancing Segment Value
E) Ledger

Solutions: