You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
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.
How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
B. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
C. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
D. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
E. System will use absolute amount tolerance setup to do validations.
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 that the one used by your company.
How do you handle this situation?
A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.
B. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
Which is the Payables tool based on real-time data?
A. Essbase Cube
B. Smart View
C. Oracle Transactional Business Intelligence (OTBI)
D. Oracle Business Intelligence Applications (OBIA)
E. Oracle Financial Reporting (FR)
What is the result of voiding a payment?
A. A stop payment request has been initiated to the bank.
B. A bills payable payment was created but is not yet matured.
C. The payment is reconciled to the bank statement.
D. The payment is no longer valid.
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
A. Customers cannot use invoice imaging in the Cloud.
B. Customers scan and store the invoice images on-premise and attach them during invoice entry.
C. Customers ask their suppliers to scan and email the invoice.
D. Customers ask suppliers to send electronic invoices.
E. Customers scan the invoice on-premise and email the images.
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
A. Do not assign bank accounts to business units.
B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
C. Business units must be granted access to the bank account.
D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
E. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment. (Choose two.)
A. A payment that pays a prepayment that has been applied to an invoice.
B. A payment that has already cleared the bank.
C. A payment that has been accounted and posted to General Ledger.
D. A payment with the status of Issued.
E. A payment for an invoice with an associated Withholding Tax invoice.
A Payment Process Request was submitted and errors were found in the payment file. The payment file
and process were terminated.
Which two statements are true? (Choose two.)
A. The invoices are placed on payment hold.
B. The status of each payment in the payment file is Terminated.
C. The status of the payment file is Terminated.
D. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
E. The status of the payment file is Cancelled.
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
A. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
B. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
D. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
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