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?
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. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
Which reporting tool is used to report on real-time data?
Essbase Cube Smart View Oracle Business Intelligence Publisher Oracle Financial Reporting Studio Oracle Transactional Business Intelligence (OTBI).
A company has a requirement to default the disbursement bank account when submitting a Payment Process
Request.
Which actions will accomplish this? (Choose two.)
Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account. Define the Disbursement Bank Account to the Payment Method in payment default rules. Define the Disbursement Bank Account to every supplier. Create a Payment Process Request template that includes the Disbursement Bank Account. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
Which method can you use to route payment approval rules?
Approval Groups Sequential Both Parallel and Sequential Parallel Serial and FYI (For Your Information).
Which three are valid reasons why you cannot close your Payables period? (Choose three.)
Bills payable requiring maturity Unaccounted invoices and payments Suppliers on payment holds Unapplied prepayments Incomplete payment files.
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
Payable's Automatic Offset Intercompany Balancing Subledger Accounting's Account Rules Suspense Accounts Payables' Allow Reconciliation Accounting.
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018
Date Basis = Due Date
What will be the resulting status of the installment and discount?
The installment is not selected because the discount dates are before the Pay Through Date. The installment is selected and no discount is applied. The installment is not selected because the due date is after the Pay Through Date. The installment is selected and a discount of $50 USD is applied. The installment is selected and a discount of $150 USD is applied.
How will system evaluate the tolerances for expense reports?
System will calculate error tolerance as (Policy Rate *(1+Error Tolerance/100))) currency precision. System will calculate warning tolerance as Policy Rate* (1+Warning Tolerance/100)*currency precision. System will calculate error tolerance as Policy Rate* (1+Warning Tolerance+ Error Tolerance/100). System will calculate warning tolerance as Policy Rate *(1+Warning Tolerance/100). System will use absolute amount tolerance setup to do validations.
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
What is the recommendation when setting up Reconciliation Rule Sets?
One to One rules should be sequenced below rules of other types. Many to Many rules should always be used last in the sequence. One to One rules should be sequenced above rules of other types. Many to Many rules should always be used first in the sequence.
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?
Manage Invoice Options and Manage common options for Payables and Procurement Manage Payable Options and Manage Invoice Options Manage Invoice Options and Manage Procurement agents Manage common options for Payables and Procurement and Manage Procurement agents Manage Payment Options and Manage common options for Payables and Procurement.
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)
The pay-through date is in a closed Payables period.
The invoice has not been accounted. The invoice requires approval. The pay-through date is in a future period. The invoice needs re-validation.
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.
You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are possible reasons for this? (Choose two.)
The payment supplier site is different to the supplier site on the invoice. The invoice is not yet due. The invoice is not validated. The payment method for the invoice is Electronic. The invoice is not accounted.
What are the output formats supported for Electronic and Check format programs?
Electronic output format of XML, Check output format of rtf Electronic output format of eText, Check output format of rtf Electronic output format of Text, Check output format of Text Electronic output format of DATA (csv), Check output format of Zipped PDFs Electronic output format of PDF, Check output format of PDF.
You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?
three procurement business units one business unit per supplier five sold-to business units four requisition business units twelve business units per supplier.
Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
RTF JPEG TIFF XLS PNG.
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.)
The invoices are placed on payment hold. The status of each payment in the payment file is Terminated. The status of the payment file is Terminated. The status of each payment in the payment file is Cancelled and the related documents are available for future selection. The status of the payment file is Cancelled.
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
Customers cannot use invoice imaging in the Cloud. Customers scan and store the invoice images on-premise and attach them during invoice entry. Customers ask their suppliers to scan and email the invoice. Customers ask suppliers to send electronic invoices. Customers scan the invoice on-premise and email the images.
You need to create a recurring expense for one of your regular expenses.
Which three are frequencies that you can choose for these types of expenses? (Choose three.)
Weekly Monthly Bimonthly Biweekly Annually.
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?
The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
You have created an approval rule as follows:
Rule 1: If the invoice amount> $1000, route it to User 1.
Rule 2: If the invoice amount <$1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?
Invoice will not be processed. The system will issue an error message after the approval has been initiated. Invoice will be sent to User 1 for approval. Invoice will be auto-approved.
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? (Choose two.)
Users can maintain scanned receipts in a central repository and provide a reference number in the expense report. Receipts are not required if the expense item falls within Per Diem Rates. Expenses do not create payment requests for expense reports that have missing or overdue receipts. An expense report may require original, imaged, or both types of receipts.
Which two invoice types can have a status of Incomplete? (Choose two.)
Supplier Portal Invoices which are rejected and resubmitted for approval Scanned Invoices with incomplete or missing information Supplier Portal Invoices which are saved but not yet submitted Scanned Invoices which are rejected during import Prepayment Invoices which are fully paid but not applied against any invoice.
What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?
Location assigned to the Supplier Party Site for the transactions Location assigned to the Legal Entity for the transactions Location assigned to the Legal Entity Reporting Unit for the transactions Location assigned to the Business Unit for the transactions.
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
Balancing Segment Value Legal Entity Ledger Set Business Unit Supplier Natural Account.
You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display. What is the reason for this?
he reconciliation flag has not been enabled for your liability accounts. You did not select the business units associated to the UK Ledger. You did not specify the range of liability accounts to include in the extract. T The financial category of Accounts Payable is not assigned to the liability accounts.
A company is centralizing their payment processing using the service provider model. Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?
Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.
You have enabled Payment Approval for your payment process requests (PPR). At what stage of the PPR is the payment approval process automatically triggered?
Review Proposed Payments Build Payments Create Payment Files Review Installments.
Your client wants the subledger journal entry description to be transferred to general ledger. Which two could be used to enable this? (Choose two.)
Set the General Ledger Journal Entry Summarization option to Summanize by general ledger period Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date Set the General Ledger Journal Entry Summarization option to Group by general ledger date Set the General Ledger Journal Entry Summarnization option to Group by general ledger period.
Which two tools can you use to build layouts for BI Publisher reports? (Choose two.)
Layout Editor Template Builder for Word BI Composer BI Answers Report Developer.
Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule. What is the reason for this?
An expenses template and type rule has not been setup The audit selection rule has not been assigned to the legal entit Auditing has not been enabled in the system options page The audit selection rule has not been assigned to the business unit The audit selection rule has not been assigned in the system options page.
During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user. Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action? (Choose two.)
The approved part of the expense report is eligible for expense reimbursement. New expense report containing disallowed expense items Is immediately created. New expense report containing disallowed expense items is not created until manager approves the short payment. Approved part of the expense report is not eligible for expense reimbursement.
Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670. Which Subledger Accounting option would you use to achieve this?
Supporting References Event Class Settings Description Rule Mapping Set Transaction References.
In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which format?
.pdf (Acrobat reader file) .xif (XLIFF file) .xls (Excel file) .doc (Word file).
You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements. Which three rule sets are part of the predefined setup? (Choose three.)
Approval by Cost Centre owners in parallel or serial mode Approval by Project Manages in parallel or serial mode Approval by supervisor based on report amount Approval by a Group based on report amount in parallel or serial mode Approval by supervisor based on expenses type amount.
Which two are true for Payables Payment Terms? (Choose two.)
When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set. Each payment term can only be assigned to one reference data set. You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.
A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved. Where does this Withholding Tax Classification Code default from?
From the Site Assignments of the Supplier Site From the Party Tax Profile of the Third Party Site From the Income Tax region of the Supplier From the Manage Tax Reporting and Withholding Tax Options.
You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the fcxwing expenses.
Payment Method Amount
Cash 500 USD
Corporate Card Business Expenses 650 USD
Corporate Card Personal Expenses 299 USD
Corporate Card Transactions from Corporate Card Issuer 949 USD
What is the resulting payment amount made to the employee for these expenses?
1449 201 949 500.
You need to have your 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. Which two are valid methods to achieve this? (Choose two.)
Define a distribution set and assign it manually to the invoice. Define a distribution set and assign it to the supplier. Define a payment term and assign it to the invoice. Choose the 'All Lines' option from the Allocate menu in the invoice line area.
In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
The original Source The Data Model The Style-Template The Output types The layout-template.
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