AP Questions with answer choices Graded A+
1.Your client company has two business units and requires the Payables
Specialist to process invoice transactions for both business units. What setup is
required to achieve this?
A. a Self-Service Service Provider Model
B. a Dedicated Service Provider model
C. Business Unit Security
D. a Dedicated and Self-Service Service Provider Model: C.
2.The expense auditor has chosen to Request More Information for an ex-
pense report. Select two ways the system processes this action. (Choose two.)
A. The expense report status remains Pending Payables Approval.
B. The expense report is routed back to the approvers.
C. The audit can be completed before the requested information is received from
the employee
D. The employee must resubmit the expense report.: A. C.
3.When submitting the Payables to General Ledger Reconciliation report, the
extract did not select any data. What should you check?
A. Make sure you assign an Account parameter when running the extract to
include liability accounts.
B. Make sure you specified a Business Unit in the parameters when running the
extract.
C. Make sure you enabled the Reconciliation flag to all of your liability natural
,account values.
D. Make sure you assigned a Financial Category of Accounts Payable to all
your liability natural account values.: D.
4.Which three are subject area subfolders that report Payables reconciliation
differences to General Ledger? (Choose three.)
A. Reconciliation Payment Details
B. Reconciliation Prepayment Application Details
C. Reconciliation Invoice Details
D. Reconciliation Invoice Hold Details
E. Reconciliation Invoice Request Details: A.
B.
C.
5.What is the recommendation when setting up Reconciliation Rule Sets?
A. One to One rules should be sequenced below rules of other types.
B. Many to Many rules should always be used last in the sequence.
C. One to One rules should be sequenced above rules of other types.
D. Many to Many rules should always be used first in the sequence.: C.
6.Which is the Payables tool based on real-time data?
A. Essbase Cube
B. Oracle Transactional Business Intelligence (OTBI)
C. Oracle Business Intelligence Applications (OBIA)
D. Oracle Financial Reporting (FR): B.
7.An installment for $1,000 USD is due for payment on January 10, 2019. The
,installment has two discounts: the first discount date is December 5, 2018 for
$150 USD and the second discount date is December 20, 2018 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, 2018 Pay Throug
Date = December 25, 2018 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 selected and a discount of $50 USD (the second discount) is
applied.
B. The installment is selected and a discount of $200 USD ($150 + $50) is
applied.
C. The installment is selected and a discount of $150 USD is applied because the
Always Take Discount option was enabled.
D.The installment is selected but no discount is applied because the payment
date is after the discount dates.
E. The installment is not selected because the first discount date is before the Pay
Through Date.: C.
8.You have an invoice for $200 USD and a credit memo for $225 USD. In other
words, the credit amount exceeds the invoice amount. If you enable the option to
apply credits up to zero amount payment, then how will the invoice and credit
memo be paid?
A. Neither the invoice nor the credit memo are included in the payment process
request because the credit reduces the payment amount below zero.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is
created.
, C. Both the invoice and credit memo are included in the payment process
request for a payment amount of $0 USD. The credit memo is partially paid with
a remaining credit of $25 USD.
D. Both the invoice and the credit memo are selected and the Payment Process
Request requires attention.: C.
9.You have modified your tax setup and want to test the changes on actual
Payables transactions. How do you validate before enabling for transaction?
A. by creating accounting in draft mode
B. by changing the tax status to test and then entering a payables invoice
C. by creating a payable invoice, and by validating and reviewing the tax
application
D. Oracle Transactional Business Intelligence (OTBI)
E. by using Tax Simulator to test: E.
10.How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as (|Policy Rate * (1+Error Toler-
ance/100)|) currency precision.
B. System will calculate warning tolerance as Policy Rate * (1+Warning Toler-
ance/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 Toler-
ance/100).
E. System will use absolute amount tolerance setup to do validations.: D.
11.When reviewing installments, what setup is required to override the sup- plier
1.Your client company has two business units and requires the Payables
Specialist to process invoice transactions for both business units. What setup is
required to achieve this?
A. a Self-Service Service Provider Model
B. a Dedicated Service Provider model
C. Business Unit Security
D. a Dedicated and Self-Service Service Provider Model: C.
2.The expense auditor has chosen to Request More Information for an ex-
pense report. Select two ways the system processes this action. (Choose two.)
A. The expense report status remains Pending Payables Approval.
B. The expense report is routed back to the approvers.
C. The audit can be completed before the requested information is received from
the employee
D. The employee must resubmit the expense report.: A. C.
3.When submitting the Payables to General Ledger Reconciliation report, the
extract did not select any data. What should you check?
A. Make sure you assign an Account parameter when running the extract to
include liability accounts.
B. Make sure you specified a Business Unit in the parameters when running the
extract.
C. Make sure you enabled the Reconciliation flag to all of your liability natural
,account values.
D. Make sure you assigned a Financial Category of Accounts Payable to all
your liability natural account values.: D.
4.Which three are subject area subfolders that report Payables reconciliation
differences to General Ledger? (Choose three.)
A. Reconciliation Payment Details
B. Reconciliation Prepayment Application Details
C. Reconciliation Invoice Details
D. Reconciliation Invoice Hold Details
E. Reconciliation Invoice Request Details: A.
B.
C.
5.What is the recommendation when setting up Reconciliation Rule Sets?
A. One to One rules should be sequenced below rules of other types.
B. Many to Many rules should always be used last in the sequence.
C. One to One rules should be sequenced above rules of other types.
D. Many to Many rules should always be used first in the sequence.: C.
6.Which is the Payables tool based on real-time data?
A. Essbase Cube
B. Oracle Transactional Business Intelligence (OTBI)
C. Oracle Business Intelligence Applications (OBIA)
D. Oracle Financial Reporting (FR): B.
7.An installment for $1,000 USD is due for payment on January 10, 2019. The
,installment has two discounts: the first discount date is December 5, 2018 for
$150 USD and the second discount date is December 20, 2018 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, 2018 Pay Throug
Date = December 25, 2018 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 selected and a discount of $50 USD (the second discount) is
applied.
B. The installment is selected and a discount of $200 USD ($150 + $50) is
applied.
C. The installment is selected and a discount of $150 USD is applied because the
Always Take Discount option was enabled.
D.The installment is selected but no discount is applied because the payment
date is after the discount dates.
E. The installment is not selected because the first discount date is before the Pay
Through Date.: C.
8.You have an invoice for $200 USD and a credit memo for $225 USD. In other
words, the credit amount exceeds the invoice amount. If you enable the option to
apply credits up to zero amount payment, then how will the invoice and credit
memo be paid?
A. Neither the invoice nor the credit memo are included in the payment process
request because the credit reduces the payment amount below zero.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is
created.
, C. Both the invoice and credit memo are included in the payment process
request for a payment amount of $0 USD. The credit memo is partially paid with
a remaining credit of $25 USD.
D. Both the invoice and the credit memo are selected and the Payment Process
Request requires attention.: C.
9.You have modified your tax setup and want to test the changes on actual
Payables transactions. How do you validate before enabling for transaction?
A. by creating accounting in draft mode
B. by changing the tax status to test and then entering a payables invoice
C. by creating a payable invoice, and by validating and reviewing the tax
application
D. Oracle Transactional Business Intelligence (OTBI)
E. by using Tax Simulator to test: E.
10.How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as (|Policy Rate * (1+Error Toler-
ance/100)|) currency precision.
B. System will calculate warning tolerance as Policy Rate * (1+Warning Toler-
ance/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 Toler-
ance/100).
E. System will use absolute amount tolerance setup to do validations.: D.
11.When reviewing installments, what setup is required to override the sup- plier
