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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:
1. While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?
A) Only cash transactions use those settings.
B) You did not define conversion rates in the General Ledger Cloud.
C) You did not specify a default expense template.
D) You did not define conversion rates for your business unit.
2. What is the result of voiding a payment?
A) A bills payable payment was created but is not yet matured.
B) The payment is no longer valid.
C) A stop payment request has been initiated to the bank.
D) The payment is reconciled to the bank statement.
3. You need to enter a high volume of users into the system. What is Oracle's recommendation to do this?
A) Use the Enter a Supplier user interface and enter each user manually.
B) Use the Hire an Employee user interface and enter each user manually.
C) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Cloud Applications.
D) use the spreadsheet of Oracle Identity Manager (OIM) to import users.
4. You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
A) The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
B) The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
C) The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
D) The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
5. 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 and Self-Service Service Provider Model
C) Business Unit Security
D) a Dedicated Service Provider model
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |

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