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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: New Features & Enhancements (Release 24A - 25A) | 40% | - Payables New Functionality
|
| Topic 2: Configuration & Setup Updates | 30% | - Payables Configuration Changes
|
| Topic 3: Integration & Reporting Enhancements | 20% | - Integration Updates
|
| Topic 4: Security & Compliance Updates | 10% | - Data security and access control changes
|
1. Which of the following activities is performed during the Close process in Oracle Financials Cloud Payables?
A) Entering and approving new invoices
B) Creating new suppliers and updating supplier information
C) Reconciling payment transactions and bank statements
D) Initiating payment processing for outstanding invoices
2. Which of the following is a benefit of performing bank reconciliations in Oracle Financials Cloud Payables?
A) Comparing the accounts receivable balances with the bank's records.
B) Verifying the accounts payable balances with the bank's records.
C) Ensuring the accuracy of financial transactions recorded in the general ledger.
D) Identifying any discrepancies between payments made and bank transactions.
3. Which of the following best describes the purpose of the Payables to Ledger Reconciliation Report?
A) To reconcile the data between Payables and Cash Management modules.
B) To reconcile the data between Payables and General (GL) modules.
C) To reconcile the data between Payables and Receivables modules-
D) To reconcile the data between Payables and Inventory modules.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B |
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