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NEW QUESTION # 10
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.)
- A. The invoice requires approval.
- B. The pay-through date is in a closed Payables period.
- C. The pay-through date is in a future period.
- D. The invoice has not been accounted.
- E. The invoice needs re-validation.
Answer: A,E
NEW QUESTION # 11
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
- A. Modify your template to hard code the value "Domestic" for the pay group position.
- B. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.
- C. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
- D. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable.
Answer: C
Explanation:
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
NEW QUESTION # 12
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. Oracle Transactional Business Intelligence (OTBI)
- B. by creating a payable invoice, and by validating and reviewing the tax application
- C. by creating accounting in draft mode
- D. by using Tax Simulator to test
- E. by changing the tax status to test and then entering a payables invoice
Answer: D
Explanation:
Run taxes from all applicable tax regimes against a sample transaction to verify that your tax configuration and tax rules were created and applied according to yourrequirements. You can either create a sample transaction within Tax Simulator or copy an existing transaction. The simulated tax calculations do not affect live data.
Note:The Tax Simulator is a tool for simulating the tax determination process in your tax setup. The Tax Simulator lets you preview the workings of your tax configuration before you perform tax calculations on live transactions in a subledger application. TheTax Simulator also allows you to test new tax configuration in conjunction with existing tax configuration to preview the resulting tax calculation. The Tax Simulator is a useful tool to identify the root cause when tax calculation is not what is expectedon live data.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006654AN226D8.htm
NEW QUESTION # 13
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?
- A. twelve business units per supplier
- B. three procurement business units
- C. one business unit per supplier
- D. five sold-to business units
- E. four requisition business units
Answer: B
Explanation:
A supplier is modeled as a global entity, meaning it is not created within a business unit or any other organizational context. A procurement business unit establishes a relationship with asupplier through the creation of a site which maintains internal controls for how procure to pay transactions are executed with the supplier. The other entities of the supplier profile capture mostly external information that is provided by the supplier, such as taxidentifiers, addresses, contact information, and so on.
References:https://docs.oracle.com/cd/E51367_01/procurementop_gs/OAPRC/F1007476AN106E5.htm
NEW QUESTION # 14
Which method can you use to route payment approval rules?
- A. Parallel
- B. Both Parallel and Sequential
- C. Approval Groups
- D. Sequential
- E. Serial and FYI (For Your Information)
Answer: D
NEW QUESTION # 15
You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
How can you achieve this?
- A. Choose Match to Receipt.
- B. Choose to Match to Invoice Lines.
- C. Choose to Match in full to the Purchase Order.
- D. Choose to Match to Receipt Charges.
- E. Enter the Invoice manually and add the freight line.
Answer: D
NEW QUESTION # 16
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import the allocation rules from the allocation manager.
- B. You can export and import the custom roles from Oracle Identity Manager.
- C. You can export and import selected business units.
- D. You can export and import the approval rules from the approval management engine.
- E. You can export and import selected business object services.
Answer: B,E
NEW QUESTION # 17
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 Through 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 not selected because the first discount date is before the Pay Through Date.
- B. The installment is selected but no discount is applied because the payment date is after the discount dates.
- 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 and a discount of $200 USD ($150 + $50) is applied.
- E. The installment is selected and a discount of $50 USD (the second discount) is applied.
Answer: C
Explanation:
Discount Taken Amount is 150 USD. Although the Payment Date is after the discount dates, the first discount is taken because the option Always take discount is enabled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION # 18
Select three reasons why you cannot close your Payables period. (Choose three.)
- A. bills payable requiring maturity
- B. open intercompany transactions
- C. unapplied prepayments
- D. suppliers on payment holds
- E. unaccounted invoices and payments
Answer: A,B,E
Explanation:
The types of exceptions reported are:
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DE8D32BDBE0FBADE040D30A688146CA
NEW QUESTION # 19
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
- A. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
- B. Business units must be granted access to the bank account.
- C. Do not assign bank accounts to business units.
- D. 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.
- E. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
Answer: B,E
Explanation:
Account Access
Payables and Receivables account access is secured by business unit. In addition to selecting theappropriate application use or uses, one or more business units must be granted access before the bank account can be used by Payables and Receivables. Only business units that use the same ledger as the bank accounts owning legal entity can be assigned access.
NEW QUESTION # 20
What is the result of voiding a payment?
- A. A stop payment request has been initiated to the bank.
- B. The payment is no longer valid.
- C. The payment is reconciled to the bank statement.
- D. A bills payable payment was created but is not yet matured.
Answer: B
NEW QUESTION # 21
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 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).
- B. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
- C. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
- D. 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).
Answer: D
Explanation:
When you apply a prepayment to an invoice, the tax rate at the time of prepayment may differ from the tax rate at the time that the prepayment is applied to an invoice. Oracle Fusion Tax considers the tax calculated on the prepayment according to the value assigned to the Applied Amount Handling option in the tax record. The values are Recalculated and Prorated.
For example, you apply a prepayment amount of 5,000 USD to an invoice with a total amount of10,000 USD. At the time of prepayment, the applicable tax rate was 5% (250 USD tax on the prepayment); at the time of invoice creation, the applicable tax rate is 10%. Tax is calculated in this way:
* Recalculated: The tax is recalculated on the prepayment using the invoice tax rate and the same tax rate is applied to the invoice line amount. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. In the invoice example, the calculationcreates an invoice line amount tax line of 1,000 USD (10% * 10,000 USD) and a prepayment tax line of -500 USD (10% * -5000 USD). This reverses tax calculated on the invoice for the prepayment amount applied. The tax calculated on the prepayment is retained.
* Prorated:Etc.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006655AN242EE.htm
NEW QUESTION # 22
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. data that is metric and can be added up or aggregated
- B. information about a business object with values that are dates, Ids or text
- C. values that are organized into parent-child relationships
- D. data that provides a measure of something
Answer: B
NEW QUESTION # 23
Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?
- A. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
- B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
- C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
- D. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
Answer: C
NEW QUESTION # 24
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 status of each payment in the payment file is Cancelled and the related documents are available for future selection.
- B. The status of the payment file is Terminated.
- C. The status of each payment in the payment file is Terminated.
- D. The invoices are placed on payment hold.
- E. The status of the payment file is Cancelled.
Answer: A,B
Explanation:
If the payment file has been terminated and the documents payable have been returned to the source product, then the status of the Printed Payment File is Terminated.
Oracle Fusion Paymentsinforms the source product of the terminated documents payable. Then for each payment in the payment file, Payments sets the status to Canceled.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011879AN17393.htm
NEW QUESTION # 25
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- B. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
- C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- D. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
Answer: B
NEW QUESTION # 26
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
- A. Supplier payments
- B. Reimbursement of employee expense reports
- C. Employee advances
- D. Ad hoc payments
- E. Customer refunds
Answer: C,D,E
NEW QUESTION # 27
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
- A. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
- B. Enter the payment terms at the Supplier level so they default onto the invoice.
- C. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
- D. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
- E. Enter the payment terms at the supplier site level so they default onto the invoice.
Answer: A
NEW QUESTION # 28
You have enabled Payment Approval for your payment process requests (PPR).
At what stage of the PPR is the payment approval process automatically triggered?
- A. Build Payments
- B. Create Payment Files
- C. Review Installments
- D. Review Proposed Payments
Answer: B
NEW QUESTION # 29
The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)
- A. Setup a new tax rate
- B. Setup a new recovery rate
- C. Setup a new tax rule
- D. Setup a new tax
- E. Setup a new status
- F. Setup Determining Factor and Condition Sets
Answer: A,C,E
Explanation:
Set up details for the taxes of a tax regime. Each separate tax in a tax regime includes records that are used to calculate and report on the tax, including:
Tax statuses
Tax rates
Tax rules
NEW QUESTION # 30
Which invoice types can be included in the Create Payment flow?
- A. Standard, Credit Memo and Debit Memo
- B. Standard, Credit Memo, and Invoice Request
- C. Standard, Debit Memo and Customer Refund
- D. Standard, Credit Memo and Customer Refund
Answer: A
NEW QUESTION # 31
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