Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 1

R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?


Options are :

  • stop
  • submit
  • subta
  • start
  • save
  • search

Answer :subta

1Z0-497 Oracle Database 12c Essentials Certification Exam Set 1

Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered via the Invoice Gateway. (Choose three.)


Options are :

  • PO standard invoice
  • PO default invoice
  • debit memos
  • credit memos
  • prepayments

Answer :PO default invoice debit memos prepayments

Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.


Options are :

  • goods received date
  • invoice entered date
  • invoice received date
  • invoice date
  • system date

Answer :system date

Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.


Options are :

  • The base currency has not been defined.
  • The account for gain or loss attribute has not been enabled.
  • Automatic offsets have been set to balancing.
  • The primary accounting method has not been defined.
  • The Payables Accounting Process was not submitted.

Answer :The Payables Accounting Process was not submitted.

1Z0-520 Oracle EBS R12 Purchasing Essentials Practice Exam Set 5

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)


Options are :

  • performing receiving
  • canceling invoices
  • creating purchase order detailed accounting information
  • scheduling payments
  • creating purchase orders

Answer :performing receiving creating purchase order detailed accounting information creating purchase orders

ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice is received from them. The cost centers that are to be charged require minimal updating. Select the option you would recommend that requires minimal ongoing maintenance.


Options are :

  • Import predefined invoices from an Excel spreadsheet.
  • A customization may be created to allocate the charges at the end of the month.
  • Create a distribution set for all the desired accounts and associate it to all new invoices for this supplier.
  • Make it an operational policy that all invoices of this type are created listing all the desired accounts.
  • Create an invoice and use the prorate functionality to allocate the cost across accounts.

Answer :Create a distribution set for all the desired accounts and associate it to all new invoices for this supplier.

Identify three statements that properly describe the use of distribution sets. (Choose three.)


Options are :

  • Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.
  • Use full distribution sets to create distributions with no set percentage amounts.
  • Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.
  • Assign a distribution set to an invoice when you enter it.
  • Use skeleton distribution sets to create distributions with set distribution amounts.

Answer :Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order. Assign a distribution set to an invoice when you enter it.

1Z0-330 Oracle Fusion Workforce Compensation Cloud Test Set 6

Identify the item that requires approval through the workflow process.


Options are :

  • invoices not matched to a purchase order
  • expense reports imported through the Payables Expense Report Import Program
  • recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled
  • invoices that existed before you enabled the feature

Answer :invoices not matched to a purchase order

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)


Options are :

  • Scheduled Payments
  • Holds
  • Actions
  • All Distributions
  • Invoice Lines

Answer :Scheduled Payments Holds Invoice Lines

To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define three profile options. (Choose three.)


Options are :

  • MO: Security Profile
  • HR: Business Group
  • MO: Operating Unit
  • MO: Default Operating Unit
  • HR: Security Profile

Answer :MO: Security Profile MO: Operating Unit MO: Default Operating Unit

1Z0-519 Oracle E-Business Suite R12.1 Inventory Essentials Set 1

You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. Which three naming conventions would you use for "Best Practices" during the supplier cleanup? (Choose three.)


Options are :

  • Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.
  • Use Last Name, First Name to identify employees as suppliers.
  • Create some supplier names in uppercase and others in mixed case.
  • Use abbreviations in the supplier name even it is not abbreviated on the invoice.
  • Remove all punctuation marks (commas, periods, and so on) from the supplier name.

Answer :Use the exact spelling of a supplier name as it appears on the invoice for the naming convention. Use Last Name, First Name to identify employees as suppliers. Remove all punctuation marks (commas, periods, and so on) from the supplier name.

Which statement is FALSE about the Stop Payments Report?


Options are :

  • Payables does not list stop payments that were voided at a later time.
  • Payables does not list stop payments that were initiated, but then released at a later time.
  • Payables lists stop payments that were voided at a later time.
  • Use this report to review all current stop payments.

Answer :Payables lists stop payments that were voided at a later time.

There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)


Options are :

  • Purchasing
  • Order Management
  • E-Business Tax
  • Loans
  • Bill of Materials
  • Cash Management

Answer :Purchasing E-Business Tax Loans Cash Management

1Z0-516 Oracle EBS R12 General Ledger Essentials Exam Set 5

You are on a phased-approach implementation. Payables and Purchasing are being implemented in Phase One, and Assets in Phase Two. Identify three choices in the process for the best way to discuss supplier naming conventions and supplier site naming conventions. (Choose three.)


Options are :

  • Gather only the Payables and Purchasing personnel.
  • Agree upon naming conventions.
  • Document conventions and obtain the sign-off by authorized approvers immediately.
  • Document conventions and obtain the sign-off by authorized approvers later.
  • Gather all interested parties for requirements-including Assets, Payables and Purchasing.

Answer :Agree upon naming conventions. Document conventions and obtain the sign-off by authorized approvers immediately. Gather all interested parties for requirements-including Assets, Payables and Purchasing.

Identify three features that speed up data entry. (Choose three.)


Options are :

  • account distribution sets
  • account aliases
  • scan invoices
  • data loader
  • customized folders

Answer :account distribution sets account aliases customized folders

Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts, invoices, accruals, and expense reports. The client must have much of this information loaded into Oracle Accounts Payable daily until they can effectively retire these three systems. Identify the best approach that involves minimal customization.


Options are :

  • Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.
  • Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and Supplier Import to bring in supplier information. The rest requires custom interfaces to be developed.
  • Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requires custom interfaces to be developed.
  • Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfaces to be developed.
  • Use Invoice Import to bring in all the above information after setting the correct profile options and defining the appropriate AP and non-AP transaction sources. No custom interfaces are needed.

Answer :Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.

OCA Oracle Database 10g Administrator I-1Z0-042 & II-1Z0-043 Set 3

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.


Options are :

  • Enter Payments
  • Scheduled Payments
  • Invoice Distributions
  • Invoice Overview

Answer :Scheduled Payments

Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year. The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.


Options are :

  • current year budget monetary and current year budget statistical
  • prior year budget monetary and prior year budget statistical
  • current year actual monetary and current year actual statistica
  • prior year budget monetary and current year budget statistical
  • prior year actual monetary and current year budget statistical

Answer :prior year budget monetary and prior year budget statistical

Select four options that can be set at the supplier site level. (Choose four.)


Options are :

  • surveys
  • tax details
  • accounting
  • business classification
  • bank details

Answer :surveys tax details accounting bank details

1Z0-520 Oracle EBS R12 Purchasing Essentials Practice Exam Set 4

Identify three true statements about the invoice approval workflow. (Choose three.)


Options are :

  • If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.
  • If an approver rejects the invoice, the Workflow program ends.
  • If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.
  • If the invoice amount is changed after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.
  • If an approver does not respond within the time you specify, then Workflow requests approval from that person's manager.

Answer :If an approver rejects the invoice, the Workflow program ends. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice. If an approver does not respond within the time you specify, then Workflow requests approval from that person's manager.

Identify three options for preventing prepayments. (Choose three.)


Options are :

  • Apply one or more holds to the prepayment.
  • Apply the holds as you would for any other invoice.
  • Release the scheduled payment.
  • Release the holds from a prepayment just as you would for any other invoice.

Answer :Apply one or more holds to the prepayment. Apply the holds as you would for any other invoice. Release the holds from a prepayment just as you would for any other invoice.

Select four occasions when the Create Accounting process can be run. (Choose four.)


Options are :

  • after the Invoice Validation process
  • before the transfer information to GL process
  • before the Invoice Validation process
  • after the payment process
  • before the payment process

Answer :after the Invoice Validation process before the transfer information to GL process after the payment process before the payment process

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 3

Identify three features of Payment Manager. (Choose three.)


Options are :

  • uses templates to select invoices to pay that meet the payment criteria
  • automatically submits invoices via payment process requests to Oracle Payments for processing and payment
  • updates a supplier's bank details
  • provides calculation of the interest amount
  • creates payment process request templates by specifying invoice selection criteria

Answer :uses templates to select invoices to pay that meet the payment criteria automatically submits invoices via payment process requests to Oracle Payments for processing and payment creates payment process request templates by specifying invoice selection criteria

A client has a requirement for their Payables application: 1) AP must automatically create balancing accounting entries for invoice and payment transactions by using the expense GL Account. 2) Stop the application of a prepayment amount to an invoice or expense report amount that is charged to a different balancing segment. Which two steps would satisfy both these requirements? (Choose two.)


Options are :

  • Enable the Prevent Prepayment Application Across Account Segments option
  • Set the Automatic Offset Method to Balancing.
  • Enable the Prevent Prepayment Application Across Balancing Segments option.
  • Enable the Prevent Prepayment Application Across Offset Segments option
  • Set the Automatic Offset Method to Accrual.
  • Set the Automatic Offset Method to Account.

Answer :Enable the Prevent Prepayment Application Across Balancing Segments option. Set the Automatic Offset Method to Account.

Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)


Options are :

  • matching the invoice to a shipment
  • using a distribution set
  • using the Distributions Open Interface
  • manually entering in the distributions window
  • creating through allocations

Answer :matching the invoice to a shipment using the Distributions Open Interface

1Z0-516 Oracle EBS R12 General Ledger Essentials Exam Set 8

Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the list below represent steps to create a payment process request template. Which one is the first step?


Options are :

  • Specify how the system handles validation failure on the document and payment levels.
  • Specify payment attributes.
  • Specify template header information.
  • Specify the degree of pay run automation.
  • Specify invoice payment selection criteria.

Answer :Specify template header information.

Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)


Options are :

  • You need a supplier as the criterion to search for purchase orders in the system.
  • You need a supplier as the criterion to search for a payment in the system.
  • You must pay the supplier for the goods or services purchased.
  • You receive goods or services from suppliers
  • You need supplier information for entering purchase orders.

Answer :You must pay the supplier for the goods or services purchased. You receive goods or services from suppliers You need supplier information for entering purchase orders.

Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. The report lists each payment, as well as total payment amount and cleared amount of all payments. Identify the name of this standard report.


Options are :

  • Payment Exceptions Report
  • Positive Pay File
  • Payment Register
  • Payment Process Request Status Report

Answer :Payment Register

1Z0-497 Oracle Database 12c Essentials Certification Exam Set 1

Using the Payables System Setup Options form, you can enable autonumbering for _____.


Options are :

  • employees
  • expense reports
  • suppliers
  • invoices
  • payments

Answer :suppliers

Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)


Options are :

  • Use the divide evenly rule with the 5/4/4 spread.
  • Use the divide evenly rule with the 4/4/4 spread.
  • Use the divide evenly rule with the 4/4/5 spread.
  • Use the divide evenly rule with the 4/5/4 spread.

Answer :Use the divide evenly rule with the 5/4/4 spread. Use the divide evenly rule with the 4/4/5 spread. Use the divide evenly rule with the 4/5/4 spread.

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 4

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