Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 13

Company A wants to use Oracle Internet Expenses with expense report templates. Identify three true statements for the setup of expense report templates. (Choose three.)


Options are :

  • The expense report template must be enabled for Internet Expenses.
  • The tax code assigned to an expense item must be Web enabled.
  • The GL account assigned to an expense item must have all accounting flexfield segment values entered.
  • Each expense item must have an expense category assigned to it.

Answer :The expense report template must be enabled for Internet Expenses. The tax code assigned to an expense item must be Web enabled. Each expense item must have an expense category assigned to it.

Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)


Options are :

  • unaccounted invoices
  • unpaid invoices
  • unpaid expense reports
  • outstanding pay runs
  • invoices not validated

Answer :unaccounted invoices outstanding pay runs

Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 16

Customer reason codes can be used to assist in automatic claim creation in Receivables. Customer reason code mappings are assigned in _____.


Options are :

  • Receivables
  • Order Management
  • Cash Management
  • Payables
  • Trade Management
  • Subledger Accounting

Answer :Trade Management

Expense reports for Company A are entered in Payables using the Expense Report form. The accounting flexfield has a three-segment structure: Company - Cost Center - Account The employee GL account on the expense report is populated from the employee record. The company and the cost center for the expense lines are derived from the GL account. The account segment value could vary for every line on the expense report. Identify the approach you recommend to Company A for fast and accurate entry of expense reports.


Options are :

  • Enter the expense report header. Enter lines. Enter all segment values for each expense report line.
  • All of the above
  • Create expense report templates. Enter the account segment value for each line on the template. Leave the other segment values empty. Use the template lines when entering the expense report.
  • Enter the expense report header. Enter lines. Override the account segment value for each line as required.

Answer :Create expense report templates. Enter the account segment value for each line on the template. Leave the other segment values empty. Use the template lines when entering the expense report.

During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables. Which statement is true?


Options are :

  • Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.
  • Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report window.
  • Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.
  • Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.

Answer :Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.

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

Where does the expense AP accrual account used in the Period End Accrual process default from?


Options are :

  • Financial Options
  • Receiving Options
  • Purchasing Options
  • Payables Options

Answer :Purchasing Options

Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.


Options are :

  • System Options
  • Code Set Options
  • Expense Report Payables Options
  • Financial Options
  • Payables Options

Answer :Expense Report Payables Options

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-20XX and ended on 26-APR-20XX. To ensure that all accounting from APR-XX has been sent to General Ledger, they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. What dates must be used to run Accounts Payable Trial Balance Reports?


Options are :

  • one run for 26-MAR-20XX and one for 26-APR-20XX
  • one run for 31-MAR-20XX and one for 30-APR-20XX
  • one run for 27-MAR-20XX and one for 26-APR-20XX
  • one run for 01-APR-20XX and one for 30-APR-20XX

Answer :one run for 26-MAR-20XX and one for 26-APR-20XX

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

Identify three processes that you must run before closing your Payables period. (Choose three.)


Options are :

  • The Transfer Journal Entries to GL program
  • Expense Report Export
  • The Create Accounting program
  • Payables Open Interface Import
  • Period Close Exceptions Report

Answer :The Transfer Journal Entries to GL program The Create Accounting program Period Close Exceptions Report

Identify the report that is used to reconcile the Accounts Payable liability balance at period end.


Options are :

  • Accrual Write-Off Report
  • Accounts Payable Trial Balance
  • Matched and Modified Receipts Report
  • Payables Posted Invoice Register
  • Uninvoiced Receipts Report
  • Payables Posted Payment Register

Answer :Accounts Payable Trial Balance

Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)


Options are :

  • Accounts Payable Trial Balance - current period
  • Void Check Register
  • Payables Transfer to General Ledger Reports
  • Posted Invoices Report
  • Posted Payments Report
  • Accounts Payable Trial Balance - prior period

Answer :Accounts Payable Trial Balance - current period Posted Invoices Report Posted Payments Report Accounts Payable Trial Balance - prior period

1Z0-409 Oracle Linux Fundamentals Practice Test Set 4

Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax. To use self -assessed taxes, enable the Set for Self Assessment/Reverse Charge option when you define the _____ in the Party Tax Profile.


Options are :

  • set allow tax recovery
  • tax registration information
  • set allow manual tax only lines
  • recoverable tax information

Answer :tax registration information

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.


Options are :

  • Uninvoiced Receipts
  • Accounts Payable Trial Balance
  • Accrual Write-Off
  • Mass Additions Create

Answer :Uninvoiced Receipts

Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)


Options are :

  • Oracle Leasing
  • Oracle Inventory
  • Oracle Assets
  • Oracle Receivables
  • Oracle Procurement

Answer :Oracle Inventory Oracle Assets Oracle Procurement

1Z0-207 Oracle Comm Billing & Revenue Mgmt Pricing Exam Set 3

AutoCash rules apply to _____ receipts.


Options are :

  • Direct debit
  • Quickcash
  • Manual
  • Prepayment
  • Automatic
  • Credit card

Answer :Quickcash

In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)


Options are :

  • entering a purchase order
  • processing a receipt
  • entering invoices and matching them in Payables
  • running the period-end accrual program

Answer :processing a receipt entering invoices and matching them in Payables

Identify the conditions that must exist before you can apply an advance against an expense report.


Options are :

  • The prepayment type is permanent and no active holds exist for the prepayment.
  • The prepayment type is temporary and has been fully applied.
  • The prepayment type is permanent, has been validated, and not canceled.
  • The prepayment type is temporary and has not been fully applied.

Answer :The prepayment type is temporary and has not been fully applied.

1Z0-982 Oracle Enterprise Planning and Budgeting Cloud Test Set 1

The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the miscellaneous receipt needs to be reversed. Which method would you advise the client to use?


Options are :

  • Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.
  • Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.
  • Create a receivable activity adjustment for the reversal of the miscellaneous receipt.
  • Carry out a standard reversal of the miscellaneous receipt.
  • Carry out a debit memo reversal of the miscellaneous receipt.

Answer :Carry out a standard reversal of the miscellaneous receipt.

Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)


Options are :

  • receiving accrual account
  • expense AP accrual account
  • inventory AP accrual account
  • accrued Payables account
  • AP liability account
  • accrual charge account

Answer :expense AP accrual account inventory AP accrual account AP liability account

Identify three purposes for which transaction types can be used. (Choose three.)


Options are :

  • To set whether transactions affect the Accounts Receivable (AR) customer balances
  • To record how cash can be applied to transactions
  • To set whether AutoInvoice validates transactions using IDs or values
  • To set transaction numbers to be either assigned automatically or entered manually for transactions
  • To record the accounting flexfield value that would be used for the cash account for transactions
  • To record the accounting flexfield value that would be used for the receivable account for transactions

Answer :To set whether transactions affect the Accounts Receivable (AR) customer balances To record how cash can be applied to transactions To record the accounting flexfield value that would be used for the receivable account for transactions

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

If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.)


Options are :

  • Oracle Projects
  • Oracle Payables
  • Oracle General Ledger
  • Oracle Travel
  • Oracle Aria
  • Oracle Internet Expenses

Answer :Oracle Payables Oracle Internet Expenses

Identify three statements that are true for the automatic withholding tax process. (Choose three.)


Options are :

  • Withholding tax distributions are automatically created during invoice validation or during payment processing.
  • The Withholding tax group can be assigned only to an invoice distribution.
  • Withholding tax type distributions are negative amounts.
  • Using automatic withholding tax, Payables creates the correct withholding tax distributions.
  • If an invoice with an associated withholding tax invoice is canceled, Payables automatically creates an invoice for the tax authority supplier to offset the amount of the withholding tax invoice.

Answer :Withholding tax distributions are automatically created during invoice validation or during payment processing. Using automatic withholding tax, Payables creates the correct withholding tax distributions. If an invoice with an associated withholding tax invoice is canceled, Payables automatically creates an invoice for the tax authority supplier to offset the amount of the withholding tax invoice.

When reviewing the Accounts Payable Trial Balance Report for a period, a user notices that the remaining balance for an invoice is negative. What is the reason?


Options are :

  • The invoice was never accounted for.
  • The invoice was overpaid.
  • The invoice was moved to the next period.
  • The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.

Answer :The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.

1Z0-516 Oracle EBS R12.1 General Ledger Essentials Exam Set 7

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports. Which two actions can they perform to solve the problem? (Choose two.)


Options are :

  • Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
  • Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
  • Reverse the invoice distributions and rematch if possible.
  • Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

Answer :Reverse the invoice distributions and rematch if possible. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

Identify two implementation considerations that impact Payables during the closing process. (Choose two.)


Options are :

  • Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.
  • Choose the detail option to transfer details to General Ledger during the Create Accounting process.
  • Determine how often you will run the Transfer Journal Entries to GL process.
  • Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.
  • Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.

Answer :Determine the number of clearing accounts to use for Projects, Assets, and Cash Management. Determine how often you will run the Transfer Journal Entries to GL process.

Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)


Options are :

  • vehicle license
  • recoverable tax
  • excise
  • property
  • customs duty

Answer :vehicle license property

1Z0-409 Oracle Linux Fundamentals Practice Exam Set 5

Identify a correct statement about profile classes.


Options are :

  • Credit checking is managed in Receivables and Credit Management.
  • Profile classes can be assigned to party, customer account, and account site levels.
  • Profile classes can be assigned at the site level if the site has active bill-to and ship-to address purposes.
  • Profile classes include credit check, credit collector, payment term, statement cycle, and statement-to address.
  • Late charge type includes adjustment, debit memo, and interest invoice.

Answer :Late charge type includes adjustment, debit memo, and interest invoice.

Which statement best describes stages in the credit review process?


Options are :

  • Initiating a credit review, data collection, data analysis, making and implementing the recommendations
  • Manually reviewing customers' past billing and payment history, initiating discussions with customers, and implementing recommendations
  • Defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow background process
  • Manually initiating a review by sending out mails to customers requesting information, reviewing and making recommendations, and implementing recommendations after approval

Answer :Initiating a credit review, data collection, data analysis, making and implementing the recommendations

Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?


Options are :

  • Payables System Setup Options
  • Payables Options
  • System Options
  • Financial Options
  • Purchasing Options

Answer :Purchasing Options

OCA Oracle 12C Administration (1Z0-062) Practice Test Set 2

Your client, Company A, has these requirements: 1.Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week. 2.Payables journal entries have to be transferred to GL at least once per month for reporting purposes. 3.Oracle Projects balances must be updated once every month. 4.Payment batches must be processed daily. On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?


Options are :

  • monthly
  • weekly
  • daily
  • once every two weeks

Answer :weekly

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

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