Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 3

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)


Options are :

  • The quantity billed is updated.
  • Tolerances are enforced.
  • The quantity received is updated.
  • The purchase order accounting information is copied to the invoice

Answer :The quantity billed is updated. The purchase order accounting information is copied to the invoice

1Z0-330 Oracle Fusion Workforce Compensation Cloud Test Set 4

You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process? 1. Review proposed payments. 2. Print payments. 3. Create payment instructions. 4. Select and build proposed payments. 5. Mark payments as complete.


Options are :

  • 4, 1, 3, 2, 5
  • 4, 2, 1, 5, 3
  • 5, 4, 1, 2, 3
  • 2, 4, 1, 3, 5

Answer :4, 1, 3, 2, 5

Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)


Options are :

  • standard
  • debit memos
  • prepayment
  • credit memos

Answer :standard credit memos

The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used to account for _____.


Options are :

  • invoice price variance in purchase orders and invoices
  • exchange rate variance for inventory items in purchase orders and invoices
  • exchange rate variance for expense items in purchase orders and invoices
  • exchange rate variance in invoices and payments

Answer :exchange rate variance for inventory items in purchase orders and invoices

OCP Oracle Database 11g Administrator Certified Professional Set 4

Identify four functions of the Invoice Validation process. (Choose four.)


Options are :

  • releasing any qualifying holds
  • applying any required holds
  • applying all prepayments and discounts
  • validating the General Ledger accounting information
  • validating and creating accounting entries for the invoice
  • ensuring that the total amount of all distributions equals the invoice total

Answer :releasing any qualifying holds applying any required holds validating the General Ledger accounting information ensuring that the total amount of all distributions equals the invoice total

Identify three statements that are true about bank and supplier payment. (Choose three.)


Options are :

  • Credit and debit memos are examples of payment documents.
  • If bank accounts for a supplier site are entered, Payables defaults the supplier's active bank accounts.
  • Primary bank account can be only at the supplier site
  • Supplier's payment requires a bank account with at least one payment document.
  • Use the Banking Details page to create bank accounts for making payments to suppliers.

Answer :If bank accounts for a supplier site are entered, Payables defaults the supplier's active bank accounts. Supplier's payment requires a bank account with at least one payment document. Use the Banking Details page to create bank accounts for making payments to suppliers.

Which three are true about internal bank accounts? (Choose three.)


Options are :

  • They are defined to disburse electronic payments from your customers.
  • They are defined to disburse funds to suppliers.
  • They are defined for receiving electronic payments made to your suppliers.
  • They are defined for receiving payment from customers.
  • Internal accounts define bank accounts for which you are the account holder.

Answer :They are defined to disburse funds to suppliers. They are defined for receiving payment from customers. Internal accounts define bank accounts for which you are the account holder.

1Z0-516 Oracle EBS R12 General Ledger Essentials Exam Set 2

When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management. 1. Oracle Cash Management cannot clear bills payable that have a status of _____. 2. Oracle Cash Management clears bills payable only if the payment status is _____. 3. On or after the maturity date of the payment, you can update the status to _____. Identify the one status for the second clearing restriction.


Options are :

  • None
  • reconciled
  • negotiable
  • issued

Answer :negotiable

ABC Corp. requires that all invoices are matched to both a purchase order and a receipt. Invoice tolerances are set to zero. A standard purchase order is entered for consulting services. An invoice is entered and matched against a purchase order. The total invoice amount matches the distribution amount. When the steps to prepare the invoice for payment are completed, the invoice is placed on hold. The company's business policy states that all holds cannot be manually released. To pay the supplier, identify the step to be completed to remove the hold and be eligible for payment.


Options are :

  • Inspection is required because it is a three-way match.
  • The service must be received in Purchasing because three-way matching is required.
  • Manually release the hold because it is not a system hold.
  • The service must be received in Accounts Payable because it is a purchase order for a service and not a commodity or item.
  • Change the invoice tolerances in the Payables Options form to be greater than zero, so that the invoice does not go on hold again.

Answer :The service must be received in Purchasing because three-way matching is required.

Which is the final step in processing a payment batch?


Options are :

  • Validate the payment batch.
  • Cancel the payment batch.
  • Run the create accounting process.
  • Confirm the payment batch.
  • Transfer the batch to General Ledger.

Answer :Confirm the payment batch.

1Z0-982 Oracle Enterprise Planning and Budgeting Cloud Test Set 3

Identify four interface tables that are available in Oracle Payables. (Choose four.)


Options are :

  • Payables Open Interface
  • Payables Invoice Open Interface
  • Payables PO Matching Interface
  • Payables PCard Interface
  • Payables Payments Interface
  • Suppliers Open Interface

Answer :Payables Open Interface Payables PO Matching Interface Payables PCard Interface Suppliers Open Interface

The manual payment method is best described as the method of _____.


Options are :

  • paying a single check within Payables
  • paying multiple checks in a pay run
  • manually writing a check outside of Payable
  • recording a payment made outside of Payables

Answer :recording a payment made outside of Payables

Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive flexfield called SAI Value has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which is manually applied whenever an invoice is created and the SAI Value has not been provided to Company Z by the supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAI Hold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.


Options are :

  • Invoices have not been validated.
  • The descriptive flexfield field must be a required field, and not an optional field.
  • The current Project Accounting period is closed.
  • The Payables Accounting process has not been run.
  • Accounting is not being created by the user-defined hold
  • The current General Ledger period is closed.

Answer :Accounting is not being created by the user-defined hold

Oracle 1Z0-976 Cloud Service Implementation Essentials Exam Set 3

There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps: 1. Invoice Payment 2. Invoice Validation 3. Invoice and Payment Accounting 4. Supplier Entry 5. Invoice Import/Entry What is the order in which these steps must be performed?


Options are :

  • 4, 5, 2, 1, 3
  • 4, 2, 5, 1, 3
  • 5, 3, 1, 2, 4
  • 1, 2, 3, 4, 5
  • 3, 1, 4, 2, 5

Answer :4, 5, 2, 1, 3

Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.


Options are :

  • gross amount
  • trading partner
  • due date
  • payment method
  • system hold reason
  • bank account

Answer :trading partner

Company A has implemented Oracle Payables and Oracle General Ledger. It has a thirdparty (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.


Options are :

  • Payables Open Interface
  • Expense Report Import Interface
  • Credit Card Import Interface
  • Projects Import Interface

Answer :Payables Open Interface

OCA Oracle Database 11g Administrator Certified Associate Set 4

You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)


Options are :

  • Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.
  • Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
  • Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and create a quick payment.
  • Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.

Answer :Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and create a quick payment.

Which two statements are true about defining payment documents? (Choose two.)


Options are :

  • Credit and debit memos and checks are examples of payment documents.
  • Checks and electronic payments are examples of payment documents.
  • You can create only one payment document for each internal bank account.
  • Credit and debit memos and checks are examples of payment documents.
  • Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.
  • You must create at least one payment document before you can use a bank account to create invoice payments.

Answer :Checks and electronic payments are examples of payment documents. You can create only one payment document for each internal bank account.

Which three are true regarding purchase order-matched invoices? (Choose three.)


Options are :

  • You can set up controls in your system to require you to invoice-match credit /debit memos that have been matched to a purchase order.
  • You can set up controls in your system to require you to purchase order-match each invoice.
  • You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are less than the amounts or quantities on the purchase order or receipt.
  • You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt.
  • You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or quantities on the purchase order or receipt.

Answer :You can set up controls in your system to require you to purchase order-match each invoice. You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or quantities on the purchase order or receipt.

1Z0-969 Oracle Payroll Cloud 2017 Implementation Essentials Set 1

Company K has identified these business requirements for their Payables operations: 1. All invoices must be part of a batch. 2. Discounts must be taken in all situations. 3. Invoices must be numbered by the system. 4. Accounting entries must be created for all invoice types. 5. All credit memos above a certain dollar amount must be approved before entry. 6. Four-way matching is enforced. Select the profile option to be configured that will satisfy the above requirements.


Options are :

  • AP: AP Discounts Interface Start Date
  • AP: Invoice Match
  • AP: Use Invoice Accounting For Credit Memos
  • AP: Enable Invoice Autonumbering
  • AP: Use Invoice Batch Controls

Answer :AP: Use Invoice Batch Controls

Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.


Options are :

  • Payables
  • General Ledger
  • Assets
  • Receivables
  • Purchasing

Answer :General Ledger

Identify three Payables system setup options. (Choose three.)


Options are :

  • application accounting definitions
  • allow void and reissue
  • always take discount
  • create interest invoice
  • bill-to location

Answer :allow void and reissue always take discount create interest invoice

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 1

Identify three statements that describe Payment Terms. (Choose three.)


Options are :

  • default from the supplier site
  • automatically calculate due dates, discount dates, and discount amounts for each invoice
  • cannot be specified in import tables
  • can be used to schedule payments for an invoice
  • can be used for electronic payments

Answer :default from the supplier site automatically calculate due dates, discount dates, and discount amounts for each invoice can be used to schedule payments for an invoice

Identify three options available to manage cash requirements. (Choose three.)


Options are :

  • Select additional Pay Through Days.
  • Narrow the selection of invoices in pay run.
  • Change Pay Groups
  • Include Only Due.
  • Select Payment Terms.

Answer :Select additional Pay Through Days. Narrow the selection of invoices in pay run. Include Only Due.

Identify three statements that are true for electronic or wire payment. (Choose three.)


Options are :

  • Electronic payment instructs the bank to make payment to a supplier bank account.
  • Payables does not require supplier bank account information for a wire payment
  • More bank accounts for a supplier or supplier site can be added.
  • Supplier banks must be assigned to the supplier for electronic payment.
  • A wire payment validates the supplier's bank details.

Answer :Electronic payment instructs the bank to make payment to a supplier bank account. Payables does not require supplier bank account information for a wire payment Supplier banks must be assigned to the supplier for electronic payment.

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

For transaction-related activities such as adjustments and discounts, Receivables derives the balancing segment value from the _____ account that is associated with the transaction.


Options are :

  • Earned and unearned discounts
  • Revenue
  • Receivables
  • Unapplied cash
  • Unbilled receivables
  • Unearned revenue

Answer :Receivables

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 7

Which statement is correct about the differences between the functionalities of parent accountsand summary accounts?


Options are :

  • Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.
  • Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type.
  • Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.
  • Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
  • Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.

Answer :Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.

Identify the three applications that create invoices into Oracle Receivables. (Choose three.)


Options are :

  • Oracle Cash Management
  • Oracle Loans
  • Oracle Lease Management
  • Oracle Shipping
  • Oracle Projects

Answer :Oracle Loans Oracle Lease Management Oracle Projects

You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?


Options are :

  • Assign payment terms that have four payment schedules.
  • Assign an accounting rule with four schedules.
  • Create four lines and assign different payment terms to each line.
  • Assign an invoicing rule with four schedules.
  • Assign payment terms that have four discount periods defined.

Answer :Assign payment terms that have four payment schedules.

1Z0-409 Oracle Linux Fundamentals Practice Exam Set 1

All remittance bank details are created and maintained in _____.


Options are :

  • Oracle Trade Management
  • Oracle Payables
  • Oracle Cash Management
  • Oracle Purchasing
  • Oracle Receivables
  • Oracle Lease Management

Answer :Oracle Cash Management

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

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