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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. What are the three benefits derived by a Payables Manager when implementing Oracle fusion Payables?

A) Streamlining accounting policy changes
B) Simplified and expeditious reporting
C) Fulfilling of demands for local compliance
D) Improvement in processing speed and manageability
E) Streamlining reconciliation to the general lodger

2. Which two invoice actions are NOT allowed if prepayments have been applied to an invoice?

A) Modify an invoice distribution.
B) Reverse an invoice distribution.
C) Cancel an invoice.
D) Add an invoice line.
E) Modify the accounting information.

3. Which two statements are true about the Invoice Requiring Attention section of the invoice Dashboard?

A) displays Invoices in the system that are waiting for approval *
B) displays all scanned invoices through the Integrated imaging solution that have NOT yet had accounts Payables invoices created
C) displays invoices rejected in the approval process along with the reason for rejection
D) lists invoices entered or imported in the past seven days that are NOT yet accounted or accounted for in draft only
E) displays links to all prepayment type invoices that have NOT been fully applied

4. Which three duty roles are granted to the Corporate Card Administrator?

A) Corporate Card Transaction Review Duty
B) Business Intelligence Applications Worker
C) Corporate Card Transaction Management Duty
D) Expense Export Duty
E) Corporate Card Issuer Payment Request Management Duty

5. Which three statements are true when a prepayment is applied to an invoice by selecting the option Include on Invoice?

A) The unpaid invoice amount is reduced by the amount of the prepayment application.
B) The invoice is updated to reflect the amount paid by prepayment in the Installments tab.
C) The prepayment amount paid is NOT updated In the Installment tab of invoice.
D) The unpaid invoice amount is not affected by the prepayment application.
E) The prepayment amount available for application is reduced.

Solutions: