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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Identify three statuses that appear in the Processed Tab in the Expense Report region.
A) Pending Your Resolution
B) Rejected
C) Paid
D) Saved
E) Partially paid
F) Ready for Payment
2. A company has implemented the Supplier Portal WITHOUT the invoice approval workflow. When a supplier enters an invoice WITHOUT a purchase order match, what is the status of the invoice request?
A) Invalid
B) Incomplete
C) In Progress
D) In Process
E) Complete
3. The Accounts Payable Manager voided a Payment Request issued for a foreign currency invoice due to insufficient funds.
Which three statements are correct?
A) The process places the invoice on hold automatically.
B) All related interest invoices are reversed if already created.
C) All related withholding tax invoices are automatically reversed.
D) Accounting and payment records for the invoices that were paid automatically are reversed.
E) Any realized gain or loss on foreign currency invoices is recorded as paid by the payment when reversed.
4. A company implements Withholding Tax Setup. A user selects the applicable tax rates, completes the invoices and validates it. The Withholding tax is applied and a corresponding Withholding tax invoice created.
What is required to get this result?
A) Apply Withholding Tax at Payment and Create Withholding Invoice at Invoice Validation
B) Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Invoice Validation
C) Apply Withholding Tax at Invoice Validation and Never Create Withholding Invoice
D) Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Payment
E) Apply Withholding Tax at Payment and Create Withholding Invoice at Payment
5. 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
Solutions:
Question # 1 Answer: A,C,F | Question # 2 Answer: C | Question # 3 Answer: B,C,D | Question # 4 Answer: B | Question # 5 Answer: B,C,E |