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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. What two job roles are required to access information within Functional Setup Manager?

A) Functional Setup Manager Superuser
B) Application Implementation Manager
C) IT Security Manager
D) Any Functional User
E) Application Implementation Consultant

2. What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

A) Standard Invoice
B) Credit Memo
C) Standard invoice request
D) iSupplier Invoice
E) Supplier payment request

3. You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?

A) The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
B) The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
C) The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
D) The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).

4. Identify three statements that indicate the purpose of Functional Setup Manager.

A) It allows you to centrally manage the close processes across subledgers and ledgers.
B) it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
C) It automatically marks the completion status of tasks as Completed once they have been completed.
D) It provides a central place to access and perform all of the setup steps across the applications.
E) It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

5. Which method can you use to route payment approval rules?

A) Parallel
B) Approval Groups
C) Both Parallel and Sequential
D) Sequential
E) Serial and FYI (For Your Information)

Solutions: