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NO.16 Which statement is true about selecting a bank account on the Create Payment page?

LE on the bank account should be different from the LE on the invoice.

LE on the bank account should be equal to LE on the invoice.

Users can pick any bank account as long as the bank account is tried to the business unit.

There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.

Bank account must match the supplier’s bank account.

NO.17 An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

Invoice accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability Account 2000 Cr Prepayment Account 2000.

Invoice Accounting – Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr Expense Account 8000 Cr Prepayment Account 8000.

Invoice accounting – Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application – Dr AP Liability 8000 Cr Prepayment Account 8000.

NO.18 What are the output formats supported for Electronic and Check format programs?

Electronic output format of eText, Check output format of rtf

Electronic output format of Text, Check output format of Text

Electronic output format of DATA (csv), Check output format of Zipped PDFs

Electronic output format of XML, Check output format of rtf

Electronic output format of PDF, Check output format of PDF

NO.19 Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)

Reimbursement of employee expense reports

Employee advances

Supplier payments

Customer refunds

Ad hoc payments

NO.20 You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.

Make sure you ran the Retrieve Latest LDAP Changes program.

Make sure you can query the user from the Manage Users page and verify the roles assigned.

Make sure the user logs out and logs back in.

NO.21 A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true?

The status of each payment in the payment file is Terminated.

The invoices are placed on payment hold.

The status of the payment file is Cancelled.

The status of each payment in the payment file is Cancelled and the related documents are available for future selection.

The status of the payment file is Terminated.

NO.22 You are using the Payable’s Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability 12,000

On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000

On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Jan 10th, Debit Rental Expense for 12,000 and Credit Cash for 12,000

NO.23 Identify two ways the invoice imaging solution works in the Cloud.

Customers scan and store the invoice images on-premise and attach them during invoice entry.

Customers ask suppliers to send electronic invoices.

Customers cannot use invoice imaging in the Cloud.

Customers ask their suppliers to scan and email the invoice.

Customers scan the invoice on-premise and email the images.

NO.24 You are evaluating the predefined expense report approval rules within your test environment to see if they meet current business requirements.
Which three rule sets are part of the predefined setup? (Choose three.)

Approval by supervisor based on expenses type amount

Approval by Cost Centre owners in parallel or serial mode

Approval by Project Manages in parallel or serial mode

Approval by supervisor based on report amount

Approval by a Group based on report amount in parallel or serial mode

NO.25 In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

The original Source

The Output types

The layout-template

The Data Model

The Style-Template

NO.26 Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

General Ledger Financial Statements and the Accounts Payable and Invoice Registers

Payables to Ledger Reconciliation report

Payables Trial Balance and General Ledger Trial Balance reports

Payables Aging reports with the General Ledger Trial Balance report

NO.27 During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action?

New expense report containing disallowed expense items is immediately created.

Approved part of the expense report is not eligible for expense reimbursement.

The approved part of the expense report is eligible for expense reimbursement.

New expense report containing disallowed expense items is not created until manager approves the short payment.

NO.28 Which three are valid reasons why you cannot close your Payables period? (Choose three.)

Incomplete payment files

Unapplied prepayments

Bills payable requiring maturity

Suppliers on payment holds

Unaccounted invoices and payments

NO.29 You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Which two are valid methods to achieve this?

Choose the ,All Lines, option from the Allocate menu in the invoice line area.

Define a distribution set and assign it manually to the invoice.

Define a distribution set and assign it to the supplier.

Define a payment term and assign it to the invoice.

NO.30 You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?

by changing the tax status to test and then entering a payables invoice

Oracle Transactional Business Intelligence (OTBI)

by creating accounting in draft mode

by creating a payable invoice, and by validating and reviewing the tax application

by using Tax Simulator to test