Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?

A) An expenses template and type rule has not been setup
B) The audit selection rule has not been assigned to the business unit
C) The audit selection rule has not been assigned to the legal entity
D) Auditing has not been enabled in the system options page
E) The audit selection rule has not been assigned in the system options page

2. What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

A) The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
B) The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
C) The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
D) The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.

3. Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

A) Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
B) Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
C) Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
D) Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

4. Which two statements are true about processing corporate card expenses?

A) Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
B) Card transactions will be paid directly from Expenses Cloud.
C) You can process payment for credit card using Electronic funds transfer, check, or wire.
D) Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
E) Usage policy for expense category tolerances does not apply to credit card expenses.

5. You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?

A) Insert the syntax <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?> after the invoices table.
B) Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
C) Insert the syntax <?if:VENDOR_NAME= 'COMPANY A'?> before the Supplier field on the template. Then, enter the <?end if?> tag after the invoices table.
D) Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag </<?if:condition?>.

Solutions: