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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Identify the criteria where an invoice will NO longer be considered recently entered in the context of the Recently Entered Invoices Workarea of the Invoice Dashboard.
A) The Invoice was entered in the past seven days.
B) The invoice is NOT yet Accounted.
C) The invoice is Accounted.
D) The Invoice is within the 100 most recent transactions.
E) The invoice is Validated.
2. What are the three prerequisites for applying a prepayment to an invoice?
A) The prepayment has the same invoice currency as the invoice.
B) The prepayment has the same payment term as the invoice.
C) The prepayment has the same supplier number as the invoice.
D) The prepayment has the same requester as the invoice.
E) The prepayment has the same payment currency as the invoice.
3. An installment for $1000 is due for payment on January 10, 2012. The installment has two discounts: the first discount date is December 5, 2011 for $150 and the second discount date us December 20, 2011 for $100. The Pay Date Basis on the supplier site is Discount.
You submit a payment process request:
-Payment Date = December 5, 2011 -Pay Through Date = December 25, 2011 -Date Basis = Pay date -Always Take Discount option = Enabled
What will be the resulting status of the installment and discount?
A) The installment is selected and a discount of $100 is availed because only the latest discount date is committed.
B) The installment is selected and a discount of $0 is available because the payment date is after the discount dates.
C) The installment is selected and a discount of $150 is available because the always Take Discount option is enabled.
D) The installment is NOT selected but discount of $150 is availed because the Always Take Discount option is enabled
E) The installment is NOT selected because the first discount date NOT BEFORE the Pay Through Date.
4. Which three details are required to create a Single Payment Request?
A) Remit-to Account
B) Legal Entity
C) Business Unit
D) Type
E) Disbursement Bank Account
5. An employee traveled to a different city on a business trip. During the course of travel, the employee used the corporate card provided by his company for both business and personal expenses.
Upon his return, the employee created an expense report. The company is processing the expense report as Both Pay Corporate Card Transactions.
What will the result be?
A) Reimbursement will be made to the employee and the corporate card Issuer.
B) All expenses incurred using a corporate card will be paid to the card Issuer.
C) Reimbursements will be made to the employee instead of the corporate card issuer.
D) Both business and personal expenses will be reimbursed to the employee.
E) Only business expenses incurred using the corporate card will be reimbursed to the card Issuer.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C,E | Question # 3 Answer: C | Question # 4 Answer: A,C,D | Question # 5 Answer: E |
By Eli
