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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. Choose three actions that can be performed from the Accounts Payables dashboard.

A) Drill Down
B) Export to PDF
C) Reorder Rows
D) Export to Excel
E) Reorder Columns

2. Select three true statements about the Invoice Validation process.

A) creates tax lines and distributions
B) creates Accounting Entries
C) updates Supplier Balance
D) validates project information
E) creates withholding invoices

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 NOT selected because the first discount date NOT BEFORE the Pay Through Date.
B) The installment is NOT selected but discount of $150 is availed because the Always Take Discount option is enabled
C) The installment is selected and a discount of $0 is available because the payment date is after the discount dates.
D) The installment is selected and a discount of $100 is availed because only the latest discount date is committed.
E) The installment is selected and a discount of $150 is available because the always Take Discount option is enabled.

4. Which three business rules prevent a distribution from being reversed?

A) If it represents a prepayment application/unapplication
B) If it represents a variance (IPV or ERV)
C) If it represents an interest invoice line
D) If it is already posted to a subledger
E) If it is PO/RCV matched

5. Which embedded analytics provides Information on expense reports without receipts?

A) Corporate Card Required Violation
B) Recurring Violations
C) Recent Returned Reports
D) Recent Similar Analytics

Solutions: