Oracle Financials Cloud: Payables 2024 Implementation Professional

Question 1

Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

A. Assignment to multiple sets with common values allowed

B. Assignment to multiple sets; no common values allowed

C. Assignment to one set only; no common values allowed

Correct Answer: B

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Question 2

Your organization has decided to create employee expense items by leveraging the digital assistant feature and sending expense receipts via email.
Which is the next processing step after an email with an expense receipt is received in the expenses application?

A. The Application automatically matched receipts to corporate card charges

B. The application verifies the sender's email address and compares it with the employee's email addressed in HCM

C. The application assigns an expense type based on category

D. The application sends the expenses team receipt notification

E. The application extracts the receipt details and creates expense items

Correct Answer: B

Question 3

During an expense audit, the auditor marks an expense item, which is missing a receipt, to be Short Paid. The auditor chooses to complete the audit and warn the user.
Given that the Expense Report Audit Approval is set to After Manager Approval, what are the two valid results of the auditor's action?

A. A new expense report containing disallowed expense items is immediately created.

B. The approved part of the expense report is not eligible for expense reimbursement.

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

D. A new expense report containing disallowed expense items is not created until the manager approves the short payment.

Correct Answer: A,C

Question 4

Which two invoice types can have a status of Incomplete?

A. Prepayment Invoices which are fully paid but not applied against any invoice

B. Scanned Invoices with invalid or missing data

C. Supplier Portal Invoices which are saved but not yet submitted

D. Scanned Invoices which are rejected during import

Correct Answer: B,C

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Question 5

You're a Payables supervisor, and your team has been struggling to keep up with the high volume of incomplete invoices coming through the Oracle Cloud Supplier Portal, causing delays in timely period closures. As a Payables supervisor, you have the ability to identify and then cancel incomplete supplier portal invoices without having to contact suppliers.
Which two options are available for the Payables Supervisor to identify incomplete supplier portal invoices for cancellation?

A. Query the Payables Invoice Register

B. Query invoices on the Manage Invoices page

C. Run the Period Invoice Audit Report

D. Run the Period Close Exception Report

Correct Answer: B,D

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Question 6

You need to issue an off-cycle, single payment for a supplier before the next scheduled payment run. The invoice you need to pay has been uploaded into the system, yet it is not available for selection on the Create Payment page.
Select two potential reasons for this:

A. The invoice is not yet due.

B. The invoice is not accounted.

C. The invoice is not validated.

D. The payment supplier site you selected is different from the supplier site on the invoice.

Correct Answer: C,D

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Oracle Financials Cloud: Payables 2024 Implementation Professional - 1Z0-1055-24 Exam Practice Test

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