Oracle Financials Cloud: Payables 2022 Implementation Professional

Question 1

Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy? (Choose three.)

A. It determines which payments must go through the payment approval process.

B. It allows approvers to review payments and decide whether or not to approve a payment.

C. It defines when to initiate the payment approval process.

D. It defines a list of approvers who review payments and make final payment decisions.

E. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.

Correct Answer: C,D,E

Question 2

Which three attributes are captured during the scanning of invoice images?

A. Invoice Date

B. PO Number

C. Terms Date

D. Invoice Number

E. Payment Method

Correct Answer: A,B,D

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Question 3

You need to have an 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.
Select two methods to achieve this. (Choose two.)

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

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

C. Define a distribution set and assign it to the supplier.

D. Configure Subledger Accounting rules to allocate costs.

Correct Answer: B,D

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Question 4

Which is the Payables tool based on real-time data?

A. Essbase Cube

B. Oracle Financial Reporting (FR)

C. Smart View

D. Oracle Business Intelligence Applications (OBIA)

E. Oracle Transactional Business Intelligence (OTBI)

Correct Answer: E

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Question 5

You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

A. Invoice will not be processed.

B. Invoice will be sent to User 1 for approval.

C. The system will issue an error message after the approval has been initiated.

D. Invoice will be auto-approved.

Correct Answer: A

Question 6

You want your expense auditors to audit only expense reports for specific business units. How do you do this?

A. Assign the expense auditors job role and business unit security context and value to the user.

B. Make auditors the managers of the corresponding business unit to route expense reports properly.

C. Create your own audit extension rules that correspond to the business unit.

D. Create a custom duty role and assign the data roles to each auditor.

Correct Answer: A

Oracle Financials Cloud: Payables 2022 Implementation Professional - 1z0-1055-22 Exam Practice Test

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