Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

A) Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
B) Run the create accounting program.
C) Remove the documents or payments causing the error and resume the payment process.
D) Run the invoice validation program.
E) Terminate the payment process request.

2. There are four key reports in Cash Management.
What is the correct match for each report and its description?
Report
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report
Description
1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
2. Displays the bank statements that are used to analyze balances and transaction details.
3. Displays balance and transaction information for specific bank statements.
4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

A) 1 = H, 2 = E, 3 = G, 4 = F
B) 1 = E, 2 = G, 3 = H, 4 = F
C) 1 = H, 2 = G, 3 = E, 4 = F
D) 1 = H, 2 = F, 3 = E, 4 = G

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

4. An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request?

A) Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
B) Neither the invoice nor the credit memo is included in the Payment Process Request.
C) Both the invoice and the credit memo are included in the Payment Process Request.
D) Both the invoice and the credit memo are fully paid.

5. The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)

A) All related withholding tax invoices are automatically voided.
B) All related interest invoices are reversed if previously created.
C) Voiding the payment automatically places an invoice on hold.
D) Any previous accounting and payment records for an invoice are reversed.
E) Any realized gain or loss previously calculated is reversed.

Solutions: