Oracle Financials Cloud: Payables 2020 Implementation Essentials

Question 1

What are the output formats supported for Electronic and Check format programs?

A. Electronic output format of PDF, Check output format of PDF

B. Electronic output format of eText, Check output format of rtf

C. Electronic output format of DATA (csv), Check output format of Zipped PDFs

D. Electronic output format of Text, Check output format of Text

E. Electronic output format of XML, Check output format of rtf

Correct Answer: B

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Question 2

You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are possible reasons for this? (Choose two.)

A. The invoice is not yet due.

B. The invoice is not accounted.

C. The payment method for the invoice is Electronic.

D. The payment supplier site is different to the supplier site on the invoice.

E. The invoice is not validated.

Correct Answer: A,C

Question 3

While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?

A. You did not specify a default expense template.

B. You did not define conversion rates for your business unit.

C. You did not define conversion rates in the General Ledger Cloud.

D. Only cash transactions use those settings.

Correct Answer: 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

An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts:
the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
* Payment Date = December 5, 2018
* Pay Through Date = December 25, 2018
* Date Basis = Pay Date
* Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

A. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

B. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

C. The installment is selected but no discount is applied because the payment date is after the discount dates.

D. The installment is not selected because the first discount date is before the Pay Through Date.

E. The installment is selected and a discount of $50 USD (the second discount) is applied.

Correct Answer: B

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Question 6

You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

A. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

B. allow you to maintain sets of related data in a Data Dictionary

C. allow you to secure data by business unit

D. allow you to assign multiple business units to users in a shared service center

Correct Answer: A

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Oracle Financials Cloud: Payables 2020 Implementation Essentials - 1z0-1055-20 Exam Practice Test

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