Oracle Fusion Financials 11g Accounts Payable Essentials

Question 1

Identify two duty roles that are granted to a Tax Administrator.

A. Financial Application Lookups Administration Duty

B. Classification Administration Duty

C. Internal Contact Relationship Information Inquiry Duty

D. Customer Account Addresses Inquiry Duty

E. French DAS2 Reporting Duty

Correct Answer: A,B

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Question 2

Which three statements are true when a prepayment is applied to an invoice by selecting the option Include on Invoice?

A. The prepayment amount available for application is reduced.

B. The unpaid invoice amount is reduced by the amount of the prepayment application.

C. The unpaid invoice amount is not affected by the prepayment application.

D. The invoice is updated to reflect the amount paid by prepayment in the Installments tab.

E. The prepayment amount paid is NOT updated In the Installment tab of invoice.

Correct Answer: A,B,E

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Question 3

Which two statements are true about the Invoice Requiring Attention section of the invoice Dashboard?

A. displays all scanned invoices through the Integrated imaging solution that have NOT yet had accounts Payables invoices created

B. displays Invoices in the system that are waiting for approval *

C. displays links to all prepayment type invoices that have NOT been fully applied

D. lists invoices entered or imported in the past seven days that are NOT yet accounted or accounted for in draft only

E. displays invoices rejected in the approval process along with the reason for rejection

Correct Answer: B,E

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Question 4

How are prepayments for invoices configured?

A. Enable Allow Prepayments in Define General Payables Options.

B. Create the prepayment terms and associate it with the prepayment Invoice.

C. Enable the Profile Option for Prepayment in the Manage Payable profile options page.

D. No additional configuration is required. Users must select the invoice type as prepayment when the invoice is created.

E. No additional configuration is required. Users must select the payment type as prepayment when the payment is created.

Correct Answer: D

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Question 5

Which two invoice actions are NOT allowed if prepayments have been applied to an invoice?

A. Add an invoice line.

B. Modify an invoice distribution.

C. Reverse an invoice distribution.

D. Modify the accounting information.

E. Cancel an invoice.

Correct Answer: B,E

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Question 6

Select three valid invoice line types.

A. Tax

B. Freight

C. Interest

D. Charges

E. Miscellaneous

Correct Answer: A,B,E

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Question 7

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

A. Export to Excel

B. Export to PDF

C. Reorder Columns

D. Drill Down

E. Reorder Rows

Correct Answer: A,C,D

Question 8

Identify three fields that will be extracted from an invoice when using the Integrated imaging solution.

A. Supplier name

B. item price

C. Purchase Order number

D. Invoice amount

E. Item number

Correct Answer: A,C,D

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Oracle Fusion Financials 11g Accounts Payable Essentials - 1z1-507 Exam Practice Test

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