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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. A company wants to default the business unit for a user In Oracle Fusion Payables. Identify the setup that meets this requirement.
A) Setup and Maintenance
B) Financial Options
C) Payables System Setup
D) Common Options for Payables and Procurement
E) Payables Options
2. Which two statements are true about the Invoice Requiring Attention section of the invoice Dashboard?
A) displays Invoices in the system that are waiting for approval *
B) lists invoices entered or imported in the past seven days that are NOT yet accounted or accounted for in draft only
C) displays links to all prepayment type invoices that have NOT been fully applied
D) displays invoices rejected in the approval process along with the reason for rejection
E) displays all scanned invoices through the Integrated imaging solution that have NOT yet had accounts Payables invoices created
3. A company plans to provide access to certain employees with rights to update the cost center information with the expenses application.
What duty must a user have in order to update cost center information?
A) Expense Entry Duty
B) Export Duty
C) Project expense Allocation Duty
D) Expense Account Allocation Duty
E) Expense Audit Duty
4. Which three accounting event types are predefined for the Accounting Event Class Prepayment Applications?
A) Prepayment Validated
B) Prepayment Unapplied
C) Prepayment Applied
D) Prepayment Application Adjusted
E) Prepayment Adjusted
5. An invoice for $1,000 and a credit memo for $1,100 are due for payment.
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?
A) Both the invoice and credit memo are included in the payment process request
B) Only the invoice is paid fully but the credit memo will have a balance of $1,100.
C) Neither the invoice nor the credit memo is included in the payment process request.
D) Both the invoice and credit memo are paid fully.
E) The invoice is paid fully but the credit memo is paid partially when a credit of $100 still remaining.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,D | Question # 3 Answer: D | Question # 4 Answer: B,C,D | Question # 5 Answer: A,B |


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