Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.
What is the reason for this?

A) You did not select the business units associated to the UK Ledger.
B) You did not specify the range of liability accounts to include in the extract.
C) The reconciliation flag has not been enabled for your liability accounts.
D) The financial category of Accounts Payable is not assigned to the liability accounts.

2. XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

A) The option ,Allow remit-to supplier override for third-party payments, is not checked in the Common Options for Payables and Procurement page for the business unit.
B) The option ,Allow remit-to supplier override for third-party payments, is not checked in the Disbursement System Options page for the business unit.
C) The option ,Allow remit-to supplier override for third-party payments, is not checked in the Payment Options page for the business unit.
D) The option ,Allow remit-to supplier override for third-party payments, is not checked in the Invoice Options page for the business unit.

3. An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

A) The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
B) The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
C) The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
D) The payment process request pays only $200 USD alone.

4. 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 be sent to User 1 for approval.
B) The system will issue an error message after the approval has been initiated.
C) Invoice will be auto-approved.
D) Invoice will not be processed.

5. When reviewing installments, what setup is required to override the supplier site on an invoice?

A) Allow the remit-to supplier override for third-party payments at Manage Invoice options.
B) Allow the remit-to supplier override for third-party payments at Manage Payment options.
C) Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
D) Allow payee to override for third-party payments while Manage Invoice options.

Solutions: