Create a Payment Term: On or before Cut-off day 15 as Invoice Date, then Due

Date should be h of same month. After 15th, Due Date should be 20th of
next month. 5% discount if paid full in 7 days. and assign it to us1 bu.

- Create a Distribution Set: 70% of amount should be booked in 1 cost center of

Office Rent account and 30% of amount should be booked in different cost
center of Office Rent account.

- Create a PPR Template: Payment for USD curreny and Claims Source system.
Specific bank account, document and PPP should be used. Payment file
should be specific for this PPR. No manual intervention should exist.

- Create a Invoice Line Description Rule: Priority 1 for PO matched invoice -

(Supplier: XYZ, PO Number: 123, Line Description: "AP Line Description"),
priority 2 for non-PO match invoice - (Supplier: XYZ, Line Description: "AP Line
Description")

Set2:

Challenge: The US1 Business Unit has an expense policy on meals that allows
an employee to claim 30 USD per day for an evening meal, regardless of their
role and location.
Task
Create an Expense Policy for meals that raises a warning, if the expense
exceeds the prescribed limit, without blocking the expense processing. Your
expense policy should be ready to be associated with an expense type within
an expense report template.

Nav: Manage Policies by Expense Category

Set 1
1. The cloud client is using IDR and intends to ask suppliers to submit a valid
supplier number within parentheses as a prefix in email subject lines to
improve supplier recognition accuracy.
What is the order of precedence for supplier detection when using IDR?
A. 1. Supplier number detected in email subject > 2. PO number (detected
on invoice) > 3. Supplier detention other (matched on supplier name,
address, and other attributes)
B. 1. PO Number (detected on invoice) > 2. Supplier number detected in
email subject › 3. Supplier detention other (matched on supplier name,
address, and other attributes)
C. 1. Supplier detention other (matched on supplier name, address, and other
 attributes) > 2. PO number (detected on invoice) > 3. Supplier number
detected in email subject
Answer: B

2. The cloud customer wants to use the Evaluate Duplicate invoice hold during
invoice validation. What setup should you complete to achieve this
requirement?
A. Create a user-defined lookup in Promotions.
B. Opt in to the feature via Functional Setup Manager.
C. Switch on the option in Manage Invoice options.
Answer: C

3. You participated as a functional consultant in the implementation of Oracle

Procurement as well as Payables for customer ABC Consulting. A Payables
Analyst has logged a ticket stating that the "Create Supplier” is not showing
up in the Supplier work area. You checked the related settings and found that
the Payables Analyst user account has been defined as a Procurement Agent.
Why was the Payable Analyst NOT able to see the "Create Supplier" task in
the Supplier work area?
 A. The analyst was not given the Supplier Administrator role.
B. The analyst was not given the Procurement Administrator role.
C. The analyst was not given the Supplier Manager role.
D. The analyst was not given the Procurement Requester role.
Answer: C

4. You need to issue an off-cycle, single payment for a supplier before the next
scheduled payment run. The invoice you need to pay has been uploaded in
the system yet it is not available for selection in the C Payment page.
Select two potential reasons for this:
A. The invoice is not accounted.
B. The invoice is not yet due.
C. The payment supplier site you selected is different from the supplier site
on the invoice.
D. The invoice is not validated.
Answer: CD

5. You are a consultant for a mid-sized company. They have asked you to
identify Cash Management reports that can be used to gain a better
understanding of the company's cash position. You found four ke
reports.
Report
i. Cash to General Ledger Reconciliation Report
ii. Bank Statement Report
iii. Cash in Transit Report
iv. Bank Statement Analysis Report
Description
A. Lists all transactions for a specific bank account, that have been remitted
to the bank but have not been cleared – CASH IN TRASNIT
B. Displays the bank statements that are used to analyze balances and
transaction details -BANK ANALYSIS
C. Displays balance and transaction information for specific bank statements
– BANK STMT
D. Lists bank statement transactions that are accounted in GL but are not
reconciled in Cash Management -CASH TO GL
Which option correctly matches each report with its description?
Answer: i – D, ii – C, iii – A, iv – B.

6. As an Expenses Administrator, you can control which Expense values you do

not want to automatically populate on the Create Expense Item page. You
have therefore created the profile option EXM_DFLT_FROM_PREV_EXPENSE at
the user level and set it to N (No).
Which three values will no longer populate from a previous expense item
when a user enters a new expense item?
 A. Template
B. Expense Location
C. Project and Task Number
D. Currency
E. Date
Answer: A, B, C.

7. In the implementation project you are leading, the customer has a

requirement to add new transactional attributes to the Expense Approver
Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or
customize) and edit?
A. The Output types
B. The Data Model
C. The layout template
D. The Original Source
Answer: B, C

8. While processing an expense report, the system placed a payment hold on

the expense report.
What are the two ways to release payment holds?
A. Expenses automatically releases holds when receipts are received or
waived.
B. The employee can manually release the hold from the notification.
C. Payables Manager can release payment holds in Payables.
 D. The expense auditor can manually release the payment hold in a
discretionary manner.
E. The employee's supervisor can manually release the hold from the
notification.
Answer: A, D

9. You are an Expenses Manager at a large company and need to address

complaints from your corporate card provider of delayed transaction
payments incurred by former employees that are now intact To ensure timely
and efficient processing of valid business charges posted to an inactive
employee's corporate credit card, you can run the following two processes:
Upload Corporate Card Transaction and process Corporate Card Transactions
for Inactive Employees.
Which two are capabilities included in these processes?
A. Individual Pay Liability
B. Outstanding Cash Advances
C. Grace Period
D. Employee Termination Date
Answer: A, D

10.Your company asks you to build new Payables reports. You will be using
Oracle Transactional Business Intelligence (OTBI) and deep links.
Deep links allow you to directly drill down from OTBI reports to purchase
orders and view the related purchase order details.
Which three predefined job roles allow you to use this drill-down feature?
A. Accounts Payable Manager
B. Accounts Payable Analyst
C. Accounts Payable Specialist
D. Account Payable Invoice Supervisor
E. Accounts Payable Agent
Answer: ACD

11.Which three options are available to filter data when you submit the Prepare
Payables to Ledger Reconciliation Report?
A. Natural Account
B. Primary Ledger
C. Business Unit
D. Balancing Segment Value
E. Supplier
F. Accounting Period
Answer: A, C,D,

12.You're a Payables supervisor and your team has been struggling to keep up
with the high volume of incomplete invoices coming through the Oracle Cloud
Supplier Portal, causing delays in timely pe Payables supervisor, you have the
ability to identify and then cancel incomplete supplier portal invoices without
having to contact suppliers.
 Which two options are available for the Payables Supervisor to identify
incomplete supplier portal invoices for cancellation?
A. Query invoices on the Manage Invoices page
B. Query the Payables Invoice Register
C. Run the Period Close Exception Report
D. Run the Period Invoice Audit Report
Answer: A, C

13.Which three are valid reasons why you cannot close your Payables period?
A. Incomplete payment files
B. Unaccounted invoices and payments
C. Suppliers on payment holds
D. Unapplied prepayments
E. Bills payable requiring maturity
Answer: ABE

14.To improve the efficiency of Payables processing, the cloud client has set up
to use transaction account definitions to create missing account combinations
on invoice lines.
Which invoice type can use this account code generation?
A. Credit memos
B. Prepayments
C. Payment requests
Answer: A

15.Which reference data sharing method can you use for Payables Payment
Terms when working with reference data sets in Payables?
A. Assignment to multiple sets with common values allowed
B. Assignment to multiple sets; no common values allowed
C. Assignment to one set only; no common values allowed
Answer: B

16.You have been asked by the cloud customer to create some user-defined
account derivation rules for Payables invoices that were imported from lease
accounting.
Which two lease accounting source attributes are predefined and can be used
in rule creation?
A. Lease preparer
B. DFF values on the Asset tab
C. DFF values on the Schedule tab
D. ROU Flag value
E. Lease location
Answer: BD
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/24a/faipp/accounting-
configuration-for-lease-accounting-invoices.html
17.Your company will be utilizing the Campaign Management for Early Payment
Discount Offers feature to maximize early payment discounts. This feature
allows companies to send e-mail-based camp suppliers to enroll in an early
payment discounts program. There is a predefined list of response options
that suppliers can choose from, and such supplier responses are then
automatically processing the system.
Which two are predefined response options available to suppliers?
A. Enroll in a Standing Offer
B. Accept All Offers
C. Decline the Offer
D. Subscribe
Answer: AC

18.Adaptive Intelligence (Al), integrated with Oracle Payables Cloud, supports

sophisticated data science that drives the early payment discount offers.
Which of these is NOT a feature of early payment discounts?
A. The earlier the payment, the greater the discount.
B. Once enrolled, a supplier discount is set and applies to all payments
indefinitely, until supplier unsubscribes.
C. Eligible discounts decrease on a sliding scale based on the supplier's
discretion.
D. Variable annual percent rate (APR), based on "days paid early", is used to
determine the discount amount.
Answer: B

19.An installment meets all the selection criteria of a Payment Process Request,
but it still does not get selected for payment processing.
What are the two reasons for this?
A. The invoice has not been accounted.
 B. The pay-through date is in a closed Payables period.
C. The invoice requires approval.
D. The pay-through date is in a future period.
E. The invoice needs re-validation.
Answer: CE or BE

20.Your cloud customer wants to use Al to automate key processes in Payables.

You are tasked with setting up the required roles for Al apps.
When you create the user-defined AlAPPS_BIP_ROLE, which two role
hierarchies should you add?
A. BIPDataModelDeveloper
B. AIAPPS_Author
C. BlAuthor
D. BlIntegration
E. AIAPPS_Data_Model_Developer
Answer: A, C

https://docs.oracle.com/en/cloud/saas/financials/24d/facsf/create-the-
business-intelligence-user-and-role.html

21.In final user testing, users are attempting to understand what should happen
to the tax calculation on invoices matched to purchase orders that have a
one-time delivery location, e.g.. home addre of supply tax rules currently
defined for sales tax in the US business unit is ship-to; use bill-to if ship-to is
not found.
How should tax be calculated in this scenario?
A. Invoices matched to PO will use the ship-from address.
B. Invoices matched to PO will use the bill-to location address.
C. Invoices matched to PO will use the one-time delivered address.
Answer: C

https://docs.oracle.com/en/cloud/saas/financials/24d/fappp/tax-calculation-
for-po-matched-invoices-based-on-one-time-address.html
22.You have enabled Payment Approval for your payment process requests
(PPR).
At what stage of the PPR is the payment approval process automatically
triggered?
A. Create Payment Files
B. Review Installments
C. Build Payments
D. Review Proposed Payments
Answer: D

23.Which two invoice types can have a status of Incomplete?

A. Scanned Invoices which are rejected during import
B. Scanned Invoices with invalid or missing data
C. Supplier Portal Invoices which are saved but not yet submitted
D. Prepayment Invoices which are fully paid but not applied against any
invoice
Answer: B, C

24.You recently processed a payment for a vendor and later discovered that the
payment was made in error and needs to be voided. While voiding the
payment, you selected Cancel as the Invoice A performing the invoice
voiding, you notice that the invoice is not cancelled, instead it has an Invoice
Cancel hold applied to it.
What is the reason for this?
A. The invoice accounting date is not in the current open period.
B. The invoice date is not in the current open period.
C. The invoice has been partially paid by another payment.
D. The invoice is already on hold.
Answer: C
25.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.
What will happen if a user creates an invoice for $1000 and routes it for
approval?
A. Invoice will be auto approved.
B. The workflow will fail once approval is initiated, and the invoice will not get
processed.
C. Invoice will be sent to User 1 for approval.
D. The initiate option is greyed out for the invoice.
Answer: B

Set 2 New Questions

1. As a new Payables Administrator, you can now increment the maturity
data parameter of the Update Mature Bills Payable Status process.
Which two schedules can you now select for this ESS process?
A. Half a year
B. Hourly
C. Weekly
D. Bi-weekly
E. Bi-monthly
Answer: BC
2. The cloud client is to use J.P. Morgan corporate cards to process employee
expenses. What is the initial status of these expenses?
A. Final Charge Posted
B. Ready for Submission
C. Pending Final Charge
Answer: C
3. While processing an expense report, the system placed a payment hold on
the expense report.
What are the two ways to release payment holds?
A. The employee can manually release the hold from the notification.
B. The expense auditor can manually release the payment hold in a
discretionary manner.
C. Payables Manager can release payment holds in Payables.
D. The employee's supervisor can manually release the hold from the
notification.
E. Expenses automatically releases holds when receipts are received or
waived.
Answer: BE

4. While creating the setup for employee bank accounts, you have the profile
option CE_USE_EXISTING_BANK_BRANCH set to Yes.
What can the users now search for by default?
A. Bank Branch only
B. Bank Branch identifier
C. Bank and Bank Branch
Answer: C
5. You are an Oracle Payables Consultant, and your client wants to leverage
the subledger accounting application to create subledger journal entries
for Payables.
Some of the reporting requirements are scenario based. Which three
subledger accounting components can have Conditions in the rules?
A. Subledger Entry Rule
B. Description Rule
 C. Supporting References
D. Journal Entry Rule Set
E. Journal Line Rule
F. Account Rule
Answer: CDE

1. You assisted a customer with implementing the Oracle Intelligent Document

Recognition (IDR) solution which extracts invoice information from emailed
documents to create invoices and imports them into Payables. To track the accuracy
of the invoice line recognition for the invoices processed by IDR, you introduce them
to the Invoice Documents Recognition Rate Report.
What is one of the formats in which this report is available?

 Invoice Transaction Details

 Invoice Accuracy Details
 Invoice Line Summary

Answer: C

2. As a new Payables Administrator, you can now increment the maturity data
parameter of the Update Mature Bills Payable Status process.

Which two schedules can you now select for this ESS process?

 Hourly
 Bi-monthly
 Weekly
 Half a year
 Bi-weekly

AC

3. You are a Procurement agent and have engaged a new supplier, called ABC
Supplier. You created a record for ABC Supplier and associated the supplier record
with the US Procurement business unit.
However, your Accounts Payable department has advised that they cannot find ABC
Supplier when trying to enter invoices.

What could be the reason for this?

 The payment method has not been specified for the supplier.
 The site is not marked as Primary Pay.
 Invoice Controls have not been specified for the supplier.
 There are no active site assignments for the supplier.

4. You recently processed a payment for a vendor and later discovered that the
payment was made in error and needs to be voided. While voiding the payment,
you selected Cancel as the Invoice Action.
After performing the invoice voiding, you notice that the invoice is not cancelled,
instead it has an Invoice Cancel hold applied to it.
What is the reason for this?
 The invoice is already on hold
 The invoice has been partially paid by another payment.
 The invoice date is not in the current open period
 The invoice accounting date is not in the current open period

5. Which three types of transactions does the Bank Statement Transaction Creation
program create?
 Supplier payments
 Fees
 Bank charges
 Lockbox receipts
 Bank interest
 Bank account transfers
 BCE

6. During your business trip to the UK, you took a taxi ride and paid for it by using
your personal Visa credit card. While entering your expenses, you get a warning
that a different conversion rate was applied to the taxi expense by Visa than the
one used by your company.

How do you handle this situation?

Do not enter the taxi expense and call your Finance Department so that they
can make changes in the conversion rate settings and you do not violate the
allowable limit.
 Overwrite the conversion rate with the one Visa provided and enter a
justification that Visa used a 88 different conversion rate.
 Use the corporate-defined conversion rate even if it means you will not be
reimbursed fully.
 Call Visa to address the issue and tell them to make adjustments to their
conversion rate. Then, wait to get a revised statement.

7. Your company requests you to establish Expense delegates to assist with the
management of expenses. Expense delegates will receive a digest notification for
each employee they are a delegate for and can then take quick action to identify
and fix pending expense items, including outstanding corporate card charges.
After you set up digest notifications, which corporate card charge statuses are
included in the outstanding expense reports?
 Only Withdrawn
 Only Rejected
 Saved, Withdrawn, Rejected, or Returned
 Submitted and Saved

C
8. During an internal audit of the expense reimbursement process, you observe a
discrepancy where refunds from employees are being applied against positive
payment requests. Yet, your customer wants to keep employee refunds separate
from positive payment requests.
How will you achieve this?
 Set a specific Pay Group in Expenses System Options.
 Set a specific Pay Group in Disbursement System Options.
 Set a specific Pay Group in Payables Invoice Options.
A

9. As the Expense-to-Pay Strategic Process Owner for your company, you need to
ensure certain controls are set in the system. For example, to help prevent
overpayment to card issuers, you want to exclude specific adjustment codes that
indicate payments from MasterCard transaction files.
To achieve this, you need to use the ORA_EXM_MC_EXCLUDE_ADJUSTMENTS lookup
type to define the specific adjustment codes that should be excluded when
processing credit card transaction files from MasterCard.
What happens to the upload process if you do NOT specify any adjustment codes in
the
ORA_EXM_MC_EXCLUDE_ADJUSTMENTS lookup type?
 It automatically includes all payment adjustment transactions.
 It fails and will not complete.
 It automatically excludes all payment adjustment transactions.

C
10. You are tasked with creating an OTBI analysis to help reconcile Payables
balances against General Ledger. The analysis must show both posted invoices and
payments.

Which subject area must be selected to create this analysis?

 Payables Invoices - Transactions Real Time
 Payables Invoices - Trial Balance Real Time
 Payables Payments - Disbursements Real Time

B
11. 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?
 You did not specify the range of liability accounts to include in the extract.
 You did not select the business units associated to the UK Ledger.
 The reconciliation flag has not been enabled for your liability accounts.
 The financial category of Accounts Payable is not assigned to the liability
accounts.

12. Which three are reports that can help reconcile Payables activity for the period?
 Payables Posted Payment Register
 Payables Posted Invoice Register
 Payables Cash Requirement Report
 Payables Matching Hold Detail Report
 Payables Trial Balance Report

ABE

13. What does the Place of Supply rule value "Bill to Party" imply in an Oracle
Payables Invoice?
 Location assigned to the Legal Entity Reporting Unit for the transactions
 Location assigned to the Business Unit for the transactions
 Location assigned to the Legal Entity for the transactions
 A

14. Your client wants to ensure that the payments they are sending to their financial
institution are valid and formatted correctly. They would like to identify any
validation failures as early in the process as possible.
Where would you suggest the validations are set?
 Payment Terms
 Supplier Site
 Payment Method
 Disbursement Bank Account

15. Which statement is false about configuring a business unit? (can also ask which
st is true.- then option 1 ans)

 It can process transactions on behalf of one or many legal entities - true

 It can process transactions on behalf of many primary ledgers - false
 It is assigned to a primary ledger and default legal entity - true

16. You have been asked by the cloud customer to create some user-defined
account derivation rules for Payables invoices that were imported from lease
accounting.
Which two lease accounting source attributes are predefined and can be used in
rule creation?
 Lease location
 DFF values on the Asset tab
 ROU Flag value
 Lease preparer
 DFF values on the Schedule tab

BC

17. Configurable Payables Workflow notifications use Oracle Business Intelligence

templates to generate the email and in-app notifications.
Which two Payables in-app notifications allow entering distribution via the Action
button?
 Matching Approval
 Invoice Account Coding
 Payment Approval
 Invoice Approval

BD
18. Working as a Payables Specialist, you have received an email from your
supervisor asking for assistance in identifying Self-Billed invoices.

Based on the list below, which two are classified as Self-Billed invoices? Two more
options
 Evaluated Receipt Settlement (ERS) Invoices
 Customer Refunds initiated from Receivables
 Debit Memos created by the Return to Supplier feature
 Invoices created using Integrated Imaging
 Expense Reports transferred from Expenses

 Invoices that create consumption advice process for the consignment

agreement that enable the pay on use option
 Advance shipment Billing Notices which are sent from supplier for drop
shipment

AC

19. Adaptive Intelligence (Al), integrated with Oracle Payables Cloud, supports
sophisticated data science that drives the early payment discount offers.

Which of these is NOT a feature of early payment discounts?

 The earlier the payment, the greater the discount.

  Eligible discounts decrease on a sliding scale based on the supplier's
discretion.
 Variable annual percent rate (APR), based on
 Once enrolled, a supplier discount is set and applies to all payments
indefinitely, until supplier unsubscribes.
B

20. Which data is visible to a Payables user in the Payables to General Ledger
Reconciliation report?

 Data for authorized business units only; no GL data is visible

 Data for authorized business units and GL data for all balancing segments in
the ledger (unless restricted)
 Data for all business units and all balancing segments in the ledger
 Data for all business units and one balancing segment in the ledger
B

21. Your cloud customer wants to use Al to automate key processes in Payables. You
are tasked with setting up the required roles for Al apps.
When you create the user-defined AlAPPS_BIP_ROLE, which two role hierarchies
should you add?
 AIAPPS_ Author
 BlAuthor
 BI_Integration
 AIAPPS_Data_Model_Developer
 BIPDataModelDeveloper

BE

22. As an Oracle Financials Cloud Consultant, you are familiarizing yourself with the
new features in Adaptive Learning using IDR. You recently learned about Adaptive
Learning for Invoice Lines where the interactive invoice viewer can be used to make
corrections to certain invoice line-level attributes.
Which are the three line-level attributes where the interactive invoice viewer can be
used to make corrections?
 Invoice Number
 Invoice Date
 Invoice Requestor
 Line Amount
 Supplier
  Description
 Quantity

DFG

23. As a Workflow Administrator, you are responsible for configuring invoice

approval rules that align with your company's invoice approval policy and controls.
There are certain Purchase Order additional attributes you can use to configure
invoice approval rules and route workflow notifications to approvers.
Which item is NOT a purchase order additional attribute that workflow
administrators can use when configuring invoice approval workflow rules?
 Purchase Order Creation Date
 PO Matched Amount
 Match Approval Level

C
24. Accounting has been created in Final mode for an invoice payment. Upon
reviewing the accounting, you realize that the cost center appearing on the
payment is incorrect.
What feature is available to correct the accounting entry at subledger level without
canceling the invoice?
 Post the adjustment GL journal entry in General Ledger.
 Use the Sweep feature to sweep the affected transaction to the next period.
 Use the Account Override feature.
C

25. You have been managing the Procure-to-Pay process related to a construction
project for one of your customers and utilizing the retainage feature to ensure that a
certain percentage of payment is held back until the project is completed, and all
requirements are met according to the contract.
A portion of the work has been completed and retainage release invoices need to be
issued. Which two are matching windows that can be used to create retainage
release invoices?
 Retainage Release by Invoice Amount
 Retainage Release by Invoices lines
 Retainage Release by Due Date
 Retainage Release by PO Schedule

BD
Praneeth New Questions
- During Manual invoice entry, withholding tax defaults from?
Ship to location
Third party
Site assignments
- Trying to pay in full for a PO, but cannot fetch PO details. Reasons?
- partially applied to another invoice
- Supplier or PO is setup for self billing
- PO is setup for 3 way matching
- PO is setup for 4 way matching
- Which below 2 statements are correct for IDR
- Customer scan and attach image during invoice entry
- Customer scan and send the email
- Customer asks supplier to send electronic invoice
- Customer asks supplier to scan and email invoice