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NEW QUESTION NO: 7
You have modified your tax setup and want to test the changes on actual Payables transaction. How do you validate before enabling for transaction?
A. by changing the tax status to test and then entering a payables invoice
B. by using Tax Simulator to test
C. by creating a payable invoice, and by validating and reviewing the tax application
D. Oracle Transactional Business Intelligence (OTBI)
E. by creating accounting in draft mode
Answer: B

NEW QUESTION NO: 8
You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?
A. Assign the Expense Auditor job roles to each auditor.
B. Assign the Expense Auditor as the owner of each business unit.
C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
D. Use segment value security rules to secure access to business units.
Answer: C
Explanation/Reference:
Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

NEW QUESTION NO: 9
Which statement is true about selecting a bank account on the Create Payment page?
A. LE on the bank account should be different from the LE on the invoice.
B. Bank account must match the supplier's bank account.
C. LE on the bank account should be equal to LE on the invoice.
D. Users can pick any bank account as long as the bank account is tied to the business unit.
E. There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
Answer: C

NEW QUESTION NO: 10
What is the difference between subject areas that append the word "Real Time" and those that do not?
A. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
B. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
C. There is no difference.
D. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
Answer: A

NEW QUESTION NO: 11
Which two statements are true about processing corporate card expenses?
A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
B. Usage policy for expense category tolerances does not apply to credit card expenses.
C. You can process payment for credit card using Electronic funds transfer, check, or wire.
D. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
E. Card transactions will be paid directly from Expenses Cloud.
Answer: B,D

NEW QUESTION NO: 12
An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts:
the first discount date is December 5, 2015 for $150 USD and the second discount date is December 20,
2015 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, 2015
- Pay Through Date = December 25, 2015
- 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 $50 USD (the second discount) is applied.
B. The installment is selected but no discount is applied because the payment date is after the discount dates.
C. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
D. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
E. The installment is not selected because the first discount date is before the Pay Through Date.
Answer: C

NEW QUESTION NO: 13
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?
A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
B. An expense report may require original, imaged, or both types or receipts.
C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
D. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: B,C
Explanation/Reference:
Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/
F1005004AN1204B.htm#F688791AN12A7A

NEW QUESTION NO: 14
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
A. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
B. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
C. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
D. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
Answer: B

NEW QUESTION NO: 15
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true?
A. The status of each payment in the payment file is Terminated.
B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
C. The status of the payment file is Cancelled.
D. The status of the payment file is Terminated.
E. The invoices are placed on payment hold.
Answer: A,D

NEW QUESTION NO: 16
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
Answer: B,C
Explanation/Reference:
Reference https://fusionhelp.oracle.com/helpPortal/topic/
TopicId_P_A87306EB5A7752DFE040D30A68817FB2

NEW QUESTION NO: 17
You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?
A. Run and submit your 1099s because it will automatically reflect any changes.
B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
C. Generate a 1096 form and submit it instead.
D. Manually enter the 1099s for the State and submit.
Answer: B