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NEW QUESTION 62
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
- A. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
- B. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
- C. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
- D. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% *
10,000-5000).
Answer: C
Explanation:
Explanation
When you apply a prepayment to an invoice, the tax rate at the time of prepayment may differ from the tax rate at the time that the prepayment is applied to an invoice. Oracle Fusion Tax considers the tax calculated on the prepayment according to the value assigned to the Applied Amount Handling option in the tax record. The values are Recalculated and Prorated.
For example, you apply a prepayment amount of 5,000 USD to an invoice with a total amount of10,000 USD.
At the time of prepayment, the applicable tax rate was 5% (250 USD tax on the prepayment); at the time of invoice creation, the applicable tax rate is 10%. Tax is calculated in this way:
* Recalculated: The tax is recalculated on the prepayment using the invoice tax rate and the same tax rate is applied to the invoice line amount. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. In the invoice example, the calculationcreates an invoice line amount tax line of 1,000 USD (10% * 10,000 USD) and a prepayment tax line of -500 USD (10% * -5000 USD). This reverses tax calculated on the invoice for the prepayment amount applied. The tax calculated on the prepayment is retained.
* Prorated:Etc.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006655AN242EE.htm
NEW QUESTION 63
What is the recommendation when setting up Reconciliation Rule Sets?
- A. One to One rules should be sequenced below rules of other types.
- B. One to One rules should be sequenced above rules of other types.
- C. Many to Many rules should always be used last in the sequence.
- D. Many to Many rules should always be used first in the sequence.
Answer: B
NEW QUESTION 64
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 as the owner of each business unit.
- B. Use segment valuesecurity rules to secure access to business units.
- C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
- D. Assign the Expense Auditor job roles to each auditor.
Answer: C
Explanation:
Explanation
You can enable expense auditors to audit expense reports for specific business units by assigning them specific expense auditor data roles for the business units. For example, to allow an expense auditor toaudit expense reports for the Vision Operations and Vision Services business units, assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles, respectively, to the expense auditor.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.ht
NEW QUESTION 65
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import the custom roles from Oracle Identity Manager.
- B. You can export and import selected business units.
- C. You can export and import the approval rules from the approval management engine.
- D. You can export and import selected business object services.
- E. You can export and import the allocation rules from the allocation manager.
Answer: A,D
NEW QUESTION 66
Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units.
What setup is required to achieve this?
- A. Business Unit Security
- B. a Self-Service Service Provider Model
- C. a Dedicated Service Provider model
- D. a Dedicated and Self-Service Service Provider Model
Answer: A
NEW QUESTION 67
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)
- A. Pay Group Lookup Code
- B. Business Unit Name
- C. Requester Name
- D. Statistical Amount
- E. Accounting Date
Answer: A,B,E
NEW QUESTION 68
Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
- A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
- B. Receipts are not required if the expense item falls within Per Diem Rates.
- C. An expense report may require original, imaged, or both types of receipts.
- D. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
Answer: A,C
NEW QUESTION 69
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)
- A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
- B. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
- C. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
- D. Schedule create accounting for the intercompany process.
- E. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
- F. Manual Approvals should be allowed for the transaction type.
Answer: B,C
Explanation:
Explanation
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm
NEW QUESTION 70
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 Invoice Options 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 Common Options for Payables and Procurement page for the business unit.
Answer: A
NEW QUESTION 71
You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?
- A. Make sure you can query the user from the Manage Users page and verify the roles assigned.
- B. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
- C. Make sure you ran the Retrieve Latest LDAP Changes program.
- D. Make sure the user logs out and logs back in.
Answer: C
Explanation:
Explanation
Oracle Identity Management maintains Lightweight Directory Access Protocol (LDAP) user accounts for users of Oracle Fusion Applications. Oracle Identity Management also stores the definitions of abstract, job, and data roles, and holds information about roles provisioned to users.
Most changes to user and role information are shared automatically by Oracle Applications Cloud and Oracle Identity Management. No action is necessary to make this exchange of information happen.
However, you must run the processes Send Pending LDAP Requests and Retrieve Latest LDAP Changes to manage some types of information exchange between Oracle Applications Cloud and Oracle Identity Management.
References:https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1345802.htm
NEW QUESTION 72
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this? (Choose two.)
- A. Define the Disbursement Bank Account to the Payment Method in payment default rules.
- B. Define the Disbursement Bank Account to every supplier.
- C. Create a Payment Process Request template that includes the Disbursement Bank Account.
- D. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- E. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
Answer: C,E
Explanation:
Explanation
D: You can assign thedisbursement bank account and the payment process profile to all documents payable in the payment process request during the Submit Payment Process Request process. If you use a payment process request template, a disbursement bank account and a payment process profile default from the template.
DE:The following options affect payment processing:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION 73
An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.
- A. The invoice has not been accounted.
- B. The pay-through date is in a closed Payables period.
- C. The pay-through date is in a future period.
- D. The installment was manually removed.
- E. The invoices need revalidation.
Answer: B,E
Explanation:
Explanation
An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons.
You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page.
The reasons are as follows:
References:https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
NEW QUESTION 74
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
- A. Terms Date
- B. PO Number
- C. Invoice Date
- D. Invoice Number
- E. Payment Method
Answer: B,C,D
NEW QUESTION 75
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
- A. Define a user validation at the formatprogram to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired. - B. Modify your template to hard code the value "Domestic" for the pay group position.
- C. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", and value "Domestic". - D. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value
- not applicable.
Answer: C
Explanation:
Explanation
User-Defined Validation That Checks a Specific Condition and Value
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1469799AN17B6B.htm
NEW QUESTION 76
What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?
- A. Location assigned to the Business Unit for the transactions
- B. Location assigned to the Legal Entity for the transactions
- C. Location assigned to the Supplier Party Site for the transactions
- D. Location assigned to the Legal Entity Reporting Unit for the transactions
Answer: D
Explanation:
Explanation
The corresponding place of supply differs based on the type of transaction. For example, a place of supply of Ship to corresponds to the location of your first-party legal entity for Payables transactions. For Receivables transactions, Ship to corresponds to the location of your customer site.
NEW QUESTION 77
Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?
- A. Data for all business units and all balancing segments in the ledger
- B. Data for all business units and one balancing segment in the ledger
- C. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
- D. Data for authorized business units only; no GL data is visible
Answer: B
Explanation:
Explanation
Payables users can also see general ledger data for all balancing segment values in the ledger.
NEW QUESTION 78
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: A
NEW QUESTION 79
Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670.
Which Subledger Accounting option would you use to achieve this?
- A. Description Rule
- B. Transaction References
- C. Supporting References
- D. Event Class Settings
- E. Mapping Set
Answer: A
Explanation:
Explanation
If you're matching to a purchase order and don't enter a value, the import process uses the item description from the purchase order line.
NEW QUESTION 80
Which method can you use to route payment approval rules?
- A. Approval Groups
- B. Sequential
- C. Both Parallel and Sequential
- D. Parallel
- E. Serial and FYI (For Your Information)
Answer: B
NEW QUESTION 81
Which component is not included in the security architecture for credit card data and bank account data encryption?
- A. Oracle Wallet
- B. Supplier master encryption key
- C. Sensitive data encryption and storage
- D. Payments subkeys
- E. Payments master encryption key
Answer: B
NEW QUESTION 82
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
- B. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
- C. For period end accruals, the invoice accounting debits the expense 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: A,C
NEW QUESTION 83
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
- B. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
- D. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
Answer: D
NEW QUESTION 84
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