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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. During its first month end close, a company has an Invoice with a Hold status dated 15-Jan-2012.
Its accounting practice permits the transfer of unaccounted transactions from one period to another. What will happen if it runs the Payables Unaccounted transactions Sweep program?

A) The accounting date of the invoice will NOT change but the user can close the existing period
B) The accounting date of the invoice will change to the same day of the new period specified.
C) The accounting date of the Invoice will change to the same day of next period.
D) The accounting date of the invoice will change to the first day of the new period specified.
E) The accounting date- of the Invoice will change to the first day of next period.

2. Which three activities are performed by the Expense Auditor in the Auditing Work Area?

A) Reviewing and reprocessing expense reports
B) Initiating and monitoring reimbursement processing
C) Managing corporate expense policies and rules
D) Viewing payment requests created for employees and corporate card issuers
E) Managing daily upload of credit card data

3. A Payment Process Request is issued with a payment type of Manual.
Which two payment statuses will allow the manual payment to be voided?

A) Negotiable
B) Issued
C) Pending proposed payment review
D) Cleared
E) Payment file build

4. Identify three actions performed by the Payables department for iSupplier invoices.

A) creating Purchase Order matched invoices
B) creating accounting
C) Validating invoices
D) creating Non Purchase Order matched invoices
E) processing payments

5. Which three duty roles are granted to the Corporate Card Administrator?

A) Expense Export Duty
B) Business Intelligence Applications Worker
C) Corporate Card Transaction Review Duty
D) Corporate Card Transaction Management Duty
E) Corporate Card Issuer Payment Request Management Duty

Solutions:

Question # 1 Answer: D

Question # 2 Answer: A,B,D

Question # 3 Answer: A,C

Question # 4 Answer: B,C,E

Question # 5 Answer: B,D,E