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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

A) The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
B) The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
C) The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
D) The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.

2. You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.
What is the resulting payment amount made to the employee for these expenses?

A) 201
B) 949
C) 500
D) 1449

3. Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

A) Invoice Number
B) PO Number
C) Payment Method
D) Invoice Date
E) Terms Date

4. The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)

A) Setup Determining Factor and Condition Sets
B) Setup a new status
C) Setup a new tax rate
D) Setup a new tax rule
E) Setup a new recovery rate
F) Setup a new tax

5. What are the two advantages of using a spreadsheet for correcting invoice import errors?

A) identification of errors with clear error messages at the invoice header and line levels
B) identification of errors with clear error messages at the invoice header level only
C) ability to enter a high volume of invoices via a spreadsheet
D) ability to correct errors within the spreadsheet and send invoice corrections for approval
E) ability to correct errors and re-import invoices directly from a spreadsheet

Solutions: