1Z0-212 - Oracle Payables 11i Fundamentals

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Example Questions

Why would you use the clearing payment method? Company A wants to use Oracle Internet Expenses, and wants to set up expense report templates for that purpose. Which three statements are true about the setup of the expense report templates? (Choose three.) In the accrual process for Perpetual Accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.) Which three types of invoice can be entered ONLY in the Invoice Workbench, and CANNOT be in the Invoice Gateway? (Choose three.) At 's site, under payables options, the transfer to GL option has been set to summarize by accounting period. The period end close processes for accounts parable have run and the payables journals (Purchase invoices and payments) have been created and posted in General Ledger. Which statement is true? XYZ Inc. uses Oracle Purchasing and Payables only. the company would like to know the Financial Options that it should set up to provide defaults. Which three options would you recommend? (Choose three.) Which three statements are true regarding internal bank accounts? (Choose three.) wants to provide transparency in its Accounts Payable (AP) operations to its counterparts within the purchasing, Fixed Assets and General Ledger departments. Several complaints have surfaced regarding issues with IP process times and help up payments. The AP department must strictly adhere to accounting regulations about segregating job functions while trying to meet this requirement. Which task should be performed to make this possible? Your client is concerned about having problems with transaction processing related to the autonumbering of suppliers and invoices, but not payments. The client has a requirement that all three items must be numbered according to a standard format that it will devise. An outside contractor assigned to the project plans to use document sequencing when configuring the system to meet this requirement. What would be the result? Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choose two.) Which three statements are true regarding the setting up of a bank? (Choose three.) At 's site, under payables options the transfer to GL option has been set to summarize to Accounting period. The period end close processes for Accounts Payable have run and the Payables journals (Purchase Invoices and Payments ) have been created and posted in General Ledger. Which statement is true? Which three statements are true regarding voucher numbers and document sequences? (Choose three.) What are the three options available for the parameter 'Transfer to GL Interface' when running the request 'Payables Transfer to General Ledger'? (Choose three.) uses Oracle Purchasing and Payables only. The company would like to know the Financial Options that it should set up it to provide defaults. Which three options would you recommend? (Choose three.) Values in the Control options tab at the site level of a supplier default from the _____. In standard Ap, you can enable autonmbering for ___________ through the financial options form. The bank account in the Payment Batches and Payments window defaults from _____. Which two statements are true about defining payment documents? (Choose two.) Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Which Oracle Payables interface can be used to accomplish this? Your European operations accrue all the expenses items on receipt (perpetual accrual) without any exceptions. Which statement is true about the period close for payables and purchasing? In the accrual process for Period End Accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.) Which three programs submit their own reports, without any user intervention? (Choose three.) Multiple Reporting Currencies (MRC) has been enabled for your client Company A. Which method would you recommended to your client for transferring accounting entries to GL using the payables transfer to GL process? The transaction Sweep Report generated as part of the payables close process shows some payments. What are the possible reasons? (Choose all that apply.) uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting and retiring. After assets are purchased and the invoice is entered and accounted for the company runs the Mass Additions Create process to send assets to Fixed assets. When the purchase order is written, which account should be specified on the purchase order distribution for the charge account? The bank account in the Payment Batches and Payments window defaults from _____________. ABC Inc. has found that one of its suppliers needs to be enabled as a 1099 vendor, which is a tax-related designation for self-employed contractors. But for this supplier invoices have already been entered and paid. Which two steps should the company take to ensure accurate tax reporting? (Choose two.) You are working on a multiorganization Accounts Payable implementation with several payable entities. Your client will not set up supplier bank accounts, and will use payment batch, quick payments and manual payments. Which payment methods can your client use? (Choose all that apply.) You are working on a multiorganization accounts payable implementation with several payable entities. You client will not set up supplier bank accounts and will use payment batch, quick payments and manual payments. Which payment methods can your client use? (Choose that all apply) Which options can be set at the supplier site level? (Choose all that apply.) Which two methods would you recommend for preventing the creation of duplicate suppliers? (Choose two.) With which three modules does Oracle Payables have two-way integration? (Choose three.) Which three types of invoices can be automatically generated (without any manual intervention), if the appropriate setup steps have been performed? (Choose three.) Which three reports can be used for identifying duplicate suppliers? (Choose three.) Which statement is true about invoices? To process a payment you must complete __________. What are three prerequisites for interfacing payables invoice lines with Assets? (Choose three.) You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside of the system, but your client does not want to manually record them because that would be too time consuming. What would be the best solution? ABC Corporation has closed its APR-XX accounting period. The APR-XX period started on 27-MAR-20XX and ended on 26-APR-20XX. It has run the Posted Invoice Register, the Posted Payments Register, and two Accounts Payable Trial Balance reports (as of 30-MAR-20XX and 30-APR-20XX). Unfortunately, the accounts do not balance. Which two actions should be taken? (Choose two.) Which four interface tables are available in Oracle Payables? (Choose four.) Which four lookups can be added with additional values at the time of implementation and also after implementation? (Choose four.) would like to spread the charge across more than 50 accounts for a specific supplier whenever an invoice is entered for the supplier. This list of accounts does not change much over time. Which option requiring minimal ongoing maintenance would you recommend? At the site, Cash Management is installed along with Oracle Payables. The payables option for payment accounting is set to account for a payment both on issue and clearing. The cash clearing accounts and cash accounts are different. What accounting happens when a payment is issued? A prepayment with invoice number as PREPAY/1 exists in Payables for an amount of 1000 USD and has a status of Available. An expense report has been created in the Expense Reports Window and the prepayment of 1000 USD is fully applied against the expense report. The Expense Report Import program has not been run. What is the status of the PREPAY/1 prepayment in Payables? When setting up financials and Payables options, which two options can only be defined if you have Multi-Org enabled? (Choose two.) Which two events take place when an invoice is matched to a purchase order (PO)? (Choose two.) At which four times can the Create Accounting process be run? (Choose four.) Where is the Expense AP Accrual Account used in the Period End Accrual process default from? has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-oracle) application that it uses to enter employee expense reports. wants to interface the expense reports created in the third party application to Oracle Payables as invoices and pay these invoices out of Oracle payables. Which Oracle interface can be used to accomplish this?