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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions (Q122-Q127):

NEW QUESTION # 122
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

  • A. allow you to assign multiple business units to users in a shared service center
  • B. allow you to secure data by business unit
  • C. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
  • D. allow you to maintain sets of related data in a Data Dictionary

Answer: C

Explanation:
Reference Data Sets
You begin this part of your implementation by creating and assigning reference data to sets. Make changes carefully as changes to a particular set affect all business units or application components using that set. You can assign a separate set to each business unit for the typeofobject that is being shared. For example, assign separate sets for payment terms, transaction types, and sales methods to your business units.
Your enterprise can determine that certain aspects of your corporate policy can affect all business units. The remaining aspects are at the discretion of the business unit manager to implement. This allows your enterprise to balance autonomy and control for each business unit. For example, your enterprise holds business unit managers accountable for their profitand loss, but manages working capital requirements at a corporate level. In such a case, you can let managers define their own sales methods, but define payment terms centrally. In this example:
Each business unit has its own reference data set for salesmethods.
One central reference data set for payment terms is assigned to all business units.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL94314


NEW QUESTION # 123
How will system evaluate the tolerances for expense reports?

  • A. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
  • B. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
  • C. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
  • D. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
  • E. System will use absolute amount tolerance setup to do validations.

Answer: D

Explanation:
Error: A percentage is used to calculate an error. The error tolerance amount is calculated as follows:
Policy Rate * (1+Error Tolerance/100)
References:https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIEX/F1456644AN125F2.htm


NEW QUESTION # 124
Your company policy requires imaged receipts for expense reports.
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. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
  • C. An expense report may require original, imaged, or both types of receipts.
  • D. Receipts are not required if the expense item falls within Per Diem Rates.

Answer: C,D


NEW QUESTION # 125
Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this?

  • A. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
  • B. Set the General Ledger Journal Entry Summarization option to Group by general ledger period
  • C. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
  • D. Set the General Ledger Journal Entry Summarization option to Group by general ledger date

Answer: A,C


NEW QUESTION # 126
Which is the Payables tool based on real-time data?

  • A. Oracle Transactional Business Intelligence (OTBI)
  • B. Smart View
  • C. Oracle Financial Reporting (FR)
  • D. Essbase Cube
  • E. Oracle Business Intelligence Applications (OBIA)

Answer: E

Explanation:
Oracle Transactional Business Intelligence (OTBI) provides real-time insight into HCM business processes. Traditional ad-hoc reporting tools require a user to have an understanding of the data objects in the database.
References:http://www.oracle.com/us/products/applications/fusion/hcm-oracle-transactional-bi-ds-2187697.pdf


NEW QUESTION # 127
......

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