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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.

A) Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
B) Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
C) Do not assign bank accounts to business units.
D) Business units must be granted access to the bank account.
E) Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.

2. You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

A) Not Validated
B) Validated
C) Imported
D) Needs Revalidation
E) Not Required

3. What two job roles are required to access information within Functional Setup Manager?

A) Any Functional User
B) Application Implementation Manager
C) Functional Setup Manager Superuser
D) IT Security Manager
E) Application Implementation Consultant

4. How will system evaluate the tolerances for expense reports?

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

5. You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The decision is to use this feature.
How do you enable the feature?

A) Set Enable Oracle Maps to yes in the expenses system options.
B) Set Enable Oracle Maps to yes in the expense report template.
C) Set Enable Oracle Maps to yes in the expense mileage policies.
D) Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.

Solutions: