Which two are true for Payables Payment Terms? (Choose two.)
A. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.
B. You must assign the predefined payment term Immediate to the reference data set thatis assigned to the business unit before you can define common options for Payables and Procurement.
C. When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.
D. Each payment term can only be assigned to one reference data set.
Your client is concerned that all expense reports are getting automatically approved by the expenses system despite the setup of an Audit Selection Rule.
What is the reason for this?
A. The audit selection rule has not been assigned in thesystem options page
B. The audit selection rule has not been assigned to the legal entity
C. Auditing has not been enabled in the system options page
D. An expenses template and type rule has not been setup
E. The audit selection rule has not been assigned to the business unit
Which method can you use to route payment approval rules?
A. Approval Groups
B. Sequential
C. Both Parallel and Sequential
D. Parallel
E. Serialand FYI (For Your Information)
Youapplied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
A. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
B. The tax for the prepayment is recalculated to use the newinvoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * - 5000).
C. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * - 5000).
D. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
Which is the Payables tool based on real-time data?
A. Essbase Cube
B. Smart View
C. Oracle Transactional Business Intelligence (OTBI)
D. Oracle Business Intelligence Applications (OBIA)
E. Oracle Financial Reporting (FR)
A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.
Where does this Withholding Tax Classification Code default from?
A. From the Party Tax Profile of the Third Party Site
B. From the Manage Tax Reporting and Withholding Tax Options
C. From the Income Tax region of theSupplier
D. From the Site Assignments of the Supplier Site
When reviewing installments, what setup is required to override the supplier site on an invoice?
A. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
C. Allow payee to override for third-party payments while Manage Invoice options.
D. Allow the remit-to supplier override forthird-party payments at Manage Payment options.
You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page. Which two are possible reasons for this? (Choose two.)
A. Thepayment supplier site is different to the supplier site on the invoice.
B. The invoice is not yet due.
C. The invoice is not validated.
D. The payment method for the invoice is Electronic.
E. The invoice is not accounted.
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 20,2018, the same day of the next period.
B. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
D. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
Your customer matches their invoices to a purchase order and have noticed that the payment terms aredefaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?
A. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
B. Enter thepayment terms at the Supplier level so they default onto the invoice.
C. Enter the payment terms at the supplier site level so they default onto the invoice.
D. Manually override the payment terms that have defaulted from the purchase order for thosesuppliers.
E. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
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