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Q11. Which two statements are true if you select the QuickMatch invoice type? (Choose two.)
A. You can use QuickMatch to match individual distribution lines.
B. You can use QuickMatch to match individual purchase order shipments.
C. Payables automatically completes the match to all available shipments on the purchase order.
D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.
Q12. When you validate an invoice in Payables, E-Business Tax automatically performs four tasks. (Choose four.)
A. creates distributions
B. recalculates tax lines
C. allocates tax amounts
D. places tax-related holds on the invoice
E. updates imported invoices into Payables
Q13. Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)
A. AP liability account
B. accrual charge account
C. receiving accrual account
D. accrued Payables account
E. receiving inventory account
F. expense AP accrual account
G. inventory AP accrual account
Q14. You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?
1. Review proposed payments.
2. Print payments.
3. Create payment instructions.
4. Select and build proposed payments.
5. Mark payments as complete.
A. 4, 2, 1, 5, 3
B. 4, 1, 3, 2, 5
C. 2, 4, 1, 3, 5
D. 5, 4, 1, 2, 3
Q15. Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)
A. using a distribution set
B. creating through allocations
C. matching the invoice to a shipment
D. using the Distributions Open Interface
E. manually entering in the distributions window
Q16. Identify four functions of the Invoice Validation process. (Choose four.)
A. applying any required holds
B. releasing any qualifying holds
C. applying all prepayments and discounts
D. validating the General Ledger accounting information
E. validating and creating accounting entries for the invoice
F. ensuring that the total amount of all distributions equals the invoice total
G. creating an additional distribution for any difference between the total amount of all distributions and the invoice total
Q17. ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters by using the average balances. John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, John was not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)
A. Posting of the consolidation journals may have failed.
B. He forgot to add the prior periods consolidation in the current period.
C. Manual adjustment needed after every consolidation was not performed.
D. John may not have reversed the prior periods consolidation in the current period.
Q18. Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?
A. Whether you can do this depends on the formula.
B. You can customize the workflow and then do this.
C. Whether you can do this depends on the responsibility.
D. You can do this only if Allow Dynamic Insert is enabled.
E. You can do this only if there is a summary account associated with the parent.
Q19. ABC.com wants to create invoices for suppliers on the basis of purchase order (PO) receipts.
Which three steps should the company take in Payables? (Choose three.)
A. Enable Gapless numbering
B. Enable the invoice match option
C. Enable pay on receipt at site level
D. Submit the pay on Receipt Auto Invoice Program
Q20. Select two restrictions that apply to consolidating budget balances. (Choose two.)
A. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.
B. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.
C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.
D. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.
E. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.