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Oracle
E-Business Suite Financial Management
1z0-517
Oracle EBS R12.1 Payables Essentials Questions and Answers

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Viewing questions 21-30 out of questions

Questions # 21:

Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

Options:

secures user access to data

supports fixed asset management

procures from one Legal Entity and receives in another

supports multiple language installations of Oracle Applications

supports any number of business units within a single installation

Answer

A, C, E

Questions # 22:

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid.

Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.

Options:

Enter Payments

Invoice Overview

Invoice Distributions

Scheduled Payments

Answer

Questions # 23:

Which three are true regarding purchase order-matched invoices? (Choose three.)

Options:

You can set up controls in your system to require you to purchase order-match each invoice.

You can set up controls in your system to require you to invoice-match credit/debit memos that have been matched to a purchase order.

You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt.

You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are less than the amounts or quantities on the purchase order or receipt.

You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or quantities on the purchase order or receipt.

Answer

A, C, E

Questions # 24:

To transmit an electronic payment instruction manually, perform these four steps.

1. In the Payments Manager, select the Payment Instruction tab.

2. In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.

3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: page is displayed.

4. From the Action drop-down list, select Transmit and click the Go button.

Arrange the steps in the proper sequence they would be performed.

Options:

1, 3, 2, 4

1, 2, 3, 4

1, 3, 4, 2

2, 3, 4, 1

Answer

Questions # 25:

XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

Options:

It is not possible to add additional Operating Units.

Set the MO: Operating Unit profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.

Set the MO: Security Profile profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.

Create the Operating Unit, run the Replicate Seed Data concurrent request, create new responsibilities as necessary, and set up the MO: Default Operating Unit profile option.

Create the Operating Unit, run the Replicate Seed Data concurrent request, assign the Operating Unit to a security hierarchy, run Security List maintenance concurrent program,create new responsibilities as necessary, and set up the MO: Security Profile profile option.

Answer

Questions # 26:

Identify three true statements about the invoice approval workflow. (Choose three.)

Options:

If an approver rejects the invoice, the Workflow program ends.

If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.

If an approver does not respond within the time you specify, the Workflow requests approval from that person’s manager.

If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

If the invoice amount is chanaged after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.

Answer

A, C, D

Questions # 27:

Which three statements are true about modifying flexfield values? (Choose three.)