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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

A) values that are organized into parent-child relationships
B) data that provides a measure of something
C) information about a business object with values that are dates, Ids or text
D) data that is metric and can be added up or aggregated

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

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

3. While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?

A) You did not specify a default expense template.
B) Only cash transactions use those settings.
C) You did not define conversion rates in the General Ledger Cloud.
D) You did not define conversion rates for your business unit.

4. Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?

A) Copy and modify the existing template to alter the positions as requested by the bank.
B) Keep the payment process profile and leave the format programs unchanged.
C) Create a new template to make changes as requested by the bank.
D) Create a newpayment process profile and a new format program.
E) No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
F) Oracle Data Integrator or Golden Gate can be used to map the fields as required.

5. A company has three legal entities each with a corresponding business unit all within the same country. All organizations buy and sell the same products. You are configuring the tax setup.
What is the minimum number of Tax Regimes you need to configure for this company?

A) 1
B) 6
C) 3
D) 2

Solutions: