Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. An employee traveled to a different city on a business trip. During the course of travel, the employee used the corporate card provided by his company for both business and personal expenses.
Upon his return, the employee created an expense report. The company is processing the expense report as Both Pay Corporate Card Transactions.
What will the result be?

A) Only business expenses incurred using the corporate card will be reimbursed to the card Issuer.
B) Reimbursements will be made to the employee instead of the corporate card issuer.
C) All expenses incurred using a corporate card will be paid to the card Issuer.
D) Both business and personal expenses will be reimbursed to the employee.
E) Reimbursement will be made to the employee and the corporate card Issuer.

2. Which three business rules prevent a distribution from being reversed?

A) If it represents an interest invoice line
B) If it represents a prepayment application/unapplication
C) If it is PO/RCV matched
D) If it is already posted to a subledger
E) If it represents a variance (IPV or ERV)

3. Identify three benefits that a buyer company and supplier can receive from the Supplier Portal.

A) Suppliers can view their purchase order information.
B) Reduce human error and prevent unauthorized purchasing with an automatic approval process for unmatched invoices.
C) Suppliers can view and update their master information.
D) Expedite invoice processing and increase efficiency by allowing authorized suppliers to enter their invoices against approved purchase orders.
E) Enhance supplier relationship and reduce communication overhead by providing suppliers a quick view of invoice and related payments regardless of whether invoices were submitted online or processed manually.

4. Which three duty roles are granted to the Corporate Card Administrator?

A) Expense Export Duty
B) Corporate Card Transaction Review Duty
C) Corporate Card Transaction Management Duty
D) Corporate Card Issuer Payment Request Management Duty
E) Business Intelligence Applications Worker

5. A company has implemented the Supplier Portal. Select three correct statements regarding registration of a supplier in the Supplier Portal.

A) The buying company can NOT register users directly and can only initiate the process of adding new suppliers by inviting supplier users.
B) The buyer verifies the supplier information and sends an update on the registration request.
C) The buyer company sends an invitation to the Supplier requesting a registration with the system, which in turn, sends a notification to the supplier.
D) The User Administrator, after getting registered as a supplier, can NOT create new user accounts directly for his or her company's users.
E) The buying company initiates the process of adding new suppliers by inviting supplier users to register or by registering supplier users directly.

Solutions: