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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions (Q122-Q127):

NEW QUESTION # 122
When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?

A. Assignment to multiple sets with common values allowed
B. Assignment to one set only with common values
C. Assignment to one set only; no common values allowed
D. Assignment to multiple sets; no common values allowed

Answer: A

Explanation:
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method.

NEW QUESTION # 123
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.

A. A payment that has already cleared the bank.
B. A payment that has been accounted and posted to General Ledger.
C. A payment that pays a prepayment that has been applied to an invoice.
D. A payment for an invoice with an associated Withholding Tax invoice.
E. A payment with the status of Issued.

Answer: B,E

Explanation:
A: You can't: Void a payment for aprepayment that's applied. You must first unapply the prepayment, then void the payment.
D: If the payment is cleared in cash management then it has to be uncleared first before you can void the payment.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

NEW QUESTION # 124
You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

A. Stop initiated
B. Canceled
C. Cleared
D. Voided
E. Available
F. Negotiable

Answer: F

Explanation:
To release a stop on a payment:
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt04.htm

NEW QUESTION # 125
What is the name of the Work Area that is used to access Functional Setup Manager?

A. Customization Manager
B. Functional Setup Manager
C. Functional Work Area
D. Customize Setup and Maintenance
E. Setup and Maintenance

Answer: A

Explanation:
All Oracle Functional Setup Manager functionality is available from the Setup and Maintenance work area.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm

NEW QUESTION # 126
Which two tools can you use to build layouts for BI Publisher reports?

A. Template Builder for Word
B. Report Developer
C. Layout Editor
D. BI Composer
E. BI Answers

Answer: B,E

Explanation:
Oracle BI Publisher report development requires specialist developer resources to build / modify the XML layout designs.
layout editor - Helps you to easily create report layouts directly in a web browser or with familiar desktop tools, such as Microsoft Word, Microsoft Excel, or Adobe Acrobat.

NEW QUESTION # 127
......

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