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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. Identify three predefined accounting event classes used by subledger Accounting.

A) Refunds
B) Third Party Merge
C) Payment Process Request
D) Expense Report
E) Bills Payable

2. In which two scenarios is the invoice line type Prepayment automatically generated?

A) a prepayment created with invoice type as Prepayment
B) a manually created invoice line with type as Prepayment
C) a prepayment is unapplied to the invoice
D) a prepayment applied to the invoice
E) at the time of validating a Prepayment Invoice

3. Which three accounting event types are predefined for the Accounting Event Class Prepayment Applications?

A) Prepayment Application Adjusted
B) Prepayment Adjusted
C) Prepayment Unapplied
D) Prepayment Validated
E) Prepayment Applied

4. Which three activities are performed in the Corporate Cards Work Area?

A) managing corporate card issuers
B) managing historical transactions
C) managing corporate card programs
D) managing outstanding transactions
E) managing usage policies
F) creating payment requests

5. In which two ways will an invoice be impacted when an inclusive prepayment is unapplied from it?

A) The invoice paid status changes from Partially Paid to Unpaid.
B) The invoice accounting status changes to Partially Accounted.
C) The invoice validation status changes to Needs Revalidation.
D) An installment is created for the prepayment amount.
E) The unpaid invoice amount is increased by the amount of the prepayment.

Solutions: