Oracle
1D0-1055-23-D
Oracle Financials Cloud: Payables 2023 Implementation
Professional - Delta
QUESTION & ANSWERS
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QUESTION 1
You have evaluated the use of Oracle Maps Cloud service with Expenses for mileage calculation. The
decision is to use this feature.
How do you enable the feature?
A.
B.
C.
D.
Set the profile option ORA_EXM_ORACLE_MAPS to yes at the site level.
Set Enable Oracle Maps to yes in the expense mileage policies.
Set Enable Oracle Maps to yes in the expense report template.
Set Enable Oracle Maps to yes in the expenses system options.
Correct Answer: B
Explanation/Reference:
Explanation:
Create a mileage policy, optionally include a commute deduction rule, and then assign the mileage
policy to an expense type to activate the policy.
QUESTION 2
You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK
Ledger, you have run and selected the extract for the report but the request returned the message no
data to display.
What is the reason for this?
A.
B.
C.
D.
You did not specify the range of liability accounts to include in the extract.
The reconciliation flag has not been enabled for your liability accounts.
The financial category of Accounts Payable is not assigned to the liability accounts.
You did not select the business units associated to the UK Ledger.
Correct Answer: C
QUESTION 3
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of
prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate
is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling
option.
How will the resulting tax be calculated?
A. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD
(5% * 10,000-5000).
B. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the
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invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice
line tax amount and a prepayment tax line of -500 USD (10% * -5000).
C. The tax calculation creates two tax lines: one for the invoice line amount and one for the
prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% *
10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
D. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the
invoice line is retained.
Correct Answer: B
Explanation/Reference:
Explanation:
When you apply a prepayment to an invoice, the tax rate at the time of prepayment may differ from
the tax rate at the time that the prepayment is applied to an invoice. Oracle Fusion Tax considers the
tax calculated on the prepayment according to the value assigned to the Applied Amount Handling
option in the tax record. The values are Recalculated and Prorated.
For example, you apply a prepayment amount of 5,000 USD to an invoice with a total amount
of10,000 USD. At the time of prepayment, the applicable tax rate was 5% (250 USD tax on the
prepayment); at the time of invoice creation, the applicable tax rate is 10%. Tax is calculated in this
way:
* Recalculated: The tax is recalculated on the prepayment using the invoice tax rate and the same tax
rate is applied to the invoice line amount. The tax calculation creates two tax lines: one for the invoice
line amount and one for the prepayment with a negative amount. In the invoice example, the
calculationcreates an invoice line amount tax line of 1,000 USD (10% * 10,000 USD) and a
prepayment tax line of -500 USD (10% * -5000 USD). This reverses tax calculated on the invoice for
the prepayment amount applied. The tax calculated on the prepayment is retained.
* Prorated:Etc.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006655AN242EE.htm
QUESTION 4
In the implementation project, there is a requirement to add new transactional attributes to the
Expense Approver Report workflow notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose
two.)
A.
B.
C.
D.
E.
The original Source
The Output types
The layout-template
The Data Model
The Style-Template
Correct Answer: C,E
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Explanation/Reference:
Explanation:
Style Template: Provides styles such as the type of lines and fonts to use in tables, or the font type,
size, and color to use for headings
Report: Contains a layout template that determines:
Which attributes appear in the notification, from the data model used for the report
What the notification looks like, leveraging components from the subtemplate and styles from the
style template used for the report
QUESTION 5
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the
function of Reference Data Sets?
A.
B.
C.
D.
allow you to secure data by business unit
allow you to assign multiple business units to users in a shared service center
allow you to maintain sets of related data in a Data Dictionary
allow you to share reference data, such as payment terms, across multiple business units to avoid
redundant setup
Correct Answer: D
Explanation/Reference:
Explanation:
Reference Data Sets
You begin this part of your implementation by creating and assigning reference data to sets. Make
changes carefully as changes to a particular set affect all business units or application components
using that set. You can assign a separate set to each business unit for the typeofobject that is being
shared. For example, assign separate sets for payment terms, transaction types, and sales methods
to your business units.
Your enterprise can determine that certain aspects of your corporate policy can affect all business
units. The remaining aspects are at the discretion of the business unit manager to implement. This
allows your enterprise to balance autonomy and control for each business unit. For example, your
enterprise holds business unit managers accountable for their profitand loss, but manages working
capital requirements at a corporate level. In such a case, you can let managers define their own sales
methods, but define payment terms centrally. In this example:
Each business unit has its own reference data set for salesmethods.
One central reference data set for payment terms is assigned to all business units.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAIGL/FAIGL1493157.htm#FAIGL9431
4
QUESTION 6
Your client company has two business units and requires the Payables Specialist to process invoice
transactions for both business units.
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What setup is required to achieve this?
A.
B.
C.
D.
a Self-Service Service Provider Model
a Dedicated Service Provider model
Business Unit Security
a Dedicated and Self-Service Service Provider Model
Correct Answer: C
QUESTION 7
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the
two outcomes if you chose the ''Apply Credits Up to Zero Amount'' option when submitting a Payment
Process Request? (Choose two.)
A.
B.
C.
D.
Both the invoice and the credit memo are included in the Payment Process Request.
Neither the invoice nor the credit memo is included in the Payment Process Request.
Both the invoice and the credit memo are fully paid.
Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD
remaining.
Correct Answer: A,D
Explanation/Reference:
Explanation:
When yousubmit a 'payment process request', you can enable the Apply credits up to zero amount
payment option. Enabling the option causes the payment process to apply credits when the credits
reduce the payment amount below zero.
The following scenario illustratethe impact of this option.
Credit Amount Greater Than Invoice Amount
An invoice for 200 USD and a credit memo for 225 USD are due for payment.
The following table describes the payment processing that occurs based on the setting for the Apply
credits upto zero amount payment option.
Assume that the ''Apply Credits Up to Zero Amount'' option is enabled.
Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0
USD. The remaining credit is 25 USD.
References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68
816F77
QUESTION 8
You purchased a computer from Company A for 2000 USD. Company B ships you the computer with
freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
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How can you achieve this?
A.
B.
C.
D.
E.
Choose Match to Receipt.
Enter the Invoice manually and add the freight line.
Choose to Match to Receipt Charges.
Choose to Match to Invoice Lines.
Choose to Match in full to the Purchase Order.
Correct Answer: C
QUESTION 9
What two job roles are required to access information within Functional Setup Manager? (Choose
two.)
A.
B.
C.
D.
E.
Application Implementation Manager
Any Functional User
Application Implementation Consultant
Functional Setup Manager Superuser
IT Security Manager
Correct Answer: A,C
Explanation/Reference:
Explanation:
Provision the implementation user with the Application Implementation Manager job role or the
Application Implementation Consultant job role by usingthe Security Console Users tab.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004385.htm
QUESTION 10
Which reporting tool is used to report on real-time data?
A.
B.
C.
D.
E.
Essbase Cube
Smart View
Oracle Business Intelligence Publisher
Oracle Financial Reporting Studio
Oracle Transactional Business Intelligence (OTBI)
Correct Answer: E
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QUESTION 11
Your client company wants to ensure that the payments they are sending to their financial institution
are valid and formatted correctly. They would like to identify any validation failures as early in the
process as possible.
Where would you suggest the validations are set?
A.
B.
C.
D.
E.
Supplier Site
Payment Method
Payment Format
Payment Terms
Disbursement Bank Account
Correct Answer: B
QUESTION 12
You have three procurement business units, four requisition business units and five sold-to business
units. For which will the supplier registration flows be deployed?
A.
B.
C.
D.
E.
three procurement business units
one business unit per supplier
five sold-to business units
four requisition business units
twelve business units per supplier
Correct Answer: A
Explanation/Reference:
Explanation:
A supplier is modeled as a global entity, meaning it is not created within a business unit or any other
organizational context. A procurement business unit establishes a relationship with asupplier through
the creation of a site which maintains internal controls for how procure to pay transactions are
executed with the supplier. The other entities of the supplier profile capture mostly external
information that is provided by the supplier, such as taxidentifiers, addresses, contact information,
and so on.
References:https://docs.oracle.com/cd/E51367_01/procurementop_gs/OAPRC/F1007476AN106E5.htm
QUESTION 13
You want your expense auditors to audit only expenses reports for specific business units. How do you
do this?
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A.
B.
C.
D.
Create your own audit extension rules that correspond to the business unit.
Assign the auditors' specific data roles for the corresponding business units.
Create a custom duty role and assign the data roles to each auditor.
Make auditors the managersof the corresponding business unit to route expense reports properly.
Correct Answer: B
Explanation/Reference:
Explanation:
You can enable expense auditors to audit expense reports for specific business units by assigning
them specific expense auditor data roles for the business units. For example,to allow an expense
auditor to audit expense reports for the Vision Operations and Vision Services business units, assign
the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles, respectively,
to the expense auditor.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
QUESTION 14
When reviewing installments, what setup is required to override the supplier site on an invoice?
A.
B.
C.
D.
Allow the remit-to supplier override for third-party payments at Manage Invoice options.
Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
Allow payee to override for third-party payments while Manage Invoice options.
Allow the remit-to supplier override for third-party payments at Manage Payment options.
Correct Answer: B
Explanation/Reference:
Explanation:
(Optional) Setting the Remit-to Supplier Override Option
References:https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIPP/F1470346AN14ECB.htm
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