Oracle Financials Cloud: Payables 2024 Delta

Previously, cash advances were applied automatically to expenses when the auditor ran the expense reimbursement process. Now, Oracle Expenses enables employees to manually apply their cash advance to the relevant expense report. As an Application implementation consultant, you have advised your client to enable this feature and allow employees to perform manual application of cash advances to their expense reports for the U.S. Business Unit. Which statement is NOT true about this feature?. Auditors can make changes to cash advances that are applied to an expense report. Unused cash advance amounts are applied to the next expense report or refunded to the company by the employee. Employees need to include justification if they do not apply an available cash advance when submitting an expense report. If approvers or auditors reject expense reports, the cash advances that are applied to the report are automatically removed and returned to the employee’s available cash advances.

Your organization has decided to create employee expense items by leveraging the Digital Assistant feature and sending expense receipts via email. Which is the next processing step after an email with an expense receipt is received in the Expense application?. The application verifies the sender’s email address and compares it with the employee’s email address in HCM. The application extracts the receipt details and creates expense items. The application sends the Expense team a receipt notification. The application assigns an expense type based on category. The application automatically matches receipts to corporate card charges.

There is a business requirement in Expense for designated employees (in addition to direct line managers) to receive notifications for inactive employees. Which THREE notification types can an administrator modify in the predetermined notification tasks in BPM worklist to add additional notification recipients?. Receipt notifications. Expense status notification. Reimbursement notifications. Travel notifications. Audit notifications. Cash advance notifications.

You are the accounting manager at a multinational corporation and one of your employees has submitted an expense report for a business trip to a different country: The report includes expense payment requests for meals, transportation and lodging. Your company has established certain tax determining factors, based on configured tax rules. Which FOUR tax determining factors can be used in Oracle Tax to determine the recoverability for each expense line on the employee’s report?. Tax product category. Business Unit Location. Product Category. Tax Classification Code. Expense Code. Expense Location. Tax classification name. Employee Location.

In an effort to set up additional controls on employee entertainment expenses, your company has set entertainment daily limits in the company’s Entertainment Policy. You are aware that Oracle Expenses has the capabilities to support the requirements within your entertainment policies where you can configure and define daily limits in entertainment policies, along with single instance limits and yearly limits that depend on your policy requirements. Which three should be considered when enabling and defining daily limits in entertainment policies?. The limits defined in the policy will be enforced per attendee only if the policy has rate determinants set up. The limits defined in the policy will be enforced per attendee, regardless of whether the policy has rate determinants set up. This policy can be associated only to entertainment policies. Use the entertainment policy to define single, daily, on yearly limits that need to be enforced per attendee. The limits apply only to company employees and exclude nonemployees. This policy can be associated with both travel and entertainment policies. Use the entertainment policy to define single or multiple daily limits that need to be enforced per attendee or group of attendees.

You have assisted your customer with implementation of Oracle Intelligent Document Recognition (IDR)they want to track the accuracy of the invoice line recognition for invoices processed by IDR. You introduce them to the Invoice Documents Recognition Rate Report to obtain the invoice line recognition details. In which three formats is this report available?. Invoice Header Summary. Invoice Line Summary. Invoice Header Details. Invoice Summary Details. Invoice Line Details. Invoice Header Supplier Summary.

During an internal audit of the expense reimbursement process, you observe a discrepancy where refunds from employees are being applied against positive payment requests. Your organization would like to keep them separate. How do you achieve this?. Set a specify Pay Group in Payables Options. Set a specify Pay Group in Expense System Options. Set a specify Pay Group in in the Expense sections of the employment record. Set a specify Pay Group in Disbursement System Options.

You have recently processed a payment for a vendor and later discovered that the payment was made in error to be voided. When voiding the payment, you select cancel as the Invoice Action. However, you notice that the invoice is not canceled, instead, it has an Invoice Cancel hold applied to it. What is the reason?. The invoice accounting date is not in the current open period. The invoice has been partially paid by another payment. The invoice is already on hold. The invoice date is not in the current open period.

Your company wants to maximize early payment discount opportunities and will be using the “Campaign Management for Early Payment Discount Offers” feature, which allows them to onboard supplier into an early payment discounts program via email-based campaigns. Suppliers can respond directly form the email and their responses are automatically and applied in payment process requests. Which three components options are available to suppliers when replying to a campaign?. Decline the offer. Enroll in a Standing Offer. Accept all Offers. Unsubscribe. Subscribe. Reject the offer.

As a workflow administrator, you have been tasked with configuring certain invoice approval rules to align with your company’s policy. You decide to make use of the purchase order additional attributes and descriptive flexfields to appropriately configure invoice approval rules and route workflow notifications to approvers. Which two are NOT purchase order additional attributes that workflow administrators can use to configure invoice approval workflow rules?. Purchase Order Schedule. Purchase Order Pending Fulfillment. Freight Terms. Purchase Order Destinantion Type Lookup Code. Purchase Basis.

You have recently enabled the keyword audit feature for Expenses to help automate the detection of potential policy violations of fraudulent activity within expense reports. After the feature is enabled, all expense reports containing keywords in certain fields are selected for audit. Which two Expense Item Fields are included in this feature?. Expense Type. Location. Description. Itemization Type. Merchant name.

Your company wants to establish Expense delegates to assist with management of expenses. Expense delegates will receive a digest notification for each employee they are a delegate for and can then take quick action to identify and fix pending expense items, including outstanding corporate card charges. After you have set up digest notifications, which corporate card charge Statutes are included in the outstanding expense reports: Submitted and Saved. Only Rejected. Saved, Withdrawn, Rejected, or returned. Only Withdrawn.

You are a consultant for a mid-sized company. They have asked you to identify Cash Management reports that can be used to gain a better understanding of the company’s cash position. You have four key reports.What is the correct match to each report and its description REPORT 1) Cash to General Ledger Reconciliation Report 2) Bank Statement Report 3) Cash in Transit Report 4) Bank Statement Analysis Report DESCRIPTION A. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared. B. Displays the bank statements that are used to analyze balances and transactional details C. Displays balances and transaction information for specific bank satements D. Lists banks stamenent transactions that are accounted in GL but are not reconciled in Cash Management. 1= D, 2=A, 3=C, 4=B. 1= D, 2=C, 3=A, 4=B. 1= A, 2=C, 3=D, 4=B. 1= D, 2=B, 3=A, 4=C.

You are providing consulting services to a Payables Supervisor at a large organization that uses Oracle Cloud Supplier Portal to manage invoices. Their team has been struggling to keep up with the high volume of unsubmitted invoices, causing delays in timely period closures. You advise that Payables supervisor can identify and then cancel unsubmitted supplier portal invoices. Which two actions can the Payables Supervisor take to identify incomplete supplier portal invoices for cancellation?. Query the Payables Invoice Register. Run the Period Audit Report. Run the Period Close Exceptions Reports. Query Invoices on the Manage Invoices Page. Run the Payables Unsubmitted Invoices Report.

A company has assigned a withholding tax classification to an invoice line to whithold two taxes, each tax withheld at different rate and remitted to different tax authorities. • Tax A has a withholding tax rate of 5% with compounding precedence of 1 • Tax B has a withholding tax rate of 10% with compounding precedence of 2 What are the withholding tax amounts computed for the two taxes when the withholding taxable amount is $100. Tax A: $5, Tax B: $9,5. Tax A: $5, Tax B: $10,5. Tax A: $5, Tax B: $10. Tax A: $4,5, Tax B: $10.

You are an Expense manager at a large company and need to address complaints from your corporate card provider about delayed transaction payments incurred by former employees that are not inactive. To enable timely payment of corporate cad transactions going forward you have decided to use enhanced loading programs to ensure efficient processing of valid business charge posted to an inactive employee’s corporate credit card. Which three capabilities are considered by either the Upload Corporate Card Transactions process of the Process Corporate Card Transactions For Inactive Employees process. Travel Costs within Notice Period. Notification Recipients. Individual Pay Liability. Application of Outstanding Cash Advances. Grace Period.

You have been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis to help reconcile Payables balances against General Ledger. The analysis must show both posted invoices and payments. Which subject area must you select to create this analysis?. Payables Invoices -Trial Balance Real Time. Payables Payments- Disbursements Real Time. Payables Invoices -Transactions Real Time. Payables Balances- Reconciliation Real Time.

You have participated as a functional consultant in the implementation of Oracle Procurement as well as Payables for ABC Consulting. A Payables Analyst has logged a ticket standing that the Create Supplier task is not showing up in the Supplier Work Area. You have checked the related setting and found that the Payables Analyst user account has been defined as Procurement agent. Why is the Payable Analyst NOT able to see the Create Supplier task in the supplier work area?. They have not been given the Procurement Administrator role. They have not been given the Supplier Administrator role. They have not been given the Supplier Manager Role. They have not been given the Procurement Requester Role.

Working as a Payables Specialist, you have received an email from your supervisor asking for assistance in identifying Self-billed invoices. Which two are classified as self-billed invoices. Invoices created using Integrated Imaging. Expense Reports transferred from Expenses. Customer Refunds initiated from Receivables. Evaluated Receipt Settlement (ERS) Invoices. Invoices Entered through The Supplier Portal. Debit Memos Created by the return To Supplier feature.

As an oracle Payables subject matter expert, you are familiarizing yourself with Intelligent Document Recognition (IDR). After a detailed review, your consider Adaptive Learning as one of the most beneficial features of IDR. Adaptative learning increases the accuracy of the invoice scanning and improves touchless processing. When users makes corrections in the interactive viewer, each invoice edit trains the algorithms and improves future recognition. Which is NOT a key consideration for Adaptive Learning?. Adaptive learning for Invoices Lines. Sharing Adaptive Learning between Environments. Adaptive Learning for Routing attributes. Legal Entity Recognition from Invoice Document. Bill- To recognition from Invoice Document.

As an Oracle Financials Cloud Consultant, you are familiarizing yourself with new features in Adaptative Learning using IDR. Your recently learned about for Invoice Lines where the interactive invoice viewer can be used to make corrections on certain invoice line-level attributes. In which three line-level attributes can you use the interactive invoice viewer to make corrections?. Amount. Supplier. Invoice Date. Invoice Requester. Quantity. Description. Invoice Number.

You have implemented the service provider model for Payables payments where you United Kingdom headquarters works solely as an outsourced payment processing unit on behalf of your UK Business Units. What is this type of payment service provider model known as?. Self-Service. Dedicated. Procurement. Dedicated and Self-Service.

You are an Oracle Payables Consultant and your client, a large retail organization, is discussing statutory reporting requirements. Your client wants to leverage the Subledger Accounting application to create subledger journal entries for Payables. Some of the reporting requirements are scenario based. Which three Subledger Accounting Components can have conditions in the rules?. Description Rule. Account rule. Journal Entry Rule Set. Journal Line Rule. Supporting References.

Your company is considering using BI publisher to create additional reports. They want to know about the various features and benefits of this tool. Which are the two benefits of the BI publisher Customize feature. You do not need any special roles to access this feature. Report output is sent to an e-commerce site. A backup copy of the report is automatically saved in my folders. Patches do not override report customizations. Writing code is not required.

You learn that you can create action links to drill down from an Oracle Transactional Business Intelligence (OTBI) report to a specific transaction. You decide to test it out when running the “Payables to Ledger Reconciliation” Report. When you click a specific balance, it directs you to the Oracle Payables application where you can view the transactional details about the balance. What information can you view when using the action in the “Payables to Ledger Reconciliation” Report?. Differences. Period activity. Beginning Balances. Ending Balances.

Your client notifies their suppliers of rejected invoices via email. You suggest that they instead send notifications to suppliers for rejected electronic invoices by using industry-standard XML such as UBL 2.1 Invoice Response Message. Which are two benefits of using this feature?. The notification provides suppliers with the option to request Payables manual intervention and support. Suppliers can view the rejection reason in their system and take corrective action. You can customize automatic responses per invoice type. It enables automatic processing of electronic response messages.

You joined an OU Live Session for Oracle Financials centered on Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies. Using this feature, you can enforce monthly and lifetime rate limits for miscellaneous expenses. On the basis of which four values can you configure the rate limits?. Currency. Location. Expense Type. Gender. Role. Exchange Rate Conversion. Enforce the same rate limit for all employees. Employee Management Level.

You are a global process owner in a large company that handles a heavy amount of expenses due to travel and entertainment reimbursement. Employees has provided feedback that they would like a way to simplify and streamline the expense reimbursement process because they are taking a lot of time submitting their expense reports. You are very excited to introduce them to Oracle's functionality allowing them to create expenses directly from emails that a user forwards with receipt attachments. To which two options can you set the Expense Attachment Preference when configuring this functionality in the application?. Attach custom email. Attach multiple receipts from the email. Attach the invoice. Attach the email. Attach the primary receipt from the email.

As the Expense-to-Pay Strategic Process Owner for your company, you need to ensure that certain controls are set in the system, which include excluding specific adjustment codes that indicate payments from MasterCard transaction files. What happens to the upload process if you do not specify any adjustments codes in the ORA_EXM_MC_EXCLUDE_ADJUSTMENTS lookup type?. It automatically excludes all payment adjustment transactions. It automatically includes all payment adjustment transactions. It fails and will not complete.

Your company will be utilizing the Campaign Management for Early Payment Discount Offers feature to maximize early payment discounts. This allows your company to onboard suppliers into an early payment discounts program via email-based campaigns. Supplier responses are automatically processed and applied in the system. Which two are response options available to suppliers when replying to a campaign?. Accept All Offers. Suscribe. Decline the Offer. Unsuscribe.

To improve the efficiency of Payables processing, the cloud client has set up to use transaction account definitions to create missing account combinations on invoice lines. Which invoice type can use this account code generation?. Payment requests. Credit Memos. Prepayments.

Simplify invoice account defaulting by using a transaction account definition. You can configure rules in Transaction Account Builder to automatically derive the account combination for invoice lines based on designated attributes. Account combination is derived on Payable’s invoice lines when which of the following conditions are satisfied?. Invoice type is Payment Request, and Prepayment. Invoice type is of Standard, Debit Memo, and Credit Memo. Invoice is in incomplete status.

To improve the efficiency of Payables processing, the cloud client has set up to use transaction account definitions to create missing account combinations on invoice lines. When will this creation of account combinations occur?. When distributions are generated for the invoice lines. When the invoice is matched to PO. When the invoice is not matched to PO.

The cloud client is using IDR and intends to ask suppliers to submit a valid supplier number within parentheses as a prefix in email subject lines to improve supplier recognition accuracy. What is the order of precedence for supplier detection when using IDR?. 1. PO number (detected on invoice) > 2. Supplier number detected in email subject > 3. Supplier detention other (matched on supplier name, address, and other attributes). 1. Supplier detention other (matched on supplier name, address, and other attributes) > 2. PO number (detected on invoice) > 3. Supplier number detected in email subject. 1. Supplier number detected in email subject > 2. PO number (detected on invoice) > 3. Supplier detention other (matched on supplier name, address, and other attributes).

As a Financial Accountant, you are to create and enforce single, daily, and yearly limits for entertainment expenses. Which role type can be used in rate determinants, to create an entertainment policy?. Grade role type. Position role type. Job role type.

You are an Expense manager at a large company and need to address complaints from your corporate card provider about delayed transaction payments incurred by former employees that are not inactive.To enable timely payment of corporate card transactions going forward you have decided to use enhanced loading programs to ensure efficient processing of valid business charge posted to an inactive employee's corporate credit card. Which two are capabilities included in these processes?. Grace Period. Individual Pay Liability. Employee Termination Date. Outstanding Cash Advances.

Your cloud customer wants to use AI to automate key processes in Payables. You are tasked with setting up the required roles for AI apps. When you create the user-defined AIAPPS_BIP_ROLE, which two role hierarchies should you add?. AIAPPS_Data_Model_Developer. BIPDataModelDeveloper. AIAPPS_Author. BI_Integration. BIAuthor.

Oracle has released the ISO 20022 Disbursement Acknowledgement feature which allows you to retrieve and process disbursement acknowledgement files from the bank for credit transfer in accordance with the ISO 20022 standards. You observe that one of the methods to retrieve and process acknowledgement files in the Contextual Action Method where you can submit the Retrieve Disbursement Acknowledgement process various ways within the application. Of the below, which one is NOT an available option to submit the Retrieve Disbursement Acknowledgement process?. Payment File Details. Manage Payment File Task. Payment Task tab. Scheduled Processes Page.

In final user testing, users are attempting to understand what should happen to the tax calculation on invoices matched to purchase orders that have a one-time delivery location, eg: home address. The default place of supply tax rules currently defined for sales tax in the US business unit is ship-to; use-bill to if ship-to is not found. How should tax be calculated in this scenario?. Invoices matched to PO will use the bill-to location address. Invoices matched to PO will use the ship-from address. Invoices matched to PO will use the one-time delivered address.

Adaptive Intelligence (AI), integrated with Oracle Payables Cloud, supports sophisticated data science that drives the early payment discount offers. Which of these is NOT a feature of early payment discounts?. Variable annual percent rate (APR), based on “days paid early”, is used to determine the discount amount. Once enrolled, a supplier discount is set and applies to all payments indefinitely, until supplier unsubscribes. Eligible discounts decrease on a sliding scaled based on the supplier’s discretion. The earlier the payment, the greater the discount.

To ensure that the accounting entries created for Payables invoices are consistent with the upstream Lease Accounting transaction, there’s a new Payable feature allowing you to configure accounting rules for lease accounting invoices based on the lease and property details (lease accounting sources). From the list below, identify two items that are NOT lease accounting sources available on Payables invoices: Leasse Number. Asset Type. Invoice Type. Property Name. Accounting Code.