Fusion Accounts Payable PDF

3/29/2019 Fusion Accounts Payable – ebsguide
Fusion Accounts Payable
Cloud AP Con igurations
www.ebsguide.com/fusion-accounts-payable/ 1/99
1. Enterprise
2. Create location for Business Unit
3. Create Business Unit
4. Assign Business Unit Business Functions
5. Create Legislative Data Group
6. Assign Legislative Data Group to LE
7. Employee User creation
8. Assign GL Roles to User
9. Assign ‘Data Access Set’ to GL roles
10. Run LDAP Job
11. Assign Project to Employee User
12. Creation of Procurement Agent(Buyer)

13. Creation of Reference Data Set
14. Create Payment Terms and Assign to RDS
15. Assign RDS to BU
16. Setup common options for Payables and Procurement(Financial Options)
17. Con gure Invoice options
18. Con gure Payment options
19. Create Distribution Set
20. Assign Supplier Manager and Buyer role to Procurement User
21. Run LDAP job
22. Specify Supplier numbering
23. Creation of Supplier Pro le, Supplier Address, Supplier Site, Assign Site to BU
24. Creation of Bank, Bank Branch, Bank Account, Payment Documents
25. Create Payment Process Pro le
26. Assign AP roles to User
27. Provide Data Access for User
28. Run LDAP job
29. Open AP Periods
30. Creation of standard invoice
31. Invoice Payments
32. Creation of invoice through spreadsheet (ADFdi)
33. Creation of debit memo invoice & payment process
34. Creation of credit memo invoice & payment process
35. Creation of payment process request
36. Prepayment Invoice process
37. Bills Payables con guration & process
38. Withholding Tax con guration & process
39. Pay Alone con guration & process
40. Foreign currency invoice & payment – con guration & process
41. Supplier Merge Process
42. Interest Invoice con guration & process
43. Recurring Invoice con guration & process
44. Third Party Payments con guration & process
45. Cross currency payments con guration & process
46. Create hold and release reason
47. Supplier refund process

48. Create Aging periods & testing
49. Create Accounting entries & transferring to GL
50. Payables to GL Reconciliation
51. Invoice Approval con guration & testing
52. Payment Format
53. Invoice Image Solution
54. 1z0-961 – Oracle Financials Cloud: Payables 2017 Implementation Essentials
1. Enterprise
In one instance we can have only one Enterprise. We cannot create new one, only
the existing need to be edited.
Navigation: UserName >> Setup and Maintenance >> Tasks panel >> Search >>
‘Manage Enterprise HCM Information’ >> This is the default Enterprise exists in
this instance. In case you want to create new Enterprise click on Edit, select
e ective start date >> Make the required changes. Name: Tata Enterprise…. >>
Submit >> A request will be submitted.
2. Create location for Business Unit
‘Manage Locations’ >> Create
Save >> Submit
3. Create Business Unit

The Business Unit can be made module speci ic like BU1 linked to AP, BU2 linked to
AR. This BU1 will not work for other modules like OM, PO,…..The business functions in
AP are Payables Invoices and Payables Payments. The business functions in AR are
Billing and Customer Payments. Now we need to select these business functions
speci ic to BU1. Here Default Set refers to Reference Data Set.
Search for task ‘Manage Business Unit’ >> Create
Save and Close
Search your Business unit >> Actions >> Manage Set Assignments. Here we can see list
of reference data objects (business objects) and the RDS can be changed at object level,
but not at BU level. The business objects related to HCM are departments, grades, jobs
& locations.
4. Assign Business Unit Business Functions

Navigation: UserName >> Setup and Maintenance >> Tasks panel >> Manage
Implementation Projects >> Overview >> Open your project >> Search for task ‘Assign
Business Unit Business Function’ >> Go to Task >> Select Scope: Assign Business Unit
Business Function and Business Unit: Select and Add >> Apply and Go to Task >>
Search for BU name (Tata Business Unit) >> Select >> Save and Close >> Enable all the
Business functions >> Save and Close
5. Create Legislative Data Group (LDG)

LDG — Represents speci ic country payroll.
‘Manage Legislative Data Groups’ >> Create
Submit >> Request gets submitted
6. Assign Legislative Data Group to LE

‘Manage Legal Entity HCM Information’ >> Search for LE Name >> Click on LE Name
(hyperlink) >> Edit >> Update >> Ok >> Go to ‘Payroll Statutory Unit’ tab (Payroll
Statutory Unit = LDG) >> Submit
7. Employee User creation

Pre-requisite to create Employee user is Legal Entity and Business Unit. We will create
Employee User from HCM.
LDG is assigned to LE. LE will be assigned to Employee User.

LDG –>LE–>Employee User
‘Manage Users’ >> Create
Save and Close. SRIKANTH.EMPLOYEE can be accessed from Security console and HCM
as well.
In case the employee user creation provides below error:

The message is ORA-20001: The employment level entered is not eligible for the
element Tax and NI on 2018-11-23. Details: You cannot grant the element to the
payroll relationship, terms or assignment unless it meets the element eligibility
criteria and has an element costing record. Ensure that a suitable element costing rule
exists for the element, and that the eligibility criteria for a person matches those
de ined on the costing rule. ORA-06512: at “FUSION.PAY_ELEMENT_ENTRY_API”, line
468 ORA-06512: at line 53 .
Navigation: UserName >> Setup and Maintenance >> Tasks panel >> Search >> ‘De ine
Enterprise Structures for Human Capital Management’ >> ‘Manage Legal Entity
Calculation Cards’ >> Create >> Create two calculation cards and ensure ‘Disable
automatic card creation’ is checked as below images.
Now try to create Employee User
After creation of Employee User:

Navigator >> Security Console >> Users >> Search for Srikanth >> Here Business Unit
represents that the user is Employee User
Click on Reset Password >> Manually change the password >> Provide new password
8. Assign GL Roles to User

From above page, click on Edit >> Add Role
9. Assign ‘Data Access Set’ to GL roles

Now assign ‘Primary Ledger’ to ‘GL Role’ >> Search for task: ‘Manage Data Access for
Users’>> Create as below >> Save and Close
10. Run LDAP Job

Navigation: Navigator >> Tools >> Scheduled Processes >> This is ESS Job page >>
Schedule New Process >> Type: Job; Name: Retrieve Latest LDAP Changes >> Submit
>> Look for Succeeded status.
11. Assign Project to Employee User

Navigation: User Name >> Setup and Maintenance >> Tasks >> Manage
Implementation Projects >> Open your implementation project >> Edit >> Save and
Close
Verify the implementation project (Tata Finance Implementation Project) will be

assigned to SRIKANTH.EMPLOYEE
12. Creation of Procurement Agent(Buyer)

Navigation: UserName >>Setup and Maintenance >> Tasks panel >> Manage
Implementation Project >> Overview >> Click on implementation project >> Search for
task ‘Manage Procurement Agents’ >> We can choose any path (I opted Financials)>>
Go to Task >> Select Scope: Manage Procurement Agents, Business Unit: Select and Add
>> Apply and Go to Task >> Search for your Business Unit (Tata Business Unit) >> Save
and Close >> Create
**For printer installation we need to get in touch with Oracle corp. by raising SR.
**Procurement Agent will be assigned to BU. Only to this BU the supplier site will be
assigned by Procurement Agent. Here SRIKANTH.EMPLOYEE buyer is assigned to Tata
Business Unit. So he will be able to assign supplier sites to Tata Business Unit.
**One supplier site can be assigned to multiple business units.
**In case we have multiple business units, then procurement agent should be assigned
to those BU’s. Only then he can assign supplier sites to those business units.
13. Creation of Reference Data Set(RDS)

In EBS the Payment Terms can be accessed by all BU’s whereas in Fusion we can
restrict speci ic to BU with the use of ‘Reference Data Set’ (RDS). Here the Payment
Terms in Fusion will be assigned to RDS. Then the RDS will be assigned to BU.
Payment Terms —> RDS —> BU
Navigation: Go to Implementation Project >> Search for task ‘Manage Reference Data
Sets’ >> Go to Task >> Create
Save and Close
14. Create Payment Terms and Assign to RDS

Search for task ‘Manage Payment Terms’ >> Go to Task >> Create
Save and Close

**Based on above multiple data sets can be assigned to one Payment Terms.
Additionally assign ‘Immediate’ payment terms to ‘TATA_RDS’
Save and Close
15. Assign RDS to BU Reference Data Objects

Search for task ‘Manage Business Unit Set Assignment’ >> Go to Task >> Select Scope:
Manage Business Unit Set Assignment, Business Unit: Select and Add >> Search for
your BU >> Select (Should not click on BU Name)>> Save and Close >> Select
‘TATA_RDS’ against ‘Payables Payment Terms’ reference data object (for rest all we can
keep COMMON as-is) >> Save and Close.
**In EBS, Payables Journal entries are controlled by the de inition of:
•Financial Options
•Payables Options
•Supplier site
•Bank Account
•Withholding Tax
•Invoice
•EBT
**Payables Flow
Financial options >> Payables options >> Supplier site >> Invoice >> Invoice lines >>
Distribution lines
16.Setup common options for Payables and Procurement(Financial Options)

Navigation: Go to Implementation Project >> Search for task ‘Manage Common Options
for Payables and Procurement’ >> Go to Task

Save and Close
17. Con igure Invoice options

Payment options in EBS = Invoice options in Fusion + Payment options in Fusion. The
reason is we have different business functions.
In implementation project search for task ‘Manage Invoice Options’ >> Go to Task >>
Select Scope: Manage Invoice Options and Business Unit: Select and Add >> Apply and
Go to Task >> Search for your BU >> Choose and click on Save and Close
Here we can see only two Payment Terms due to above setup.
The mandatory values are defaulted. Click on Save and Close.
18. Con igure Payment options

In implementation project search for task ‘Manage Payment Options’ >> Go to Task >>
Here nothing is mandatory >> Save and Close
19. Create Distribution Set

In implementation project, search for task ‘Manage Distribution Sets’ >> Go to Task >>
Create
Save and Close
20. Assign Supplier Manager and Buyer role to Procurement User

Navigator >> Tools >> Security Console >> Users >> Search for your Employee User >>
Edit >> Add Role >> Supplier Manager (Code:
ORA_POZ_SUPPLIER_MANAGER_ABSTRACT) and Buyer (Code: ORA_PO_BUYER_JOB)
roles >> Save and Close
**By assigning ‘Supplier Manager’ role, any user (implementation/ employee) can
create Supplier pro ile and Supplier address but not site.
21. Run LDAP job

Navigation: Navigator >> Tools >> Scheduled Processes >> Schedule New Process >>
‘Retrieve Latest LDAP Changes’ >> Submit >> Look for Succeeded status
22. Specify Supplier Numbering

In EBS R12, we can achieve via ‘Payables System Setup’.
Navigation: Go to implementation project >> Search for task ‘Specify Supplier
Numbering’ >> Go to Task >> Enter your required Next Supplier Number (1001) >>
Save and Close

**Manual numbering is not possible here.
23. Creation of Supplier Pro ile, Supplier Address, Supplier Site, Assign Site to BU
Supplier Pro ile –> Supplier Address –> Supplier Site –> Assign Site to BU
Navigation: Navigator >> Procurement >> Supplier >> Tasks panel >> Create Supplier
>> Enter Supplier Name (Tata Supplier); Business Relationship (Spend Authorized);
Tax Organization Type: Organization
Supplier Pro ile:
Supplier Address:
Supplier Site:
Click on Save to enables other tabs at site level.

Go to Payments tab and enable ‘Check’ as default Payment Method >> Save.
Go to Site Assignments tab >> Create >> Client BU: Tata Business Unit; Bill-to BU: Tata
Business Unit; Distribution Set: Tata Distribution Set;
Go to Contacts >> First Name: Srikanth; Last Name: Supplier
Finally click on Submit
24.Creation of Bank, Bank Branch, Bank Account and Payment Documents

Go to implementation project >> Search for task ‘Manage Banks’ >> Go to Task >>
Create >> Country: United Kingdom; Bank Name: Tata Bank >> Save and Close >>
Select Bank Name and click on Create Branch >> Branch Name: Tata Bank Branch >>
Save and Close >> Done >> Go to Task for Manage Bank Accounts >> Create
Payment Documents:
Next go to Business Unit Access tab and select Business Unit (Tata Business Unit) >>
Ok >> Save and Close.
25.Create Payment Process Pro ile

Go to implementation project >> Search for task ‘Manage Payment Process Pro iles’ >>
Go to Task >> Create
Save and Close
26.Assign AP roles to User

Assign below three roles to employee user:
Accounts Payable Accounts Payable Accounts Payable

Manager Supervisor Specialist
Navigation: Navigator >> Tools >> Security Console >> Users >> Search for your user
>> Edit >> Add Role >> Add above roles >> Add Role Membership >> Done >> Save and
Close
27.Provide Data Access for User

Go to implementation project >> Search for task ‘Manage Data Access for Users’ >> Go
to Task >> Create
Save and Close
28.Run LDAP job

Navigation: Navigator >> Tools >> Scheduled Processes >> This is ESS Job page >>
Schedule New Process >> Type: Job; Name: Retrieve Latest LDAP Changes >> Submit
>> Look for Succeeded status.
29.Open AP Periods
Navigation: Navigator >> Payables >> Invoices >> We call this page as Invoice
Workbench or Invoice Workarea >> Tasks panel >> Payables Periods >> Manage
Accounting Periods >> Click on your Ledger name >> First Period: Nob-18 >> Ok >>
Refresh to see Accounting Periods >> Actions >> Open Target Period >> Target Period:
Dec-18
Verifying GL period:
Navigator >> General Accounting >> Period Close >> We can see Payables Period status
is Open and also check General Ledger period status as well.
30. Creation of Standard Invoice

i) Manual Invoice
Navigator >> Payables >> Invoices >> Invoice Workarea/ Invoice Workbench page
opens >> Tasks panel >> Create Invoice
Defaulting Business Unit speci ic to User level:

Here we can see multiple Business Units since we have assigned Reference Data Set as
‘Common’ during the creation of BU. In case we want to see only one BU in the list then
create individual RDS and assign to BU. Also we can achieve this by using Security
Pro ile.
Navigation: Setup and Maintenance >> Search for task ‘Manage Administrator Pro ile
Values’>> Search for Pro ile Display Name: Default Business Unit >> Create
Defaulting Currency at Supplier site level:

Navigator >> Procurement >> Suppliers >> Tasks panel >> Manage Suppliers >> Search
for your Supplier >> Open and click on Edit >> Sites tab >> Edit >> Invoicing >> Invoice
Currency and Payment Currency: Pound Sterling >> Save and Close >> Submit >> Done
Manual Invoice Creation:

Create Invoice
Enter DFF value as 1
Invoice Actions >> Validate.

Once Validated go to Invoice Actions >> Post to Ledger
Create Accounting:
EBS Fusion
Draft — Preview purpose Draft
Final — Create Accounting happens and

exists in same application(Payables)
Final Post –Create Accounting,

Post to Ledger
Transfer and Post to GL
Once Validated go to Invoice Actions >> Post to Ledger >> See the con irmation
message as ‘Accounting is complete’.
The ‘Post Journals for Single Ledger ‘ job will be executed and can be veri ied from
Scheduled Processes.
Verify Accounting entries:

Navigator >> Payables >> Invoices >> This is Invoice workbench/ Invoice workarea.
The infotile ‘Recent’ has 1, means the new invoice which we created.
Click on Invoice Number >> Validated >> Accounted >> Verify the accounted lines.
Verify the entry in GL:

Since we submitted our accounting as ‘Post to Ledger’, the journal entry should exist in
GL.
General Accounting >> Journals >> Tasks panel >> Manage Journal >> Search with
Accounting Period: Nov-18 >> Click on Journal
**Overwrite Account value: In case the account E01 is wrong and has to be modi ied
then go to Payables >> Invoices >> Open your invoice >> Validated >> Accounted >>
The rent account E01 has to be modi ied >> Select that particular line and click on
Override Account >> Update New Account: C01.D01.E02; Reason: Account correction
>> Submit >> Look for Con irmation message ‘The journal entry line has been
overridden with the new account. Scheduled process 1489524 has been submitted to
transfer and post the entry.’ >> Done.
Now verify in GL Journals the new accounting update. Here we can see new journal
line.
**Even we can overwrite account value even after making Payment.
31. Invoice Payments

Navigator: Payables >> Invoices >> Tasks panel >> Manage Invoices >> Search for your
invoice >> Select your Invoice and Edit >> Invoice Actions >> Pay in Full
Submit >> See con irmation message as ‘Payment 1 for 10,000.00 GBP has been
created.’ >> Save and Close >> Done.
Verifying Payments:
Navigator >> Payables >> Payments >> Tasks panel >> Manage Payments >> Search >>
Actions >> Post to Ledger >> Look for con irmation message
32. Creation of invoice through spreadsheet (ADFdi)

WebADI in EBS = ADFdi in Fusion
Before we start the process make sure ADF DI Add-In exists in your machine else start
downloading from Tools >> Download ADF Desktop Integrator
Navigator >> Payables >> Invoices >> Tasks panel >> Create Invoice from Spreadsheet
>> The sheet should appear like this:
Double click on below ields and perform search operation to fetch data from server:
i) Supplier
ii) Supplier site
iii) Distribution set
Click on Create Invoices >> Save and Submit Invoice Import >> We can select on failure
option >> Enter BU name and click on Submit >> Click Ok on con irmation message >>
Now verify the Row Status as ‘Row Inserted’ >> Later on we can close excel without
saving >> Now verify the newly created invoice in Invoice Workbench.
Either check in Recent infotile or through Manage Invoices
Now you need to Validate, Pay in Full and Post to Ledger via Invoice Action tab.
33.Creation of debit memo invoice and payment process

Let us create standard invoice of 10,000 and debit memo of 2,000 and payment of
8000.
i)Standard invoice creation

Created Invoice >> Validated and Posted (no need to Pay)
ii) Debit Memo creation
Lines: ‘Correct Unmatched Invoices’ and click on Go.
Apply and Ok >> Go to Invoice Actions: Validate and Post to Ledger >> Save and Close.
iii) Payment:
Go to Payables >> Payments >> Tasks panel >> Create Payment
Click on Add under ‘Invoices to Pay’
Select the required invoices by using control + select >> Apply >> Ok
Save and Close. Look for con irmation message as ‘Payment 3 for 8,000.00 GBP has
been created.’
34.Creation of credit memo invoice and payment process

Let us create standard invoice of 20,000 and credit memo of 5,000 and payment of
15,000.
i)Standard invoice creation

Created Invoice >> Validated and Posted (no need to Pay)
ii) Debit Memo creation
Lines: ‘Correct Unmatched Invoices’ and click on Go.
Apply and Ok >> Go to Invoice Actions: Validate and Post to Ledger >> Save and Close.
iii) Payment:
Go to Payables >> Payments >> Tasks panel >> Create Payment
Click on Add under ‘Invoices to Pay’
Select the required invoices by using control + select >> Apply >> Ok
Save and Close. Look for con irmation message as ‘Payment 4 for 15,000.00 GBP has
been created.’
35. Creation of payment process request

i) Create Invoices
ii) Creation of Payment Process Template
iii) Submit Payment Process Request
i) Create 3 Invoices:
Just validate >> Save and Create Next
ii) Creation of Payment Process Template:

Go to Payments >> Tasks panel >> Submit ‘Manage Payment Process Request
Templates’ >> Create. I have defaulted few values:
Save and Close.
iii) Submit Payment Process Request

Go to Payments >> Tasks panel >> Submit ‘Submit Payment Process Request’ >> Create
>> Enter name (Tata Payment Process Request) and select the template which has
created. The default values will be auto-populated >> Submit.
Go to Payments >> Tasks panel >> Manage Payment Process Requests >> Search your
Payment name >> Refresh the page till you see the stage as ‘Payment Validation’ and
Status as ‘Pending proposed payment review’ >> Click on Action >> We can see all the
invoices which were created and not paid. Even we can delete invoices which doesnt
require Payment
Click on Resume Payment Process >> Refresh the page and look for Stage: Payment ile
processing; Status: Formatted and ready for printing >> Click on Action >> Print
>> Stage: Payment ile processing; Status: Submitted for printing >> Click on Action >>
Click on Record Print Status >> Submit >> Record the print status >> Click on View
Payments (Spects icon in Payments section) >> We can see the same information from
Payments workbench as well >> Manage Payments >> Search with Supplier and Party
Number >> You can verify Type: Payment Process Request
In Fusion, we cannot install Printer setup. It has to be done by Oracle corp.
36.Prepayment Invoice process

**Prepayment to Supplier — Amount exists with Supplier
i) Create Prepayment Invoice and Process Payment for Prepayment Invoice(Amount of
10,000)
ii) Create Standard Invoice (Amount of 8,000)
iii) Apply Prepayment on Standard Invoice (Balance 2,000 will left in Prepayment
invoice)
i) Create Prepayment Invoice and Process Payment for Prepayment Invoice(Amount of

10,000)
Payables >> Invoices >> Tasks panel >> Create Invoice (TATA_MAN_STD_INV_7) >>
Enter details >> Show More >> Allow Prepayment Application: If checkbox is enabled
means its temporary else its permanent
Save and Validate >> Status will be in Unpaid >> Pay in full >> Fill details and click on
Submit >> Now the status is Available.
In case you would like to get pop-up about prepayment info then go to implementation
project and search for task ‘Manage Invoice Options’ >> Enable ‘Show available
prepayments during invoice entry’ checkbox >> Save and Close
ii) Create Standard Invoice (Amount of 7000)

Invoice Number: TATA_MAN_STD_INV_7 — See the bell icon has been enabled due to
above set up.
Validate
iii) Apply Prepayment on Standard Invoice (Balance 2000 will left in Prepayment
invoice)
Invoice Actions >> Apply or Unapply Prepayments >> Select the record and click on
Apply >> Done >> Again Validate >> Save and Close
37.Bills Payables con iguration and process

Future dated payments takes place here.
i) Provide Bills Payables Account in Common Options
ii) Create Payment method for Bills Payables
iii) Create Standard invoice and make payment.
i) Provide Bills Payables Account in Common Options

Go to implementation project >> Search for task ‘Manage Common Options for
Payables and Procurement’ >> Go to Task >> Enter Bills Payable value (C01.D01.L03)
>> Save and Close.
ii) Create Payment method for Bills Payables

Search for task ‘Manage Payment Methods’ >> Go to Task >> Create
iii) Create Standard invoice and make payment.

Create invoice (TATA_MAN_STD_INV_9) >> Invoice Actions >> Manage Installments >>
Change the Payment Method to ‘Tata Payment Method’ >> Save and Close >> Validate
>> Post to Ledger >> Save and Close.
Payments: At the time of Payment, we include maturity date.
Payments >> Create Payment
Go to Advanced tab and provide maturity date (12/25/18) >> Go to Payment Details
tab >> Invoices to Pay section >> Select and Add >> Select your invoice >> Apply and
Ok >> Save and Close
38. Withholding Tax con iguration and process

i) Create Withholding Tax authority as a Supplier
ii) Create Payables calendar (In EBS we call as Special calendar)
iii) Con igure Withholding Tax options

iv) Create Tax codes
v) Create Tax classi ication (In EBS we call as Tax Group)
vi) Assign Tax group to standard Supplier
vii) Create Standard Invoice
viii) System creates Withholding Tax invoice with Tax amount
i) Create Withholding Tax authority as a Supplier

Create Supplier >> Procurement >> Suppliers >> Task panel >> Create Supplier >>
Enter Supplier (Tata Withholding Tax Authority Supplier); Business Relationship
(Spend Authorized); Tax Organization Type (Corporation) >> Create >> Supplier Type:
Tax Authority >> Under Pro ile Details, go to Payments tab and select ‘Check’ as default
payment method >> Save >> Addresses >> Create
Save and Close >> Sites >> Create >> Select Address name and Site purpose as Pay >>
Save >> Payments tab >> Select ‘Check’ as default payment method >> Site
Assignments tab >> Autocreate Assignments >> Invoicing >> Invoice Currency: Pound
Sterling; Payment Currency: Pound Currency >> Save and Close >> Submit
ii) Create Payables calendar (In EBS we call as Special calendar)

Go to implementation project and search for task ‘Manage Payables Calendar’ >> Go to
Task >> Create
Click on Generate Periods >> Save and Close >> Done
iii) Con igure Withholding Tax options

In implementation project search for task ‘Manage Tax Reporting and Withholding Tax
Options’ >> Select Procurement Path >> Go to Task >> Select Event Class: Standard
Invoice and provide start date >> Save and Close
iv) Create Tax codes

In implementation project search for task ‘Manage Tax Codes’ >> Go to Task >> Create
>> Directly click on create for Tax Regime Code and Tax
Save and Close
v) Create Tax classi ication (In EBS we call as Tax Group)

In implementation project search for task ‘Manage Withholding Tax Classi ications’ >>
Go to Task >> Create
Save and Close >> Done
vi) Assign Tax Classi ication/ Tax group to standard Supplier

Go to your Supplier >> Procurement >> Suppliers >> Open Tata Supplier >> Edit >>
Income Tax >> Enable Use Withholding tax and provide TATA WHT GROUP as
Withholding Tax Group >> Sites >> Edit >> Site Assignments >> Enable Use
Withholding tax and provide TATA WHT GROUP as Withholding Tax Group >> Save and
Close >> Submit
vii) Create Standard Invoice

Payables >> Invoices >> Create >> Invoice (TATA_MAN_STD_INV_10)
Here we can withholding tax as 2000. We have to pay 8000 to supplier and 2000 to tax
authority.
Save and Close
viii) System creates Withholding Tax invoice with Tax amount

Manage Invoices >> Search for your WHT Supplier >> You can see WHT Invoice >> You
can validate and continue the process
39. Pay Alone con iguration and process

For same supplier we cannot issue single cheque for multiple invoices. We have to
issue multiple cheques for multiple invoices.
i) Enable PayAlone option at Supplier level
ii) Create invoices
iii) Payment
i) Enable PayAlone option at Supplier level

Manage Supplier >> Search for your supplier (Tata Supplier) and remove Withholding
Tax at Site level and Header level.
Manage Supplier >> Search for your supplier (Tata Supplier) >> Payments >> Payment
Attributes tab >> Payment Speci ications tab >> Enable Pay each invoice alone >>
Repeat this step at Addresses and Site level >> Submit
ii) Create Invoices:

Invoice: TATA_MAN_STD_INV_11 and TATA_MAN_STD_INV_12
Invoice Actions >> Manage Installments >> Pay Alone checkbox is enabled
Validate and Post to Ledger
iii) Payment
Create Payment >> We should be able to add only one invoice and when try to another
invoice we see error message ‘You cannot pay this invoice with other invoices because
it is a pay alone invoice or you already selected a pay alone invoice. (AP-810069)’. >>
Save and Close
40. Foreign currency invoice & payment – con iguration & process
i) Enable multi currency option for bank account
ii) De ine daily rates
iii) Create invoice in USD
iv) Payment in USD
i)Enable multi currency option for bank account

Go to implementation project and search for task ‘Manage Bank Accounts’ >> Go to
Task >> Search your bank account >> Edit >> Enable Multicurrency account check box
>> Save and Close
ii)De ine daily rates

Pre-Requisite is ADF-di
In implementation project search for task ‘Manage Daily Rates’ >> Go to Task >> Daily
Rates >> Create in Spreadsheet >> Save and Open ile
Submit >> Ok
•Number of records successfully inserted: 1
•Rates are loaded into the daily rates interface table. Your process 1488378 has been
submitted.
Now go to Daily Rates tab >> Search
iii) Create invoice in USD

Invoice: TATA_MAN_STD_INV_13 >> Take currenct as USD >> Validate & Post to Ledger
iv) Payment in USD

Create Payment
Verify the conversion details in Conversion tab
41. Supplier Merge Process

Merging one supplier with another Supplier and we cannot reverse this activity. Lets
merge Tata Corp Supplier with Tata Supplier.
Procurement >> Suppliers >> Create Supplier >> Supplier: Tata Corp Supplier;
Business Relationship: Spend Authorized; Tax Organization Type: Corporation >>
Create >> Addresses >> Create
Save and Close >> Sites >> Create
Site Assignments >> Create >> Enter Client BU and Bill-to BU >> Save and Close
Tasks panel >> Merge Suppliers >> Add row
Submit
Veri ication: If any invoices exist in Tata Corp Supplier then we can verify under
manage invoices.
42. Interest Invoice con iguration & process

i) Enable “Create Interest Invoice” at invoice options
ii) Set “Create Interest Invoice” at Supplier site level (In EBS we used to enable at
Supplier level)
iii) De ine interest rates
iv) Create invoice with past date and payment terms as immediate
v) Payment with todays date

vi) System creates interest invoice
i) Enable “Create Interest Invoice” at invoice options

Enable ‘Create interest invoices’; Minimum interest amount: 10; Interest expense
distribution: C01.D01.E03; >> Save and Close
ii) Set “Create Interest Invoice” at Supplier site level (In EBS we used to enable at
Supplier level)
Procurement >> Suppliers >> Tasks panel >> Manage Supplier >> Open your supplier
>> Sites >> Edit >> Invoicing tab >> Create Interest Invoices: Yes >> Save and Close >>
Submit
iii) De ine interest rates

In implementation project search for task ‘Manage Interest Rates’ >> Create >> From
Date: 11/1/18; To Date: 12/31/18; Rate: 10% >> Save and Close
iv) Create invoice with past date and payment terms as immediate
Payables >> Invoice >> Create (TATA_MAN_STD_INV_14); Take some past date (01-
Nov-2018) >> Validate >> Save and Close
v) Payment with todays date

Payables >> Payments >> Create Payment >> You can see that the interest has been
calculated.
Save and Close
vi) System creates interest invoice

Go to invoice workbench >> Check the new invoice (TATA_MAN_STD_INV_14-INT1);
Type: Interest; Description: Interest 29 Days at 10 Percent
43. Recurring invoice con iguration & process

i) Create Payables calendar (Special calendar in EBS)
ii) Create Recurring invoices from spreadsheet
i) Create Payables calendar (Special calendar in EBS)

In implementation project search for task ‘Manage Payables Calendars’ >> Go to Task
>> Create
Save and Close
ii) Create Recurring invoices from spreadsheet

Payables >> Invoices >> Tasks panel >> Create Recurring Invoices >> Save and open
spreadsheet
*Business Unit: Tata Business Unit

*Invoice Number: TATA_REC_INV_1
*Invoice Amount: 1,000.00
**Supplier[..]: Tata Supplier
**Supplier Number: 1001
*Supplier Site[..]: Tata Supp Site
*Invoice Currency: GBP
Payment Currency: GBP
*Calendar Name[..]: Tata Recurring
*From Period[..]: Oct-18
*To Period[..]: Dec-18
*Amount: 1,000.00
Distribution Set[..]: Tata Distribution Set
Click on Generate >> Check On Failure >> The number of recurring invoices created is
3.
Now we verify these recurring invoices in invoices workbench.
Invoice Number: TATA_REC_INV_1_1; Date: 01-Oct-2018; Amount: 1000
Invoice Number: TATA_REC_INV_1_2; Date: 01-Nov-2018; Amount: 1000
Invoice Number: TATA_REC_INV_1_3; Date: 01-Dec-2018; Amount: 1000
44. Third Party Payments con iguration & process

i) Create third party supplier (Tata Third Party Supplier)
ii) Con igure invoice options for third party payments
iii) Con igure payment options for third party payments
iv) Establish relation between Tata Supplier and Tata Third Party Supplier
v) Create standard invoice with Tata Supplier
vi) Remit payment to different supplier (Tata Third Party Supplier)
i) Create third party supplier (Tata Third Party Supplier)

Procurement >> Supplier >> Tasks panel >> Create Supplier >> Supplier: Tata Third
Party Supplier; Business Relationship: Spend Authorized; Tax Organization Type:
Corporation >> Create >> Addresses tab >> Create >> We can enable Ordering and
Remit to, Payments: Check as default >> Save and Close >> Sites tab >> Create >> Save
and set Payments: Check as default >> Site Assignments tab >> Autocreate
Assignments >> Save and Close >> Submit >> Done
ii) Con igure invoice options for third party payments

Enable ‘Allow remit-to supplier override for third-party payments’ >> Save and Close
iii) Con igure payment options for third party payments

In implementation project search for task ‘Manage Payment Options’ >> Go to Task >>
Enable ‘Allow payee override for third-party payments’ >> Save and Close
iv) Establish relation between Tata Supplier and Tata Third Party Supplier
Open Tata Supplier >> Sites >> Invoicing tab >> Click on create at third-party payment
relationships >> Remit-to Supplier: Tata Third Party Supplier; Address Name: Tata
Third Party Supplier Address; From date: Todays date; Also we can default this option
>> Save and Close
v) Create standard invoice with Tata Supplier

Invoice number: TATA_MAN_STD_INV_15; Invoice Actions >> Manage Installments >>
Select Remit-to Supplier >> Save and Close >> Validate >> Save and Close
vi) Remit payment to different supplier (Tata Third Party Supplier)

Payments workbench
Save and Close >> Con irmation: Payment 11 for 15,000.00 GBP has been created.
45. Cross currency payments con iguration & process

Same con igurations will be required here which we de ined for Foreign currency.
i) Enable multi currency option for bank account
ii) De ine daily rates
iii) Create invoice in GBP
iv) Payment in USD
i)Enable multi currency option for bank account

Go to implementation project and search for task ‘Manage Bank Accounts’ >> Go to
Task >> Search your bank account >> Edit >> Enable Multicurrency account check box
>> Save and Close
ii)De ine daily rates

Pre-Requisite is ADF-di
In implementation project search for task ‘Manage Daily Rates’ >> Go to Task >> Daily
Rates >> Create in Spreadsheet >> Save and Open ile
Submit >> Ok
•Number of records successfully inserted: 1
•Rates are loaded into the daily rates interface table. Your process has been submitted.
Now go to Daily Rates tab >> Search
iii) Create invoice in GBP

Invoice: TATA_MAN_STD_INV_16 >> Take Amount currency as GBP and click on more
to set Payment Currency as USD >> Validate & Post to Ledger
iv) Payment in USD

Create Payment
Verify the conversion details in Conversion tab
46. Create hold and release reason

i) Create hold reason
ii) Create release reason
iii) Create standard invoice and place on hold
iv) Invoice payment
v) Release hold
i) Create hold reason

In implementation project search for task ‘Manage Invoice Holds and Releases’ >> Go
to Task >> Create >> Type: Invoice hold reason; Name: Tata Invoice Hold Reason;
Description: Tata Invoice Hold Reason; Check Allow Accounting and Allow Manual
Release >> Save and Close
ii) Create release reason

Create >> Type: Invoice release reason; Name: Tata Invoice Release Reas; Description:
Tata Invoice Release Reas >> Save and Close
iii) Create standard invoice and place on hold

Invoice: TATA_MAN_STD_INV_17 >> Invoice Actions >> Manage Holds >> Create >>
Enter hold name and reason >> Save and Close.
iv) Invoice payment

Since the invoice is on hold, payment will not take place. The status of invoice remains
– Needs revalidation.
v) Release hold
Invoice Actions >> Manage Holds >> Enter release name and reason >> Save and Close.
Now you can process with Payment. Invoice Actions >> Pay in Full
Submit
47. Supplier refund process

i) Create prepayment invoice -10,000
ii) Process payment for prepayment invoice – 10,000 – 6,000 = 4,000
iii) Create standard invoice – 6,000
iv) Apply prepayment on invoice – 6,000

v) Create dummy invoice for 4,000
vi) Apply prepayment on dummy invoice
vii) Create Credit Memo
viii) Payment of Credit Memo
We have to get 4,000 from supplier for which we create credit memo and then we
record that payment.
i) Create prepayment invoice -10,000
ii) Process payment for prepayment invoice – 10,000 – 6,000 = 4,000

Invoice Actions >> Validate >> Pay in Full >> Payment 14 for 10,000.00 GBP has been
created >> Post to Ledger
iii) Create standard invoice – 6,000

Save and Create Next
Invoice Actions >> Validate
iv) Apply prepayment on invoice – 6,000

Invoice Actions >> Apply or Unapply Prepayments >> Select particular line >> Apply
>> Done >> Validate
v) Create dummy invoice for 4,000

Invoice Actions >> Validate >> Apply or Unapply Prepayments >> Select particular line
>> Apply >> Done >> Validate
vi) Apply prepayment on dummy invoice

Invoice Actions >> Apply or Unapply Prepayments >> Select particular line >> Apply
>> Done >> Validate
vii) Create Credit Memo of 4,000

Validate >> Save and Close
viii) Payment of Credit Memo

Payments >> Tasks panel >> Create Payments
Save and Close
48. Create Aging periods & testing

i) Create invoices with past date
ii) Create Aging periods
iii) Run aging report
i) Create invoices with past date

Invoice: TATA_MAN_STD_INV_22; Amount: 10,000;Date: 01-Nov-2018; Terms Date: 01-
Nov-2018
Invoice: TATA_MAN_STD_INV_23; Amount: 20,000; Date: 01-Nov-2018; Terms Date:
02-Nov-2018
ii) Create Aging periods

In the implementation project search for task ‘Manage Aging Periods’ >> Go to Task >>
Create
iii) Run aging report

Navigator >> Tools >> Scheduled Processes >> Schedule New Process >> Payables
Invoice Aging Report >> Business Unit: Tata Business Unit; Sort Invoices By: Trading
Partner; Include Invoice Detail: Yes; Include Supplier Site Detail: Yes;Aging Period: Tata
Aging Period >> Submit >> Look for pdf output to get list of invoices.
49. Create Accounting entries & transferring to GL

All the unaccounted invoices will be accounted
Payables >> Invoices >> Tasks panel >> Create Accounting
Submit >> Ok >> Cancel >> Go to ESS job page and verify the status.
General Accounting >> Journals >> Tasks panel >> Manage Journals >> Search with
Accounting period (Dec-18) and source (Payables) >> Open any Journal >> Click on
amount hyperlink
50. Payables to GL Reconciliation

i) Set Financial Category for control accounts (value attributes — In EBS segment
quali iers)
ii) Run “Prepare Payables to General Ledger Reconciliation” process
iii) Submit Payables to Ledger Reconciliation process
i) Set Financial Category for control accounts (value attributes in fusion = segment
quali iers in EBS)
In implementation project search for task ‘Manage Common Options for Payables and
Procurement’ >> Go to Task >> Liability account is L03
Again search for task ‘Manage Chart of Accounts Value Sets’ >> Go to Task >> Search
for Value Set Code: Tata Account Value Set >> Manage values >> Search L03 >> Mark
Financial category as Accounts payable >> Save and Close
ii) Run “Prepare Payables to General Ledger Reconciliation” process

In ESS job page run ‘Prepare Payables to General Ledger Reconciliation’ >> Request
Name: AP-GL Recon Dec-18; Ledger: Tata Ledger; Accounting Period: Dec-18 >> Click
on ilter conditions de ined >> Account equals L03 >> Submit
iii) Submit Payables to Ledger Reconciliation process

Go to invoice work bench >> Tasks panel >> Payables to Ledger Reconciliation >> The
difference amount will be highlighted in red. Click on amount and see the reason.
Correct and again start from step ii with new Request Name.
51. Invoice Approval con iguration & testing

AME in EBS = BPM in Fusion
i) Create two users

ii) Create two approval groups
iii) Create two rules
iv) Enable invoice approval in invoice options
v) Test two invoices
i) Create two users
User Approval Limit/ Rules Approval Group
Amount same or less than

SRIKANTH.EMPLOYEE EMPLOYEE_AG
10000
SRIKANTH.APPROVER Amount more than 10000 APPROVER_AG
Enable invoice approvals for BU in invoice options
No need to assign roles to SRIKANTH.APPROVER since he wont be part of any

transactions other than approving.
ii) Create two approval groups

In FSM page search for task ‘Manage Approval Groups’ >> In BPM Worklist page click
on Create
Save
Save >> Task Con iguration >> Search for ‘FinApInvoiceApproval’ >> Assignees >>
Disable nodes which are enabled (Blue highlighted icons) >> Select that particular
node >> Advanced >> Check Ignore Participant >> Enable only one node to de ine the
rules. Select node which has single participant and uncheck ignore participant.
iii) Create two rules

Click on Go to rule >> Being the test environment you can disable the existing rules >>
Expand >> Show Advanced Settings >> Uncheck the Active >> Save and Commit.
Click on Go to rule >> Add Rule
**Do not enter 10,000 amount directly, click on search >> enable constant and then
enter 10,000 value.
Validate >> Save >> Commit
Add one more rule:
Validate >> Save >> Commit
iv) Enable invoice approval in invoice options

Enable ‘Enable Invoice Approval’ >> Save and Close
v) Test two invoices

TATA_MAN_STD_INV_24 – 5000GBP
TATA_MAN_STD_INV_25 – 15000GBP
Validate >> Invoice Action >> Approval >> Initiate >> Save and Close
We can see at Noti ications or Payables Dashboard. After sometime you can see Invoice
summary as Approval: Work low approved
52. Payment Format

In Fusion url remove the extension and give as .com/xmlpserver
Ex: https://abc.oracledemos.com/xmlpserver
Catalog Folder >> Shared Folders >> Financials >> Click on Payments >> Under
Disbursement Payment File Formats, click in more >> Customize >> Standard Check >>
Edit >> Save the ile and rename to TataStandardCheck >> Next click on View a list >>
Create >> Upload >> Layout name: Tata Standard Check Format; Upload ile; Type: RTF
Template; Locale: English(United States) >> Upload >> Save >> View a list >> You can
change output format (PDF) & default format (PDF) >> Save
Now again switch back to Fusion instance >> In FSM page search for task ‘Manage
Formats’ >> Select Type: Disbursement Payment File Formats >> Create >> Name: Tata
Check Format; Code: TATA_CHECK_FORMAT; BI Publisher Template: Tata Standard
Check Format
In FSM page search for task ‘Manage Bank Accounts’ >> Search for your bank account
>> Edit >> Payment Documents >> Edit >> Format: Tata Check Format >> Ok >> Save
and Close
In FSM page search for task ‘Manage Payment Process Pro iles’ >> Search for your
name >> Edit >> Payment File Format: Tata Check Format >> Save and Close
53. Invoice Image Solution

Client has to subscribe for this imaging solution with Oracle.
In Fusion url remove the extension and give as .com/imaging
Ex: https://abc.oracledemos.com/imaging
Oracle corp. provides an email ID and the images need to be routed to that email ID.
The images will be scanned and will be imported into our server via Import Invoices
task (discussed below).
This service is available for expense reports and payables invoice.
Click on Payables Invoice Search >> Search >> These are the invoices which are
submitted to imaging server >> Select any invoice and launch >> Open the image >>
In case you see any issues then click and update and upload new image
Go to invoice workbench >> We can see Scanned section…0-7 days, 8-14 days… >> We
have these invoices due to imaging >> Click on any invoice and we can see details
Tasks panel >> Import Invoices >> Enter your BU name, Ledger and Source: Invoice
Image >> Submit >> Cancel (Now system will import all the images into payables
application which belongs to same BU)
54. 1z0-961 – Oracle Financials Cloud: Payables 2017 Implementation Essentials

1. 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. Voided
B. Negotiable
C. Cleared
D. Available
E. Stop initiated
F. Canceled
Answer: B (Veri ied)
2. Identify two ways the invoice imaging solution works in the Cloud.
A. Customers scan and store the invoice images on-premise and attach them during
invoice entry.
B. Customers ask suppliers to send electronic invoices.
C. Customers cannot use invoice imaging in the Cloud.
D. Customers scan the invoice on-premise and email the images.
E. Customers ask their suppliers to scan and email the invoice.

Answer: D & E (Veri ied)
3. 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 with the status of Issued.
B. A payment for an invoice with an associated Withholding Tax invoice.
C. A payment that has been accounted and posted to General Ledger.
D. A payment that pays a prepayment that has been applied to an invoice.
E. A payment that has already cleared the bank.
4. Which three types of payments can you make if you have access to Disbursement
Process Management Duty?
A. Supplier payments
B. Ad hoc payments
C. Employee advances
D. Customer refunds
E. Reimbursement of employee expense reports
Answer: A, D & E (Veri ied)
5. What is the difference between subject areas that append the word “Real Time” and
those that do not?
A. There is no difference.
B. The “Real Time” subject areas are based on real-time transactions in the
applications, and those that are not, are based on data stored in the Oracle Business
Intelligence Applications data warehouse.
C. The “Real Time” subject areas are based on subledger transactions and the ones that
are not are based on general ledger balances.
D. The “Real Time” subject areas are based on real-time transactions and those that are
not, are based on historical data.

6. You need to enter a last-minute invoice during the close process. What is the
quickest way to enter and post the invoice to general ledger?
A. Enter and post a manual journal entry directly into the general ledger.
B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the
Account and Post to Ledger option.
C. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the
invoice, validate it, create accounting, and then open general ledger’s Manage Journals
page and post the associated invoice journal entry.
D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice
from the spreadsheet.
7. Which two statements are true when you are using the Intercompany Reconciliation
Process?
A. Transaction Summary Report will show only transactions with status received.
B. The reconciliation period summary report will show the intercompany receivable
and the intercompany payable lines generated by the intercompany balancing feature.
C. Ledger balancing lines are generated when the primary balancing segment value is
in balance but either the second balancing segment or the third balancing segment is
out of balance.
D. You must run the Extract Intercompany Reconciliation Data job.
E. The reconciliation period summary report will not show the intercompany
receivables and intercompany payables lines generated for the provider and receiver
of each intercompany transaction.
Answer: B & D (Veri ied) The intercompany reconciliation process starts with running
the Prepare Intercompany Reconciliation Reporting Information process.
8. How will system evaluate the tolerances for expense reports?

A. System will calculate warning tolerance as Policy Rate * (1+ Warning
Tolerance/100).
B. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error
Tolerance/100).
C. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|)
currency precision.
D. System will calculate warning tolerance as Policy Rate * (1 + Warning
Tolerance/100)* currency precision.
E. System will use absolute amount tolerance setup to do validations.
Answer: B (Unveri ied)
9. Your customer has implemented English as base language and French as a local
language. The customer’s bank needs the payment ile to be sent to them in French.
What is the relevant step to do this for preparing the payment template?
A. Create your template in English language. then upload it to Business Intelligence
(BI) under the custom/payment folder, under the templates region. Use English locale
and generate the XLIFF ile.
Then upload the ile back under the translated region.
B. Create your template in the local language. then upload it to Business Intelligence
(BI) under the custom/payment folder, under the templates region. Use English locale
and generate the XLIFF ile.
Then upload the ile back under the translated region.
C. Create your template in English language. then upload it to Business Intelligence
(BI) under the custom/payment folder under the templates region with country locale.
D. Create your template in local language. then upload it to Business Intelligence (BI)
under the custom/ payment folder under the templates region with country locale.
Answer: A (Unveri ied)
10. You are using the Payable’s Deferred Expense feature (also known as Multiperiod
Accounting). You have entered an invoice for a three-month lease that is entered on Jan
10th. The total expense is $12,000 and it covers the rental period from Jan 1st to mar
31st.
Assuming that the rental expenses are split evenly per month and a monthly
accounting calendar is used, what would the accounting entry be?
A. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
B. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
On Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
C. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and then
On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
D. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
Answer: C (Veri ied)
11. When creating a check payment, from where is the payment document defaulted?
A. Business Unit
B. Back Account
C. Legal Entity
D. Supplier
E. Bank
12. You need to submit a 1099 report; your State format has changed slightly since last
year. How should you submit your 1099s for the State in the current year?
A. Run and submit your 1099s because it will automatically re lect any changes.
B. Manually enter the 1099s for the State and submit.
C. Edit the 1099 template to re lect the changes, and then run and submit the 1099
report.
D. Generate a 1096 form and submit it instead.
Answer: C (Unveri ied)
13. You want to route invoices to three different approvers at the same time and only
one approver needs to approve the invoice. Which approval ruleset should you use?
A. InvoiceApproversSingleParticipantInParallelMode
B. InvoiceApproversParallelParticipantInParallelMode
C. InvoiceApproversFYIParticipantInParallelMode
D. InvoiceApprovers
Answer: D(Unveri ied)
14. Which two setups are required to ensure the same tax is applied on both
intercompany payable and receivable invoice?
A. First enter Payable transaction to calculate tax and then for Receivable Transaction.
B. Ensure that both the receiver and provider business units and legal entities are
subscribed to the applicable tax regime on the transaction date.
C. Tax for inter-company is to be loaded using Create Taxable Transactions in
Spreadsheet.
D. Payable options are receivable system options should have same tax application
options.
E. You should check if any speci ic rules de ined should cover both
Sales_transactionand purchase_transactionbusiness category.
Answer: A & B (Veri ied)
15. In what order should the import process be run when importing suppliers?
A. any order
B. Supplier, Supplier Site, Supplier Site Contacts, Supplier Site Assignments
C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
16. Your company policy requires that receipts be attached to expense report items
before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?
A. Users can maintain scanned receipts in a central repository and provide a reference
number in the expense report.
B. An expense report may require original, imaged, or both types or receipts.
C. Expenses do not create payment requests for expense reports that have missing or
overdue receipts.
D. Receipts are not required if the expense item falls within Per Diem Rates.
Answer: B & C (Veri ied)
17. What happens if a company runs the Payables Unaccounted Transactions Sweep
program for February
2016 if the invoices with a Hold status have an invoice date of January 20, 2016?
A. The accounting dates of all unaccounted invoices will be changed to February 1,
2016, the irst day of the next period.
B. The accounting dates of all unaccounted invoices will remain unchanged at January
20, 2016.
C. The accounting dates of all unaccounted invoices will be changed to February 20,
2016, the same day of the next period.
D. The accounting dates of all unaccounted invoices will change to February 28, 2016,
the last day of the next period.
Answer: A (Re-verify)
18. Identify what Oracle considers two best practices when setting up Payables and
Receivables account access for bank reconciliation.
A. Only business units who use the same ledger as the bank accounts owning legal
entity can be assigned access.
B. Business units must be granted access to the bank account.
C. Assign a few general ledger cash accounts to multiple bank accounts to facilitate
book-to-bank reconciliation.
D. Allow bank accounts to be accessed by all roles and users because the default valued
to secure a bank account by users and roles is No.
E. Do not assign bank accounts to business units.

Answer: A & B (Veri ied)
19. If you accidentally paid an invoice using Create Payment low, can you undo the
operation?
A. no
B. yes, by canceling the payment process from the process monitor
C. yes, by voiding the payment created
D. Cancel the invoice and create a new one.
E. yes, by creating a credit memo to offset the payment
Answer: C (Re-verify)
20. A company has a requirement to default the disbursement bank account when
submitting a Payment Process Request.
Which two actions will accomplish this?
A. De ine the Disbursement Bank Account at the business unit level to have the
payment process derive the bank account.
B. Assign the Disbursement Bank Account to users to have the payment process default
the bank account.
C. De ine the Disbursement Bank Account to every supplier.
D. Create a Payment Process Request template that includes the Disbursement Bank
Account.
E. De ine the Disbursement Bank Account to the Payment Method in payment default
rules.
21. An invoice for $200 USD and a credit memo for $225 USD are due for payment and
the “Apply credits up to zero amount” option is enabled for the payment process
request. Which statement is correct?
A. The payment process request pays only $200 USD alone.
B. The payment process request creates a refund for $225 USD and leaves the invoice
unpaid.
C. The payment process request applies $200 USD of the credit memo to the invoice,
leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
D. The payment process request doesn’t select the invoice or credit memo for payment
because the credit reduces the payment to – $25 USD, which is below zero.
22. You have two business units, Vision Operations and Vision Services. How can you
enable expense auditors to audit expense reports for speci ic business units?
A. Assign the Expense Auditor job roles to each auditor.
B. Assign the Expense Auditor as the owner of each business unit.
C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services
data roles to each Expense Auditor.
D. Use segment value security rules to secure access to business units.
23. You are using both Procurement and Financials. You want the system to
automatically accrue uninvoiced receipts. Select two true statements.
A. For period end accruals, accounting is created at material receipt or at delivery to a
inal destination.
B. For period end accruals, the invoice accounting debits the expense account and
credits the liability account.
C. For perpetual accruals, the invoice accounting debits the accrual account and credits
the liability account.
D. For period end accruals, the invoice accounting for inventory items debits receipt
inventory and credits the uninvoiced receipts.
24. What is the invoice type of an unapproved, unmatched invoice that was created in
Fusion Supplier Portal?
A. iSupplier Invoice
B. Credit Memo
C. Standard Invoice
D. Standard invoice request
E. Supplier payment request
Answer: D (Veri ied)
25. You have created an approval rule as follows:

Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will
happen?
A. Invoice will be auto-approved.
B. Invoice will not be processed.
C. The system will issue an error message after the approval has been initiated.
D. Invoice will be sent to User 1 for approval.
26. The expense auditor has chosen to Request More Information for an expense
report. Select two ways the system processes this action.
A. The expense report is routed back to the approvers.
B. The employee must reply to the noti ication before the reimbursement process can
continue.
C. The expense report status remains Pending Payables Approval.
D. The employee must resubmit the expense report.
Reference: https://docs.oracle.com/cd/E51367_01/ inancialsop_gs/FAWDE/F100500
4AN12125.htm
27. Select three statements about the submission of invoices by suppliers using
Supplier Portal.
A. A supplier can submit a single invoice against multiple purchase orders across
different currencies and organizations.

B. A supplier can submit invoices against open, approved, standard, or blanket
purchase orders that are not fully billed.
C. A supplier can validate the invoice after submitting it.
D. A supplier can submit a single invoice against multiple purchase orders, provided
the currency and organization for all the invoice items are the same as those on the
purchase orders.
E. A supplier can not make changes to the invoice after submitting it.
Answer: B, D & E (Veri ied)
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T4632
32.htm
28. You have 10 ledgers and 30 business units and want to leverage Reference Data
Sets. What is the function of Reference Data Sets?
A. allow you to share reference data, such as payment terms, across multiple business
units to avoid redundant setup
B. allow you to assign multiple business units to users in a shared service center
C. allow you to maintain sets of related data in a Data Dictionary
D. allow you to secure data by business unit
Answer: A (Veri ied)
29. Which statement is correct if the payment terms entered in the invoice differ from
the payment terms on the purchase order?
A. The user needs to specify which payment term to use.
B. The payment term of the purchase order overrides the invoice payment term.
C. The payment term of the invoice overrides the purchase order payment term.
D. The purchase order payment term cannot be overridden.
E. The user needs to manually change the payment term on the invoice to match the
purchase order payment term.
Answer: C or E (Re-verify)
30. What are the output formats supported for Electronic and Check format programs?
A. Electronic output format of XML, Check output format of rtf
B. Electronic output format of PDF, Check output format of PDF
C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
D. Electronic output format of Text, Check output format of Text
E. Electronic output format of etext, Check output format of rtf
31. An installment for $2,000 USD is due for payment on July 31, 2016. The installment
has two discounts: the irst discount date is June 15, 2016 for $150 USD and the
second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
– Payment Date = June 20, 2016
– Pay Through Date = July 30, 2016
– Date Basis = Due Date
What will be the resulting status of the installment and discount?
A. The installment is selected and a discount of $150 USD is applied.
B. The installment is not selected because the discount dates are before the Pay
Through Date.
C. The installment is selected and a discount of $50 USD is applied.
D. The installment is not selected because the due date is after the Pay Through Date.
E. The installment is selected and no discount is applied.
Reference: https://docs.oracle.com/en/cloud/saas/ inancials/r13-
update17d/fappp/payments.html#FAPPP231399
32. Which is the Payables tool based on real-time data?

A. Essbase Cube
B. Oracle Financial Reporting (FR)
C. Oracle Transactional Business Intelligence (OTBI)
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)

33. You are resolving payment validation errors during the payment build process.
Which two actions can you perform to resolve these errors?
A. Run the create accounting program.
B. Run the invoice validation program.
C. Remove the documents or payments causing the error and resume the payment
process.
D. Correct the setup errors for remittance bank accounts, third party payees, payment
methods, or payment formats and submit resume payment process.
E. Terminate the payment process request.
Answer: C, D & E (Veri ied)
Reference: https://docs.oracle.com/en/cloud/saas/ inancials/18b/fappp/payments.h
tml#FAPPP591550
34. During your business trip to the UK, you took a taxi ride and paid for it by using
your personal Visa credit card. While entering your expenses, you get a warning that a
different conversion rate was applied to the taxi expense by Visa than the one used by
your company.
How do you handle this situation?
A. Use the corporate-de ines conversion rate even if it means you will not be
reimbursed fully.
B. Call Visa to address the issue and tell them to make adjustments to their conversion
rate. Then, wait to get a revised statement.
C. Do not enter the taxi expense and call your Finance Department so that they can
make changes in the conversation rate settings and you do not violate the allowable
limit.
D. Overwrite the conversion rate with the one Visa provided and enter a justi ication
that Visa used a different conversion rate.
Answer: C
35. Identify three scenarios where you are not allowed to cancel an invoice.
A. Prepayments were applied to the invoice.
B. The invoice was adjusted by a credit or a debit memo.
C. An accounting entry has been created for the invoice.
D. The invoice is validated.
E. The invoice is fully or partially paid.
Answer: A, B & E (Veri ied)
update17d/fappp/invoices.html#FAPPP1334054
36. Which invoice types can be included in the Create Payment low?
A. Standard, Debit Memo and Customer Refund
B. Standard, Credit Memo, and Invoice Request
C. Standard, Credit Memo and Customer Refund
D. Standard, Credit Memo and Debit Memo
Answer: D (Unveri ied)
37. While processing an expense report, the system placed a payment hold on the
expense report. What are two ways to release payment holds?
A. The employee can manually release the hold.
B. The employee’s supervisor can manually release the hold.
C. Payables Manager can release payment holds in Payables.
D. The expense auditor can manually release the payment hold at his discretion.
E. Based on the receipt status, the Expenses program can automatically release the
payment hold once it detects that receipts are received or waived.
Reference: https://docs.oracle.com/cloud/farel12/ inancialscs_gs/FAWDE/FAWDE10
05004.htm#FAWDE1004999
38. A Payment Process Request was submitted and errors were found in the payment
ile. The payment ile and process were terminated.
Which two statements are true?

A. The status of the payment ile is Terminated.
B. The status of the payment ile is Cancelled.
C. The status of each payment in the payment ile is Cancelled and the related
documents are available for future selection.
D. The status of each payment in the payment ile is Terminated.
E. The invoices are placed on payment hold.
Answer: A & C (Re-verify)
39. What job roles are required to access information within Functional Setup
Manager?
A. Application Implementation Manager
B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any Functional User
E. IT Security Manager
Answer: A & C (Veri ied)
40. The Accounts Payable Manager voided a foreign currency payment due to
insuf icient funds. Which three statements are correct?
A. Voiding the payment automatically places an invoice on hold.
B. All related withholding tax invoices are automatically voided.
C. Any previous accounting and payment records for an invoice are reversed.
D. All related interest invoices are reversed if previously created.
E. Any realized gain or loss previously calculated is reversed.
Answer: B, C & D (Re-verify)
41. You have a high volume of invoices to enter that have similar lines and do not
require extensive validation.
What must you do if you want to group multiple invoices in a batch during spreadsheet
entry?
A. Enable the invoice option Require Invoice Grouping, and the system automatically
groups invoices entered in the same spreadsheet.
B. Make sure the Invoice Number is the same.
C. Make sure all the invoice dates are the same.
D. Enter a value in the Invoice Group ield to group similar invoices into a batch.
E. Assign the same Invoice Header Identi ier to multiple invoices you want to group.
Answer: E (Re-verify)
42. When submitting the Payables to General Ledger Reconciliation report, the extract
did not select any data.
What should you check?
A. Make sure you assigned a Financial Category of Accounts Payable to all your liability
natural account values.
B. Make sure you assign an Account parameter when running the extract to include
liability account.
C. Make sure you speci ied a Business Unit in the parameters when running the extract.
D. Make sure you enabled the Reconciliation lag to all of your liability natural account
values.
Reference: https://docs.oracle.com/cd/E51367_01/ inancialsop_gs/OCCAR/F157625
0AN17034.htm
43. Which two statements are true related to con iguration package?
A. You can export and import selected business units.
B. You can export and import the allocation rules from the allocation manager.
C. You can export and import selected business object services.
D. You can export and import the custom roles from Oracle Identity Manager.
E. You can export and import the approval rules from the approval management
engine.
Answer: C & D (Unveri ied)
44. You entered an invoice of 12,000 and paid it for Of ice Supplies. The payment was
never received by the supplier, and you decide to return the entire order. What should
you do?
A. Issue a credit memo, which will debit the liability and credit the expense.
B. Void the payment, which debits cash and credits the liability, and then issue a credit
memo, which debits the liability and credits the expense.
C. Void the payment, which debits cash and credits the liability, and then cancel the
invoice, which debits the liability and credits the expense.
D. Cancel the invoice, which debits the liability and credits the expense.
45. What is the result of voiding a payment?

A. The payment is no longer valid for payment.
B. A stop payment request has been initiated to the bank.
C. A bills payable payment was created but is not yet matured.
D. The payment is reconciled to the bank statement.
46. Which component is not included in the security architecture for credit card data
and bank account data encryption?
A. Payments subkeys
B. Oracle Wallet
C. Sensitive data encryption and storage
D. Supplier master encryption key
E. Payments master encryption key
update17d/faipp/payments-security.html#FAIPP158356
Explanation: The security architecture for credit card data and bank account data
encryption is composed of the following components:
OPSS
Payments master encryption key

Payments subkeys
Sensitive data encryption and storage
47. Which attributes on the payables invoice can be used during approval rule
creation?
A. company and cost center segment only
B. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
C. cost center segment and supplier only
D. supplier only
Answer: Either B or D (Unveri ied)
48. You have invoices with distributions across primary balancing segments that
represent different companies.
What feature should you use if you want the system to automatically balance your
invoice’s liability amount across the same balancing segments on the invoice
distributions?
A. Suspense Accounts
B. Subledger Accounting’s Account Rules
C. Intercompany Balancing
D. Payables’ Automatic Offset
E. Payables’ Allow Reconciliation Accounting
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm
49. Your company wants to generate intercompany transactions in USD but only if the
amount involved is
$3,000 USD or more. Which two intercompany system options are valid?
A. You cannot update the minimum transaction currency when intercompany currency
is entered.
B. Set the intercompany system option minimum transaction amount of $3,000 USD.
C. Intercompany invoices will be generated for the minimum accountable amount set
at the payable invoice options and receivable system options.
D. Approval rules need to set the allow of the intercompany transactions to be routed
to the receiver or provider.
E. Set the intercompany system option minimum transaction amount to $2,999.99
USD.
Answer: B & C (Unveri ied)
50. Which reports can show you differences between your subledger balances and
general ledger balances to help you reconcile quickly?
A. General Ledger Financial Statements and the Accounts Payable and Invoice
Registers
B. Payables to Ledger Reconciliation report and Receivables to Ledger Reconciliation
report
C. Payables Aging reports with the General Ledger Trial Balance report
D. Payables Trial Balance and General Ledger Trial Balance reports
51. Which dashboard or workarea displays the Scanned Invoices region for invoices
processed through the Payables Integrated Imaging solution?
A. Invoices Workarea only
B. Payables Dashboard and Invoices Workarea
C. Payables Dashboard only
D. Manage Invoices page
E. C-Level executives
52. You have an invoice for $200 USD and a credit memo for $225 USD. In other words,
the credit amount exceeds the invoice amount. If you enable the option to apply credits
up to zero amount payment, then how will the invoice and credit memo be paid?
A. Both the invoice and credit memo are included in the payment process request for a
payment amount of $0 USD. The credit memo is partially paid with a remaining credit
of $25 USD.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. Both the invoice and the credit memo are selected and the Payment Process Request
requires attention.
D. Neither the invoice nor the credit memo are included in the payment process
request because the credit reduces the payment amount below zero.
53. The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to
review the error messages from the Manage Payment Process Request Inquiry?
A. Set the validation failure handling for documents to “show errors”.
B. Set the validation failure handling for payments to “show errors”.
C. Enable debug for the payment format program.
D. Set the validation failure handling for payments to “stop process for review”.
54. Which two statements are true about the Invoice Validation process?
A. validates project information
B. creates tax lines and distributions
C. creates accounting entries in draft
D. creates withholding tax invoices, if withholding tax is enabled to create withholding
tax at payment, so that you can make payment on this invoice
E. updates supplier balances
Answer: A & B (Unveri ied)
55. Your intercompany transaction type is active and enabled for invoicing. What are
the two prerequisites to generate intercompany receivables and intercompany payable
transactions after the Generate Intercompany Allocations process is run?
A. Run the process Transfer Intercompany transactions to Receivables and Transfer
Intercompany transaction to Payables.

B. For the Legal Jurisdiction, Legal function “Generate intercompany invoice” should be
assigned.
C. Supplier site primary pay lag and customer account bill to primary lag should be
enabled.
D. Manual Approvals should be allowed for the transaction type.
E. Schedule create accounting for the intercompany process.
F. Run the processes Create Intercompany transactions to Receivables and Create
Intercompany transactions to Payables.
Answer: A & E (Re-verify)
56. Which three attributes are captured during the scanning of invoice images?
A. Invoice Date
B. Payment Method
C. Invoice Number
D. PO Number
E. Terms Date
Answer: A, C & D (Veri ied)
57. You have just imported invoices from a spreadsheet. What is the validation status
of the imported invoices?
A. Not Required
B. Imported
C. Needs Revalidation
D. Validated
E. Never Validated
Answer: E (Veri ied)
58. Select three reasons why you cannot close your Payables period.
A. unaccounted invoices and payments
B. bills payable requiring maturity
C. suppliers on payment holds

D. unapplied prepayments
E. open intercompany transactions
Answer: A, B & E (Re-verify)
59. You want to customize the Payables Invoice Register template to only display
invoices when the Supplier name is Company A Supplier name is a group that repeats
on every page.
Which is the correct way to customize the template?
A. Insert the syntax <?if:’COMPANY A’?>before the Supplier ield and then enter the
closing tag </<?
if:COMPANY A?>after the invoices table.
B. Insert the syntax <?if:VENDOR_NAME=’COMPANY A’?> before the Supplier ield on
the template.
Then, enter the <?end if?>tag after the invoices table.
C. Hard code Supplier Name “Company A” in the report template and only invoices for
that supplier will be displayed.
D. Insert the syntax <?if:condition?>before the Supplier ield and then enter the closing
tag </<?
if:condition?>.
60. You want to have an invoice line automatically distributed across multiple cost
centers. For example, you want your monthly utility bill allocated across multiple cost
centers based on a percentage.
Select two methods to achieve this.
A. De ine a distribution set and assign it to the supplier.
B. Customize the Subledger Accounting rules to allocate costs.
C. De ine a distribution set and assign it manually to the invoice.
D. Enter the invoice in Payables and then use general ledger’s Calculation Manager to
allocate the costs.

Answer: B & C (Re-verify)
61. 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 choose the “Apply Credits Up to Zero
Amount” option when submitting a Payment Process Request?
A. Neither the invoice nor the credit memo is included in the Payment Process Request.
B. Both the invoice and the credit memo are fully paid.
C. Only the invoice is paid fully but the credit memo is partially paid with a credit of
($100) USD remaining.
D. Both the invoice and the credit memo are included in the Payment Process Request.
Answer: None
Applies 1,000 USD of the credit memo to the invoice and creates a payment for 0 USD.
The remaining credit is 100 USD.
Reference: https://fga.fa.us1.oraclecloud.com/fscmUI/topic/TopicId_P_9F438E13CC8
9BA0CE040D30A68816F77
62. You have modi ied your tax setup and want to test the changes on actual Payables
transaction. How do you validate before enabling for transaction?
A. Oracle Transactional Business Intelligence (OTBI)
B. by creating accounting in draft mode
C. by creating a payable invoice, and by validating and reviewing the tax application
D. by changing the tax status to test and then entering a payables invoice
E. by using Tax Simulator to test
Reference:
https://docs.oracle.com/cd/E56614_01/ inancialsop_gs/FAFTT/F1006654AN226D8.
htm#FAFTT1006654
63. A company makes the payment in a currency different from the invoice and ledger
currency. What setup options are required to make the cross currency rate type the
default?
A. Manage Payable Options and Manage Invoice Options
B. Manage common options for Payables and Procurement and Manage Procurement
agents
C. Manage Invoice Options and Manage Procurement agents
D. Manage Invoice Options and Manage common options for Payables and
Procurement
E. Manage Payable Options and Manage common options for Payables and
Procurement
64. Which statement is true about selecting a bank account on the Create Payment
page?
A. Users can pick any bank account as long as the bank account is tied to the business
unit.
B. Bank account must match the supplier’s bank account.
C. LE on the bank account should be different from the LE on the invoice.
D. There is not relationship between the business unit, bank, and LE. Users can pick
any bank account that is setup in their system.
E. LE on the bank account should be equal to LE on the invoice.
65. You have three procurement business units, four requisition business units and ive
sold-to business units.
For which will the supplier registration lows be deployed?
A. three procurement business units
B. twelve business units per supplier
C. ive sold-to business units
D. one business unit per supplier
E. four requisition business units
66. An installment meets all of the selection criteria of a Payment Process Request but
it still did not get selected for payment processing. Identify two reasons for this.
A. The installment was manually removed.
B. The invoice has not been accounted.
C. The pay-through date is in a future period.
D. The pay-through date is in a closed Payables period.
E. The invoices need revalidation.
Answer: A & E (Veri ied)
Reference:
https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm
Explanation: Why didn’t an installment get selected for payment?
67. You want your expense auditors to audit only expenses reports for speci ic
business units. How do you do this?
A. Create a custom duty role and assign the data roles to each auditor.
B. Assign the auditors speci ic data roles for the corresponding business units.
C. Create your own audit extension rules that correspond to the business unit.
D. Make auditors the managers of the corresponding business unit to route expense
reports properly.
Reference:
https://docs.oracle.com/cd/E29597_01/fusionapps.1111/e20375/F569964AN64F1E
.htm
Explanation: You can enable expense auditors to audit expense reports for speci ic
business units by assigning them speci ic 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.
68. Which method can you use to route payment approval rules?
A. Sequential
B. Parallel
C. Serial and FYI (For Your Information)
D. Both Parallel and Sequential
E. Approval Groups
69. What are the two advantages of using a spreadsheet for correcting invoice import
errors?
A. ability to enter a high volume of invoices via a spreadsheet
B. identi ication of errors with clear error messages at the invoice header level only
C. ability to correct errors within the spreadsheet and send invoice corrections for
approval
D. ability to correct errors and re-import invoices directly from a spreadsheet
E. identi ication of errors with clear error messages at the invoice header and line
levels
70. An installment for $1,000 USD is due for payment on January 10, 2016. The
installment has two discounts:
the irst discount date is December 5, 2015 for $150 USD and the second discount date
is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria;
– Payment Date = December 5, 2015
– Pay Through Date = December 25, 2015
– Date Basis = Pay Date
– Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
A. The installment is selected but no discount is applied because the payment date is
after the discount dates.
B. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
C. The installment is selected and a discount of $150 USD is applied because the
Always Take Discount option was enabled.
D. The installment is selected and a discount of $50 USD (the second discount) is
applied.
E. The installment is not selected because the irst discount date is before the Pay
Through Date.
71. You have successfully processed the expense reports for reimbursement and have
transferred the information to Payables. What is the next step before you can pay
them?
A. Validate the invoice in Payables.
B. Transfer the data to General Ledger.
C. Create a payment process request in Payments.
D. Create Accounting for the invoice in Payables.
72. While entering an expense report for your corporate card transactions, you notice
that the conversion rate de ined in the Manage Conversion Rates and Policies page is
not used.
What is the reason?
A. You did not de ine conversion rates for your business unit.
B. You did not specify a default expense template.
C. You did not de ine conversion rates in the General Ledger Cloud.
D. Only cash transactions use those settings.
73. Which two statements are true about processing corporate card expenses?
A. Conversion rate defaults apply only to cash expenses, not to corporate card
expenses.
B. Conversion rate defaults are applicable to corporate card expenses, just as they are
applicable to cash expenses.
C. You can process payment for credit card using Electronic funds transfer, check, or
wire.
D. Card transactions will be paid directly from Expenses Cloud.
E. Usage policy for expense category tolerances does not apply to credit card expenses.
Answer: A & E(Re-verify)
74. When reviewing installments, what setup is required to override the supplier site
on an invoice?
A. Allow the remit-to supplier override for third-party payments at Manage Payment
options.
B. Allow payee to override for third-party payments while Manage Invoice options.
C. Allow the remit-to supplier address override for third-party payments at Manage
Invoice options.
D. Allow the remit-to supplier override for third-party payments at Manage Invoice
options.
75. Your customer matches their invoices to a purchase order and have noticed that
the payment terms are defaulting from the order. For some suppliers, they would like
to use the payment terms from the supplier site. How can the customer achieve this?
A. Enter the payment terms at the Supplier level so they default onto the invoice.
B. Enter the payment terms in the Manage Payment Options page so they default onto
the invoice.
C. Enter the payment terms at the supplier site level so they default onto the invoice.
D. Enter the payment terms in the Manage Invoice Options page so they default onto
the invoice.
E. Manually override the payment terms that have defaulted from the purchase order
for those suppliers.
76. You are using the Payables Deferred Expense feature (also known as Multiperiod
Accounting). You have entered an invoice for a three-month lease that is
entered on Jan 10th. The total expense is $12,000 and it covers the rental period from
Jan 1st to mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly
accounting calendar is used, what would the accounting entry be?
A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and then
On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000 On
Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000 On Mar
31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
B. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
C. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
https://www.examtopics.com/exams/oracle/1z0-961/view/13/
https://www.studyblue.com/notes/note/n/payables-2017/deck/20552470
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Fusion Accounts Payable

Cloud AP Con igurations

12. Creation of Procurement Agent(Buyer)

47. Supplier refund process

2. Create location for Business Unit

Save >> Submit

3. Create Business Unit

Search for task ‘Manage Business Unit’ >> Create

Save and Close

4. Assign Business Unit Business Functions

5. Create Legislative Data Group (LDG)

Submit >> Request gets submitted

6. Assign Legislative Data Group to LE

7. Employee User creation

LDG is assigned to LE. LE will be assigned to Employee User.

In case the employee user creation provides below error:

Now try to create Employee User

After creation of Employee User:

8. Assign GL Roles to User

9. Assign ‘Data Access Set’ to GL roles

10. Run LDAP Job

11. Assign Project to Employee User

Verify the implementation project (Tata Finance Implementation Project) will be

12. Creation of Procurement Agent(Buyer)

13. Creation of Reference Data Set(RDS)

Save and Close

14. Create Payment Terms and Assign to RDS

Save and Close

Additionally assign ‘Immediate’ payment terms to ‘TATA_RDS’

Save and Close

15. Assign RDS to BU Reference Data Objects

16.Setup common options for Payables and Procurement(Financial Options)

17. Con igure Invoice options

The mandatory values are defaulted. Click on Save and Close.

18. Con igure Payment options

19. Create Distribution Set

Save and Close

20. Assign Supplier Manager and Buyer role to Procurement User

21. Run LDAP job

22. Specify Supplier Numbering

Save and Close

Supplier Pro ile:

Click on Save to enables other tabs at site level.

24.Creation of Bank, Bank Branch, Bank Account and Payment Documents

25.Create Payment Process Pro ile

Go to Task >> Create

Save and Close

26.Assign AP roles to User

Accounts Payable Accounts Payable Accounts Payable

27.Provide Data Access for User

to Task >> Create

Save and Close

28.Run LDAP job

30. Creation of Standard Invoice

Defaulting Business Unit speci ic to User level:

Defaulting Currency at Supplier site level:

Manual Invoice Creation:

Enter DFF value as 1

Invoice Actions >> Validate.

Draft — Preview purpose Draft

Final — Create Accounting happens and

Final Post –Create Accounting,