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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Identify three attributes of a Single Payment Request.
A) recurring
B) one-time
C) nonrecurring
D) real time
E) batch processing
2. A Payment Process Request is issued with a payment type of Manual.
Which two payment statuses will allow the manual payment to be voided?
A) Issued
B) Cleared
C) Pending proposed payment review
D) Payment file build
E) Negotiable
3. Identify three predefined accounting event classes used by subledger Accounting.
A) Bills Payable
B) Payment Process Request
C) Third Party Merge
D) Expense Report
E) Refunds
4. Select three reasons that a prepayment will NOT be available for applying to invoices.
A) The prepayment validation status is Needs Revalidation.
B) The prepayment validation status is Available.
C) The prepayment is of the Permanent type.
D) The prepayment validation status is Unpaid.
E) The prepayment is of the Temporary type.
5. Identify three correct statements about Invoice Approval.
A) Invoice approval uses Oracle Approval Management to determine who approves invoices and how they will be routed to different approval levels.
B) Invoice approval is required for customer refund payment requests.
C) You can NOT define different approval rules for purchase order matched and unmatched invoice.
D) Approval rules can be set up at position, job, and supervisory hierarchy levels depending on approval needs.
E) You can define different approval rules for purchase order matched and unmatched Invoices.
Solutions:
| Question # 1 Answer: A,B,E | Question # 2 Answer: C,E | Question # 3 Answer: A,C,E | Question # 4 Answer: A,C,D | Question # 5 Answer: A,B,C |







