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Oracle Financials Cloud: Payables 2021 Certified Implementation Specialist
Format: Multiple Choice
Duration: 90 Minutes
Number of Questions: 55
Passing Score: 60%
Validation: This exam has been validated against 21B.
Policy: Cloud Recertificatio
Take recommended training
Complete one of the courses below to prepare for your exam (optional):
In the subscription: Oracle Financials Cloud Learning Subscription
Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Review exam topics
Payables Invoices
Explain the Integrated Imaging Solution
Create and Account for invoices
Manage Suppliers
Payments
Create and Process Payments
Explain Bank Reconciliations
Expenses
Enter Expense Reports
Manage Expense Approval
Process expense reimbursements
Manage Corporate Cards
Audit Expense Reports
Set up Expenses
Configure Payables and Payments
Manage Witholding and Transaction Taxes
Configure Payables and Payments
Manage Business Units
Manage Subledger Accounting
(New) Manage Invoice and Payment Approvals
Reporting and Period Close
Explain Oracle Transactional Business Intelligence (OTBI)
Use Business Intelligence Publisher (BIP) Reports
Use the Payables to Ledger Reconciliation Report
Explain the Close process
QUESTION 1
You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
Which two are the reasons for this? (Choose two.)
A. The payment method for the invoice is Electronic.
B. The invoice is not yet due.
C. The invoice is not validated.
D. The payment supplier site is different to the supplier site on the invoice.
E. The invoice is not accounted.
Correct Answer: BC
QUESTION 2
Which two are classified as Self-Billed invoices? (Choose two.)
A. Customer Refunds initiated from Receivables
B. Evaluated Receipt Settlement (ERS) Invoices
C. Invoices created using Integrated Imaging
D. Expense Reports transferred from Expenses
E. Debit Memos created by the Return to Supplier feature
F. Invoices entered through the Supplier Portal
Correct Answer: BF
Explanation:
Select ERS and Use in the Transaction source parameter when running the Pay on Receipt Auto-invoice concurrent program.
You enable paying your supplier by selecting a method on the Purchasing tab of the Supplier Sites window in Oracle Payables.
QUESTION 3
You have enabled Payment Approval for your payment process requests (PPR).
At what stage of the PPR is the payment approval process automatically triggered?
A. Review Proposed Payments
B. Review Installments
C. Create Payment Files
D. Build Payments
Correct Answer: C
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