Oracle Procurement Cloud Certification Exam's

Oracle Procurement Cloud Certification Exam's

Hi friends, we are going to share about the Oracle Procurement Cloud Certification Exam preparation material. We will share the complete set of learning material which help to clear the oracle procurement cloud certification exams. We will share the oracle certification dumps using this, you can pass this cloud procurement certification exams. This is the complete material for your practice of cloud certification exams. We will recommend you to follow this blog and practice this Procurement Cloud Certification Exam's material before giving the Procurement Cloud Certification Exam. Please go through these question series of procurement exams for the certification. The best part of these dumps is that , we are also sharing question answers as well the detail explanation of these answers.                        

Oracle Procurement Cloud Certification Exam Series:-

Question 1

Your customer frequently orders a specific item from a selected list of suppliers. Some of the

suppliers provide the item at a negotiated price, whereas other suppliers change the price

throughout the year.

How should you set up this item in Oracle Procurement Cloud to address both requirements?

Options:

A. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of

agreement for the fixed price supplier.

B. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of

agreement for the varied price supplier.

C. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase

Agreement for the varied price supplier.

D. Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase

Agreement for the varied price supplier.

Answer: C

Answer Explanation: Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.

Question 2

Identify two correct statements about Local area and Contextual areas in the common UI

Shell ?

Options:

A. Local area can drive the contents of the regional area and the contextual area.

B. Contextual area can drive the contents of the local area.

C. Contextual area provides quick access to tools that support business process.

D. Local area includes components that directly affect the Contextual area.

E. Local area is the main work area and typically contains the transaction form.

Answer: C & E

Answer Explanation: Contextual area provides quick access to tools that support business process & Local area is the main work area and typically contains the transaction form are the two options.

Question 3

Which three business users can submit a new supplier request?

Options:

A. Category Manager

B. Supplier Administrator

C. Catalog Administrator

D. Warehouse Manager

E. Self-Service Procurement user

Answer: B, D & E

Answer Explanation: Supplier Administrator, Warehouse Manager & Self-Service Procurement user are the three types of business users which can submit a new supplier creation request in Oracle Fusion.

Question 4

During Oracle Procurement Cloud implementation, all users have been assigned the seeded

Employee role. This role inherits HCM-related links such as Benefits and Career.

However, the customer does not want these links to appear in the navigator for the employees. You have, therefore, been asked to hide these links so that users do not see them in the navigator when they log in. Which configuration will you implement so that these links are not visible in the navigator?

Options:

A. 'Manage Menu Customization' in Functional Setup Manager

B. Select menus in Requisitioning business options

C. Select menus in Procurement Business options

D. Define user in Identity Manager

E. Modify roles in Authorization Policy Manager

Answer: E

Answer Explanation”: For this requirement we need to modify the roles so that unwanted access we can remove from employee role. We need to Modify roles in Authorization Policy Manager.

Question 5

A Procurement Contracts user wants to create a deliverable with output document as

Purchase Order in Oracle Purchasing Cloud. The user would like to know the status of the PO creation and also details of the PO.

Identify the location where the user can view this information ?

Options:

A. The user can view the purchase order in the Deliverable tab of that contract in Procurement

Contracts.

B. The user cannot view the PO information in Procurement contract. They must navigate to

Purchasing.

C. The user can view the purchase order in the "Purchasing Activity" tab under the Fulfillment tab of

that contract in Procurement Contracts.

D. The User can view the PO information under the Purchasing tab in contract line of that contract in

Procurement Contracts.

Answer: D

Answer Explanation: The User can view the PO information under the Purchasing tab in contract line of that contract in Procurement Contracts.

Question 6

Your customer wants to configure six BUs: five Requisitioning BUs and one BU configured as a

shared Procurement BU with only the Procurement function enabled.

How will you define the relationship between the Requisitioning BUs and the Procurement BU?

Options:

A. The Procurement BU must be assigned with the Requisitioning business function in order for it to

be a shared services center.

B. The Payables business function must be assigned in addition to the Procurement business

function.

C. The Procurement BU needs to be configured as a service provider to the Requisitioning BUs.

D. Intercompany transactions need to be defined between the Requisitioning BUs and the

Procurement BU.

Answer: C

Answer Explanation: The Procurement BU needs to be configured as a service provider to the Requisitioning BUs.

Question 7

Your customer is implementing the full suite of Cloud procurement. They would like to know

how best they can utilize the Contract Terms library.

Identify three applications from where users can access the Contract Terms library for setting up

contract terms for different documents ?

Options:

A. Purchasing

B. Procurement Contracts

C. Sourcing

D. Self Service Procurement

E. Supplier Model

Answer: A, B & C

Answer Explanation: Purchasing , Procurement Contracts & Sourcing are the three applications from where users can access the Contract Terms library for setting up contract terms for different documents. 

Question 8

In a Procurement implementation, your customer has a requirement for a given business unit

to enable "funds check" on purchase orders. This requires that budgetary control be enabled.

What configuration must you complete to enable budgetary control in that business unit?

Options:

A. Enable budgetary control by selecting the business unit in scope using the task Configure

Procurement Business Function.

B. Enable budgetary control by selecting the ledger and business unit by using the task Manage

Budgetary Control.

C. Enable budgetary control by selecting the business unit in scope using the task Configure

Procurement and Payables Options.

D. Enable budgetary control in both the Configure Requisition Business Function and Configure

Procurement Business Function by selecting the business unit in scope.

Answer: C

Answer Explanation: Enable budgetary control by selecting the business unit in scope using the task Configure Procurement and Payables Options.

Question 9

Your customer wants to change the Need-by-Date of an open Purchase Order. To make this

change, a Change Order is initiated by the customer and the request is now being reviewed by the

supplier. 

What will be the status of the Purchase Order and the Change Order in the system?

Option's:

A. Purchase Order: Open; Change Order: Open

B. Purchase Order: Open; Change Order: Pending Supplier Acknowledgement

C. Purchase Order: Pending Supplier Acknowledgement; Change Order: Pending Supplier

Acknowledgement

D. Purchase Order: Pending Supplier Acknowledgement; Change Order: Open

E. Purchase Order: Open; Change Order: New

Answer: B

Answer: Purchase Order: Open; Change Order: Pending Supplier Acknowledgement

Oracle Fusion Financials Certification

Oracle Fusion Financials Certification

Hi friends, we are going to discuss about the Oracle Fusion Financials Certification. We will share the complete certification material to prepare the fusion financial certification exams. In Fusion financial certification , we have multiple certification exams. We will share some of the important fusion financial certification question answers dumps to prepare the Fusion Financials Certification exams. You can refer these dumps for the preparation of your fusion financial certification exams. Please find below the complete detail about Oracle Fusion Financials Certification.

Oracle Fusion Financials Certification

4 Types of Oracle Fusion Financials Certifications

1. Fusion Payables Certification

2.Fusion Receivables Certification

3.Fusion General Ledger Certification

4.Fusion Cash Management Certification.

5.Fusion Fixed Assets Certification.

6.Cost Management Certification.

We will share the complete learning material for some of the fusion financial certification exams.

• Oracle Fusion Payable's Certification Dump's
• Oracle Fusion Receivable's Certification Dump's
• Oracle Fusion General Ledger Certification Dump's
• Oracle Fusion Cost Management Certification Dump's

Oracle Fusion Financials Payables Certification

Question 1

Which are the three valid invoice line types ?

 

Options: -

A. Tax

B. Interest

C. Miscellaneous

D. Charges

E. Freight

 

Answer: A, C & E

Answer Explanation:

Option A: Tax lines that are either generated automatically or entered manually.

Option C: Miscellaneous Other charges on an invoice, such as installation or service. Miscellaneous charges can be allocated to Item lines.

Option E: Freight charges on an invoice. Freight charges can be allocated to Item lines

Reference; Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide Invoice Line Types: Explained

Question 2

Identify three correct statements about Invoice Approval.

 

Options: -

A. Invoice approval uses Oracle Approval Management to determine who approves invoices and how they will be routed to different approval levels.

B. You can define different approval rules for purchase order matched and unmatched Invoices.

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. Invoice approval is required for customer refund payment requests.

 

Answer: A, C & E

Answer Explanation:

Option A: Oracle Fusion Payables supports automatic invoice approval using Approval Management extensions

(AMX) of the Oracle SOA Suite and the Oracle Business Process Management (BPM) Suite.

Note: Invoice Approval

If you enable invoice approval, Payables uses the predefined task and rule set “FinApInvoiceApproval”: InvoiceApprovalRuleSet, which you can configure.

Question 3

Where is the Expense Clearing Account and Payment Option set up in Expenses?

 

Options: -

A. Create or Edit Company Account pop-up menu

B. Payables System Options

C. Edit Expenses Systems Options

D. Business Unit System Options

E. Expense Report template

 

Answer: A

Answer Explanation:

Expense Clearing Account and Payment Option, which are set up in the Create or Edit Company Account popup. This account holds accounting for corporate card transactions temporarily. The account is cleared when the expense reports containing the corporate card transactions are processed by Oracle Fusion Payables.

Question 4

Choose three actions that can be performed from the Accounts Payables dashboard?

 

Options: -

A. Export to PDF

B. Export to Excel

C. Reorder Columns

D. Reorder Rows

E. Drill Down

 

Correct Answer: B, C & E

Answer Explanation: NA

 

Question 5

What are the three exceptions in the Payables Period Close Exceptions Report?

 

Options: -

A. Unapplied Prepayments

B. Unaccounted Invoices

C. Open Intercompany Transactions

D. Open Interface Import Errors

E. Incomplete Payment Process Request

 

Answer: B, C & E

 

Answer Explanation:

The types of exceptions reported are as follows:

* (B)Unaccounted invoices

* (C) Open intercompany transactions

* (E) Incomplete payment process requests

* Unaccounted payment activity

* Bills payable requiring maturity event and accounting

* Other exceptions

Question 6

Identify three duty roles that are granted to both the Accounts Payable Supervisor and the Accounts Payable Manager.

 

Options: -

A. Payables Business Intelligence Management Duty

B. Accounts Payable Period Status Review Duty

C. Payables Balance Analysis Duty

D. Business Intelligence Authoring Duty

E. Disbursement Process Management Duty

F. Accounts Payable Period Status Management Duty

 

Answer: B, D & E

Answer Explanation: NA

 

Question 7

What are the two parameters for the Payables Trial Balance Report?

Options: -

A. Supplier Name

B. Legal Entity

C. Supplier Number

D. Ledger

E. Party Name

 

Correct Answer: D & E

Answer Explanation: Parameters

Ledger

Specify the ledger for which to run the report. You may select a primary or secondary ledger, or a reporting currency ledger.

Note: - You can run the Accounts Payable Trial Balance for primary and secondary ledgers, and for reporting currencies. However, the original invoice amount is only provided when the report is run for the primary ledger. The reason is that Payables only stores transaction base amounts in the primary ledger currency.

Business Unit -Specify the business unit for which to run the report or leave blank to include all business units.

Liability Account As-of Date-Specify the date as of which to report the liability account.

Party Name -Enter a party to limit the report to a single supplier or party.

Account From -Select the accounts.

Negative Balances Only Select Yes to limit the output of the report to suppliers with negative balances. The Payables Trial Balance

Report lists and subtotals, by supplier and liability account, all unpaid and partially paid invoices that Payables has transferred to the general ledger. Credit liability amounts are reported as positive amounts, as they represent outstanding balances. Debit liability amounts decrease the outstanding balance.

Oracle Fusion Financials Certification

Question 8

An invoice is created, paid, and is accounted for. Two adjustments are made to the invoice and validated with the same accounting date.

Which statement is correct?

 

Options: -

A. A Payment Adjustment Event is created for both adjustments.

B. Only one Payment Adjustment Event is created because the first Payment Adjustment Event has not been accounted.

C. The Payment Adjustment Event created in the first instance will be overwritten by the second.

D. A Payment Adjustment Event is created in the second instance even though the first event had not been accounted.

E. A Payment Adjustment Event is NOT created in both the cases.

 

Answer: A

Answer Explanation: Payment Adjustment Event : A payment adjustment event occurs when you change the invoices recorded on a Manual payment. For the newly selected invoices, the accounting entries for this event relieve the liability accounts in the amount of the payment. For the originally paid invoices, the entries reverse the invoice liability that the payment had relieved. Payables also reverses any gains or losses for the originally paid invoices, and records any gains or losses for the newly selected invoices.

Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. For payments the accounting date for this event is the payment date. If the payment date is in a closed period, then the GL Date is the first day of the next open period.

                                                                                                                                  

Oracle Cloud General ledger Certification questions

Oracle Cloud General ledger Certification questions

Hi friends, we are going to discuss about the Oracle Cloud General ledger Certification questions. We will share the general ledger certification question series for oracle cloud.

QUESTION 1
The Accounting Manager requests that a schedule be created to automatically post journals from sub ledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
 

Option's:
A.    Journal Category
B.    Journal Source
C.    Journal Batch
D.    Journal Description 

 

Answer: C

QUESTION 2
You are reconciling your sub ledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

Option's:
A.    An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B.    Account Analysis Reports
C.    Journals Reports 
D.    Aging Reports 

 

Answer: C

QUESTION 3
What type of user must be defined before you can create an Implementation Project?

 

Option's:
A.    None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
B.    A full-time employee that has the FSM Superuser role assigned
C.    None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
D.    Implementation Users
E.    All roles that will be used throughout the implementation 

 

Answer: E

QUESTION 4
Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

 

Option's:
A.    Event Type
B.    Journal Line Rule
C.    Event Class
D.    Journal Entry Rule Set
E.    Journal Entry 

 

 Answer: D

QUESTION 5
Who are the three primary Functional Setup Manager users?

 

Option's:
A.    End Users that perform transaction processing
B.    Implementation Project Managers and Consultants
C.    System Administrators
D.    Application Developers
E.    C-Level Executives 

 

Answer: A,B,C
Answer Explanation: http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.html

QUESTION 6
You want to specify Intercompany System Options. Which three factors should you consider?

 

Option's:
A.    Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
B.    Whether to allow receivers to reject intercompany transactions
C.    Automatic or manual batch numbering and the minimum transaction amount
D.    Automatic or manual batch numbering and the maximum transaction amount
E.    The approvers who will approve intercompany transactions 

 

Answer: A,B,D

QUESTION 7
You need to make decisions about how an application should behave, such as date ranges and defaults. What should you consider before defining Collections Preferences?

 

Option's:
A.    scheduled processes
B.    system privileges
C.    user application privileges
D.    the employees who are involved with the collections process and how the collectors will be assigned
E.    customer contact information 

 

Answer: D
Explanation: References: The employees who are involved with the collections process and how the collectors will be assigned
 

QUESTION 8

You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

 

Option's:
A.    Specify Run Time Prompts (RTP).
B.    Always use the Outer Point of View (POV).
C.    Never use the Outer Point of View (POV).
D.    Only specify segment values in formulas.

Answer: D

Answer Explanation: Only specify segment values in formulas to define an allocation rule where segment values are constants for rules and formulas.

QUESTION 9
You want to enter budget data in Fusion General Ledger. Which method is not supported?

 

Option's:
A.    Smart View
B.    Application Development Framework Desktop Integration (ADFdi)
C.    File-based Data Import
D.    Entering budget Journals

 

Answer: D 

Answer Explanation: Entering budget Journals is not supported to enter the budget data n fusion general ledger.

Oracle Cloud Receivables Certification Dumps

Oracle Cloud Receivables Certification Dumps

QUESTION 1:
Identify the dunning letter template set provided by an application?

 

Option's:
A.    Soft, Regular, Hard
B.    Regular, Medium, Hard
C.    Final Demand, Soft, Medium
D.    Regular, Final Demand, Medium 

Answer: C

Answer Explanation: Final Demand, Soft, Medium.

Oracle Cloud Receivables Certification Dumps

QUESTION 2:
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
 

Option's:
A.    by Quote Number and time frame
B.    by Source Document and time frame
C.    by Item and time frame
D.    by Customer and time frame
E.    by Source Document Line and time frame 

 

Answer: B,C & E

Answer Explanation:  'By Source Document and time frame', 'By Item and time frame' & 'By Source Document Line and time frame'

QUESTION 3
The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this. (Choose three.)

 

Option's:
A.    receipt reversal
B.    clearing payment information
C.    credit reversal
D.    debit memo reversal
E.    change of instrument 

 

Answer: A,B & E 

Explanation: References:

QUESTION 4
Your customer has a state tax % and a city tax % as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?

 

Option's:
A.    state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
B.    state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
C.    state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
D.    state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
E.    State tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of
$1,300 USD.




Answer: E

Answer Explanation: State tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.

QUESTION 5
Identify two values that default from Customer Profile Classes. (Choose two.) ?

 

Option's:
A.    Business Purpose
B.    Statement Cycle
C.    Legal Entity
D.    Tax
E.    Payment Terms 

 

Answer: D,E

Answer Explanation: Tax & Payment Terms defaults from customer profile classes.

QUESTION 6:
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take?
 
 

Option's:
A.    Business unit is not a required option on the Parameters tab to run the delinquency process.
B.    Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
C.    Select the check box to enter the default business unit if it does not appear in the drop-down menu.
D.    Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

 

Answer: B

Answer Explanation: Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.

QUESTION 7:
When reversing a receipt, if an adjustment or charge back exists, how are the off-setting adjustments created?

Option's:
A.    manually, but without using the Adjustment Reversal and Chargeback Reversal activities
B.    automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
C.    automatically by using the Adjustment Reversal and Chargeback Reversal activities
D.    manually by using Chargeback Reversal activities
E.    manually by using Adjustment Reversal activities 

 

Answer: C
Explanation: Automatically by using the Adjustment Reversal and Charge back Reversal activities.
 
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.
References:

QUESTION 8:
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

 

Option's:
A.    by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
B.    by defining a grouping rule on the customer class
C.    by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
D.    by defining an item group and assigning that to the rule
E.    by defining an exclusion rule to exclude customer classes that are "Retail" 

 

Answer: A

Answer Explanation: By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute.

Oracle Cloud Receivables Certification Dumps

QUESTION 9
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the Auto Cash rule set.
In which three places is the rule set found? (Choose three.) ?

Option's:
A.    System Options
B.    Receipt Class
C.    Customer Site
D.    Receipt Method
E.    Customer Account 

 

Answer: C,D & E
Explanation: If transactions cannot be matched or transaction information is not available, Receivables uses the Auto Cash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an Auto Cash rule set assigned to a profile, Receivables uses the Auto Cash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt. References:

Free Oracle Cloud Procurement Dumps

Free Oracle Cloud Procurement Dumps

Hi friends, we are going to discuss about the Oracle Cloud Procurement Dumps. We will share the free oracle cloud procurement sumps , which will be help to prepare the cloud procurement certification exams. We have prepared the complete Oracle Cloud Procurement Dumps in which we have shared the most important Oracle Cloud Procurement certification question's. You can refer these dumps , for the preparation of Oracle Cloud Procurement exams. In this dump , Including important procurement certification question's , we have also shared the correct answer for these question. We will recommend to go through this dump of Oracle Cloud Procurement Certification Questions before giving the certification exams for procurement. It will really help for your certification exams. Please find below the complete detail about Free Oracle Cloud Procurement Dumps.

Free Oracle Cloud Procurement Dumps Questions:

Question 1

You are implementing Cloud Procurement contracts and during user acceptance testing, the

user would like to create clauses in the Cloud applications similar to what were available in their

legacy Contract application.

Identify two ways to create clauses as per their requirement ?

Options:

A. Manage Contract Standard Clauses from Functional Setup Manager.

B. Create Clauses from the Contracts Workarea page.

C. Manage Contract Standard Clauses, Templates, and Profiles from Functional Setup Manager.

D. Import Clauses from the Contracts Workarea page.

Answer: A & D

Answer Explanation: Manage Contract Standard Clauses from Functional Setup Manager & Import Clauses from the Contracts Workarea page.

Free Oracle Cloud Procurement Dumps

Question 2

Identify three profile options that are used to configure Self Service Procurement ?

Options:

A. POR_DISPLAY_CATEGORY_ITEM_COUNT

B. PO_PRC_AGENT_CATEGORY_ASSIGNMENT

C. POR_DISPLAY_EMBEDDED_ANALYTICS

D. POR_SEARCH_RESULTS_SKIN

E. PO_DOC_BUILDER_DEFAULT_DOC_TYPE

Answer: A, C & D

Answer Explanation: . POR_DISPLAY_CATEGORY_ITEM_COUNT, POR_DISPLAY_EMBEDDED_ANALYTICS & POR_SEARCH_RESULTS_SKIN are the three profiles options that are used to configure the self-service procurement.

Question 3

You gave the Procurement Catalog Administrator role to a buyer of the business unit "BU1"

but when the buyer is trying to define a catalog in "Select and define catalog", the buyer is unable to find "BU1" in the "Procurement BU" list of values.

Identify the reason for this ?

Options

A. The "Local Catalog administrator BU1" data role is not assigned to the buyer.

B. The "Procurement Catalog Administrator BU1" data role is not assigned to the buyer.

C. The "Manage Catalog content" action is not enabled for the buyer in the Procurement Agent page.

D. The "Catalog Management" business function is not enabled for BU1.

Answer: C

Answer Explanation: "Manage Catalog content" action should be enabled for the buyer in the Procurement Agent page to define a catalog in "Select and define catalog”.

Question 4

Your customer is implementing Oracle Procurement Cloud applications with multiple

Requisition Business Units. Each Business Unit has employees who need the ability to create

requisitions. The customer does not want all employees in the organization to be able to create

requisitions using the self-service application; however, they should be able to search for information (for example, contact details) relating to other employees.

To restrict certain employees from being able to create requisitions, identify the inherited role that must be removed from the seeded Employee role ?

Options:

A. Procurement Administrator

B. Employee

C. Procurement Preparer

D. Contingent Worker

E. Procurement Requester

Answer: E

Answer Explanation; Procurement Requester.

Free Oracle Cloud Procurement Dumps

Question 5

Identify three application standard lookups that are available in the Setup and Maintenance

task list 'Define Supplier Configuration' ?

Options:

A. Manage Freight Terms Lookup

B. Manage FOB Lookup

C. Tax Organization Type Lookup

D. Manage Requirement Section Lookup

E. Minority Group Lookup

F. Business Classification Lookup

Answer: C, E & F.

Answer: Tax Organization Type Lookup, Minority Group Lookup & Business Classification Lookup.

Question 6

After gathering requirements from the business leads of customer organization, you have set

up the Bill-to location at multiple places during Oracle Procurement Cloud implementation. Identify

the source from which the purchase order defaults the Bill-to location ?

Options:

A. from the 'Configure Requisitioning business function 'Procurement options'

B. from the 'Common Payables and Procurement options' first and if it is 'Null' then from

'Supplier site assignment'

C. from the 'Configure Procurement business function'

D. from the Business Unit setup

Answer: B 

Answer Explanation: Bill-to location defaults in purchase order form from the 'Common Payables and Procurement options' first and if it is 'Null' then from 'Supplier site assignment'.

Question 7

You are implementing Cloud Procurement contracts and during user acceptance testing, the user would like to create clauses in the Cloud applications similar to what were available in their legacy Contract application. Identify two ways to create clauses as per their requirement. (Choose two.) 

Options:

A. Manage Contract Standard Clauses, Templates, and Profiles from Functional Setup Manager. 

B. Create Clauses from the Contracts work area page. 

C. Manage Contract Standard Clauses from Functional Setup Manager. 

D. Import Clauses from the Contracts work area page. 

Answer: C & D 

Answer Explanation: A: You can import clauses from legacy applications by running Oracle Fusion Enterprise Scheduler (ESS) processes from the Terms Library work area by selecting the Import Clauses task or from the Setup Manager by selecting the Manage Processes task. 

D: Navigate to Define Contract Terms and Clause Library Configuration and open the Manage Contract Standard Clauses, Templates, and Expert Rules task. This is not a setup and maintenance task, but a manual task that is performed from the Terms Library work area.

Question 8

Identify three profile options that are available in the 'Manage Purchasing Profile Options' setup and maintenance task ?

 

Option’s:

A. PO_AGRMT_LOADER_PURGE_DAYS

B. POR_DISPLAY_CATEGORY_ITEM_COUNT

C. PO_DEFAULT_PRC_BU

D. POR_DISPLAY_EBMEDDED_ANALYTICS

E. PO_DOC_BUILDER_DEFAULT_DOC_TYPE

 

Answer: A, C & E

Answer Explanation: PO_AGRMT_LOADER_PURGE_DAYS, PO_DEFAULT_PRC_BU and PO_DOC_BUILDER_DEFAULT_DOC_TYPE are the three profile options that are available in the 'Manage Purchasing Profile Options' setup and maintenance task.

Question 9

While creating a Purchase Order, you observe that the system is defaulting Net 30 as the payment term instead of the intended payment term Net 15.
Identify two ways to achieve the desired defaulting ?

Options:

A. Update Net 15 in procurement options and Net 30 for the supplier site.

B. Set net 15 for the supplier site.

C. Set Net 30 for the supplier site and leave the payment term blank in procurement options.

D. Update Net 15 in procurement options and leave the payment term blank for this supplier at all levels.

Answer: B & C

Answer Explanation: Set net 15 for the supplier site & Set Net 30 for the supplier site and leave the payment term blank in procurement options.

Question 10:

When creating a non-catalog requisition, a requester checks the "New Supplier" checkbox. By checking this checkbox, the user is ____ ?

Options:

A. required to execute an ESS (Enterprise Scheduler Service) job to initiate the supplier registration process

B. suggesting a possible new supplier that requires further action by the Buyer and the Supplier Administrator

C. triggering an automated process to intimate a new supplier to register with the user’s company

D. triggering an automated process to create a new supplier

 

Answer: A

Answer Explanation: Required to execute an ESS (Enterprise Scheduler Service) job to initiate the supplier registration process by checking the "New Supplier" checkbox.

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Part-22:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 81:

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance? 

Option's:

A. Business Unit and Cost Organization 

B. Inventory Organization and Legal Entity 

C. Business Unit and Legal Entity 

D. Business Unit and Inventory Organization Legal Entity and Cost Organization E. Inventory Organization and Cost Organization 

Answer: D

Question 82:

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used? 

Option's:

A. Rule sets assigned to a secondary ledger with a different COA. 

B. Rule sets that have a mapping set to convert the accounts. 

C. Rule sets not associated with any chart of accounts. 

D. Rule sets where the accounting rules override the method rule set E. Rule sets that use the same chart of accounts. 

Answer: A & D

Question 83:

Which three cost planning tasks can be performed in the Cost Accounting work area? 

Option's:

A. Review Work Order Costs 

B. Review Item Costs 

C. Analyzing and Comparing Costs 

D. Estimating Standard Costs for Assemblies 

E. Manage Resource Rates 

F. Manage Cost Accounting Periods 

Answer: A, D & E 

Explanation: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11

Question 84:

Identify two characteristics of a cost profile ?

Option's:

A. It is used for calculating the estimated cost of manufactured items under different scenarios. 

B. It is used for Receipt Accounting. 

C. It is where you define your Cost Accounting policies. 

D. It is where you define which cost method you want to use for the cost component to cost element mapping. 

Answer: B & C

Part-21:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 78:

If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? 

Option's:

A. Query the transaction from Review Cost Accounting Distributions to see the error message. 

B. Review errors in the Create Accounting Execution report. 

C. Refer to the Accounting Event Diagnostic report. 

D. Refer to the Accounting Event Diagnostic log. 

E Review errors in the Create Accounting Execution log. 

Answer: B

Question 79:

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this ?

Option's:

A. Copy and rename predefined subledger journal entry rule sets before modifying them.

B. Use a different journal entry rule set for each ledger with a different accounting convention. 

C. The subledger journal entry rule set does not need the same accounting event class as the accounting method. 

D. Journal entry rule sets do not require accounting rules. 

E. The subledger journal entry rule set does not need the same accounting event type as the accounting method. 

Answer: E

Question 80:

A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently. Which cost period status will allow the system to perform the transaction? 

Option's:

A. Open 

B. Closed 

C. Permanently Closed 

D. Never Opened 

E. Close Pending

 Answer: B

Question 81:

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this? 

Option's:

A. Material Receipts 

B. Charge Names 

C. Reference Types 

D. Routes 

E. Trade Operation Template 

Answer: A

Part-20:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 74:

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this? 

Option's:

A. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management 

B. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing C. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing 

D. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management 

E. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing 

F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing 

Answer: A

Question 75:

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element? 

Option's:

A. It is only used when you do not need to maintain an arm's length relationship. 

B. It can help you understand true margins and value added by internal business units through the internal supply chain. 

C. It can help you with consolidated financial reporting. 

D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units. 

E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit. 

Answer: C, D & E

Question 76:

Which two rules determine whether a condition has been met for accounting rules? 

Option's:

A. When the condition is met, the rule associated with that priority is used. 

B. Priorities determine the order in which accounting rule conditions are examined. 

C. The conditions are evaluated in the sequence they are defined in the accounting rule. 

D. After all conditions are tested, the final resulting value is used. 

E. Use parenthesis to control the order of the condition evaluation. 

Answer: A & C

Question 77:

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated? 

Option's:

A. Run the "Activate Accounting Methods" process. 

B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set. 

C. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process. 

D. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task 

E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task. 

Answer: B & C

Part-19:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 70:

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this? 

Option's:

A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes. 

B. They cannot change their current configuration; data generated by Quick Setup cannot be changed. 

C. They must create their valuation units manually. 

D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units. 

Answer: B

Answer Explanation: They cannot change their current configuration; data generated by Quick Setup cannot be changed so cost of some of their lots cannot be changed or different.

Question 71:

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date.

A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date. How will the application select the work definition? 

Option's:

A. It will use the work definition with the January 2, 2016 effective date. 

B. Depending on the selection criteria, it will use the work definition with the December l, 2015

effective date or the work definition with the October l, 2015 effective date. 

C. It must always use the work definition with the October 1, 2015 effective date. 

D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose. 

Answer: D

Answer Explanation: To select the work definition by Application 'You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose'.

Question 72:

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used? 

Option's:

A. Rule sets assigned to a secondary ledger with a different COA 

B. Rule sets that have a mapping set to convert the accounts 

C. Rule sets not associated with any chart of accounts 

D. Rule sets where the accounting rules override the method rule set E. Rule sets that use the same chart of accounts 

Answer: A & D

Answer Explanation: Two Journal entry rules we can use and that is  'Rule sets assigned to a secondary ledger with a different COA' & 'Rule sets where the accounting rules override the method rule set E. Rule sets that use the same chart of accounts'.

Question 73:

Identify two characteristics of a cost profile ?

Option's:

A. It is used for calculating the estimated cost of manufactured items under different scenarios. 

B. It is used for Receipt Accounting. 

C. It is where you define your Cost Accounting policies. 

D. It is where you define which cost method you want to use for the cost component to cost element mapping. 

Answer: B & C

Answer Explanation: Two Popular Characteristics of Cost Profile is 'It is used for Receipt Accounting' & 'It is where you define your Cost Accounting policies'.

Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Part-18:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 67:

Identify four characteristics of a cost element ?

A. Users can define any number of cost elements. 

B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing. 

C. It is the granularity at which costs are tracked and accounted. 

D. It is user-defined. 

E. The mapping of cost components into cost elements is user-defined.

F. It uses date effectivity. 

Answer: B, D, E & F

Answer Explanation: Cost Element characteristics are 'It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing' , 'It is user-defined', 'The mapping of cost components into cost elements is user-defined' & 'It uses date effectivity'.

Question 68

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration? 

Option's:

A. Activate its journal entry rule set assignments. 

B. Transfer costs to Cost Management. 

C. Create Accounting. 

D. Transfer transactions from Receiving to Costing. 

E. Execute the Preprocessor. 

Answer: C

Answer Explanation: After modification of an accounting method , we need to run the Create Accounting.

Question 69:

Which four steps need to be completed to establish standard costs for a make item? 

Option's:

A. Run preprocessor. 

B. Complete cost roll-up. 

C. Publish costs 

D. Export item costs. 

E. Add standard costs to a cost scenario. 

F. Create a new cost scenario. 

Answer: A, B, C & D.

Answer Explanation: To establish standard cost for an make item , we need to complete first , 'Run PreProcessor' , 'Complete Cost roll-up' , 'Publish costs' & 'Export Item Costs'.

Part-18:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Part-17:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 64:

After all relevant transactions are in Receipt Accounting, which tasks must be completed for these transactions to be transferred to the General Ledger? 

Option's:

A. Transfer to Sub ledger Accounting. 

B. Transfer transactions from payables. 

C. Transfer transactions from receiving. 

D. Create distributions. 

E. Assign accruals to purchase order transactions. 

Answer: D

Answer Explanation:  Create distributions is the task must be completed for these transaction to be transferred to the General Ledger.

Question 65:

Identify two characteristics of Landed Cost charge names ?

Option's:

A. Duty is a seeded charge name for Landed Cost. 

B. You can modify a charge name until it is associated with a trade operation. 

C. Charge names cannot be used to tie an invoice to a trade operation. 

D. You can use multiple currencies within a trade operation for the same charge name on different lines. E. Charge names cannot be associated with a PO schedule. 

Answer: B & D

Answer Explanation: There are many characteristics of Landed Cost charge names and some of them is 'You can modify a charge name until it is associated with a trade operation' & 'You can use multiple currencies within a trade operation for the same charge name on different lines'.

Question 66:

Select the two valid relationships between subledger components ?

Option's:

A. The accounting method holds the accounting rules by Event Class and Event Type. 

B. The journal lines hold the journal entry rule sets. 

C. The accounting method groups journal entry rule sets by Event Class and Event Type. 

D. Journal entry rules are used to hold accounting rules. 

E. Journal entry rule sets hold journal rules and accounting rules. 

Answer: D & E 

Answer Explanation: Two valid relationships are 'Journal entry rules are used to hold accounting rules' & 'Journal entry rule sets hold journal rules and accounting rules'.

Answer Reference: https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.html

Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Oracle Fusion Financial Payables Certification:1Z0-1055-20

QUESTION 46

Identify three correct statements about creating and maintaining supplier profile entities ?

Options: -

A. Tax Registrations can be created and maintained only at the supplier level.

B. Bank Accounts can be created and maintained at supplier and supplier site level.

C. Multiple sites can NOT be created for the same address.

D. One supplier address can be associated with one or more supplier contacts and one contact can be

associated with one or more addresses.

E. Transaction Controls are maintained at supplier site level.

Correct Answer: B, D & E

Answer Explanation:

1. Tax registrations can be created and maintained at the supplier address level.

2. Bank accounts can be created and maintained at three levels: supplier, address and site.

3. A site must be associated with exactly one address. Multiple sites can be created for the same address, which is common when more than one procurement business unit sources from the same supplier. Note: A site can be created while creating an address, to save time from navigating to the Sites tab after creating the address.

4. Address Contacts and Contact Addresses represent two ways an association can be made between a supplier address and supplier contact. This association can be established when performing maintenance in either entity. One address can be associated to one or more contacts, and one contact can be associated to one or more addresses. Additionally, when a contact is associated with an address, it is implicitly associated with all sites using the address. This establishes the concept of a Site Contact. Some transactions, such as purchasing documents, allow for a Site Contact to be selected on the transaction.

 

Oracle Fusion Financial Payables Certification:1Z0-1055-20

Question 47

How are prepayments for invoices configured?

Options: -

A. Create the prepayment terms and associate it with the prepayment Invoice.

B. Enable Allow Prepayments in Define General Payables Options.

C. Enable the Profile Option for Prepayment in the Manage Payable profile options page.

D. No additional configuration is required. Users must select the invoice type as prepayment when the

invoice is created.

E. No additional configuration is required. Users must select the payment type as prepayment when the

payment is created.

 

Answer: D

Answer Explanation:

In payables there are 11 types of Invoices:

That is

1. Standard Invoice

2. Debit memo

3. Credit memo

4. Expense report

5. Mixed Invoice

6. Prepayment

7. PO default

8. Withholding tax

9. Recurring Invoice

10.Interest Invoice

11.Quick match

Prepayment: advance payment you make to a suppliers or employee. If you enter Temporary for the Prepayment type field, then you can later apply prepayment to an invoice.

Two types of prepayments are there, namely, temporary and permanent. In case of earlier one. it is treated as advance to the supplier and will be adjusted against any invoice on or after the settlement date but in case of later one, it is treated as deposit with the supplier.

Question 48

Identify two items that are defined in the Common Options in the Payables and Procurement window?

 

Options: -

A. Discount Allocation Method

B. Automatic Offset

C. Payment Terms

D. Apply Withholding Tax

E. Conversion Rate Type

 

Correct Answer: B & E

Answer Explanation:

Common Options for Payables and Procurement are setup options that are used by features throughout the procure-to-pay business flow, such as default accounts, additional legal entity information, accounting options, and self-billed invoices. Set options for the following:

· Default distributions

· Offset segments (Automatic Offset)

· Currency conversion (Conversion Rate Type)

· Expense accruals

· Self-billed invoices

· Legal entity information

Oracle Fusion Financial Payables Certification:1Z0-1055-20

Question 29

Which are the two ways will an invoice be impacted when an inclusive prepayment is unapplied from it?

Options: -

A. The unpaid invoice amount is increased by the amount of the prepayment.

B. An installment is created for the prepayment amount.

C. The invoice validation status changes to Needs Revalidation.

D. The invoice paid status changes from Partially Paid to Unpaid.

E. The invoice accounting status changes to Partially Accounted.

Correct Answer: A & D

Answer Explanation:

If you mistakenly apply a prepayment to an invoice, you can unapply it. Payables automatically creates a reversal distribution and a new scheduled payment for the prepayment in the amount that you unapply.

Payables also increases the Amount Available for the prepayment by the unapplied amount. Payables updates the status of the invoice to unpaid or partially paid.

Oracle Fusion Financial Payables Certification:1Z0-1055-20

Question 30

Which three duty roles are granted to the Corporate Card Administrator?

 

Options: -

A. Corporate Card Transaction Management Duty

B. Corporate Card Issuer Payment Request Management Duty

C. Business Intelligence Applications Worker

D. Corporate Card Transaction Review Duty

E. Expense Export Duty

Correct Answer: A, B & C

Answer Explanation:

Duties assigned directly and indirectly to the job role Corporate Card Administrator include: Corporate Card Transaction Management Duty Corporate Card Issuer Payment Request Management Duty Business Intelligence Applications Worker.

Question 32

Which are the two scenarios for the invoice line type Prepayment automatically generated?

Options: -

A. a prepayment created with invoice type as Prepayment

B. a prepayment applied to the invoice

C. a prepayment is unapplied to the invoice

D. a manually created invoice line with type as Prepayment

E. at the time of validating a Prepayment Invoice

Correct Answer: B & C

Answer Explanation:

Invoice line types categorize the lines on an invoice. You can select some invoice line types, such as the

Item line type. Other line types, such as the Prepayment line type, are automatically generated.

This table describes the types of invoice lines.

Invoice Line Type, Description

* Prepayment: Prepayment application or unapplication. Prepayment lines are created automatically.

* Item: Details of goods and services.

* Freight: Freight charges on an invoice. Freight charges can be allocated to Item lines.

* Miscellaneous: Other charges on an invoice, such as installation or service. Miscellaneous charges can be allocated to Item lines.

* Tax: Tax lines that are either generated automatically or entered manually.

Withholding tax: Withholding tax lines that are either generated automatically or entered manually.