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Accounts Payable Specialist Certification IOFM EXAM
Newest Complete All Questions And Correct Detailed
Answers (Verified Answers) |Already Graded
A+||Newest Exam Version!!!
A payment Process Request was submitted and errors
were found in the payment file. The payment file and
process were terminated. Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment file is cancelled and the
related documents are available for future selection.
C. The status of the payment is canceled.
D. The status of the payment is terminated.
E. The status of each payment in the payment file is
terminated. - Answer-B & D
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. Transfer data to General Ledger.
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B. Create Accounting for the invoice Payables.
C. Validate the invoice in Payables.
D. Create a payment process request in Payments. -
Answer-D
which two statements are true related to configuration
package? (select 2)
a. you can export and import the custom roles from Oracle
Identity manager
b. you can export and import selected business object
services
c. you can export and import selected business units
d. you can export and import the approval rules from the
approval management engine
e. you can export and import the allocation rules from the
allocation manager - Answer-d. you can export and import
the approval rules from the approval management engine
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e. you can export and import the allocation rules from the
allocation manager
an invoice for $1000 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? (select 2)
a. only the invoice is paid fully but the credit memo is
partially paid with a credit of $100 USD remaining
b. both the invoice and the credit memo are fully paid
c. neither the invoice nor the credit memo is included in
the payment process request
d. both the invoice and the credit memo are included in the
payment process request - Answer-a. only the invoice is
paid fully but the credit memo is partially paid with a credit
of $100 USD remaining
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d. both the invoice and the credit memo are included in the
payment process request
what is the difference between subject areas that append
the word "Real Time" and those that do not?
a. the real time subject areas are based on subledger
transactions and the ones that are not are based on
general ledger balances
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 real-time
transactions and those that are not, are based on
historical data
d. there is no difference - Answer-b. the real time subject
areas are based on real time transactions in the
applications, and those that are not, are based on data
Accounts Payable Specialist Certification IOFM EXAM
Newest Complete All Questions And Correct Detailed
Answers (Verified Answers) |Already Graded
A+||Newest Exam Version!!!
A payment Process Request was submitted and errors
were found in the payment file. The payment file and
process were terminated. Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment file is cancelled and the
related documents are available for future selection.
C. The status of the payment is canceled.
D. The status of the payment is terminated.
E. The status of each payment in the payment file is
terminated. - Answer-B & D
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. Transfer data to General Ledger.
,2|Page
B. Create Accounting for the invoice Payables.
C. Validate the invoice in Payables.
D. Create a payment process request in Payments. -
Answer-D
which two statements are true related to configuration
package? (select 2)
a. you can export and import the custom roles from Oracle
Identity manager
b. you can export and import selected business object
services
c. you can export and import selected business units
d. you can export and import the approval rules from the
approval management engine
e. you can export and import the allocation rules from the
allocation manager - Answer-d. you can export and import
the approval rules from the approval management engine
,3|Page
e. you can export and import the allocation rules from the
allocation manager
an invoice for $1000 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? (select 2)
a. only the invoice is paid fully but the credit memo is
partially paid with a credit of $100 USD remaining
b. both the invoice and the credit memo are fully paid
c. neither the invoice nor the credit memo is included in
the payment process request
d. both the invoice and the credit memo are included in the
payment process request - Answer-a. only the invoice is
paid fully but the credit memo is partially paid with a credit
of $100 USD remaining
, 4|Page
d. both the invoice and the credit memo are included in the
payment process request
what is the difference between subject areas that append
the word "Real Time" and those that do not?
a. the real time subject areas are based on subledger
transactions and the ones that are not are based on
general ledger balances
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 real-time
transactions and those that are not, are based on
historical data
d. there is no difference - Answer-b. the real time subject
areas are based on real time transactions in the
applications, and those that are not, are based on data
