Testking Oracle 11i 1z0-212
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Exam 1z0-212: Oracle Payables 11i Fundamentals
Exam Number: 1Z0-212
Associated Certifications: Oracle 11i Financials Consultant, Payables
Exam Price: $195 USD
Exam Registration: Register
Duration: 90 minutes
Number of Questions: 62
Passing Score: 60%
Recommended Training and Preparation
11i Oracle Payables Fundamentals Ed 3
This exam is based on Oracle E-Business Suite 11i.10.
Additional Information & Resources
Oracle 11i Financials Candidate Guide
Exam Retake policies
Exam Topics
Procure to Pay Lifecycle Overview
[ ] Describe the key areas in the procure to pay process
[ ] Describe how the procure to pay process fits into the Oracle eBusiness suite of applications
Payables Overview
[ ] Describe the key areas in the Payables process
[ ] Identify Payables integration points
[ ] Explain Payables open interfaces
Suppliers
[ ] Set up and Define suppliers
[ ] Set up and Define supplier sites
[ ] Adjust supplier details
[ ] Describe key reports
[ ] Explain and setup Financials Options
[ ] Explain and setup Payable Options
[ ] Setup Lookup codes and Profile options
[ ] Explain additional implementation considerations
Invoices
[ ] Import/Enter invoices
[ ] Create Invoice Batches and enter Invoice Header and Distributions and enter Recurring Invoices
[ ] Apply prepayments and advances
[ ] Match to purchase orders
[ ] Apply and release holds
[ ] Explain invoice approval workflow
[ ] Validate invoices for payment
[ ] Describe the types of accounting flows
[ ] Explain key reports
[ ] Identify and set up Profile Options, and Financials, Purchasing and Payables options specific to Invoices
[ ] Explain additional implementation considerations
Quick Invoices
[ ] Describe and use Quick Invoices
[ ] Enter invoice records
[ ] Enter purchase order matched invoice records
[ ] Enter price corrections
[ ] Find and modify invoice records
[ ] Add invoice records to an existing Quick Invoices Batch
[ ] Create invoices from quick invoice records
Payments
[ ] Describe the process of issuing payments
[ ] Describe the Payment workbench, and identify the Payment methods and disbursement types
[ ] Set up bank accounts
[ ] Create and Process Manual and Quick Payments and process refunds
[ ] Process payment batches
[ ] Process stop and void payments
[ ] Identify key reports
[ ] Identify and set up Financials and Payables options specific to Payments
[ ] Explain additional implementation considerations
[ ] Explain Internal Controls for Payment processing and Integration Partners for check printing
Expense Reports and Credit Cards
[ ] Describe the expense report process
[ ] Enter expense report templates
[ ] Enter expense reports and apply holds
[ ] Apply advances, modify, review and Pay expense reports
[ ] Run Expense Report Import program and purge Expense Reports
[ ] Identify key expense related reports
[ ] Describe Procurement Cards Process flow
[ ] Set up credit card programs
Period Close
[ ] Describe the period closing process in Payables and Purchasing
[ ] Identify the activities in the period close process
[ ] Reconcile accounts payable transactions for the period and close the PO period
[ ] Identify Key accounts and accrual accounting for Period end
[ ] Identify key reports
[ ] Setup Financials, Purchasing and Payables options relevant to Period close
[ ] Explain additional implementation considerations
Appendix 1 Invoice Tax
[ ] Set up supplier tax information
[ ] Describe supplier and supplier sites regions relevant to Taxes
[ ] Identify tax validations
[ ] Enter tax types tax codes, and tax groups including Offset, VAT and use taxes
[ ] Submit invoice validations
[ ] Use tax control methods
[ ] Identify tax code defaults and describe deriving tax from a natural account
[ ] Identify 1099 reportable suppliers and related reports
[ ] Identify key standard reports
Appendix 2 Withholding Tax
[ ] Define Withholding tax
[ ] Setup withholding tax options and define withholding tax codes and groups
[ ] Process manual withholding tax invoices and create withholding tax invoices
[ ] Process automatic withholding tax invoices
[ ] Identify standard key reports
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Recommended Training about 1z0-212 exam PDF
The following courses are the recommended training for 1z0-212 exam PDF.
1z0-212 Q & A with Explanations
1z0-212 Audio Exam
1z0-212 Study Guide
1z0-212 Preparation Lab
1z0-212 Exam: Freetestking’s Oracle Payables 11i Fudamentals PDF
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Question: 1
Which four statements are true about modifying a payment batch? (Choose four.)
A. You can create a zero-amount payment for a supplier site. B. You can remove all invoices for a particular supplier site.
C. You can create a negative-amount payment to clear a credit memo.
D. You can modify the payment or discount amounts for a selected invoice.
E. Payables automatically builds payments after you modify a payment batch.
Answer: A, B, D, E Question: 2
From which three areas do the defaults come when you enter a supplier? (Choose three.)
A. Items
B. Operating Unit
C. Financial Options D. Payables Options E. Receiving Options
Answer: C, D, E Question: 3
The bank account in the Payment Batches and Payments window defaults from _.
A. Supplier level
B. Bank Accounts
C. Supplier Site level
D. Financial Options
E. Payables Options – Payments region
Answer: E Question: 4
Why would you use the clearing payment method?
A. to generate a payment document to clear a debit memo
B. to generate a payment document to clear a credit memo
C. to account for intercompany expenses when you disburse funds through banks
D. to account for intercompany expenses when you do not disburse funds through banks
Answer: D Question: 5
Which two statements regarding receipt accruals are true? (Choose two.)
A. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals – Period-End process is run and the accrual is cleared when the journal entry is reversed in General Ledger.
B. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequently cleared when the journal entry is reversed in General Ledger.
C. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt
Accruals – Period-End process is run and subsequently cleared when an invoice is entered and matched to the purchase order.
TK
Exam Name: Oracle Payables 11i Fundamentals
Exam Type: Oracle
Exam Code: 1Z0-212 Total Questions: 103
D. For accruals generated at receipt, the accrual is automatically sent to General Ledger and
subsequently cleared when an invoice is entered and matched to the purchase order.
Answer: A, D Question: 6
Which statement is true about invoices?
A. An invoice can be paid without being validated.
B. An invoice can be paid only after the invoice accounting entries are created.
C. Both invoice accounting entries and payment accounting entries need to be transferred to
General Ledger at the same time if they are in the same calendar period.
D. An invoice needs to be validated before you can create the invoice accounting entries.
E. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
Answer: D Question: 7
Client R has configured its Accounts Payables application to require three-way matching.
All invoice tolerances are set to zero. No discounts are allowed.
A standard purchase order is entered for consulting services only. An invoice is entered and matched against this purchase order, having no tax or freight charges on it. The total invoice amount matches the distribution amount.
When the steps to prepare the invoice for payment are completed, the invoice is placed on hold.
The companys business policy states that all holds cannot be manually released. The client wants to pay this supplier now. What would you recommend?
A. Manually release the hold because it is not a system hold.
B. The service must be received in Purchasing because three-way matching is required
C. The service must be received in Accounts Payable because it is a purchase order for a service and not a commodity or item.
D. Inspection is required because it is a three-way match, so you have to register the inspection
in the system first.
E. Change the invoice tolerances in the Payables Options form to be greater than zero, so that the invoice does not go on hold again.
Answer: B Question: 8
The period-close processes of which Oracle Applications can be directly affected by the Payables
period-close activities and processes? (Choose all that apply.)
A. Purchasing
B. Installed Base
C. Advanced Pricing
D. Assets
E. Enterprise Asset Management (EAM)
Answer: A, D Question: 9
ABC Inc. has found that one of its suppliers needs to be enabled as a 1099 vendor, which is a tax-related designation for self-employed contractors. But for this supplier invoices have already
TK
Exam Name: Oracle Payables 11i Fundamentals
Exam Type: Oracle
Exam Code: 1Z0-212 Total Questions: 103
been entered and paid. Which two steps should the company take to ensure accurate tax
reporting? (Choose two.)
A. Run the Update Income Tax Details Report.
B. Update the tax reporting information in the supplier site.
C. Create a new supplier with tax reporting information and merge the supplier.
D. Create a new supplier site with tax information and update the supplier site in all invoices.
Answer: A, B Question: 10
Company A wants to use Oracle Internet Expenses, and wants to set up expense report templates for that purpose. Which three statements are true about the setup of the expense
report templates? (Choose three.)
A. The expense report must be enabled for Internet Expenses. B. The policy schedule must be attached to the expense item.
C. Each expense item must have an expense category assigned to it. D. The tax code assigned to an expense item must be Web enabled.
E. The GL account assigned to an expense item must have all the Accounting Flexfield segment
values filled in.
Answer: A, C, D Question: 11
Which four selection criteria can be used when creating a payment batch? (Choose four.)
A. Supplier B. Due Date C. Customer D. Pay Group
E. Invoice Batch
F. Payment Priority
Answer: A, D, E, F Question: 12
In standalone AP, you can enable autonumbering for _ through the Financial Options form.
A. invoices B. suppliers C. payments D. employees
E. expense reports
Answer: B Question: 13
Identify four purposes for which the Special Calendar is used. (Choose four.)
A. for payment terms
B. for recurring invoices
C. for the Key Indicators Report
D. for automatic tax withholding
TK
Exam Name: Oracle Payables 11i Fundamentals
Exam Type: Oracle
Exam Code: 1Z0-212 Total Questions: 103
E. for opening and closing payables periods, which Payables uses to allow transactions to
process in General Ledger accounting periods
F. for controlling the number of future periods that Payables would allow for invoice entry and accounting
Answer: A, B, C, D Question: 14
Which items do not require approval through the workflow? (Choose all that apply.)
A. invoices not matched to a purchase order
B. invoices that existed before you enabled the feature
C. expense reports imported through the Payables Expense Report Import Program
D. recurring invoices if the recurring invoice template did not have the Approval Workflow
Required option enabled
E. invoices that completed the Invoice Approval Workflow process, and the Invoice Approval Workflow process determined that according to the rules set up in Oracle Approvals Management, no one needs to approve the invoice
Answer: B, C, D, E Question: 15
At your client site, under Payables Options, the Transfer to GL option has been set to Summarize
by Accounting Period. The period end close processes for Accounts Payable have run and the Payables journals (Purchase Invoices and Payments) have been created and posted in General Ledger. Which statement is true?
A. Drilling down from the journals of Purchase Invoices and Payments categories in GL to
Payables is possible.
B. Drilling down from the journals of the Payments category in GL to Payables is possible, but drilling down from journals of the Purchase Invoices category in GL to Payables is not possible.
C. Drilling down from the journals of the Purchase Invoices category in GL is possible, but drilling down from journals of the Payments category in GL to Payables is not possible.
D. Drilling down from GL to Payables is not possible.
Answer: A Question: 16
At your client site, Cash Management is installed along with Oracle Payables.
The Payables option for payment accounting is set to account for a payment both on issue and clearing.
The cash clearing accounts and cash accounts are different. What accounting happens when a payment is issued?
A. Debit AP Liability, Credit Cash Clearing
B. Debit AP Liability, Credit Cash
C. Debit Cash Clearing, Credit Cash
D. Debit Cash, Credit Cash Clearing
Answer: A Question: 17
Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)
Interactive Testing 11i 1z0-212 Engine Included!
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Updated : 09/18/2008
Price : $87.99 $79.99
Exam Number/Code:1z0-212
Exam Name: Oracle Payables 11i Fudamentals
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Question: 1
Which four statements are true about modifying a payment batch? (Choose four.)
A. You can create a zero-amount payment for a supplier site.
B. You can remove all invoices for a particular supplier site.
C. You can create a negative-amount payment to clear a credit memo.
D. You can modify the payment or discount amounts for a selected invoice.
E. Payables automatically builds payments after you modify a payment batch.
Answer: A, B, D, E
Question: 2
From which three areas do the defaults come when you enter a supplier? (Choose three.)
A. Items
B. Operating Unit
C. Financial Options
D. Payables Options
E. Receiving Options
Answer: C, D, E
Question: 3
The bank account in the Payment Batches and Payments window defaults from _____.
A. Supplier level
B. Bank Accounts
C. Supplier Site level
D. Financial Options
E. Payables Options – Payments region
Answer: E
Question: 4
Why would you use the clearing payment method?
A. to generate a payment document to clear a debit memo
B. to generate a payment document to clear a credit memo
C. to account for intercompany expenses when you disburse funds through banks
D. to account for intercompany expenses when you do not disburse funds through banks
Answer: D
Question: 5
Which two statements regarding receipt accruals are true? (Choose two.)
A. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt
Accruals – Period-End process is run and the accrual is cleared when the journal entry is
reversed in General Ledger.
B. For accruals generated at receipt, the accrual is automatically sent to General Ledger and
subsequently cleared when the journal entry is reversed in General Ledger.
C. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt
Accruals – Period-End process is run and subsequently cleared when an invoice is entered
and matched to the purchase order.
D. For accruals generated at receipt, the accrual is automatically sent to General Ledger and
subsequently cleared when an invoice is entered and matched to the purchase order.
Answer: A, D
Question: 6
Which statement is true about invoices?
A. An invoice can be paid without being validated.
B. An invoice can be paid only after the invoice accounting entries are created.
C. Both invoice accounting entries and payment accounting entries need to be transferred to
General Ledger at the same time if they are in the same calendar period.
D. An invoice needs to be validated before you can create the invoice accounting entries.
E. Invoice accounting entries and payment accounting entries can be transferred at different
times to General Ledger only if they are in different calendar periods.
Answer: D
Question: 7
Client R has configured its Accounts Payables application to require three-way matching.
All invoice tolerances are set to zero.
No discounts are allowed.
A standard purchase order is entered for consulting services only. An invoice is entered and
matched against this purchase order, having no tax or freight charges on it. The total invoice
amount matches the distribution amount.
When the steps to prepare the invoice for payment are completed, the invoice is placed on hold.
The companys business policy states that all holds cannot be manually released. The client
wants to pay this supplier now. What would you recommend?
A. Manually release the hold because it is not a system hold.
B. The service must be received in Purchasing because three-way matching is required
C. The service must be received in Accounts Payable because it is a purchase order for a service
and not a commodity or item.
D. Inspection is required because it is a three-way match, so you have to register the inspection
in the system first.
E. Change the invoice tolerances in the Payables Options form to be greater than zero, so that
the invoice does not go on hold again.
Answer: B
Question: 8
The period-close processes of which Oracle Applications can be directly affected by the Payables
period-close activities and processes? (Choose all that apply.)
A. Purchasing
B. Installed Base
C. Advanced Pricing
D. Assets
E. Enterprise Asset Management (EAM)
Answer: A, D
Question: 9
ABC Inc. has found that one of its suppliers needs to be enabled as a 1099 vendor, which is a
tax-related designation for self-employed contractors. But for this supplier invoices have already
been entered and paid. Which two steps should the company take to ensure accurate tax
reporting? (Choose two.)
A. Run the Update Income Tax Details Report.
B. Update the tax reporting information in the supplier site.
C. Create a new supplier with tax reporting information and merge the supplier.
D. Create a new supplier site with tax information and update the supplier site in all invoices.
Answer: A, B
Question: 10
Company A wants to use Oracle Internet Expenses, and wants to set up expense report
templates for that purpose. Which three statements are true about the setup of the expense
report templates? (Choose three.)
A. The expense report must be enabled for Internet Expenses.
B. The policy schedule must be attached to the expense item.
C. Each expense item must have an expense category assigned to it.
D. The tax code assigned to an expense item must be Web enabled.
E. The GL account assigned to an expense item must have all the Accounting Flexfield segment
values filled in.
Answer: A, C, D
Question: 11
Which four selection criteria can be used when creating a payment batch? (Choose four.)
A. Supplier
B. Due Date
C. Customer
D. Pay Group
E. Invoice Batch
F. Payment Priority
Answer: A, D, E, F
Question: 12
In standalone AP, you can enable autonumbering for _____ through the Financial Options form.
A. invoices
B. suppliers
C. payments
D. employees
E. expense reports
Answer: B
Question: 13
Identify four purposes for which the Special Calendar is used. (Choose four.)
A. for payment terms
B. for recurring invoices
C. for the Key Indicators Report
D. for automatic tax withholding
E. for opening and closing payables periods, which Payables uses to allow transactions to
process in General Ledger accounting periods
F. for controlling the number of future periods that Payables would allow for invoice entry and
accounting
Answer: A, B, C, D
Question: 14
Which items do not require approval through the workflow? (Choose all that apply.)
A. invoices not matched to a purchase order
B. invoices that existed before you enabled the feature
C. expense reports imported through the Payables Expense Report Import Program
D. recurring invoices if the recurring invoice template did not have the Approval Workflow
Required option enabled
E. invoices that completed the Invoice Approval Workflow process, and the Invoice Approval
Workflow process determined that according to the rules set up in Oracle Approvals
Management, no one needs to approve the invoice
Answer: B, C, D, E
Question: 15
At your client site, under Payables Options, the Transfer to GL option has been set to Summarize
by Accounting Period. The period end close processes for Accounts Payable have run and the
Payables journals (Purchase Invoices and Payments) have been created and posted in General
Ledger. Which statement is true?
A. Drilling down from the journals of Purchase Invoices and Payments categories in GL to
Payables is possible.
B. Drilling down from the journals of the Payments category in GL to Payables is possible, but
drilling down from journals of the Purchase Invoices category in GL to Payables is not
possible.
C. Drilling down from the journals of the Purchase Invoices category in GL is possible, but drilling
down from journals of the Payments category in GL to Payables is not possible.
D. Drilling down from GL to Payables is not possible.
Answer: A
Question: 16
At your client site, Cash Management is installed along with Oracle Payables.
The Payables option for payment accounting is set to account for a payment both on issue and
clearing.
The cash clearing accounts and cash accounts are different. What accounting happens when a
payment is issued?
A. Debit AP Liability, Credit Cash Clearing
B. Debit AP Liability, Credit Cash
C. Debit Cash Clearing, Credit Cash
D. Debit Cash, Credit Cash Clearing
Answer: A
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