1z0-517: Oracle EBS R12.1 Payables Essentials Invoice Practice Questions

What is the purpose of the 'Invoice Validation' process in Oracle Payables?

• AA. Approve expense reports
• BB. Manage purchase orders
• CC. Validate vendor payment
• DD. Verify invoice accuracy

When is the appropriate time to create a 'Recurring Invoice' in Payables?

• AA. During vendor setup
• BB. After invoice approval
• CC. At month-end closing
• DD. For repeatable payments

How can a user prevent an invoice from being paid in Oracle Payables?

• AA. Change its due date
• BB. Assign it to a group
• CC. Delete the invoice
• DD. Place it on hold

What happens when an invoice is 'matched' in Oracle Payables?

• AA. It is rejected
• BB. It is marked as received
• CC. It is sent for approval
• DD. It is scheduled for payment

What is the effect of 'Invoice Approval Workflow' in Oracle Payables?

• AA. Ensures compliance and accountability
• BB. Limits access to invoices
• CC. Increases errors
• DD. Speeds up payment processing

How does Oracle Payables handle tax calculations for an invoice?

• AA. Based on vendor payment terms
• BB. Manually by the user
• CC. Only local currencies
• DD. Automatically via rules