Accounts Payable Certification Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Accounts Payable Certification Test with our collection of comprehensive flashcards and multiple-choice questions. Each question offers detailed hints and explanations to boost your learning. Get ready for success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which tool provides real-time data for Payables?

Essbase Cube
Oracle Financial Reporting (FR)
Oracle Transactional Business Intelligence (OTBI)
Smart View

The correct answer is: Oracle Transactional Business Intelligence (OTBI)

The chosen answer, Oracle Transactional Business Intelligence (OTBI), is the correct choice because OTBI provides real-time insights and analytics specifically designed for transactional data within Oracle applications. It allows users to create ad-hoc reports and dashboards that reflect current data, making it extremely useful for monitoring payables and other financial transactions. This immediacy in reporting is essential for accounts payable departments, as it helps them make timely decisions based on the latest information available. In contrast, other tools listed might serve different functions. For example, Essbase Cube is primarily used for multidimensional analysis and complex data modeling, which may not provide the same level of real-time transactional visibility. Oracle Financial Reporting (FR) is focused more on structured financial statements and reporting, which typically includes historical data rather than providing live updates. Smart View is a tool used for integrating Excel with Oracle data sources but is not specifically designed to provide the real-time analytics needed for monitoring payables effectively. OTBI stands out as a tool that not only accesses live transactional data but also allows users to quickly generate the insights necessary for effective accounts payable management.