Question 1

An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)

Options :

A : The pay-through date is in a closed Payables period.

B : The invoice has not been accounted.

C : The invoice requires approval.

D : The pay-through date is in a future period.

E : The invoice needs re-validation.

Answer: A,C

Question 2

You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Which two are valid methods to achieve this? (Choose two.)

Options :

A : Choose the 'All Lines' option from the Allocate menu in the invoice line area.

B : Define a distribution set and assign it to the supplier.

C : Define a distribution set and assign it manually to the invoice.

D : Define a payment term and assign it to the invoice.

Answer: C,D

Question 3

Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?

Options :

A : Enter the payment terms in the Manage Payment Options page so they default onto the invoice.

B : Enter the payment terms at the Supplier level so they default onto the invoice.

C : Enter the payment terms at the supplier site level so they default onto the invoice.

D : Manually override the payment terms that have defaulted from the purchase order for those suppliers.

E : Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.

Answer: D

Question 4

Identify three statements that indicate the purpose of Functional Setup Manager.

Options :

A : It allows you to centrally manage the close processes across subledgers and ledgers.

B : it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.

C : It automatically marks the completion status of tasks as Completed once they have been completed.

D : It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.

E : It provides a central place to access and perform all of the setup steps across the applications.

Answer: A,C,D

Question 5

How will system evaluate the tolerances for expense reports?

Options :

A : System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.

B : System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.

C : System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).

D : System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).

E : System will use absolute amount tolerance setup to do validations.

Answer: D

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