Question 1

Identify the table used to load procurement card transactions.

Options :

A : AP_Card_Codes

B : AP_Invoices_Interface

C : AP_Invoice_Lines_Interface

D : AP_Expense_Feed_Lines_All

Answer: D

Question 2

In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

Options :

A : processing a receipt

B : entering a purchase order

C : running the period-end accrual program

D : entering invoices and matching them in Payables

Answer: A,D

Question 3

Which statement is true about paying invoices?

Options :

A : An invoice can be paid without being validated.

B : An invoice can be paid only after the invoice accounting entries are created.

C : An invoice must be validated before you can create invoice accounting entries.

D : Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.

E : Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time, if they are in the same calendar period.

Answer: C

Question 4

Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

Options :

A : Void Check Register

B : Posted Invoices Report

C : Posted Payments Report

D : Accounts Payable Trial Balance – prior period

E : Payables Transfer to General Ledger Reports

F : Accounts Payable Trial Balance – current period

G : Account Analysis – (132 Char) / Account Analysis – (180 Char).

Answer: B,C,D,F

Question 5

Identify the conditions that must exist before you can apply an advance against an expense report.

Options :

A : The prepayment type is temporary and has been fully applied.

B : The prepayment type is temporary and has not been fully applied.

C : The prepayment type is permanent, has been validated, and not canceled.

D : The prepayment type is permanent and no active holds exist for the prepayment.

Answer: B

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