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| Section | Objectives |
|---|---|
| Topic 1: Payables Setup and Configuration | - Payables application configuration
|
| Topic 2: Reporting and Period Close | - Payables reporting
|
| Topic 3: Tax and Accounting Integration | - Tax configuration and calculation
|
| Topic 4: Payments Processing | - Payment processing and execution
|
| Topic 5: Supplier Management | - Supplier setup and maintenance
|
| Topic 6: Invoice Processing | - Invoice creation and validation
|
1. Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
A) General Ledger Financial Statements and the Accounts Payable and Invoice Registers
B) Payables Aging reports with the General Ledger Trial Balance report
C) Payables Trial Balance and General Ledger Trial Balance reports
D) Payables to Ledger Reconciliation report
2. A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.
Which solution should you implement?
A) Create payments by using the Check Payment method for those suppliers and then destroy those checks.
B) Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
C) Create a payment by using a wire payment method for those suppliers.
D) Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
3. You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?
A) allow you to secure data by business unit
B) allow you to maintain sets of related data in a Data Dictionary
C) allow you to assign multiple business units to users in a shared service center
D) allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
4. You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
A) Intercompany Balancing
B) Suspense Accounts
C) Payables' Allow Reconciliation Accounting
D) Payable's Automatic Offset
E) Subledger Accounting's Account Rules
5. Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
A) Business Unit
B) Legal Entity
C) Balancing Segment Value
D) Supplier
E) Ledger Set
F) Natural Account
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A,D,F |
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