Question 1

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 2

Select the most common level of security for the MO: Security Profile.

Options :

A : Site

B : User

C : Application

D : Responsibility

Answer: D

Question 3

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts’ accrual period-end process.

Options :

A : Accrual Write-Off

B : Uninvoiced Receipts

C : Mass Additions Create

D : Accounts Payable Trial Balance

Answer: B

Question 4

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.

Options :

A : Enter Payments

B : Invoice Overview

C : Invoice Distributions

D : Scheduled Payments

Answer: D

Question 5

Identify the profile option that is required to enable Multi-Org Access Control for multiple Operating Units.

Options :

A : HR: User Type

B : MO: Operating Unit

C : MO: Security Profile

D : HR: Business Group

E : MO: Default Operating Unit

Answer: C

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