What is the result of voiding a payment?

A. The payment is reconciled to the bank statement.

B. The payment is no longer valid for payment.

C. A stop payment request has been initiated to thebank.

D. A bills payable payment was created but is not yet matured.

You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?

A. allow you to secure data by business unit

B. allow you to assign multiple business units to users in a shared service center

C. allow you to maintain sets of related data in a Data Dictionary

D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

A. Create your template in English language. then upload it to Business Intelligence (BI) under thecustom/ payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

B. Create your template in the local language. then upload it to Business Intelligence (BI) under thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

C. Create your template in English language. then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.

D. Create your template in local language. then upload it to Business Intelligence (BI) under the custom/ payment folder under the templates region with country locale.

Which three types of payments can you make if you have access to Disbursement Process Management Duty?

A. Supplier payments

B. Ad hoc payments

C. Employee advances

D. Customer refunds

E. Reimbursement of employee expense reports

Identify two ways the invoice imaging solution works in the Cloud.

A. Customers scan the invoice on-premise and emailthe images.

B. Customers cannot use invoice imaging in the Cloud.

C. Customers scan and store the invoice images on-premise and attach them during invoice entry.

D. Customers ask their suppliers to scan and email the invoice.

E. Customers ask suppliers tosend electronic invoices.

Which invoice types can be included in the Create Payment flow?

A. Standard, Credit Memo and Debit Memo

B. Standard, Credit Memo, and Invoice Request

C. Standard, Credit Memo and Customer Refund

D. Standard, Debit Memo and Customer Refund

During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa than the one used by your company.

How do you handle this situation?

A. Do not enter the taxi expense and call your Finance Department so that they can make changes in theconversation rate settings and you do not violate the allowable limit.

B. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.

C. Use the corporate-defines conversion rate even if itmeans you will not be reimbursed fully.

D. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.

You have created an approval rule as follows:

Rule 1: If the invoice amount > $1000, route it to User 1.

Rule 2: If the invoice amount < $1000, auto approve it.

Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

A. The system will issue an error message after the approval has been initiated.

B. Invoice will not be processed.

C. Invoice will be sent to User 1 for approval.

D. Invoice will be auto-approved.

You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to mar 31st.

Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000

B. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000

C. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000

D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A. The purchase order payment term cannot be overridden.

B. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

C. The user needs to specify which payment term to use.

D. The payment termof the invoice overrides the purchase order payment term.

E. The payment term of the purchase order overrides the invoice payment term.