Question 1

Which three are valid reasons why you cannot close your Payables period?

Options :

A : Unapplied prepayments

B : Incomplete payment files

C : Bills payable requiring maturity

D : Unaccounted invoices and payments

E : Suppliers on payment holds

Answer: B,C,D

Question 2

You have been managing the procure to pay process related to a construction project for one of your customer. You are using retainage feature to ensure that a certain percentage of payment is held back until the project is completed , and all requirements are fulfilled according to the contract. A portion of the work has been completed and retainage release invoices?

Options :

A : Retainage release by Invoice schedule

B : Retainage release by Invoice Lines

C : Retainage release by PO Schedule

D : Retainage release by Invoices

E : Retainage release by PO Line

Answer: B,C

Question 3

While creating the setup for employee bank accounts, you have the profile option CE_USE_EXISTING_BANK_BRANCHset to Yes. What can the users now search for by default?

Options :

A : Bank Branch identifier

B : Bank Branch only

C : Bank and Bank Branch

Answer: C

Question 4

Your Company is considering using BI publisher to create additional reports. They want to know about the various features and benefits of this tool. Which are two benefits of BI publisher customize feature?

Options :

A : Report output is sent to an e-commerce site

B : Writing code is not required

C : You do not need any special roles to access this feature

D : A backup copy of the report is automatically saved in my folders

E : Patches do not override report customizations

Answer: D,E

Question 5

An installment for $2,000 USD is due for payment on July 31, 2022. The installment has two discounts: the first discount date is June 15, 2022 for $150 USD and the second discount date is June 30, 2022 for $50 USD. You submit a Payment Process Request with the following criteria: Payment Date = June 20, 2022 Pay Through Date = July 30, 2022 Date Basis = Due Date What will be the resulting status of the installment and discount?

Options :

A : The installment is selected and no discount is applied.

B : The installment is selected and a discount of $50 USD is applied.

C : The installment is selected and a discount of $150 USD is applied.

D : The installment is not selected because the due date is after the Pay Through Date.

E : The installment is not selected because the discount dates are before the Pay Through Date.

Answer: D