Question 1

A user is trying to bill a Purchase Order for Item A (with a Quantity of 50) and the status is Pending Receipt. However, the Bill button does not appear on the Purchase Order. Only the Receive button shows. Which statement explains this behavior?

Options :

A : The Bill button only appears on Purchase Orders with billing terms.

B : The Bill in Advance of Receipt preference should be enabled.

C : The Advanced Billing feature should be enabled.

D : The Allow Overage on Item Receipt preference should be enabled.

Answer: B

Question 2

Which statement is true about Vendor Return Authorizations?

Options :

A : Returning fewer items than what was ordered is allowed.

B : Once saved, the Vendor Return Authorization is recorded in the register, which is a posting account in the Chart of Accounts.

C : The status on a Vendor Return Authorization is always Pending Return.

D : Once saved, increasing the quantity or changing the rate creates an improper GL impact and is not recommended.

Answer: A

Question 3

Which statement is true regarding Elimination Subsidiaries?

Options :

A : Elimination Subsidiaries are not required to be the same currency as the parent subsidiary.

B : Elimination Subsidiaries are automatically created.

C : Elimination Subsidiaries are not required to balance debits and credits.

D : Elimination Subsidiaries can only post Journal Entries.

Answer: D

Question 4

What is the purpose of Consolidated Exchange Rates? (Choose two.)

Options :

A : Consolidated Exchange Rates are used to set up Balance Sheet Accounts.

B : Consolidated Exchange Rates ensure that currency amounts translate properly from child to parent subsidiaries.

C : Consolidated Exchange Rates are used for reporting purposes.

D : Consolidated Exchange Rates are used only when setting up transaction currencies.

E : Consolidated Exchange Rates are used for currency conversion.

Answer: B,C

Question 5

What feature enables a user to create Billing Schedules in order to invoice sales over a time period or contract term?

Options :

A : Advanced Billing

B : Billing Operations

C : Billing Accounts

D : Charge-Based Billing

Answer: A