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| Section | Objectives |
|---|---|
| Supplier Management | - Supplier setup and maintenance
|
| Payments Processing | - Payment processing and execution
|
| Tax and Accounting Integration | - Tax configuration and calculation
|
| Payables Setup and Configuration | - Payables application configuration
|
| Reporting and Period Close | - Period close activities
|
| Invoice Processing | - Invoice creation and validation
|
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?
Correct Answer: B 🗳️
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018
Date Basis = Due Date
What will be the resulting status of the installment and discount?
Correct Answer: A 🗳️
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
Correct Answer: C 🗳️
Explanation: Only visible for FreeDumps members. You can sign-up / login (it's free).
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this?
Correct Answer: A,D 🗳️
Explanation: Only visible for FreeDumps members. You can sign-up / login (it's free).
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
Correct Answer: A 🗳️
Explanation: Only visible for FreeDumps members. You can sign-up / login (it's free).
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