Question 6 of 72
The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request
Inquiry?
    Correct Answer: A

    To review error messages from the Manage Payment Process Request inquiry when the payment build program has completed but with errors, you need to set the validation failure handling for documents to 'show errors'. This setting ensures that any validation errors encountered during the document validation phase are displayed, allowing you to review and address them.

Question 7 of 72
You want to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this.
    Correct Answer: B, D

    To allocate invoice lines automatically across multiple cost centers, defining a distribution set and assigning it either manually to the invoice or to the supplier can achieve this. Defining a distribution set and manually assigning it to the invoice ensures that the distribution happens each time the invoice is processed. Alternatively, assigning the distribution set to the supplier automates the process for all invoices from that supplier, ensuring consistent allocation across multiple invoices.

Question 8 of 72
Which two statements are true when you are using the Intercompany Reconciliation Process?
    Correct Answer: B, D

    The reconciliation period summary report will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature. Running the Extract Intercompany Reconciliation Data job is necessary for the reconciliation process. These two statements accurately reflect the process of intercompany reconciliation.

Question 9 of 72
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?
    Correct Answer: C

    When a company runs the Payables Unaccounted Transactions Sweep program, it changes the accounting dates of all unaccounted invoices to the first day of the next period. Therefore, the accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.

Question 10 of 72
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?
    Correct Answer: A, F

    To generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run, you must run two essential processes: Transfer Intercompany transactions to Receivables and Payables, and Create Intercompany transactions to Receivables and Payables. These processes ensure the proper creation and transfer of the transactions needed for intercompany accounting.