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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Payables Configuration and Setup | 30% | - Configure Payables System Options
|
| Topic 2: Payments and Disbursements | 25% | - Payment Processing
|
| Topic 3: Reporting, Integration, and Maintenance | 20% | - Integration and Maintenance
|
| Topic 4: Invoice Processing and Management | 25% | - Prepayments and Expense Invoices
|
When creating a check payment, from where is the payment document defaulted?
Correct Answer: E 🗳️
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The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)
Correct Answer: C,E,F 🗳️
Explanation: Only visible for Exam4PDF members. You can sign-up / login (it's free).
A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?
Correct Answer: A 🗳️
Explanation: Only visible for Exam4PDF members. You can sign-up / login (it's free).
You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?
Correct Answer: D 🗳️
Explanation: Only visible for Exam4PDF members. You can sign-up / login (it's free).
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 🗳️
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