You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

• A.allow you to secure data by business unit
• B.allow you to assign multiple business units to users in a shared service center
• C.allow you to maintain sets of related data in a Data Dictionary
• D.allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

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A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this? (Choose two.)

• A.Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
• B.Define the Disbursement Bank Account to the Payment Method in payment default rules.
• C.Define the Disbursement Bank Account to every supplier.
• D.Create a Payment Process Request template that includes the Disbursement Bank Account.
• E.Assign the Disbursement Bank Account to users to have the payment process default the bank account.

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A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

• A.Manage Invoice Options and Manage common options for Payables and Procurement
• B.Manage Payable Options and Manage Invoice Options
• C.Manage Invoice Options and Manage Procurement agents
• D.Manage common options for Payables and Procurement and Manage Procurement agents
• E.Manage Payment Options and Manage common options for Payables and Procurement

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Select three reasons why you cannot close your Payables period. (Choose three.)

• A.open intercompany transactions
• B.unapplied prepayments
• C.suppliers on payment holds
• D.bills payable requiring maturity
• E.unaccounted invoices and payments

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You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval.
What will happen?

• A.Invoice will be sent to User 1 for approval.
• B.The initiate option is greyed out for the invoice.
• C.Invoice will be auto-approved.
• D.The workflow will fail once approval is initiated.

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