Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
B. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
D. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
You have invoices with distributions across primary balancing segments that represent different
companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount
across the same balancing segments on the invoice distributions?
A. Payable's Automatic Offset
B. Intercompany Balancing
C. Subledger Accounting's Account Rules
D. Suspense Accounts
E. Payables' Allow Reconciliation Accounting
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? (Choose two.)
A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
B. Schedule create accounting for the intercompany process.
C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
E. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
F. Manual Approvals should be allowed for the transaction type.
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
A. Cancel the invoice, which debits the liability and credits the expense.
B. Issue a credit memo, which will debit the liability and credit the expense.
C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
Which attributes on the payables invoice can be used during approval rule creation?
A. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
B. company and cost center segment only
C. supplier only
D. cost center segment and supplier only
What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)
A. identification of errors with clear error messages at the invoice header and line levels
B. ability to enter a high volume of invoices via a spreadsheet
C. ability to correct errors and re-import invoices directly from a spreadsheet
D. identification of errors with clear error messages at the invoice header level only
E. ability to correct errors within the spreadsheet and send invoice corrections for approval
What is the name of the Work Area that is used to access Functional Setup Manager?
A. Functional Work Area
B. Functional Setup Manager
C. Customization Manager
D. Setup and Maintenance
E. Customize Setup and Maintenance
You want your expense auditors to audit only expenses reports for specific business units. How do you do this?
A. Create your own audit extension rules that correspond to the business unit.
B. Assign the auditors' specific data roles for the corresponding business units.
C. Create a custom duty role and assign the data roles to each auditor.
D. Make auditors the managersof the corresponding business unit to route expense reports properly.
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
A. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value ?not applicable.
B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
C. Modify your template to hard code the value "Domestic" for the pay group position.
D. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value ? as desired.
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?
A. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
B. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
C. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
D. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
