A+ Graded Paper
Boost Your Finance Career: Accounts Payable
Certification -Verified Questions & A+ Answers
Questions and Mark scheme
Version: Final
,Select three statements about the submission of invoices by suppliers using Supplier Portal. (select 3)
A. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
B. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
C. A supplier can validate the invoice after submitting it.
D. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization, for
all the invoice items are the same as those on the purchase orders.
E. A supplier can not make changes to the invoice after submitting it. - ✔✔B, D, & E
Which two statements are true about processing corporate card expenses? (select 2)
A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
B. You can process payment for credit card using Electronic funds transfer, check, or wire.
C. Usage policy for expense category tolerances does not apply to credit card expenses.
D. Conversion rate defaults apply only to cash expenses, not to corporate expenses.
E. Card transactions will be paid directly for Expenses Cloud. - ✔✔C & D
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is
Company A. Supplier name is a group that repeats on every page. Which is the correct way to customize the template?
A. Insert the syntax: <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?>
after the invoice table.
B. Insert the syntax: <?if:VENDOR_NAME=' COMPANY A'?> before the Supplier field on the template. Then enter the
<?end if?> tag after the invoices table.
C. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
D. Insert the syntax: <?if:condition?> before the Supplier field and then enter the closing tag </<? if: condition?>. - ✔✔B
The accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are
correct? (select 3)
A. Voiding the payment automatically places an invoice on hold.
, B. Any previous accounting and payment records for an invoice are reversed.
C. Any realized gain or loss previously calculated is reversed.
D. All related withholding tax invoices are automatically voided.
E. All related interest invoices are reversed if previously created. - ✔✔B, C, & E
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (select 3)
A. Supplier payments
B. Ad hoc Payments
C. Employee advances
D. Customer refunds
E. Reimbursement of employee expense reports - ✔✔A, D, & E
Identify two ways the invoice imaging solution works in the Cloud. (select 2)
A. Customers scan the invoice on-premise and email the images.
B. Customers cannot use invoice imaging in the Cloud.
C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
D. Customers ask their suppliers to scan and email the invoice.
E. Customers ask suppliers to send electronic invoices. - ✔✔A & D
A payment Process Request was submitted and errors were found in the payment file. The payment file and process
were terminated. Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment file is cancelled and the related documents are available for future selection.
C. The status of the payment is canceled.
D. The status of the payment is terminated.
E. The status of each payment in the payment file is terminated. - ✔✔B & D
You have successfully processed the expense reports for reimbursement and have transferred the information to
Payables. What is the next step before you can pay them?
Boost Your Finance Career: Accounts Payable
Certification -Verified Questions & A+ Answers
Questions and Mark scheme
Version: Final
,Select three statements about the submission of invoices by suppliers using Supplier Portal. (select 3)
A. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
B. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
C. A supplier can validate the invoice after submitting it.
D. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization, for
all the invoice items are the same as those on the purchase orders.
E. A supplier can not make changes to the invoice after submitting it. - ✔✔B, D, & E
Which two statements are true about processing corporate card expenses? (select 2)
A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
B. You can process payment for credit card using Electronic funds transfer, check, or wire.
C. Usage policy for expense category tolerances does not apply to credit card expenses.
D. Conversion rate defaults apply only to cash expenses, not to corporate expenses.
E. Card transactions will be paid directly for Expenses Cloud. - ✔✔C & D
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is
Company A. Supplier name is a group that repeats on every page. Which is the correct way to customize the template?
A. Insert the syntax: <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?>
after the invoice table.
B. Insert the syntax: <?if:VENDOR_NAME=' COMPANY A'?> before the Supplier field on the template. Then enter the
<?end if?> tag after the invoices table.
C. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
D. Insert the syntax: <?if:condition?> before the Supplier field and then enter the closing tag </<? if: condition?>. - ✔✔B
The accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are
correct? (select 3)
A. Voiding the payment automatically places an invoice on hold.
, B. Any previous accounting and payment records for an invoice are reversed.
C. Any realized gain or loss previously calculated is reversed.
D. All related withholding tax invoices are automatically voided.
E. All related interest invoices are reversed if previously created. - ✔✔B, C, & E
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (select 3)
A. Supplier payments
B. Ad hoc Payments
C. Employee advances
D. Customer refunds
E. Reimbursement of employee expense reports - ✔✔A, D, & E
Identify two ways the invoice imaging solution works in the Cloud. (select 2)
A. Customers scan the invoice on-premise and email the images.
B. Customers cannot use invoice imaging in the Cloud.
C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
D. Customers ask their suppliers to scan and email the invoice.
E. Customers ask suppliers to send electronic invoices. - ✔✔A & D
A payment Process Request was submitted and errors were found in the payment file. The payment file and process
were terminated. Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment file is cancelled and the related documents are available for future selection.
C. The status of the payment is canceled.
D. The status of the payment is terminated.
E. The status of each payment in the payment file is terminated. - ✔✔B & D
You have successfully processed the expense reports for reimbursement and have transferred the information to
Payables. What is the next step before you can pay them?
