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ACCOUNTS PAYABLE SPECIALIST CERTIFICATION IOFM
EXAM 2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
a company has a requirement to default the disbursement bank
account when submitting a payment process request? (select 2)
a. define the disbursement bank account to every supplier
b. define the disbursement bank account to the payment method
in payment default rules
c. assign the disbursement bank account to users to have the
payment process default the bank account
d. create a payment process request template that includes the
disbursement bank account
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e. define the disbursement bank account at the business unit level
to have the payment process derive the bank account -
ANSWER-d. create a payment process request template that
includes the disbursement bank account
e. define the disbursement bank account at the business unit level
to have the payment process derive the bank account
which statement is true about selecting a bank account on the
create payment page?
a. bank account must match the supplier's bank account
b. there is not relationship between the business unit, bank and
LE. Users can pick any bank account that is setup in their system
c. LE on the bank account should be different from the LE on the
invoice
d. LE on the bank account should be equal to LE on the invoice
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e. users can pick any bank account as long as the bank account
is tied to the business unit - ANSWER-e. users can pick any bank
account as long as the bank account is tied to the business unit
you notice that the deployment status of the accounting flexfield is
edited. What is the reason for this? (select 2)
a. The flexfield has been modified through a patch
b. Changes have been made to the structure, structure instance,
or value sets
c. the flexfield definition has not been deployed
d. the deployment attempt failed
e. the flexfield has been deployed to a sandbox - ANSWER-b.
Changes have been made to the structure, structure instance, or
value sets
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c. the flexfield definition has not been deployed
what would you use to enable the sharing of setup data, for
example, payables payment terms across business units?
a. a legal entity set
b. a data access set
c. a ledger set
d. a reference data set - ANSWER-d. a reference data set
What happens if a company runs the payables uncaccounted
transactions sweep program for february 2016 if the invoices with
a hold status have an invoice date of Jan. 20, 2016
ACCOUNTS PAYABLE SPECIALIST CERTIFICATION IOFM
EXAM 2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
a company has a requirement to default the disbursement bank
account when submitting a payment process request? (select 2)
a. define the disbursement bank account to every supplier
b. define the disbursement bank account to the payment method
in payment default rules
c. assign the disbursement bank account to users to have the
payment process default the bank account
d. create a payment process request template that includes the
disbursement bank account
, Page |2
e. define the disbursement bank account at the business unit level
to have the payment process derive the bank account -
ANSWER-d. create a payment process request template that
includes the disbursement bank account
e. define the disbursement bank account at the business unit level
to have the payment process derive the bank account
which statement is true about selecting a bank account on the
create payment page?
a. bank account must match the supplier's bank account
b. there is not relationship between the business unit, bank and
LE. Users can pick any bank account that is setup in their system
c. LE on the bank account should be different from the LE on the
invoice
d. LE on the bank account should be equal to LE on the invoice
, Page |3
e. users can pick any bank account as long as the bank account
is tied to the business unit - ANSWER-e. users can pick any bank
account as long as the bank account is tied to the business unit
you notice that the deployment status of the accounting flexfield is
edited. What is the reason for this? (select 2)
a. The flexfield has been modified through a patch
b. Changes have been made to the structure, structure instance,
or value sets
c. the flexfield definition has not been deployed
d. the deployment attempt failed
e. the flexfield has been deployed to a sandbox - ANSWER-b.
Changes have been made to the structure, structure instance, or
value sets
, Page |4
c. the flexfield definition has not been deployed
what would you use to enable the sharing of setup data, for
example, payables payment terms across business units?
a. a legal entity set
b. a data access set
c. a ledger set
d. a reference data set - ANSWER-d. a reference data set
What happens if a company runs the payables uncaccounted
transactions sweep program for february 2016 if the invoices with
a hold status have an invoice date of Jan. 20, 2016
