PeopleSoft Payables 9.1 Essentials v6.0 (1z0-573)

Page:    1 / 5   
Total 77 questions

Vendors can have multiple addresses and multiple locations. Addresses are the physical addresses of the vendor; a location corresponds to a unique way of doing business.
Identify the four correct statements regarding locations.

  • A. Defines the primary physical address where business is conducted
  • B. Defines payment terms and banking information for the vendor
  • C. Defines a number of payment parameters that are used during payment processing
  • D. Generates separate checks for each voucher at the location level
  • E. Specifies matching options if matching is used to approve vouchers for payment


Answer : A,B,D,E

Identify two voucher types for which the Matching process is applicable.

  • A. Regular voucher
  • B. Prepaid voucher
  • C. Adjustment voucher
  • D. Journal voucher
  • E. Registered voucher


Answer : B,D

A vendor has five locations one each in the New York, Germany, France, Italy, and the
UK. How many vendor ID numbers should be created?

  • A. One Vendor ID
  • B. Five Vendor IDs representing each country
  • C. Two Vendor IDs – one representing the US and the second for all European countries
  • D. Three Vendor IDs – one each for the US, the UK, and the European Union


Answer : C

What step is mandatory when creating pay cycles using the Payment Selection Criteria component?

  • A. Define bank replacement rules.
  • B. Set up banks and bank accounts.
  • C. Set up vendor pay groups.
  • D. Set up netting reference codes and exclusion parameters.
  • E. Tailor your pay cycle definition.


Answer : D

Which four dates are used in conjunction with the voucher payment terms to calculate the net due date, discount due date (if applicable), and the scheduled due date?

  • A. Inv Date (invoice date)
  • B. Doc Date (document date–date voucher is entered)
  • C. Rec Date (reconciliation date)
  • D. Recpt Date (receipt date)
  • E. User Date (user-specified date)


Answer : A,B,D,E

The business calendar is used throughout PeopleSoft applications to define nonworking days and holidays for transaction processing. What are four Business Day Validations?

  • A. No Validation
  • B. Use Standard Week
  • C. Use Holiday Calendar
  • D. Validate Payment Dates
  • E. Use Leap Year Calendar
  • F. Validate Custom Calendar
  • G. Use Secondary Holiday Calendar


Answer : B,C,E,G

Which option on the Payment Terms Page when selected enables the system to apply unapplied vouchers to prepayments automatically during the Voucher Posting process?

  • A. Prepay/Third/Claim Pay Terms
  • B. Automatically Apply Prepayment
  • C. All other claims
  • D. Prepayment by BU
  • E. Payment Terms


Answer : D

Which two statements are true about prepayment application to regular vouchers?

  • A. A Prepaid voucher can be applied to many regular vouchers but not vice versa.
  • B. A Prepaid voucher cannot be paid in more than one regular payment schedule.
  • C. A Prepaid voucher will not be available for applying to regular vouchers until it is paid.
  • D. Withholding cannot be applied on prepaid vouchers.


Answer : C,D

Reference:
http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fapy/task_EnteringPrepaidVou chersOnline-9f6e82.html

Which three are supported by the Peoplesoft payment interface?

  • A. Peoplesoft Payroll payments
  • B. Peoplesoft Treasury settlement payments
  • C. Peoplesoft Expenses expense sheet
  • D. Peoplesoft purchasing rebate claim process
  • E. PeoplesoftExpenses cash advance payments


Answer : A,C,D

Which two statements are true regarding an Accounts Payable inquiry?

  • A. Prepaid vouchers must not be paid to appear under unapplied prepayments in a vendor current balances inquiry.
  • B. Review Scheduled payment information does not allow users to enter both vendor ID and vendor short name in the search criteria.
  • C. Saved search option is available in the Voucher inquiry, Match workbench, and Accounting entries inquiry screens.
  • D. From and To Payment dates are required fields to display charts on the Payment inquiry page.


Answer : B,C

Reference:
http://docs.oracle.com/cd/E16365_01/fscm91pbr0/eng/psbooks/fspr/chapter.htm?File=fspr/ htm/fspr04.htm

The AP Manager would like to know the payments due in a particular month. Which report will give the appropriate result?

  • A. Payables Open Liability report
  • B. Payment Aging report
  • C. AP Trial Payment Register
  • D. Payment Forecast
  • E. Control Group Register


Answer : D

When using the copy PO function on the Regular Voucher page, where does the Payment
Terms value come from by default (meaning at the highest default level and assuming that no options are checked in the Copy PO section of the Payables Definition page)?

  • A. From the Vendor
  • B. From the specific Vendor Location identified
  • C. From the Purchase Order Header
  • D. From the Receipt
  • E. From the Payables Options for the business unit


Answer : C

The Purchasing Manager has just found a new vendor to purchase the new chairs for the
Purchasing breakroom. A new vendor request form is submitted to add the vendor into the system. Which is good practice to perform prior to creating a vendor in PeopleSoft?

  • A. Ask the vendor for his EIN number and verify the number is correct by calling the vendors bank
  • B. Ask the vendor for the EIN/Tax ID number and verify it is correct with a reputable agency or search site
  • C. Obtain and call four references for the vendor
  • D. Add a vendor into the system 30 days prior to being used


Answer : C

The voucher posting process determines the ledger group for generating accounting entries based on ______.

  • A. the ledger group tagged at the Payables Definition setup of the voucher payables business unit
  • B. the ledger group entered at the voucher header level by a user on the voucher creation page
  • C. the ledger group tagged at the Ledgers for a unit setup of the voucher general ledger business unit
  • D. the ledger group tagged at the Ledgers for a unit setup of the voucher payables business unit
  • E. the ledger group entered at the voucher distribution level by a user on the voucher creation page


Answer : C

Reference:
http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fspf/task_SettingUpInterunitan dIntraunitProcessing-9f1389.html

Is it possible to define voucher entry limits to restrict users from entering vouchers over a certain threshold? Ifyes, how?

  • A. Yes, voucher entry limits are defined in User Preferences.
  • B. No, it is not possible to define voucher entry limits.
  • C. Yes, voucher entry limits are defined in Session Defaults.
  • D. Yes, voucher entry limits are defined through a workflow around voucher entry.
  • E. Yes, voucher entry limits are defined through the use of Control Groups.


Answer : D

Page:    1 / 5   
Total 77 questions