10 free sample questions from a bank of 105, with the correct answers and explanations. No signup required — start practising right now.
1What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
Standard Invoice
Standard invoice request
Credit Memo
Supplier payment request
iSupplier Invoice
Answer: B
2When creating a check payment, from where is the payment document defaulted?
Legal Entity
Bank
Business Unit
Bank Account
Supplier
Answer: D
3You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?
InvoiceApproversFYIParticipantInParallelMode
InvoiceApproversSingleParticipantInParallelMode
InvoiceApproversParallelParticipantInParallelMode
Invoice Approvers
Answer: B
4If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
yes, by canceling the payment process from the process monitor
Cancel the invoice and create a new one.
yes, by voiding the payment created
yes, by creating a credit memo to offset the payment
no
Answer: C
5An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this?
The pay-through date is in a closed Payables period.
The invoice has not been accounted.
The invoice requires approval.
The pay-through date is in a future period.
The invoice needs re-validation.
Answer: C, E
6When reviewing installments, what setup is required to override the supplier site on an invoice?
Allow the remit-to supplier override for third-party payments at Manage Invoice options.
Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
Allow payee to override for third-party payments while Manage Invoice options.
Allow the remit-to supplier override for third-party payments at Manage Payment options.
Answer: B
7Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
The user needs to specify which payment term to use.
The payment term of the purchase order overrides the invoice payment term.
The payment term of the invoice overrides the purchase order payment term.
The purchase order payment term cannot be overridden.
The user needs to manually change the payment term on the invoice to match the purchase order payment term.
Answer: C
8Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in
French. What is the relevant step to do this for preparing the payment template?
Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
Answer: D
9Which two statements are true when you are using the Intercompany Reconciliation Reports?
You must run the prepare Intercompany Reconciliation Reporting Information process.
The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.
Answer: A, C
10You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?