Online Access Free 1z1-507 Exam Questions

How do you classify a prepayment as permanent?

• A.Deselect the Allow Prepayment Application option in the Invoice Header page.
• B.Leave the Apply after date field blank in the Invoice Header.
• C.Create the prepayment invoice with the prepayment type as Permanent.
• D.Deselect the Allow Prepayment Application option In the Invoice Line.
• E.Permanent prepayments are not allowed.

Which three activities are performed in the Corporate Cards Work Area?

• A.managing outstanding transactions
• B.managing usage policies
• C.managing corporate card programs
• D.managing corporate card issuers
• E.creating payment requests
• F.managing historical transactions

An installment for $1000 is due for payment on January 10, 2012. The installment has two discounts: the first discount date is December 5, 2011 for $150 and the second discount date us December 20, 2011 for $100. The Pay Date Basis on the supplier site is Discount.
You submit a payment process request:
-Payment Date = December 5, 2011 -Pay Through Date = December 25, 2011 -Date Basis = Pay date -Always Take Discount option = Enabled
What will be the resulting status of the installment and discount?

• A.The installment is NOT selected but discount of $150 is availed because the Always Take Discount option is enabled
• B.The installment is NOT selected because the first discount date NOT BEFORE the Pay Through Date.
• C.The installment is selected and a discount of $100 is availed because only the latest discount date is committed.
• D.The installment is selected and a discount of $150 is available because the always Take Discount option is enabled.
• E.The installment is selected and a discount of $0 is available because the payment date is after the discount dates.

Which three details are required to create a Single Payment Request?

• A.Business Unit
• B.Legal Entity
• C.Disbursement Bank Account
• D.Type
• E.Remit-to Account

Which hold type prevents accounting of a foreign currency invoice if the conversion rate is missing?

• A.Unmatched Invoices hold
• B.Invoice Amount Limit hold
• C.No Rate hold
• D.Distribution Variance hold
• E.Incorrect Conversion Rate hold