Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy? (Choose three.)

• A. It defines when to initiate the payment approval process.
• B. It allows approvers to review payments and decide whether or not to approve a payment.
• C. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
• D. It defines a list of approvers who review payments and make final payment decisions.
• E. It determines which payments must go through the payment approval process.

A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

• A. Manage common options for Payables and Procurement and Manage Procurement agents
• B. Manage Invoice Options and Manage Procurement agents
• C. Manage Payment Options and Manage common options for Payables and Procurement
• D. Manage Payable Options and Manage Invoice Options
• E. Manage Invoice Options and Manage common options for Payables and Procurement

You want your expense auditors to audit only expense reports for specific business units. How do you do this?

• A. Make auditors the managers of the corresponding business unit to route expense reports properly.
• B. Create your own audit extension rules that correspond to the business unit.
• C. Create a custom duty role and assign the data roles to each auditor.
• D. Assign the expense auditors job role and business unit security context and value to the user.

Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)

• A. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.
• B. You must run the prepare Intercompany Reconciliation Reporting Information process.
• C. 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.
• D. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
• E. 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.

Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

• A. Payables to Ledger Reconciliation report
• B. Payables Trial Balance and General Ledger Trial Balance reports
• C. Payables Aging reports with the General Ledger Trial Balance report
• D. General Ledger Financial Statements and the Accounts Payable and Invoice Registers