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Question ID 21893

Identify the correct sequence of steps in the Procure to Pay period dose process.

Option A

Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer
and review. > Close the period in AP. > Post journal entries in GL > Reconcile AP activity for the period.
> Close the PO period.

Option B

Prepare for period close. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer
and review. > Close the period in AP. > Reconcile AP activity for the period. > Close the PO period. >
Post journal entries in GL

Option C

Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer
and review. > Close the period in PO. > Post journal entries in GL > Reconcile PO activity for the
period. > Close the AP period.

Option D

Prepare for period dose. > Run Validation/ Review and resolve holds. > Create accounting. > Transfer
and review. > Close the period in AP. > Reconcile AP activity for the period. > Post journal entries in GL
> Close the PO period.

Option E

Prepare for period dose. > Run Validation/ Review and resolve holds. > Transfer and review. > Close
the period in AP. > Create accounting. > Post journal entries in GL. > Reconcile AP activity for the
period. > Close the PO period.

Correct Answer A
Explanation


Question ID 21894

A multinational company is setting up the sourcing rules and approved supplier list (ASL) to source
inventory items across different organizations.
Which two statements are true? (Choose two.)

Option A

You do not need to create a local ASL if you create a Global ASL

Option B

Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.

Option C

You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.

Option D

The country of origin must be entered in the ASL, or it would not be available on the purchasing
document.

Option E

A commodity can be assigned to a supplier at both the global level and at the local level, and the local
level assignment takes precedence.

Correct Answer B,E
Explanation

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