1Z0-517 Real Exam Questions

The manual payment method is best described as the method of _____.

XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice is received from them. The cost centers that are to be charged require minimal updating. Select the option you would recommend that requires minimal ongoing maintenance.

Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.

You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements: 1. They want to be able to pay only certain types of suppliers by batch. 2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention. 3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued. To meet the above requirements, you perform these steps: (a) Set up suppliers with pay groups for each type, and use them when running the payment batch. (b) Set up the payment batch with Maximum Outlay equal to $100,000 USD. (c) Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD. Which requirements have you met?