Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 31

What happens if a company runs the payables Unaccounted Transactions Sweep program for February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?

Answer options

• A. The accounting dates of all unaccounted invoices will be changed to February 20,2016, the same day of the next period.
• B. The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of the next period.
• C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.
• D. The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.

Correct answer: D

Explanation

The correct answer is D because running the Unaccounted Transactions Sweep program will change the accounting dates of unaccounted invoices to the first day of the next period. Options A and B incorrectly suggest that the dates will change to later dates within the next period, while option C incorrectly states that the dates will remain unchanged.