Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 48

Select three reasons why you cannot close your Payables period.

Answer options

• A. open intercompany transactions
• B. unapplied prepayments
• C. suppliers on payment holds
• D. bills payable requiring maturity
• E. unaccounted invoices and payments

Correct answer: A, D, E

Explanation

The correct answers, A, D, and E, are all issues that directly impact the closure of the Payables period. Open intercompany transactions create outstanding obligations, bills payable requiring maturity indicate that payments cannot yet be processed, and unaccounted invoices and payments lead to discrepancies. Options B and C, while relevant, do not directly prevent the closure of the Payables period in the same way.