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NEW QUESTION 1
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)
- A. System Options
- B. Receipt Class
- C. Customer Site
- D. Receipt Method
- E. Customer Account
Answer: CDE
NEW QUESTION 2
Identify two values that default from Customer Profile Classes. (Choose two.)
- A. Business Purpose
- B. Statement Cycle
- C. Legal Entity
- D. Tax
- E. Payment Terms
Answer: DE
NEW QUESTION 3
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?
- A. Mapping Set
- B. Supporting References
- C. Transaction References
- D. Description Rule
Answer: B
NEW QUESTION 4
You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.
How would you achieve this?
- A. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
- B. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
- C. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
- D. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
- E. Set the payment terms revenue recognition policy to look for Line First and Tax Late
Answer: C
NEW QUESTION 5
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Two Step Allocation Method
- B. Inverted Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: A
NEW QUESTION 6
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- B. You can refund receipts that were either remitted or cleared.
- C. You can issue a credit card refund to a customer who has made a cash payment.
- D. You can refund receipts that are factore
Answer: AB
NEW QUESTION 7
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
- A. transactions that have the Print Option set to Do Not Print
- B. transactions that have the selected payment terms
- C. transactions have a Bill Type of Imported
- D. transactions that were included in a previous Balance Forward Bill
Answer: B
NEW QUESTION 8
What is the order used to group transaction lines during the AutoInvoice Import process?
- A. Transaction Source, Customer Site Profile, Customer Account Profile, system options
- B. System options, Customer Site Profile, Transaction Source, Customer Account Profile
- C. Transaction Source, Customer Account Profile, Customer Site Profile, system options
- D. Transaction Source, Customer Account Profile, system options, Customer Site Profile
Answer: A
NEW QUESTION 9
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
- A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
- B. Create an Oracle Business Intelligence Applications (OBIA) Report.
- C. Query each customer refund and verify the Refund Status.
- D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
Answer: D
NEW QUESTION 10
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)
- A. Pending My Research
- B. Pending Approval From Managers
- C. Pending Approval
- D. Pending My Approval
- E. Approved
Answer: AD
NEW QUESTION 11
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)
- A. The Transaction Summary Report shows only transactions with a status of received.
- B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
- C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
- D. The ledger balancing lines are 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.
- E. You need to submit the Extract Intercompany Reconciliation Data jo
Answer: CD
NEW QUESTION 12
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA. Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
- B. Customer Japan can pay its own transactions.
- C. Customer USA can pay for Customer West and its own transactions.
- D. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- E. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
Answer: BCD
NEW QUESTION 13
What information does the Collector see in the Activities List area of the Collections Dashboard?
- A. customer’s profile for each assigned customer
- B. customer search as per the parameter specified
- C. status of processing activities from the Process Monitor
- D. tasks assigned to the Collector, such as follow-up calls
- E. summary of aged transactions
Answer: D
NEW QUESTION 14
A Billing Specialist has created and completed an invoice for $100 USD for Customer A. The Specialist prints the invoice and realizes that the invoice should have been created for Customer
- A. The accounting for the transaction for Customer A is posted to the General Ledge
- B. How can this be corrected?
- C. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
- D. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
- E. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
- F. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
Answer: A
NEW QUESTION 15
Which two items are required for customer invoicing? (Choose two.)
- A. Lockbox
- B. Customers
- C. Remit-to-address
- D. Customer Profile Class
Answer: BD
NEW QUESTION 16
A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?
- A. only after manual intervention
- B. after 100 days
- C. immediately
- D. after 60 days
Answer: B
NEW QUESTION 17
Which three transaction types are used to generate late charges? (Choose three.)
- A. Cash Receipts
- B. Adjustments against the original transaction
- C. Credit Memo
- D. Debit Memo
- E. Interest Invoice
Answer: BCE
NEW QUESTION 18
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A. Lockbox Transmission History
- B. Create Automatic Receipts
- C. Correct Funds Transfer Errors
- D. Create Receipt Remittance Batch
- E. Manage Receipt Remittance Batches
Answer: BDE
NEW QUESTION 19
Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)
- A. Debit Memo
- B. Deposit
- C. Charge Back
- D. Credit Memo
- E. Guarantee
Answer: AD
NEW QUESTION 20
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.
- A. Earned revenue will be debited for $50 USD.
- B. Unearned revenue will be credited for $100 USD.
- C. Earned revenue will be credited for $50 USD.
- D. Unearned revenue will be debited for $50 US
Answer: C
NEW QUESTION 21
Identify two late charge interest calculation methods. (Choose two.)
- A. Previous Balance
- B. Adjusted Balance
- C. Overdue Transactions only
- D. Average Daily Balance
Answer: CD
NEW QUESTION 22
Identify the dunning letter template set provided by an application.
- A. Soft, Regular, Hard
- B. Regular, Medium, Hard
- C. Final Demand, Soft, Medium
- D. Regular, Final Demand, Medium
Answer: C
NEW QUESTION 23
To determine the best approach to converting a client’s data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)
- A. Collectors
- B. Standard Memo Lines
- C. Revenue Types
- D. Receivable Specialists
- E. Revenue Contingencies
Answer: BCE
NEW QUESTION 24
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
- A. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
- B. The payable options and the receivable system options should have the same tax application options.
- C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
- D. First enter a payable transaction to calculate tax and then enter the receivable transaction.
- E. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
- F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
Answer: BF
NEW QUESTION 25
You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)
- A. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
- B. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
- C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
- D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
- E. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
- F. The customer does not have the default strategy and default collector assigned at the customer account and site level.
Answer: CE
NEW QUESTION 26
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