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ARCY

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Title of test:
ARCY

Description:
Test ARCY

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K
(Other tests from this author)

Creation Date:
15/09/2020

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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? Only after manual intervention After 100 days Immediately After 60 days.
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu. Identify the action that you need to take. Business unit is not a required option on the Parameters tab to run the delinquency process. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user. Select the check box to enter the default business unit if it does not appear in the drop-down menu. Click the Setting button to apply appropriate settings so that the business unit appears in the drop-down menu.
Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction. The invoice is not closed The transaction is partially paid The transaction type is not associated with a credit memo type The transaction date fall in a closed period The transaction is a invoice.
Which three interest rate calculation formula methods are supported in Receivables? (Choose three) Average Flat Rate Declining Balance Simple Compound.
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise. Which three statments are true? (Choose Three) Is is not recommended to print transactions and balance forward bills directly from BI Publisher If you have printed a transaction, the View Print button will not display a preview of the print If you have not printed a transaction, the View Print button (preview of print) displays the transaction according to the default template in BI Publisher. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
To meet the business needs of most organizations, "Common Set" is seeded In Fusion for all set-enabled objects with the exception of _________________________. AutoMatch Rule Sets AutoCash Rules Revenue Scheduling Rules Customer Site Aging Methods.
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue? Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI. Delete the source data that was imported into Revenue Management and import new source data. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again. Delete Contracts from the Manage Customer Contracts UI.
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) Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer. 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. Preferences must be enabled and Enable bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels. The customer does not have the default strategy and default collector assigned at the customer account and site level.
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method. Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program? The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy. The program allow table hierarchies for customer bank accounts, but not for other customer information. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information. The use of parent, child and grandchild table hierarchies is allowed only in Accounts Payable, not Account Receivable. Yes, the program specially prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
Which two statements are true about Accounting for Tax on Receivables? (Choose two) For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity. For adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting For adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity For Adjustments, if the receivable activity tax code source is Invoice, Receivables use the tax account of the tax code. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting. For Credit memos, if the profile "AR: Use invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.
Your customer has three business units. The customer wants to share customer account addresses across these business units. Which reference data set can be used to achieve this? Create a new reference data set for account addresses and assign it to the business units Assign a Common reference data set to the business units, which share the account addresses Assign an enterprise reference data set to the business units, which share the account addresses Create a separate reference data set for each business unit and assign it to each unit.
Which two determinant types are used in reference data assignment? (choose two) Business Unit Account Segment Project Segment Project Unit.
Which three transaction types are used to generate late charges? (choose three) Cash Receipt Adjustments against the original transaction Credit Memo Debit Memo Interest Invoice.
You need to make decisions about how na application should behave as date ranges and defaults. What should you consider before defining Collections Preferences? Scheduled processes System privileges User application privileges The employees who are involved with the collections process and how the collectors will be assigned. Customer contact information.
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). System Options Receipt Class Customer Site Receipt Method Customer Account.
A customer calls the Account Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specif invoice line. As a Billing Specialist, which action woul you take? Search for the information in the Review Customer Account Details user interface Apply,reverse, or process the receipt Create an open debit memo Search for open invoices on the Manage Transaction search page.
What is the impact on transactions of changing the billing cycle for a customer or group of customers? The billing cycle does not have any impact on new transactions Existing transaction with no activity retain the old billing cycle Existing transaction with activity adapt the new billing cycle New transactions after this change inherit the new billing cycle.
Which method is used to allocate total transaction price across performance obligations in Revenue Management? Two Step Allocation Method Inverted Allocation Method Alternative Allocation Method Relative Allocation Method Residual Allocation Method.
You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms. Payment Term = Net 30; Reference Data Set = Enterprise SET Payment Term = Net 45; Reference Data Set = Enterprise SET Payment Term = 1%/10 Net 30; Reference Data SET = USA Set Payment Term = Net 45; Reference Data SET = USA Set If an invoice is created in Business Unit X, which payment term set is available for use in a transaction? Net 45 (Enterprise SET), Net 45 (USA Set) Net 30 (Enterprise SET), Net 45 (Enterprise Set) Net 30 (Enterprise SET), Net 45 (USA Set) 1%/10 Net 30 (USA Set), Net 45 (USA Set).
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level. How will bills be generated? Site 1, 2, and 3 activities will be included in a single bill Sites 2 and 3 activities will be included in a single bill Sites 1 and 2 activities will be included in a single bill Sites 1 and 3 activities will be included in a single bill.
What are the two locations where the system can look for Receipt Match By Value When Receivables applies customer payments automatically for manually created receipts? (Choose two) Receipt Method AutoMatch Rule Customer System Options.
What information does the Collector see in the Activities List area of the Collections Dashboard? Customer's profile for each assigned customer Customer search as per the parameter specified Status of processing activities from the Process Monitor Tasks assigned to the Collector, such as follow-up calls Summary of aged transactions.
Identify two values that default from Customer Profile Classes. (Choose two) Business Purpose Statement Cycle Legal Entity Tax Payment Terms.
Which two are rules applicable to issue of refunds? (Choose Two) You cannot refund more than either the original receipt amount or the remaining unapplied amount You can refund receipts that were either remitted or cleared You can issue a credit card refund to a customer who has made a cash payment You can refund receipts that are factored.
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transaction window. What are three results of this action? (Choose three) Payment schedules are created using the payment terms specified The invoice is sent for a dunning follow-up The invoice can now printed The invoice is eligible for transfer to the General Ledger The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method. Which bank account setup controls receipt application to short-term debt? Short-term debt clearing days Risk elimination days Clearing days Collection days Lead days Recall days.
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two) Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized. Time-based contingencies must not expire before the contingency can be removed and revenue recognized Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rate that are applicable on a transaction line. Your invoice has two lines: Line 1 with $600 USD and Line 2 with #400 USD. What will be the resulting tax invoice amount for your tax invoice? State tax of $166,67 USD for the invoice, city tax of $16,67 USD, and na invoice total of $1,184,34 USD. State tax of $166,67 USD for the invoice, city tax of $91,11 USD, and na invoice total of $1,257.78 USD State tax of $166,67 USD for the invoice, city tax of $91,11 USD, and na invoice total of $1,000.00 USD State tax of $200 USD for the invoice, city tax of $10 USD, and na invoice total of $1,210 USD State tax of $200 USD for the invoice, city tax of $100 USD, and na invoice total of $1,300.00 USD.
In what three ways will changing customer information impact the collection process? (Choose three) Changing information on the Profile tab does not have an impact on the level at which collections are done Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent Making changes on the Profile tab impacts the collection process Business-unit-level changes will not impact the display of delinquent customer on the dashboard Changing the Collector impacts the individual working with the delinquent customer.
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables _________ Removes the invoice line revenue contingencies Leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run Removes the pending sales credits Leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run.
What validation step is required for implementing dispute processing? The Recognize Revenue Program is scheduled BPM Work list for approval configuration is validated Periods for which the transaction can be disputed are Open All transactions are the invoice type.
Which three actions are facilitates through the Reconciliation Summary Report? (Choose Three) Drilldown to see reconciliation details and to make reconciling corrections Drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition Drilldown from any of summarized Receivables and Accounting amounts to see detailed activity Drilldown to see details for unaccounted revenue transactions not transferred and posted to the General Ledger Drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel.
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management? The extend SSP amounts for all performance obligations in the customer contract The SSP amounts for all performance obligations in the customer contract The selling price for all performance obligations in the customer contract The allocated amount for all performance obligations in the customer contract The billing amount for all performance obligations in the customer contract.
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? Mapping Set Supporting References Transaction References Description Rule.
Identify two late charges interest calculation methods. (Choose two) Previous Balance Overdue Balance Overdue Transactions only Average Daily Balance.
There are a few customers that you do not want to send dunning letters to. How would you exclude theses customers from dunning? Disable Send Dunning Letter in Transaction Source Type Disable Send Dunning Letter on the Correspondence tab Disable Send Dunning Letter in Collections Preferences Disable Send Dunning Letter on the Profile tab Disable Send Dunning Letter in Transaction Type.
Where is the summary delinquency data displayed on the Collections Dashboard? Activity tab Correspondence tab Profile tab Aging tab.
Identify the dunning letter template set provide by an application Soft, Regular, Hard Regular, Medium, Hard Final Demand, Soft, Medium Regular, Final Demand, Medium.
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three) Creating write-offs for specif currencies and customers Limiting write-offs by a percentage of the original receipt amount Scheduling periodic write-offs as receipt adjustments for old remaining balances Scheduling periodic write-offs to occur in future periods.
Which two duties are included in the Accounts Receivables Specialist associated role? (Choose two) Import Payables Invoices Duty Receipt Creation Duty Trading Community Hierarchy Management Duty Payment Settlement Management Duty.
Which statement is true when you create na Implementation Project for Oracle Financials Cloud? The Implementation Project is preconfigured and cannot be deleted or changed You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud When you select the offering "Financials", its automatically allow you to perfomr the setup for all Oracle Financials Cloud products You need to make only the project name unique, and them can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management You must plan you Implementation Project carefully because you cannot delete it or make changes later.
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debit before the bill maturity date plus the risk elimination days. Which actions are true? (Choose two) If the bills receivable is recalled before the maturity date, the status of the bills receivables is updated to Protested If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to hold If the bills receivables is recalled after the maturity date, the status of the bills receivable is updated to Recall If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance If the bills receivable is recalled after the maturity date, the status od the bills receivables is updated to Unpaid.
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program? Transactions that have the Print Option set Do Not Print Transactions that have the selected payment terms Transactions have a Bill Type of Imported Transactions that where included in a previous Balance Forward Bill.
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three) Lockbox Transmission History Create Automatic Receipts Correct Funds Transfer Errors Create Receipt Remittance Batch Manage Receipt Remittance Batches.
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items? By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute By defining a grouping rule on the customer class By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute By defining an item group and assigning that to the rule By defining an exclusion rule to exclude customer classes that are "Retail".
Your customer Upload Batch with an error and you identify the error as being due to an incorrect payment Method. How will you correct the error? By using the Customer Import Interface work area By using the correct Customer Payment Method spreadsheet By using the Correct Customer Data spreadsheet By importing the correct data by using a new spreadsheet upload.
Which statement is true about Balance Forward Billing? Balance Forward Bills must be enabled at each bill-to-site level Balance Forward Bills can be created for a future date Transactions included on a Balance Forward Bill can be updated The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
To determine the best approach to converting a client's data, you must know winch setup is set-enabled and can be shared. Identify three set-enabled setups in Receivables. (Choose three) Collectors Standard Memo Lines Revenue Types Receivables Specialists Revenue Contingencies.
Your customer wants to override the calculated tax line amount for their receivable transaction. What steps should the customer perform to ensure that only one of their employees has this privilege? Enable "Allow override of calculated tax line" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax manager <Business Unit>" data role Enable the "Allow tax rate override" and "allow manual tax lines" profiles at the user level set, the value to Yes for the selected employee, and grant the "Tax manager <Business Unit>" data role the employee. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager < Business unit>" data role Enable "Allow override of calculate tax lines" whitin the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.
Which three receipts can be automatically applied by a system? (Choose three) Receipts that are unapplied Receipts created in a spreadsheet and uploaded Miscellaneous receipts Receipts that are manually created Receipts created in a lockbox and uploaded.
Identify three activities that you can perform from the Collections Dashboard (Choose three) Verify Customer Payments Assign a Collector to a delinquent customer View the Total Amount Due for delinquent customers Record an activity to create a task or tasks to follow up a delinquent customer Update the work status of a work item for a delinquent customer.
Identify the receivables system option that related to customers. (choose two) Reciprocal customer Receipt Method Default Country Automatic Site Numbering.
Which statement is true about Autoaccounting? Autoaccounting is setup at the Legal Entity level If Auto Accounting cannot determine all the accounting flexfield segments, it derives what it can and displays an Incomplete accounting flexfield AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import using AutoInvoice You cannot override the default General Ledger account that AutoAccounting creates.
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ___________________ or ____________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition. Identify the two values. (Choose two) A standard memo line A purchasing item A credit memo line An inventory item A debit memo line.
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) ______________ Miscellaneous receipt Quick cash receipt Manual receipt Automatic receipt AutoLockbox receipt.
The process of remitting receipts to a bank result in fund transfer errors. Identify three corrections actions to resolve this. (Choose three). Receipt reversal Clearing payment information Credit reversal Debit memo reversal Change of instrument.
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? Pending My Research Pending Approval From Managers Pending Approval Pending My approval Approved.
An Invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profiles is set to Yes. A credit memo of $50 USD has been issued against this invoice. Explain how revenue accounting will occur. Earned revenue will be debited for $50 USD Unearned revenue will be credited for $100 USD Earned revenue will be debited for $50 USD Unearned revenue will be debited for $50 USD.
Identify two credit memo options (Choose two) Tax only Advance Paid freight Invoice lines Paid amount only.
You have created two transactions with a 30 day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice data is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivables rule set to one per customer, and the bills receivables maturity date rule set to latest. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015 A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015 A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015 Two Bills Receivables transactions are created with maturity dates as March 30, 2015 and April 1, 2015 Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area? Revenue Manager Accounts Receivable Manager Accounts Receivables Specialist Billing Specialist.
What are three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three By Quote Number and time frame By source Document and time frame By Item and time frame By Customer and time frame By Source Document Line and time frame.
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two) By setting SM to "requires Complete" and SMM to "Period" By setting SM to "Allow partial" and SMM to "Percent" By setting SM to "Allow Partial" and SMM to "Period" By setting SM to "Requires Complete" and SMM To "quantity" By setting SM to "Requires Complete" and SMM to "Percent".
The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later data is called ________________ Automatic receipts creation Receipts creation in a spreadsheet Manual receipt entry Lockbox receipts creation.
The Billing Manager has navigated to the Billing Work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction. Identify the column. Transaction Class Transaction Number Transaction Source Transaction Date.
Which two setups are required to ensure that the same tax is applied on both intercompany payables and intercompany receivable invoices? (Choose Two) Intercompany system option enable use of the same tax rate code for the payables and receivables invoices The payable options and the receivable system options should have the same tax application options Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet First enter a payable transaction to calculate tax and then enter the receivable transaction Ensure if any tax specific rules that are defined should cover both the sale_transaction and purchase_transaction business category Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report. Which statement is true? You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts You cannot exclude on-account activities, unapplied receipts, and unidentified receipts You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only You can select only a Closed accounting period.
A Billing Specialist has created and complete an Invoice for $100 USD for Customer A. The Specialist prints the invoice and realizes that the invoice should have been created for Customer B. The accounting for the transaction for Customer A is posted to General Ledger. How can this be corrected? Create an adjustment for the entire amount and create a negative adjustment for customer B. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for customer B Change the status of the invoice to Incomplete and enter a new invoice for Customer B Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
What are the three steps required to implement the Lockbox feature? (Choose three) Receipt Classes and Receipt Methods Late charges Lockbox and Lockbox Transmission Formats Receipts Sources Credit card refunds.
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit. What is the status of the adjustment? Pending approval Forwarded for Approval Pending Research Approval Required.
Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two) Debit Memo Deposit Charge Back Credit Memo Guarantee.
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created? Manually, but without using the Adjustment Reversal and Chargeback Reversal activities Automatically, but without using the Adjustment Reversal and Chargeback Reversal activities Automatically by using the Adjustment Reversal and Chargeback Reversal activities Manually by using Chargeback Reversal activities Manually by using Adjustment Reversal activities.
Which two statements are true when you are using the Intercompany Reconciliation Process? (choose two) The transaction Summary Report shows only transactions with a status of received The clearing Company balancing lines appear in the Intercompany Reconciliation Summary Report The Reconciliation Period Summary Report show the intercompany receivable and the intercompany payable lines generated by the Intercompany balancing feature 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. You need to submit the Extract Intercompany Reconciliation Data job.
Which two items are required for customer invoicing? (Choose two) Lockbox Customers Remit-to-Address Customer Profile Class.
In the customer hierarchy of Customer Corporation, Customer Wordwide 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 Bellow Paying relationship? (Choose three) Customer USA can pay for Customer Worldwide, Customer West, and its own transactions. Customer Japan can pay its own transactions Customer USA can pay for Customer West and its own transactions Customer Japan can pay for Customer West, Customer USA, and its own transactions Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
What is the order used to group transaction lines during the Autoinvoice Import process? Transaction Source, Customer Site Profile, Customer Account Profile, system options System options, Customer Site Profile, Transaction Source, Customer Account Profile Transaction Source, Customer Account Profile, customer Site profile, system options Transaction Source Account profile, System options, Customer Site Profile.
Your client performs many customer refunds and would like to search for real-time Receivables Refunds easily. What should you do to meet this requirement? Create a Business Intelligence Application (OBIA) Report Create an Oracle Business Intelligence Applications (OBIA) report Query each customer refund and verify the Refund Status Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits. What would be the result? The program creates the adjustment with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits The program can be run only if the amount is whiting the Billing Specialist's approval limits The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
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? Set the credit classification revenue recognition policy to look for Line First and Tax Later Create a Memo Line or receivable activity to have the check-box selected for Apply Item Line First Set Application Rule Set to Line First-Tax After at the Transaction type level and /or a default value at system options Set Application Rule Set to Line First-Tax After at the Transaction source level and/or a default value at the receipt method Set the payment terms revenue recognition policy to look for Line First and Tax Later.
How can a Collector Assigned to a Customer modify a strategy that is assigned from the collections Dashboard? A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector Only a Collections Administrator can modify the strategy The collector can modify the strategy from the Manage Customer page The strategy can be modified from the Manage Customer page.
Advanced Collections allows you to assign one or more collectors C along with the primary collector C to create a Collector Group. All collectors who belong to a group can then perform the same collections activities. Which statement listed below is NOT accurate in relation to the Collector Group feature? Collectors who belong to the same Collector Group can reassign strategy tasks to themselves or to other collectors in the group. Collection Groups are defined in the “Manage Resources” page. The Collections Work Area has been enhanced to support Collector Group usage. Collectors can always be assigned to more than one active Collector Group.
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time? by setting SM to “Allow Partial” and SMM to “Period” by setting SM to “Requires Complete” and SMM to “Period” by setting SM to “Requires Complete” and SMM to “Percent” by setting SM to “Requires Complete” and SMM to “Quantity” by setting SM to “Allow Partial” and SMM to “Quantity”.
Which is NOT a valid Infotile in the Accounts Receivables Work Area? Unidentified Receipts  Lockbox Exceptions Receipt Batches Unapplied Receipts Unapplied Credits.
A few transactions have resulted in an error during the AutoInvoice import process. Where should you navigate to correct these transactions? Import Exceptions Infotile Manage Transactions Page Create Transactions Page Incomplete Infotile.
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure Revenue management to ensure that these items are grouped into one performance obligation? By defining a Revenue Item Group By defining a Contact Identification Rule. By defining a Standalone Selling Price Profile. By defining a Performance Obligation Template.
 What are the three types of pricing bands that can be used to determine pricing dimensions? Percentage band Range band Quantity band Amount band Set band.
After a customer bankruptcy is approved, what happens in the Collections application? Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt. Collection activities are suspended and delinquent transactions appear in the Collections Work Area. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
Late charges can be generated separately for legal entities with overdue transactions. Which “Late Charge Type” can be used in connection with this feature? Adjustment Invoice Penalty Charge Debit Memo Interest Charge.
Which statement is FALSE regarding the Tax Simulator? Simulated tax calculations do not impact active data. The Tax Simulator can be used to identify root cause when tax calculation does not meet expectations. To simulate the tax determination process, you need to use existing subledger transactions. The Tax Simulator is accessed from the Functional Setup Manager.
 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? Mapping Set  Transaction References Supporting References Description Rule.
Which statement is true about AutoAccounting? AutoAccounting is set up at the Legal Entity level. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice. If AutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield. You cannot override the default General Ledger account that AutoAccounting creates.
Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format? Select the Enable OAGIS 10.1 XML Format Check Box Set Preferred Delivery Methods to Email Set Preferred Contact Method to XML Select the Enable XML Invoicing Check Box for Relevant Transaction Classe Set Preferred Delivery Method to XML.
Which configuration step is required for processing Collections disputes? Define Aging Method to be used with disputed transactions. Define Dispute Thresholds in Collections Preferences. Set “Send Dispute Notice” Option to “Yes” in Collections Preferences. Define a “Collections” Approval Group as well as a “Billing” Approval Group in the BMP Worklist.
You are setting up accounting rules to recognize revenue and accrue for performance obligation liabilities and contract assets. Which three accounting events are needed for Revenue Management? Satisfaction Events Entity Deferred Revenue Entity Accounting Events Entity Unbilled Receivable Entity Distribution Entity.
Which is NOT a predefined Accounting Class for Revenue Management? Contract Asset Contract Discount Contract Unearned Revenue Contract Liability.
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement? Use Web services to integrate with na external system that can handle this requirement Modify the Invoice Layout Bill Presentment Template Enable the setting "Allow Change to Printed Transactions" in Receivables System Options Extend the "Print Receivables Transactions" program.
You are a functional user who has been tasked with creating an Oracle Transnational Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex. Which tool should you use to create this analysis? BI Answers BI Composer BI Publisher Dashboard Builder.
One your customers pays its bills electronically from their bank account (direct debit). Which process do you need to run in Receivables to initiate the transfer from their bank account to your organization's bank account? Remittance Process Lockbox Process Clear receipt Automatically Process Automatic Receipt Process.
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "approve Adjustments" page? Approve Request information Reassign Reject Edit.
Which four output file types are available when you run the "Print Receivables Transactions" program? JPG PDF Excel HTML Word Zipped PDFs.
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions. Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions? 10+ Days Link 20+ Days Link 0-5 Days Link 0-10 Days Link.
Revenue contingencies allow you to temporarily defer revenue to an unearned revenue account. Oracle predefined multiple revenue contingencies that you can assign to you customer transactions. Which are the predefined contingencies? (Choose three) Extend Payment Terms Bad Debt Forecast Delivery Customer Creditworthiness Revenue Scheduling.
The Autoinvoice process imports and validates large volumes of transactional data into Receivables. Which statements are true about Autoinvoice process? (Choose two) Transactions are stamped with legal entity information Lines that fail validation are deleted automatically General Ledger accounts are assigned using the AutoAccounting setup Transactions are transferred to General Ledger.
Transaction Types provide a number of default settings that help categorize transactions. Which statements are true about Transaction Types? (Choose two) Transaction Types determine whether Receivables post transactions to General Ledger Transaction Types default salesperson information Transaction Types can be used to assign a legal entity to a transaction Transaction Types determine transaction numbering.
AutoMatch Rule Sets provide information that is used by the AutoApply process to apply receipts to transactions. The setting in the AutoMatch Rule Set provide which of the following recommendations? (Choose two) Write-off recommendations Transaction recommendations Refund recommendations Customer recommendations.
The System Options page contains multiple options that fall into two main categories: Billing and Revenue, and Cash Processing. Which is Not a system option? Allow Change to Printed Transactions Require Salesperson Minimum Refund Amount Discount Basis Application Exception Rule Set Receipt Handling for Credits.
In Receivables, Receipt Classes determine the processing steps that are required for receipts. Which step is NOT relevant to the Receipt Class setup? Clearance Method Remittance Method Require Confirmation Creation Method Settlement Method.
One of your customers pays its bills electronically from their bank account (direct debit). Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account? Lockbox Process Remittance Process Clear Receipts Automatically Process Automatic Receipt Process.
Which two are Late Charge Calculation Methods? Credit Items and Disputed Transactions Late Payments Only Adjustment Overdue Invoices Only.
What is the order used to group transaction lines during the AutoInvoice Import process? Transaction Source, Customer Site Profile, Customer Account Profile, system options Transaction Source, Customer Account Profile, Customer Site Profile, system options Transaction Source, Customer Account Profile, system options, Customer Site Profile System options, Customer Site Profile, Transaction Source, Customer Account Profile.
Which predefined dunning letter template is available in the Collections application? Regular, Medium, Hard, Easy Regular, Medium, Hard, Difficult Soft, Medium, Hard, Final Soft, Regular, Medium, Hard.
Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes. What should you do to meet this requirement in an efficient manner? Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel. Run the predefined Transaction Details Report. Search in the Payables "Manage Payments" page, then export results to Excel. Create an Oracle Transactional Business Intelligence (OTBI) analysis.
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record? Customer Number, Customer Billing Address, Customer Bank Account Customer Number, Customer Account Number, Customer Site Number Customer Name, Customer Account Number, Customer Site Number Customer Name, Customer Billing Address, Customer Bank Account.
A business entity (your client) provides free five-day training services as the entity's customary business practice when providing three months of consulting services for implementation projects. The free training services are implied, and are not billed. Which two configuration options scan you implement to ensure that the "Consulting" contract in Revenue management includes the free training services? Import two source lines as revenue basis data into Revenue Management: one source line for the consulting services and one source line for the training services with zero selling amount. In addition, create rules to group the two lines into one contract and two separate performance obligations. Define an implied performance obligation template to create an implied performance obligation for the training services in the "Consulting" contract in Revenue Management. Define a Performance Obligation Identification Rule to automatically create a free training performance obligation when creating a performance obligation for the consulting services. Define an implied performance obligation template to create a performance obligation for the consulting and training services in the "Consulting" contract in Revenue Management. Define a Performance Obligation Identification Rule by customer name and free services.
You have been asked to assign a Reference Data set to a specific Business Unit for several Receivables setups. What are the navigational steps needed to accomplish this task? Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment" Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment" Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment" Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/ Task: "Manage Business Unit Set Assignment".
Which two statements are true about processing Receivables adjustments that impact tax amounts? Receivables can look at the adjustment activity and retrieve the tax rate code. Receivables can look at System Options and retrieve the tax rate code. There is no need to retrieve the tax rate code. Receivables can look at invoice and retrieve the tax rate code.
Once the Create Balance Forward Billing program determines the customer or customers, which transactions does it select for inclusion in the bill? Transactions that were included in a previous balance Forward Bill Transactions that have the Print Option set to Do Not Print Transactions that have a transaction source of type imported. Transactions that have the selected payment terms.
Which is NOT a Bill Management feature? Import Customer Data Make online Payments Print Individual Transactions Review Receivables Transactions Export Outstanding Transactions.
Which defaults can a Profile Class apply to a customer account or site? (choose four) Remit to Address Payment terms Preferred Contact Method Credit Classification Collector Minimum refund amount.
Which OTBI subject area should you use to create a real time report for customer refunds? Receivables - Standard Receipt Application Details Real Time Subject Area Receivables - Adjustments Real Time Receivables - Receipts Details Real Time Receivables - Miscellaneous Receipt Real Time.
The default customer invoice template can be found in: The Business Unit Options The BI Catalog The Receivables System options The transaction type definition.
Which three components of a Business Intelligence Publisher report? Output Data Model Subject Area Translation Layout.
When setting up transaction types, which statement is true? If you set Open Receivables option to No and Post to GL option to Yes, Receivables updates accounting, which has an impact on customer balances. If only the Open Receivables option is enabled, receivables updates your customer balances, but has no effect of the standard aging. If you set the Open Receivables options to Yes and Post to GL option to No, receivables updates customer accounts with the transaction activity of transaction that are assigned this transaction. If you set Open Receivables option to Yes and Over Application flag to Yes, you cannot reverse the sign on the transaction when applying credit memos.
Which two Clearance Method are required in the Receipt Class setup if your customer intends to use Cash Management to reconcile receipts against bank statement lines? direcly automatic clearing manual matching factoring.
You receive an accounting distribution requirement from your customer to derive Department Segment value based on the type of invoices being created. What is the required Auto-Accounting configuration to fulfill this requirement? Select the Value Source "Transaction Type" for the Department Segments Select the Value Source "Site" for the Department Segments Select the Value Source "Transaction Source" for the Department Segments Select the Value Source "Standard Lines" for the Department Segments Select the Value Source "Transaction Class" for the Department Segments.
Which two types of strategy tasks are available in Advanced Collections? Global Business Unit Specific Manual Case Folder Automatic.
Which three infotiles are displayed in the Billing Management's Accounts Overview Work Area? Total Debit Memos In Dispute Invoices Adjustments.
To determine the best approach to converting a client's data, you must know which setup is reference set-enabled and can be shared. Identify three set-enabled objects in Receivables. Auto-Cash Rules Transaction Sources Receipt Methods Statement Addresses Transaction Types.
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