|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.
Which predefined dunning letter template is available in the Collections application Regular, Medium, Hard, Difficult Soft, Medium, Hard, Final Regular, Medium, Hard, Easy Soft, Regular, Medium, Hard.
What are the three drilldown options available in the task pane for Receipt Remittance?
Lockbox Transmission History Create Automatic Receipts Correct Funds Transfer Errors Create Receipt Remittance Batch Manage Receipt Remittance Batches.
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose
Import Payables Invoices Duty Receipt Creation Duty Trading Community Hierarchy Management Duty Payment Settlement Management Duty.
There are a few customers that you do not want to send dunning letters to.
How would you exclude these 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.
Which two determinant types are used in reference data assignment? (Choose two.) Business Unit Account Segment Project Segment Project unit.
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 rate 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.
Which information does the collector see after clicking on the Activities Infotile in the
Collections Work Area? Tasks assigned to the collector such as follow-up calls Summary of aged transactions List of broken payment promises List of delinquent customers.
You need to make decisions about how an application should behave, such as date ranges and
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
The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
receipt reversal clearing payment information credit reversal debit memo reversal change of instrument.
You are explaining the benefits of using Bill Management as a self-service electronic bill
presentment solution to an existing customer.
Which feature is not supported in Bill Management? Making payments by using a credit card or the bank account Managing unapplied payments Managing credit memos Reviewing customer account balances Managing disputes.
What is required to register an external user to Bill Management? a customer account contact with the responsibility types bill to and ship-to a customer account contact with a valid mailing address a customer account contact with a valid mobile number a customer account contact with a valid email address.
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 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.
What information does the Collector see in the Activities List area of the Collections
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.
You are trying to migrate the Subledger Accounting setup by using the Export and Import
functionality in the Setup and Maintenance work are a. The import process, however, returns errors.
Identify two reasons for the import failure. an inactive Journal Line Type an inactive Accounting Method an inactive Mapping Set an inactive Journal Entry Rule Set.
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 customers on the dashboard Changing the Collector impacts the individual working with the delinquent customer.
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's
What is the status of the adjustment? Pending Approval Forwarded for Approval Pending Research Approval Required.
A customer calls the Accounts 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 specific invoice line.
As a Billing Specialist, which action would 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 do you need to total in order to find the total transaction price for a customer contract
that is calculated by Revenue Management?
the extended 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.
A client rents equipment for special events. They have the following invoicing requirements:
invoice must be entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement? Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event
as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date
being the Event Date Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event
as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event
Date Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal
Event as Payment Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event
as Milestone Billing, and Optional Removal Event as Fulfillment Date.
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.
Where is the summary delinquency data displayed In the Collections Work Area? Transactions Tab History Tab Profile Tab Aging Tab.
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.
The method that is used to capture receipts data in mass while you are offline and upload the
receipts at a later date is called ----------------------------- automatic receipts creation receipts creation in a spreadsheet manual receipt entry manual receipt entry.
Identify the receivables system option that relates to customers. Reciprocal Customer Receipt Method Default Country Automatic Site Numbering.
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 Method to XML Set Preferred Delivery Methods to Email Set Preferred Contact Method to XML Select the Enable XML Invoicing Check Box for Relevant Transaction Classes.
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? Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for
refunds 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).
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.
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.
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.
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.
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 to Do Not Print transactions that have the selected payment terms transactions have a Bill Type of Imported transactions that were included in a previous Balance Forward Bill.
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject
area? Revenue Manager Accounts Receivable Manager Accounts Receivable Specialist Billing Specialist.
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 Account Number, Customer Site Number Customer Name, Customer Billing Address, Customer Bank Account Customer Name, Customer Account Number, Customer Site Number Customer Number, Customer Billing Address, Customer Bank Account
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.
Your customer upload batch completes with an error and you identify the error as being due
to incorrect payment method.
Which action should you take the resolve the Issue? Use the Customer Data Exceptions spreadsheet. Use the Customer Payment Method Exceptions spreadsheet. Troubleshoot In the Manage Customers page Correct error and resubmit the batch.
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.
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".
Company ABC wants their logo displayed in all customer invoices. How do you meet this
business requirement? Use Web Services to integrate with an external system that can handle this requirement.
Modify the Invoice Print Layout Bill Presentment Template Enable the setting " Allow Change to Printed Transactions" in Receivables System Options Extend the "Print Receivables Transactions" program.
What are the three setup steps required to implement the Lockbox feature? (Choose three.) Receipt Classes and Receipt Methods late charges Lockbox and Lockbox Transmission Formats Receipt Sources credit card refunds.
You are a functional user who has been tasked with creating an Oracle Transactional 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
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 statements are true about processing Receivables adjustments that impact tax amounts?
Receivables can look at invoice and retrieve the tax rate code. There is no need to retrieve the tax rate code 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.
If the Contract Identification Rules that you defined for your customer did not group the
source data into customer contracts 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.
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 allows 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 Yes; the program specifically prohibits 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 Accounts Receivable.