|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 Lockbox receipts creation.
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.
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 Settings button to apply appropriate settings so that the business unit appears in the
drop- down menu.
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?
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 the source data that was imported into Revenue Management and import new source
data Delete the performance obligations from the relevant contracts through the Manage Customer
Contracts UI. Delete Contracts from the Manage Customer Contracts UI.
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.) 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
You schedule print runs of transactions and balance forward bills according to the needs of
Which three statements are true? (Choose three.) It 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
Identify the dunning letter template set provided by an application Soft, Regular, Hard Regular, Medium, Hard Final Demand, Soft, Medium Regular, Final Demand, Medium.
Which statement is true about AutoAccounting?
AutoAccounting is set up at the Legal Entity level. IfAutoAccounting 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 by using AutoInvoice You cannot override the default General Ledger accounts thatAutoAccounting creates.
The Billing Manager has navigated to the Billing Work Area to review incomplete
Which link on the Incomplete Infotile will provide detailed information on the most recent
incomplete transactions? 20+ Days Link 0-10 Days Link 0-5 Days Link 10+Days Link
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 date 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 receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015? 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 Receivable 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.
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 B.
The accounting for the transaction for Customer A is posted to the 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 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.
Identify two values that default from Customer Profile Classes. Business Purpose Statement Cycle Legal Entity Tax Payment Terms.
Which two items are required for customer invoicing? (Choose two.) Lockbox Customers Remit-to-address Customer Profile Class.
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 falls in a closed period The transaction is an invoice.
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.
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 adjustments 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 within 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
Which statement is true when you create an Implementation Project for Oracle Financials
The Implementation Project is preconfigured and cannot be deleted or changed. You must plan your Implementation Project carefully because you cannot delete it or make
changes later. 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," it automatically allows you to perform the setup for all
Oracle Financials Cloud products You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.
Which three receipts can be automatically applied by the " Apply Receipts Using AutoMatch"
process? Receipts that are manually created. Miscellaneous receipts. Receipts created from a lockbox and uploaded. Receipts created in a spreadsheet and uploaded.
Receipts with unapplied amounts.
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.
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.
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.
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 on a delinquent customer. Update the work status of a work item for a delinquent customer.
Identify two credit memo options. (Choose two.) Tax only Advance Paid freight Invoice lines Paid amount only.
Your company wants to generate Intercompany transactions only if the amount Involved is
equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement? Set " Minimum Transaction Amount" to 3,000 and " Minimum entered Currency" to USD. Set " Minimum Transaction Amount" to 2,999.99 and " Minimum Entered Currency" to ALL Define intercompany approval rule, to automatically reject intercompany transactions that do not
meet the minimum amount requirement Set " Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice
Options and Receivables System Options.
Which three actions are facilitated 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 the summarized Receivables and Accounting amounts to see detailed
activity drilldown to see details of 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.
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.
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".
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.
Which three transaction types are used to generate late charges? (Choose three.)
Cash Receipts Adjustments against the original transaction Credit Memo Debit Memo Interest Invoice.
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 of the invoice type.
One of the 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?
Clear Receipts Automatically Process Remittance Process Automatic Receipt Process Lockbox Process.
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 transactions with no activity retain the old billing cycle. Existing transactions with activity adapt to the new billing cycle New transactions after this change inherit the new billing cycle.
Identify two late charge interest calculation methods. (Choose two.) Previous Balance Adjusted Balance Overdue Transactions only Average Daily Balance.
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.) Collectors Standard Memo Lines Revenue Types Receivable Specialists Revenue Contingencies.
Which three actions can be performed in the Collections Work Area, which will have an
impact on the collection process?
Processing a payment promise in the Transactions Tab Creating a credit memo in the Transactions Tab. Changing the collector in the Profile Tab Applying a customer payment in the Aging Tab Adding new customer contacts in the Contacts tab.
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the
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 be 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.
Your customer wants to override the calculated tax line amount for their receivable
What steps should the customer perform to ensure that only one of their employees has this
Enable " Allow override of calculated tax lines" 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 to 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 calculated tax lines" within the tax configuration owner options for the
receivable application and create a tax rule to grant this privilege only to the selected employee.
What are three functions of the Create Automatic Receipt Write-offs program? (Choose
creating write-offs for specific currencies and customers limiting write-offs by a percentage of the original receipt amount scheduling periodic write-offs as receipt adjustments for small remaining balances scheduling periodic write-offs as receipt adjustments for old remaining balances scheduling periodic write-offs to occur in future periods.
Which two setups are required to ensure the same tax is applied on both intercompany payable and receivable invoice? Payable options or receivable system options should have the same tax application options Tax for inter-company is to be loaded using Create Taxable Transactions in Spreadsheet First enter Payable transaction to calculate tax and then for Receivable Transaction. You should check if any specific rules defined should cover both Sales_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.
Which setup is required to ensure that the same tax is applied on both intercompany payable
and intercompany receivable invoices?
Intercompany invoicing must be enabled in Payables Invoice Options Same tax rate code must be populated in Intercompany System Options for both Payables and
Receivables invoices Intercompany invoicing must be enabled in Receivables System Options. Receiver and provider business units and legal entities must be subscribed to the applicable tax
regime on the transaction date.
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid? Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider Set the intercompany system option minimum transaction amount of $3,000 USD Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options You cannot update the minimum transaction currency when intercompany currency is entered. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
Which three benefits do intercompany reconciliation reports provide to an accountant? Comparing receivables and payables account balances and identifying discrepancies. Displaying clearing company balancing lines. Identifying transaction portions (either receiver or provider side) that have not posted to General
Ledger Displaying intercompany receivables and payables balancing lines.
You created a bills receivable that is factored with recourse and applied a wrong receipt to
the short- term debt 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 receivable 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 receivable 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 of the bills receivable is updated
Which four output file types are available when you run the "Print Receivables Transactions"
JPG PDF Excel HTML Word Zipped PDFs.
You have been asked to assign a reference data set to a specific Business Unit for several
What are the navigational steps needed to accomplish this task? Setup and Maintenance/Setup Dropdown: " Financials" /Functional Area: "Receivables" /Task:
"Manage Business Unit Set Assignment" Setup and Maintenance/Setup Dropdown: " Financials" /Functional Area: "Legal Structures" /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".
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all
set-enabled objects with the exception of __________.
AutoMatch Rule Sets AutoCash Rules Revenue Scheduling Rules Customer Site Aging Methods.
Which two statements are true regarding the Promise to Pay feature in the Collections
Mass promise to pay amounts automatically become partial payments. You cannot cancel a promise made in error if it is before the promise due date. Promise information is updated by scheduling the Promise Reconciliation process You can cancel a promise made in error if it is before the promise due date.
Where is the summary delinquency data displayed on the Collections Dashboard?
Activity tab Correspondence tab Profile tab Aging tab.
You are the Billing Manager and you are responsible for reviewing adjustments and approving
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page?
(Choose two.) Pending My Research Pending Approval From Managers Pending Approval Pending My Approval Approved.
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 Profile > Strategies tab. The strategy can be modified from the Manage Customers page.
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
How will bills be generated? Sites 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 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, Customer Account Profile, system options, Customer Site Profile.
Which two are Late Charge Calculation Methods? Credit Items and Disputed Transactions Late Payments Only Adjustment Overdue Invoices Only.
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.
Earned revenue will be debited for $50 USD Unearned revenue will be credited for $100 USD Earned revenue will be credited for $50 USD Unearned revenue will be debited for $50 USD.
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?
Create an Oracle Transactional Business Intelligence (OTBI) analysis. 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.
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
Unidentified Receipts Lockbox Exceptions Receipt Batches Unapplied Receipts Unapplied Credits.
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.
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.
What are the 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 andtime frame.
You are not able to initiate a bankruptcy request at the customer site level on behalf of a
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.
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
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are
applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400
What will be the resulting tax and invoice amounts for your tax invoice? state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34
USD state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78
USD state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000
USD state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
Which three interest rate calculation formula methods are supported in Receivables?
Average Flat Rate Declining Balance Simple Compound.
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 Relative 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
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).
Which two statements are true about configuring Collection Strategies?
You need to create Scoring Formulae (or use predefined Scoring Formulas). You need to define an Aging Method that meets the requirements of your organization You need to SGI the (Collections Method) to Strategies for the relevant business unit You need to create Strategy Tasks of the type "Automatic" only.
Which two setups are required to ensure that the same tax is applied on both intercompany
payable and intercompany receivable invoices? (Choose two.) Intercompany system options enable use of the same tax rate code for the payable and receivable
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 sales_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.
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 shows 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 three benefits do intercompany reconciliation reports provide to an accountant? Comparing receivables and payables account balances and identifying discrepancies. Displaying intercompany receivables and payables balancing lines. Identifying transaction portions (either receiver or provider side) that have not posted to General
Ledger Displaying clearing company balancing lines.
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.
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. Auto-Cash Rules Transaction Sources Receipt Methods Receipt Types Transaction Types.
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? 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 program allows table hierarchies for customer bank accounts, but not for other customer
information The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not
Accounts Receivable. 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.
Which three are 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 the 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 balance, but has no effect on standard aging if you set the open receivables option to yes and post to GL option to no, receivables updates customer accounts with the transaction activity of the transactions that are assigned this transaction type If you set the open receivables option to yes, and the Over Application flag to yes, you cannot reverse the sign on the transaction when applying credit memos.
which OTBI subject area should you use to create a real time report for customer refunds AR - standard receipts application details real time subject area AR - adjustments real time AR - receipts details real time AR - Misc receipts real time.
the default customer invoice template can be found in the business unit options. the BI catalog the receivable system options the transaction type definition.
which two clearance methods are required in a receipt class setup if your customer intends to use Cash Management to reconcile receipts against bank statement lines? directly automatic clearing manual matching factoring.
you receive an accounting distribution requirement from your customer to derive department segment value based on the type of invoice being created. What is they required Auto- Accounting configuration to fulfill this requirement? Select the value source "transaction type" for the department segment. Select the value source "site" for the department segment Select the value source "transaction source" for the department segment. Select the value source "standard lines" for the department segment. Select the value source "transaction class" for the department segment.
which two types of strategic tasks are available in Advanced Collections? Global Business Unit Specific Manual Case Folder Automatic.
which three infotiles are displayed in the Bill Management Accounts Overview Work Area? Total Debit Memos In Dispute Invoices Adjustments.
which three functionalities are provided by the Receivables to Ledger Reconciliation Report? Limiting the display using the adhoc parameter Graphical or visualization components for viewing the reconciliation report Drill down to see reconciling items The reasons for the reconciling differences Enabling multi ledger reconciliation.
Receivables activity types provide default accounting for which activities in Receivables Transaction and receipt activities only All activities in Receivables All activities except for transactions and receipts All activities in Receivables except for receipts and miscellaneous cash.
At which level can you assign AutoCash rule sets Individual invoice level Customer Profile at the customer site or customer level Business Unit level Entity level.
If an invoice uses an automatic receipt method, what must be entered? Lockbox account number Bank, branch and account information of customer Bank, branch and account information of business unit Remit-to address for customer to send payment.
If Allow change to printed transactions is enabled, when can you not update a transaction? You can make changes at any time after the transaction has been printed When the printed transaction has been sent to the customer There is no such option available in Receivables When there are activities (i.e. payments, credit memos, adjustments, etc.) made against the transaction.
Which THREE components does a customer have? Qualifications Information Cash Forecasting Details Customer Account Site Customer Account Party Information.
Which TWO fields are required when reversing a customer receipt?
Category Comments Reason Customer Account Number.
Which THREE key business processes are supported by the Receivables application? Sales Order Creation Customer Billing Customer Payment Processing Receivables Balance Analysis.
Which is not a Collections Feature Process Payments Manage Delinquencies Resolve Disputes Create Customer Bills.
Which report allows you to review outstanding customer balances Customer Listing Report Transaction Register Report Transaction Details Report Customer Account Status Report.
select components of a COA value sets account combos segment labels calendar currency.
the settings in the AutoMatch rule set provide which of the following recommendations customer transaction refund write off.
what is true about transaction types 2 determine transaction numbering can be used to assign a legal entity to a transaction define salesperson information determine whether AR posts transaction to GL.
which of the following is not a AR system option discount basis receipt handling for credits application exception rule set require salesperson minimum refund amount allow change to printed transactions.
what statements are true about the autoinvoice process? transactions are stamped with LE info lines that fail validation are deleted auto GL accounts are assigned using the autoaccounting setup transaction are transferred to GL.
which step is not relevant to receipt class setup clearance method settlement method remittance method require confirmation creation method.
what are the predefined revenue contingencies? (3) customer creditworthiness doubtful collectability extended payment terms revenue scheduling bad debt forecast.
which statements are true about tax simulator?2 the simulated tax calculations affect active data you can create a sample transaction or copy existing transaction test new tax config in conjunction with the existing config and preview the result simulator is not helpful identifying the root cause when calculations do not meet requirements.
what manual options would you use to correct an incorrect JE what was posted to the GL? 2 subledger accounting profile options account override accrual reversals subledger JE.
you can define a tax regime based on part of a country or more than one country, - what do you use to achieve this? tax zone compound tax setup tax consolidation setup tax group.
CM allows you to define bank statement recon tolerance rules base on what criteria? date and amount date, amount, percentage amount only date only.
what would you do if there are always lines on the bank statements that are not reconciled (e.g., bank charges, interest) these types of lines can be reconciled only manually enter the transaction on the system and then run the auto re con process to reconcile create Bank statement transaction creation rules and then run the bank statement transaction creation program to create, reconcile and account for these lines.
which bank statement CM formats does oracle support? BAI2 EDIFACT ISO SWIFT.
what billing setup is responsible for assigning numbers to transaction? transaction type Auto Accounting transaction source payment terms.
which is not a bill management feature import customer data review AR transaction export outstanding transaction make online payments print individual transactions.
which is not valid when processing receipts manually in AR? enter chargeback / adjustment apply receipt to transactions create receipt manually / batch enter credit memo post to GL.
what are the requirements for completing an invoice in AR? must have freight must have at least one line, or be freight invoice at the header level must have invoicing rule accounting date must be in an open or future period.
which defaults can a profile class apply to a customer account site (4) remit to address credit class minimum refund amount payment terms collector preferred contact method.
which documents can be printed using the layouts in BI publisher bill presentment templates? invoices, adjustment, debit memos, chargebacks, BFB invoices, credit memos, debit memos, receipts , BFB invoices,credit memos, debit memos, chargebacks, BFB.
which statements are true about the billing work areas infotiles? (2) research, used to review info about adjustments pending research approval, used to review approved adjustments incomplete, detailed info about incomplete transactions import exception, review the count of AI exception rows.
which dunning delivery methods are available? 3 EDI XML Fax Email Regular mail.
in addition to assigning scoring formulas and strategy groups by business level, you have the flexibility to assign by ___ or ___ BU or profile class BU or collector profile class or customer class profile class or aging method.
identify the setup step that is NOT relevant to the strategies feature define tasks set collections method create strategy group manage collections lookups.
scoring formula data points are used in formulas to calculate a score given to customers. which logic do delivered data points follow average scores indicate better chance of collectability higher scores indicate better chance of collectability lower scores indicate better chance of collectability scores do not indicate chance of collectability.
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 implement 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.
Define a Performance Obligation Identification Rule to automatically create a free training performance obligation when creating a performance obligation for the consulting services. Import two source lines as revenue basis data into Revenue Management: one source line for the consulting 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 by customer name and free services. Define an implied performance obligation template to create a performance obligation for the consulting training services in the "Consulting" Contract in Revenue Management.
Advanced Collections allows you to assign one or more collectors 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 can always be assigned to more than one active Collector Group Collectors who belong to the same Collector Group can reassign strategy tasks to themselves or 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.
Late Charges can be generated separately for legal entities with overdue transactions. Which "Late Charge Type" can be used in connection with this feature. Invoice Adjustment Debit Memo Interest Charge Penalty Charge.
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 performace obligation. How would you configure Satisfaction Method (SM) and Satisfication Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a poing in time? by Setting SM to "Allow Partial" and SMM to "Period" by setting SM to "Requires Complete" and SMM to "Percent" by setting SM to "Requires Complete" and SMM to "Period" by setting SM to "Requires Complete" and SMM to "Quantity" by seeting SM to "Allow Partial" and SMM to "Quantity".
What are the three types of pricing bands that can be used to determine pricing dimensions? Set band Quantity band Range band Percentage band Amount band.
AutomMatch 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) Refund Recommendations Transaction recommendations customer recommendations write off recommendations.
How can a Collector Assigned to a Customer Modify a strategy that is assigned from the Collections Dashboard? Only a Collections Administrator can modify the stategy A Strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector The Strategy can be modified from the Manage Customer page The collector can modify the strategy from the Manage Customer Page.
A few transactions have resulted in an error during the Autoinvoice import process. Where should you navigate to correct these tranactions? Create Transactions page Manage Transactions Page Incomplete Infotile Import Exceptions Infotile.