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NEW QUESTION # 84
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 ______________.
- A. manual receipt entry
- B. automatic receipts creation
- C. Lockbox receipts creation
- D. receipts creation in a spreadsheet
Answer: D
NEW QUESTION # 85
Which configuration step is required for processing Collections disputes?
- A. Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
- B. Define Aging Method to be used with disputed transactions.
- C. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
- D. Define Dispute Thresholds in Collections Preferences.
Answer: D
NEW QUESTION # 86
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. Update the work status of a work item for a delinquent customer.
- B. Assign a Collector to a delinquent customer.
- C. Record an activity to create a task or tasks to follow up on a delinquent customer.
- D. View the Total Amount Due for delinquent customers.
- E. Verify Customer Payments.
Answer: A,B,C
NEW QUESTION # 87
Which two items are required for customer invoicing? (Choose two.)
- A. Customers
- B. Customer Profile Class
- C. Remit-to-address
- D. Lockbox
Answer: B,D
NEW QUESTION # 88
After creating Receivable Activities using the General Ledger Rapid Implementation workbook upload process, a Receivable Manager wants to review and make changes if required, to the account assignments created for these Receivable Activities.
Which two Receivable Activities do not have account assignments to review and change? (Choose two.)
- A. Debit Memo Reversal
- B. Unearned Discounts
- C. Earned Discounts
- D. Adjustment Activities
- E. Miscellaneous Receipt
Answer: D,E
NEW QUESTION # 89
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
- A. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
- B. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
- C. First enter a payable transaction to calculate tax and then enter the receivable transaction.
- D. The payable options and the receivable system options should have the same tax application options.
- E. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
- F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
Answer: D,F
NEW QUESTION # 90
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
- A. Receipt Batches
- B. Unapplied Receipts
- C. Unapplied Credits
- D. Lockbox Exceptions
- E. Unidentified Receipts
Answer: E
NEW QUESTION # 91
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?
- A. Intercompany invoicing must be enabled in Receivables System Options.
- B. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
- C. Intercompany invoicing must be enabled in Payables Invoice Options.
- D. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
Answer: B
NEW QUESTION # 92
You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type.
From which three tables can the segment value be defaulted? (Choose three.)
- A. Taxes
- B. Standard Lines
- C. Transaction Types
- D. Ship to site
- E. Salesperson
Answer: A,B,E
NEW QUESTION # 93
If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choose two.)
- A. Unapplied, if the Customer Account Number or MICR number is provided
- B. Unidentified, if the Customer Account Number or MICR is not provided and there are no successful matching recommendations
- C. Applied, if the Customer Account Number or MICR number is provided
- D. On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations
Answer: A,B
NEW QUESTION # 94
In what three ways will changing customer information impact the collection process? (Choose three.)
- A. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
- B. Changing the Collector impacts the individual working with the delinquent customer.
- C. Making changes on the Profile tab impacts the collection process.
- D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
- E. Changing information on the Profile tab does not have an impact on the level at which collections are done.
Answer: A,B,C
NEW QUESTION # 95
Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?
- A. 40: 50: 5: 5
- B. 38.34 : 48.34 : 8.32 : 5
- C. 38: 47.5: 9.5: 5
- D. 35: 45 : 5: 5
Answer: A
NEW QUESTION # 96
Which two statements are true about configuring Collection Strategies?
- A. You need to create Strategy Tasks of the type "Automatic" only.
- B. You need to define an Aging Method that meets the requirements of your organization.
- C. You need to SGI the (Collections Method to Strategies for the relevant business unit.
- D. You need to create Scoring Formulae (or use predefined Scoring Formulas).
Answer: A,D
NEW QUESTION # 97
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?
- A. 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
- B. 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
- C. by defining an item group and assigning that to the rule
- D. by defining a grouping rule on the customer class
- E. by defining an exclusion rule to exclude customer classes that are "Retail"
Answer: B
NEW QUESTION # 98
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?
- A. The Implementation Project is preconfigured and cannot be deleted or changed.
- B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.
- C. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
- D. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
- E. 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.
Answer: E
NEW QUESTION # 99
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