WorksheetsAR
Total questions: 114
Worksheet time: 1hrs 25mins
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 should you take?
Navigate to the “Credit Reviews” Work Area and do research for the customer in question.
Search for open invoices and debit memos in the “Manage Customers” page.
Search for open invoices and debit memos in the “Manage Transactions” page.
Search for open invoices and debit memos in the “Manage Transactions” page.
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? Aparece en el examen version 2020
You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
You can select only a Closed accounting period.
. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
When running the Collections Delinquency Management process, the business unit for which you want to run process does not appear in the drop-down menu. What action do you need to take?
Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
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. Authorize data access to the user for the missing business unit.
Select the check box to enter the default business unit if it does not appear in the drop-down menu.
4. When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _____. Aparece en el examen version 2020
Miscellaneous receipt
. AutoLockbox receipt
Quick cash receipt
Automatic receipt
Manual receipt
5. 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. Aparece en el examen version 2020
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 (USA Set)
1%/10 Net 30 (USA Set), Net 45 (USA Set)
Net 30 (Enterprise Set), Net 45 (Enterprise Set)
6. Which three receipts can be automatically applied by the “Apply Receipts Using AutoMatch” process?Aparece en el examen version 2020
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.
7. Once the Create Balance Forward Billing program determines the customer or customers, which transactions does it select for inclusion in the bill? Aparece en el examen version 2020
Transactions that were included in a previous balance Forward Bill
Transactions that have the Print Option set to Do Not Print
Transactions that have the selected payment terms
Transactions that have a transaction source of type imported.
8. Which is NOT a valid Infotile in the Accounts Receivables Work Area? Aparece en el examen version 2020
Unidentified Receipts
Lockbox Exceptions
Receipt Batches
Unapplied Receipts
Unapplied Credits
9. A Billing Specialist creates an adjustment for an incorrect invoice that exceeds her/his approval limit.
What is the status of the adjustment?
More Research
Rejected
. Pending Approval
Approval Required
10. 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? Aparece en el examen version 2020
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.
11. 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
Create Transactions Page
12. To meet the business needs of most organizations, Oracle Cloud delivers several setups associated with the Reference Data Set “COMMON”. Which is NOT one of these delivered setups?
AutoCash Rules
Revenue Scheduling Rules
Customer Site
Aging Methods
AutoMatch Rule Sets
13. 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 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.
14. When you move revenue in an invoice line from an unlearned account to an earned revenue account, Receivables ____.
Leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
Removes the invoice line revenue contingencies
Removes the pending sales credits
Leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
15. There are a few customers that you do not want to send dunning letters to. How do you exclude these customers from dunning? Aparece en el examen version 2020
Disable “Send Dunning Letter” Option on Correspondence tab of the Collections Work Area.
Disable “Send Dunning Letter” Option in Collections Preferences.
. Disable “Send Dunning Letter” Option on Profile tab of the Collections Work Area.
. Disable “Send Dunning Letter” Option in Transaction Source.
16. Which three Interest Calculation Formulas are available to calculate late charges in Receivables? Aparece en el examen version 2020
Simple
Flat Rate
Compound
Declining Balance
Average
17. 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.
18. 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.
19. 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
20. 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 two actions are true?
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 to Pending Remittance.
If the bills receivable is recalled after 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 to Protested.
If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
21. 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
22. 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.
. 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 account that AutoAccounting creates
23. What are the three setup steps required to implement the Lockbox feature?
. Late charges
. Lockbox and Lockbox Transmission Formats
Credit card refunds
Receipt Classes and Receipt Methods
Receipt Sources
24. Which two items are required for customer invoicing?
Customer Profile Class
Lockbox
Remit-to-address
Customers
25. 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.
26. 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.
. Select the Enable OAGIS 10.1 XML Format Check Box.
Set Preferred Delivery Methods to Email.
Set Preferred Delivery Methods to Email.
Select the Enable XML Invoicing Check Box for Relevant Transaction Classes.
27. 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.
28. Which statement is true about Balance Forward Billing?
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
Balance Forward Bills must be enabled at both customer account and customer account site level.
Balance Forward Bills can be created for a future date.
29. 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
30. You need to make decision about how an application should behave, such as date ranges and defaults. What should you consider before defining collections preferences? Aparece en el examen version 2020
. Scheduled process
System privileges
User application privileges
The employees who are involved with the collections process and how the collectors will be assigned
Customer contract information
31. Identify the receivables system option that relates to customers
Reciprocal customer
Receipt method
. Default country
Automatic site numbering
32. One of the customers pays it 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. Aparece en el examen version 2020
Clear receipts automatically process
Remittance process
Automatic receipt process
Automatic receipt process
33. 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
34. Which two are Late Charge Calculation Methods? Aparece en el examen version 2020
Credit Items and Disputed Transactions
. Late Payments Only
Adjustment
. Overdue Invoices Only
35. Identify three activities that you can perform from the Collections Dashboards. (Chosse three)
Verify Customer Payments
Assing 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
36. Which four output file types are available when you run the “Print Receivables Transactions” program? Aparece en el examen version 2020
JPG
Excel
HTML
Zipped PDFs
37. 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 the new billing cycle
New transactions after this change inherit the new billing cycle
38. Which three actions can be performed in the Collections Work Area, which will have an impact on the collections process? Aparece en el examen version 2020
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
39. 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. no
For Adjustments, if the receivable activity tax rate code source is Invoice, receivables derive the tax account from auto-accounting. no
. For Adjustments, if the receivable activity tax rate code source is Invoice, receivables use the tax account of the tax code. no
. 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.
40. 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? Aparece en el examen version 2020
Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
Create an Oracle Business Intelligence Appliccations (OBIA) Report.
Query each customer refund and verify the Refund Status.
Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
41. You are the Billing Manager and you are responsible for reviewing adjustments and approving them. Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two)
Pending My Research.
. Pending Approval From Managers
Pending Approval
. Pending My Approval
Approved
42. If a receipt cannot 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
43. The Billing Manager has navigated to the Billing work area to complete a transaction. The incomplete Transactions Overview region on the Billing Work Are Page has a drilldown option through a column to complete the transaction.
Identify the column
Transaction Class
Transaction Number
Transaction Source
Transaction Date
44. 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?
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
45. 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.
46. 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? Aparece en el examen version 2020
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.
47. Which two determinant types are used in reference data assignment? (Choose two.)
. Business Unit
. Account Segment
Project Segment
Project unit
48. 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 limits.
49. In what three ways will changing customer information impact the collection process? (Choose three.) Aparece en el examen version 2020
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.
Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent
Changing information on the Profile tab does not have an impact on the level at which collections are done.
50. Identify two values that default from Customer Profile Classes. Aparece en el examen version 2020
Tax
Payment Terms
Legal Entity
Statement Cycle
Business Purpose
51. Select three values that default from Customer Profile Classes.
Currency
Legal Entity
Payment Terms
. Statement Cycle
. Business Purpose
52. What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
. Limiting write-offs by a percentage of the original receipt amount
Scheduling periodic write-offs as receipt adjustments for old remaining balances
Creating write-offs for specific currencies and customers
Scheduling periodic write-offs as receipt adjustments for small remaining balances
Scheduling periodic write-offs to occur in future periods
53. 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 by using the Adjustment Reversal and Chargeback Reversal activities
. Manually by using Chargeback Reversal activities
. Manually by using Adjustment Reversal activities
Automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
54. 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? Aparece en el examen version 2020
After 60 days
Immediately
. Only after manual intervention
. After 100 days
55. Identify the dunning letter template set provided by an application.
. Regular,Medium,hard, easy
Regular,medium,hard,difficult
Soft, medium,hard, final
. Soft,regular,medium, hard
56. 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.
57. 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.) Aparece en el examen version 2020
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.
58. 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.) Aparece en el examen version 2020
. System Options
. Receipt Class
Customer Site
Receipt Method
Customer Account
59. Which two statements are true about configuring Collection Strategies?
You need to define an Aging Method that meets the requirements of your organization.
You need to create Strategy Tasks of the type "Automatic" only.
You need to SGI the (Collections Method to Strategies for the relevant business unit.
You need to create Scoring Formulae (or use predefined Scoring Formulas).
60. A client rents equipment for special events. They have the following invoicing requirements: invoice must De 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 and Contingency Primary Removal Event as Payment.
. 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 Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
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.
61. What is the order used to group transactions 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
62. Your customer upload batch completes with an error and you identify the error as being due to an incorrect payment method. Which action should you take to resolve the issue? Aparece en el examen version 2020
Correct error and resubmit the batch.
Troubleshoot in the Manage Customers page.
Use the Customer Data Exceptions spreadsheet.
Use the Customer Payment Method Exceptions spreadsheet.
63. The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this. Aparece en el examen version 2020
Clearing payment information
Change of instrument
Debit memo reversal
Receipt reversal
Receipt reversal
64. Which 3 transaction types are used to generate late charges? Aparece en el examen version 2020
Cash receipt
. Debit memo
Adjustment against original transaction
Credit memo
Interest invoice
65. After reviewing an incomplete invoice, the billing manager clicks the complete button in the transaction window, which are three results of this action?
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.
66. In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan.(Choose 3)
Customer West is a subsidiary of Customer USA. 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.
67. 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 by customer name and free 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 to automatically create a free training performance obligation when creating a performance obligation for the consulting services.
68. 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.
69. 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
70. 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.
71. What are the two places where Receivables can look for the “Match Receipts By” setting when applying manual customer receipts automatically?
. AutoMatch Rule
Customer
Receipt Method
. System Options
72. What are the three drilldown options available in the task panel for Receipt Remittance? (Choose three.)
Lockbox Transmission History
Create Automatic Receipts
Correct Funds Transfer Errors
Create Receipt Remittance Batch
Manage Receipt Remittance Batches.
73. As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the “Approve Adjustments” page? Aparece en el examen version 2020
Approve
Request Information
Reassign
Reject
Edit
74. 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? Aparece en el examen version 2020
10+ Days Link
10+ Days Link
10+ Days Link
0-10 Days Link
75. 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 USD. 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.
76. Where is the summary delinquency data displayed on the Collections Dashboard?
. Activity tab
Correspondence tab
Profile tab
Aging tab.
77. Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.) Aparece en el examen version 2020
Si en el examen pregunta lo contrario: cuales no son default transaction class
Debit Memo
Debit Memo
ChargeBack
Credit Memo
Guarantee
78. 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 from any of the summarized Receivables and Accounting amounts to see detailed activity
drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
79. 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).
80. 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.
81. You schedule print runs of transactions and balance forward bills according to the needs of your enterprise. 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 system.
82. How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard? Aparece en el examen version 2020
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.
83. 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.
84. Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area?
Revenue Manager
Accounts Receivable Manager
Accounts Receivable Specialist
Billing Specialist
85. 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 and time frame
86. 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"
87. 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.
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.
88. Identify two credit memo options. (Choose two.) Aparece en el examen version 2020
. Tax only
Advance
Paid freight
Invoice lines
Paid amount only
89. Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
Import Payables Invoices Duty
Receipt Creation Duty
Trading Community Hierarchy Management Duty
. Payment Settlement Management Duty
90. 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
91. 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.
92. 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
93. What information does the Collector see in the Activities List area of the Collections Dashboard? Aparece en el examen version 2020
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
94. 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
95. 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
96. 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
97. 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
Delete Contracts from the Manage Customer Contracts UI.
98. 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
Revenue Types
Revenue Contingencies
99. 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 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.
100. 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
101. Which statement is true when you create an Implementation Project for Oracle Financials Cloud?
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.
102. 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.
103. Which is NOT a predefined Accounting Class for Revenue Management?
Contract Discount
Contract Liability
Contract Asset
. Contract Unearned Revenue
104. You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
Aparece en el examen version 2020
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
105. 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? Aparece en el examen version 2020
. 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"
106. 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.
107. 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.
108. 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 ________.
Receipts creation is a spreadsheet
Automatic receipts creation
Lockbox receipts creation
Manual receipt entry
109. Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? Aparece en el examen version 2020
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.
110. Which two are rules applicable to issue of refunds? Aparece en el examen version 2020
You can refund receipts that were either remitted or cleared.
You can refund receipts that are factored
You cannot refund more than either the original receipt amount or the remaining unapplied amount.
You can issue a credit card refund to a customer who has made a cash payment.
111. 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
112. 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"
113. 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.
114. Identify two late charge interest calculation methods. (Choose two.)
Previous Balance
Adjusted Balance
. Overdue Transactions only
. Average Daily Balance
