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Worksheets1Z0-1056-22
Total questions: 137
Worksheet time: 1hrs 25mins
**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 are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
Lockbox Transmission History
Create Automatic Receipts*
Correct Funds Transfer Errors
Create Receipt Remittance Batch*
Manage Receipt Remittance Batches*
What information does the Collector see in the Activities List area of the Collections Dashboard?
customer’s profile for each assigned customer
customer search as per the parameter specified
status of processing activities from the Process Monitor
tasks assigned to the Collector, such as follow-up calls*
summary of aged transactions
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
scheduled processes
system privileges
user application privileges
the employees who are involved with the collections process and how the collectors will be assigned*
customer contact information
**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
**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.*
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.)
Auto-Cash Rules*
Transaction Sources*
Receipt Methods
Receipt Types
Transaction Types*
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.
**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.
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*
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
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
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.
**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.
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 that both the receiver and provider business units and legal entities are subscribed to the
applicable tax regime on the transaction date.*
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window. What are three results of this action? (Choose three.)
Payment schedules are created using the payment terms specified.*
The invoice is sent for a dunning follow-up.
The invoice can now 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.
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
**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.
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*
**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.
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 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.*
Which statement is true about AutoAccounting?
AutoAccounting is set up at the Legal Entity level.
If AutoAccounting 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 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
**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*
**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.
**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 dropdown menu.
**Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)
Deposit*
Guarantee*
Debit Memo*
Credit Memo
Charge Back
**Identify two late charge interest calculation methods. (Choose two.)
Previous Balance
Adjusted Balance
Overdue Transactions only*
Average Daily Balance*
**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.
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.*
Identify two values that default from Customer Profile Classes. (Choose two.)
Business Purpose
Statement Cycle
Legal Entity
Tax*
Payment Terms*
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
Average
Flat Rate*
Declining Balance
Simple*
Compound*
Identify two credit memo options. (Choose two.)
Tax only*
Advance
Paid freight
Invoice lines*
Paid amount only
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
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"
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.
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 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.
**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.
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*
Which three receipts can be automatically applied by a system? (Choose three.)
receipts that are unapplied
receipts created in a spreadsheet and uploaded
miscellaneous receipts*
receipts that are manually created*
receipts created in a lockbox and uploaded*
Identify the dunning letter template set provided by an application.
Soft, Regular, Hard
Regular, Medium, Hard
Final Demand, Soft, Medium*
Regular, Final Demand, Medium
**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
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.
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.*
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
**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
**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, 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.
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.*
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
Unidentified Receipts*
Lockbox Exceptions
Receipt Batches
Unapplied Receipts
Unapplied Credits
**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
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
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.
Which two are Late Charge Calculation Methods?
Credit Items and Disputed Transactions
Late Payments Only*
Adjustment
Overdue Invoices Only*
**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.*
**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?
20+ Days Link
0-10 Days Link*
0-5 Days Link
10+Days Link
You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups. 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”
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.
Run the predefined Transaction Details Report.
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.
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
Where is the summary delinquency data displayed In the Collections Work Area?
Transactions Tab
History Tab
Profile Tab
Aging Tab*
**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.*
Which four output file types are available when you run the “Print Receivables Transactions” program?
JPG
PDF*
Excel*
HTML*
Zipped PDFs*
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.
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.
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.
When using lockbox to process customer payments, which two tables are used in the upload? (Choose two.)
RA_INTERFACE_PAYMENTS_ALL
AR_PAYMENTS_INTERFACE_ALL*
AR_INTERFACE_INTERIM_LINES_ALL
AR_INTERIM_CASH_RECEIPTS_ALL*
The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing. To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?
10
1012
65535
1
1024*
You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5. Which transaction will be applied to the receipt?
Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28- Feb 2020
Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020*
Invoice Amount: $800, Pament Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020
Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020
**You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation. What is a Nonrevenue Allocation?
sales credits associated to deferred revenue
sales credit allocation based on billing corrections
sales credit reversals due to credit memo creation*
additional incentive-based sales credits
**As a consultant, you have built the following Scoring model in Advanced Collections: If a customer has 10 past due transactions and an amount overdue of $125, what is the calculated
score?
55
25
100
50*
45
**When importing Receivable transactions into Fusion Receivables, the Autoinvoice log gives the error message “Error: Item validation org not set up for the BU.” What action should you take to solve the issue?
Set up Item validation organization in Inventory Item.
Validate the Item validation organization in inventory Org.
Set up Item validation organization in Inventory Org.
Set up Item validation organization in Receivables System Options.*
To determine the best approach to converting a client’s data, you must know which setups are Reference: Data Set enabled and can be shared. Which three are Reference: Data Set enabled setups in Receivables? (Choose three.)
Revenue Contingencies*
Receivables Activities
Customer Account Sites
Standard Memo Lines*
Revenue Transactions*
Each time that you run AutoInvoice, the process generates a list of records that fail validation. Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)
using the Incomplete Infotile
using the Manage AutoInvoice Lines task*
using the Manage Transactions task*
using the Import Exceptions Infotile
**What is the initial status of a newly created bill receivable?
Pending posting
Awaiting approval
New
Awaiting submission
Pending remittance*
Which two are NOT components of a Business Intelligence Publisher report? (Choose two.)
View*
Data Model
Matrix*
Translation
Layout
**The Business Intelligence repository contains metadata that defines columns, which you can include in an analysis. Which three types of columns are available when you create or edit an analysis? (Choose three.)
Hierarchy*
Function
Fact*
Attribute*
Sum
**The Multifund Accounting feature supports detailed distributions for invoices with revenue recognition rules. For a customer invoice with the distributions below: Which unearned revenue accounting entries will the feature generate?
Credits of $900 and $600 for companies 01 and 02 respectively
Credits of $900 and $500 for companies 01 and 02 respectively
Debit of $900 and credit of $500 for companies 01 and 02 respectively*
Credit of $900 and debit of $500 for companies 01 and 02 respectively
Debits of $900 and $500 for companies 01 and 02 respectively
You are configuring tax for Receivables to cash transactions. Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)
Ship-to party
Ship-from party*
Point of origin party*
Point of acceptance party
Bill-to party
**As an Implementation Consultant, you want to define approval limits for Receivables. Which two statements are correct? (Choose two.)
The approval limits are used by the auto adjustment program.
The approval limits are set per user, document type, and currency.
The implementation user can create their own approval limits.*
The approval limits per user and per currency are shared across the document types.*
**You are investigating the Receivables to General Ledger Reconciliation Report and must explain any variances to your Accounting Manager. What two variance amounts should you expect to investigate in this report? (Choose two.)
Tax Variance
Intercompany Variance
Accounting Variance*
Receivables Variance*
A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup. After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)
Account Number or Party Number*
Currency code*
Data Point*
Data Point Description
Data Point Lookup
**When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments. Which receipt rule should you define?
One per Customer per due date
One per Customer
One per site per due date
One per invoice*
**When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations? (Choose three.)
Liability- Unearned revenue
Revenue- Revenue
Liability-Accounts Payable*
Owner’s equity*
Asset - Remitted Receipts*
You entered an invoice of $12500 in the receivable and created a receipt with the amount $15000 received from the customer. How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?
Invoice balance is displayed as 0.
Invoice balance is displayed as 2500.*+
Invoice balance is displayed as 0 and Miscellaneous receipt is created with 2500.
Invoice balance is played as 0 and On account receipt is created with 2500.
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.)
On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations
Unapplied, if the Customer Account Number or MICR number is provided*
Unidentified, if the Customer Account Number or MICR is not provided and there are no successful matching recommendations*
Applied, if the Customer Account Number or MICR number is provided
**Given the default system options:
Which two instances are you required to select for the – require salesperson flag? (Choose two.)
Sales credit tracking is required*
FBDI Loader is required
Auto-Invoicing is required
Revenue accounting is required*
**Which minimum Customer setup is required to create a receivables transaction?
one customer account and one customer site with a bill-to site business purpose*
one customer account without any customer site
one customer account with two sites: one with a bill-to business purpose and the other with a ship-to business purpose
one customer account and one customer site with a ship-to site business purpose
**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.)
Taxes
Ship to site
Standard Lines*
Transaction Types*
Salesperson*
**What are the two places where Receivables can look for the “Match Receipts By” setting when applying manual customer receipts? (Choose two.)
Receipt Method*
Profile option
Customer
AutoMatch Rule
System Options*
**You are defining a new receipt class to process manual customer payments and plan to use reconciliation accounting in Cash Management. Which two clearance methods enable you to match and clear transactions in Cash Management? (Choose two.)
by factoring
by Conformation
by Automatic Clearing*
Directly
by matching*
**Your Cloud client has decided to use Channel Revenue Management Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services. Which three setup steps are predefined for this feature? (Choose three.)
predefined Channel Revenue Management auto accounting type
predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation*
predefined Channel Revenue Management transaction type
predefined Channel Revenue Management transaction source*
predefined Claim Investigation activity type under Receivables Activities*
**Which three receipts types can be reversed in the Cloud? (Choose three.)
Invoice-related receipts*
Receipts applied to open receipts*
Miscellaneous receipts*
Receipts that are archived
Credit card chargebacks posted to GL
Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)
Activities
Unapplied Receipts*
Unapplied Credits*
Receipt Batches*
Unidentified Receipts
Which reporting tool is primarily used by users to create ad hoc analysis from real-time Receivables data?
Smart View
Oracle Transaction Business Intelligence*
ADFdi Spreadsheets
XML Publisher
Financial Reporting Web Studio
**Which three attributes are displayed in the detail table of the Balance forward Bill infotile? (Choose three.)
Due date*
Amount due on Bill*
Past due Amount
Collector
Billing date*
**A company’s policy is always to apply customer payments to debit and credit items, starting with the oldest due date. Which function should you include in the default Auto-cash rule?
Clear the past due invoices grouped by payment terms
Clear the account
Match payment with Invoice
Apply to the oldest invoice first*
Clear past due invoices
**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?
38.34 : 48.34 : 8.32 : 5
35: 45 : 5: 5
38: 47.5: 9.5: 5
40: 50: 5: 5*
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 two tools should you use to create this analysis? (Choose two.)
Report Builder*
Visual Builder add on to Excel*
Answers
BI Composer
A Cloud customer requires enhanced message content in transactions delivered using email. Which three are supported in the body of the message? (Choose three.)
Insert logos.*
Prevent use of Dynamic Tokens.
Increase the character limit to greater than 4000.
Insert hyperlinks.*
Modify the fonts and font size.*
After creating Receivable Activities using the General Ledger Rapiz 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.)
Unearned Discounts
Earned Discounts
Debit Memo Reversal
Miscellaneous Receipt*
Adjustment Activities*
**As an implementer, while importing data from the legacy/third-party system, you forgot to populate the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. What happens when you run accounting?
It will return an error and the data will be stuck in the interface table.
Neither invoice nor accounting will be created.
Invoice will get created but accounting won’t be created.
Invoice will be created and the system will use auto accounting configuration to create accounting.*
**ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegian krone. For this example, the conversion rate between the krone and the euro is 6.55957. The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the accounting. Where should you define the header-level rounding account?
Customer Account Level
Transaction Source*
Receivable System Option
Customer Site Level
Transaction Type
**Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?
Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield
Line-level transaction flexfield, Header-level transaction flexfield
Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield*
Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield
Which two setups are required to create bills receivables? (Choose two.)
Statement cycles*
Lockbox
Bills Receivable Matching Rules
Bills Receivable Receipt method*
Customer account site with purpose of drawee
**You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions. Which three event attributes should be used? (Choose three.)
Transaction number of amendments*
Transaction created by
Transaction last update date*
Transaction creation date
Transaction type of update*
*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 fornsite 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.
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.
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. 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.
**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.*
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 two items are required for customer invoicing? (Choose two.)
Lockbox*
Customers
Remit-to-address
Customer Profile Class*
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.
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
**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.*
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 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.*
**When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?
manually, but without using the Adjustment Reversal and Chargeback Reversal activities
automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
automatically by using the Adjustment Reversal and Chargeback Reversal activities*
manually by using Chargeback Reversal activities
manually by using Adjustment Reversal activities
**Which 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*
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
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
**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 are three components of a Business Intelligence Publisher report?
Output
Data Model*
Subject Area
Translation*
Layout*
When setting up transaction types, wich statement is true?
**If you set Open Receivable option to No and Post to GL option to Yes, Receibvables update accounting, which has an impact on customer balances.
If only the Open Receivable option is enabled, Receivables updates your customer balances, but has no effect on standard aging.
If you set the Open Receivable option to Yes and Post to GL option to NO, Receivables updates customer accounts with the transaction activity of transactions that are assigned this transaction type.*
If you set the Open Receivable option to YEs and Over Application Glag to Yes, you cannot reverse the sign on the trasaction when applying credit memos.
**You receive an accounting distribution requirement from your customer to derive Department segment value based on the type of invoice being create. What is th required Auto-Accounting configuration to fulfulll his requirement?
Set the Value Source "Transaction Types" for the Department segment.*
Set the Value Source "Site" for the Department segment.
Set the Value Source "Transaction Source" for the Department segment.
Set the Value Source "Standard Lines" for the Department segment.
Set the Value Source "Transaction Class" for the Department segment.
**Which two types of strategy tasks are available in Advanced Collections?
Global
Business Unit Specific
Manual*
Case Folder
Automatic*
Which three infotiles are displayed in the Bill Management's 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 ad hoc 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
Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.
When should the Debit Memo Reversal method be used to reverse a receipt?
You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.
You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.*
You are reversing a Miscellaneous receipt.
**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.)
Unearned Discounts
Earned Discounts
Debit Memo Reversal
Miscellaneous Receipt
Adjustment Activities
**Upon approval of a remittance batch of type ''Factored with Recourse,'' the Receivables application creates a receipt and establishes risk. How does Receivables establish risk?
by generating a bills receivables adjustment*
by creating an on-account credit memo
by recording an entry to the Remitted Bills Receivable account
by recording short-term debt
**A Cloud client has a requirement to process the most precise revenue recognition schedule. Which revenue schedule would you use to achieve this requirement?
Fixed Rate
Daily Revenue rate -- Partial Periods
Variable rate
Period end rate
Daily Revenue Rate -- All periods*
Which reporting tool is primarily used by users to create ad hoc analysis from real-time Receivables data?
Smart View
Oracle Transaction Business Intelligence
ADFdi Spreadsheets
XML Publisher
Financial Reporting Web Studio
**A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.
After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)
Account Number or Party Number*
Currency code*
Data Point ID*
Data Point Description
Data Point Lookup
**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 are Oracle Transactional Business Intelligence reports?(Choose two).
Transaction Register*
Adjustment Register*
General Latter
Receivables
**How are distributions derived for an invoices?
by using AutoAccounting Rules*
by using Invoice Accounting Rules
by using Biling Rles
By using Customer Accounting Rules
