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NEW QUESTION # 93
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work are a. The import process, however, returns errors. Identify two reasons for the import failure.
- A. an inactive Journal Entry Rule Set
- B. an inactive Mapping Set
- C. an inactive Accounting Method
- D. an inactive Journal Line Type
Answer: B
NEW QUESTION # 94
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.)
- A. Accounting Variance
- B. Receivables Variance
- C. Tax Variance
- D. Intercompany Variance
Answer: A,B
NEW QUESTION # 95
Which three benefits do intercompany reconciliation reports provide to an accountant?
- A. Displaying clearing company balancing lines.
- B. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
- C. Displaying intercompany receivables and payables balancing lines.
- D. Comparing receivables and payables account balances and identifying discrepancies.
Answer: B,C,D
NEW QUESTION # 96
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
- A. Forwarded for Approval
- B. Pending Research
- C. Pending Approval
- D. Approval Required
Answer: C
NEW QUESTION # 97
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?
- A. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- B. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- C. The program allows table hierarchies for customer bank accounts, but not for other customer information.
- D. 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.
- E. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
Answer: A
NEW QUESTION # 98
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. quick cash receipt
- B. AutoLockbox receipt
- C. automatic receipt
- D. miscellaneous receipt
- E. manual receipt
Answer: C
NEW QUESTION # 99
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?
- A. Set Preferred Delivery Methods to Email
- B. Set Preferred Contact Method to XML
- C. Set Preferred Delivery Method to XML
- D. Select the Enable OAGIS 10.1 XML Format Check Box
- E. Select the Enable XML Invoicing Check Box for Relevant Transaction Classes
Answer: B,E
NEW QUESTION # 100
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?
- A. 20+ Days Link
- B. 0-5 Days Link
- C. 10+Days Link
- D. 0-10 Days Link
Answer: D
NEW QUESTION # 101
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)?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION # 102
Identify two late charge interest calculation methods. (Choose two.)
- A. Previous Balance
- B. Average Daily Balance
- C. Adjusted Balance
- D. Overdue Transactions only
Answer: B,D
NEW QUESTION # 103
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. Assign a Collector to a delinquent customer.
- B. Verify Customer Payments.
- C. View the Total Amount Due for delinquent customers.
- D. Update the work status of a work item for a delinquent customer.
- E. Record an activity to create a task or tasks to follow up on a delinquent customer.
Answer: A,D,E
NEW QUESTION # 104
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.
- A. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
- B. Business unit is not a required option on the Parameters tab to run the delinquency process.
- C. 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.
- D. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
Answer: C
NEW QUESTION # 105
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.)
- A. AutoMatch Rule
- B. Customer
- C. System Options
- D. Receipt Method
Answer: B,C
NEW QUESTION # 106
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.)
- A. BI Composer
- B. Answers
- C. Report Builder
- D. Visual Builder add on to Excel
Answer: C,D
NEW QUESTION # 107
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.)
- A. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
- B. predefined Claim Investigation activity type under Receivables Activities
- C. predefined Channel Revenue Management transaction source
- D. predefined Channel Revenue Management auto accounting type
- E. predefined Channel Revenue Management transaction type
Answer: A,B,C
NEW QUESTION # 108
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
- A. removes the invoice line revenue contingencies
- B. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
- C. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
- D. removes the pending sales credits
Answer: A
NEW QUESTION # 109
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?
- A. Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020
- B. Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020
- C. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020
- D. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020
Answer: C
NEW QUESTION # 110
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)
- A. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
- B. drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
- C. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
- D. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
- E. drilldown to see reconciliation details and to make reconciling corrections
Answer: A,B,D
NEW QUESTION # 111
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?
- A. Create an open debit memo.
- B. Search for open invoices on the Manage Transaction search page.
- C. Search for the information in the Review Customer Account Details user interface.
- D. Apply, reverse, or process the receipt.
Answer: C
NEW QUESTION # 112
Which configuration step is required for processing Collections disputes?
- A. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
- B. Define Aging Method to be used with disputed transactions.
- C. Define Dispute Thresholds in Collections Preferences.
- D. Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
Answer: C
NEW QUESTION # 113
In what three ways will changing customer information impact the collection process? (Choose three.)
- A. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
- B. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
- C. Changing information on the Profile tab does not have an impact on the level at which collections are done.
- D. Making changes on the Profile tab impacts the collection process.
- E. Changing the Collector impacts the individual working with the delinquent customer.
Answer: A,D,E
NEW QUESTION # 114
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.)
- A. Owner's equity
- B. Asset - Remitted Receipts
- C. Revenue- Revenue
- D. Liability- Unearned revenue
- E. Liability-Accounts Payable
Answer: A,B,E
NEW QUESTION # 115
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You can refund receipts that were either remitted or cleared.
- B. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- C. You can refund receipts that are factored.
- D. You can issue a credit card refund to a customer who has made a cash payment.
Answer: A,B
NEW QUESTION # 116
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