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NEW QUESTION # 39
Which two statements are true about processing Receivables adjustments that impact tax amounts?
- A. Receivables can look at the adjustment activity and retrieve the tax rate code.
- B. Receivables can look at System Options and retrieve the tax rate code.
- C. There is no need to retrieve the tax rate code.
- D. Receivables can look at invoice and retrieve the tax rate code.
Answer: B,D
NEW QUESTION # 40
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.)
- A. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
- B. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
- C. The customer does not have the default strategy and default collector assigned at the customer account and site level.
- D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
- E. 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.
- F. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
Answer: A,E
NEW QUESTION # 41
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
- A. removes the pending sales credits
- 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 invoice line revenue contingencies
Answer: D
NEW QUESTION # 42
While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, you notice that it is only displaying balance forward Mis raised in the last month.
How can you increase the number of months to view past balance forward bills?
- A. Use Receivables System Options
- B. Use the threshold view of Balance Forward Bill Infotile
- C. Add the number of months as a value for the BILL.MANAGEMENT lookup code
- D. Use Bill Management System Options
Answer: D
Explanation:
You can use Bill Management System Options to increase the number of months to view past balance forward bills on the Account Overview page in Bill Management. You can set the value for the Number of Months for Balance Forward Bill Infotile Profile Option. Verified [How You Manage Balance Forward Billing - Oracle]
NEW QUESTION # 43
As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?
- A. Neither invoice nor accounting will be created.
- B. It will return an error and the data will be stuck in the interface table.
- C. Invoice will be created and the system will use the AutoAccounting configuration to create accounting.
- D. Invoice will get created but accounting will not be created.
Answer: C
Explanation:
This is what happens when you run accounting without populating the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. The system will use AutoAccounting to derive the accounting distribution based on your AutoAccounting rules. Verified [How You Import Transactions Using AutoInvoice - Oracle]
NEW QUESTION # 44
Your customer receives their invoices via the XML delivery method. They want to receive billing transactions for specific sites only. Now you have been tasked with creating a very focused delivery method of XML transactions for this customer site that should be receiving the invoice.
To define this setup, you must add a new lookup code to the AR Features lookup type in the Manage Receivables Lookups task. Which lookup code would you use?
- A. AR_NTERFACE.XML
- B. AR_XML_INVOICE_ENHANCED
- C. AR.INVOICE.XML.ENHANCED
- D. AR_XML.DELIVERY.METHOD
- E. AR_CUSTOMER.DELIVERY
Answer: D
Explanation:
This lookup code is used to define the XML delivery method for a customer site. You can specify the XML delivery method in the customer profile or in the transaction source. Verified [Overview of Oracle Receivables - Oracle]
NEW QUESTION # 45
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?
- A. customer contact information
- B. scheduled processes
- C. the employees who are involved with the collections process and how the collectors will be assigned
- D. system privileges
- E. user application privileges
Answer: C
NEW QUESTION # 46
Manage Aging Methods
Scenario
Your organization needs to create their own a-bucket aging method for reporting purposes.
Task
Create a new 4-bucket Aging Method in the Collections application, where:
Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.) Aging method is accessible to all business units Aging buckets are 45 days apart Last bucket is 91 days
Answer:
Explanation:
See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Aging Methods icon in the Receivables work area.
Click on the Create button.
In the Aging Method window, enter the following information:
Name:XXAging Method (Replace XX with your allocated user ID.)
Description:Custom aging method for reporting purposes.
Aging Buckets:
1:0 to 45 days
2:46 to 90 days
3:91 to 135 days
4:136 to 180 days
Last Bucket:181 days
Available to All Business Units:Yes
Click on the Save button.
The new aging method will be created.
NEW QUESTION # 47
Which three benefits do intercompany reconciliation reports provide to an accountant?
- A. Comparing receivables and payables account balances and identifying discrepancies.
- B. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
- C. Displaying clearing company balancing lines.
- D. Displaying intercompany receivables and payables balancing lines.
Answer: A,B,D
NEW QUESTION # 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?
- A. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
- B. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
- C. The program can be run only if the amount is within the Billing Specialist's approval limits.
- D. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
Answer: B
NEW QUESTION # 49
Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Create a manual Receipt Class, where:
Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.) Receipts using this new receipt class will not be remitted Organization will use Cash Management to clear their receipts
Answer:
Explanation:
See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Receipt Classes icon in the Receivables work area.
Click on the Create button.
In the Receipt Class window, enter the following information:
Name:XXReceipt Class (Replace XX with your allocated user ID.)
Creation Method:Manual
Remittance Method:No Remittance
Bank Account:The bank account that will be used to clear receipts for this receipt class.
Click on the Save button.
The new manual receipt class will be created.
To make sure that receipts using this receipt class will not be remitted:
Click on the Remittance Methods tab.
Select the check box next to No Remittance.
Click on the Save button.
The receipts using this receipt class will now not be remitted.
NEW QUESTION # 50
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?
- A. Receivables Variance
- B. Intercompany Variance
- C. Tax Variance
- D. Accounting Variance
Answer: A,D
Explanation:
These are the two variance amounts that you should expect to investigate in the Receivables to General Ledger Reconciliation report. Accounting variance is the difference between the subledger journal entries and the general ledger journal entries. Receivables variance is the difference between the subledger balances and the general ledger balances. Verified [How You Reconcile Receivables to General Ledger - Oracle]
NEW QUESTION # 51
Your organization is looking to adopt a flexible approach to control the creation of claims investigation when the lockbox files contain invalid positive remittance references. This feature helps manage lockbox files that encounter invalid transaction numbers for receipts with customer assignment.
When this option is enabled in the Manage Receivables System Options task, which process must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction referenced?
- A. Process Lockbox Receipts
- B. Process Receipts through Lockbox
- C. Process Lockbox Receipts and Remittance Reference
- D. Process Receipts and Remittances through Lockbox
Answer: A
Explanation:
This process is used to process lockbox receipts with invalid transaction references when you enable the Create Claims Investigation option in Receivables System Options. [How You Process Lockbox Receipts - Oracle]
NEW QUESTION # 52
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. 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.
- B. Business unit is not a required option on the Parameters tab to run the delinquency process.
- C. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
- D. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
Answer: A
NEW QUESTION # 53
After a customer bankruptcy is approved, what happens in the Collections application?
- A. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
- B. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
- C. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
- D. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
Answer: A
NEW QUESTION # 54
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.)
- A. Pending My Research
- B. Pending My Approval
- C. Approved
- D. Pending Approval From Managers
- E. Pending Approval
Answer: A,B
NEW QUESTION # 55
The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.
- A. Transaction Date
- B. Transaction Class
- C. Transaction Source
- D. Transaction Number
Answer: D
NEW QUESTION # 56
In what three ways will changing customer information impact the collection process? (Choose three.)
- A. Changing the Collector impacts the individual working with the delinquent customer.
- B. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
- C. Making changes on the Profile tab impacts the collection process.
- D. Changing information on the Profile tab does not have an impact on the level at which collections are done.
- E. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
Answer: A,B,C
NEW QUESTION # 57
Which two determinant types are used in reference data assignment? (Choose two.)
- A. Project unit
- B. Account Segment
- C. Project Segment
- D. Business Unit
Answer: A,D
NEW QUESTION # 58
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. The program allows table hierarchies for customer bank accounts, but not for other customer information.
- B. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- C. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the 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: B
NEW QUESTION # 59
Where is the summary delinquency data displayed In the Collections Work Area?
- A. Aging Tab
- B. Profile Tab
- C. History Tab
- D. Transactions Tab
Answer: A
NEW QUESTION # 60
What information does the Collector see in the Activities List area of the Collections Dashboard?
- A. customer search as per the parameter specified
- B. customer's profile for each assigned customer
- C. status of processing activities from the Process Monitor
- D. summary of aged transactions
- E. tasks assigned to the Collector, such as follow-up calls
Answer: E
NEW QUESTION # 61
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action?
- A. The payment schedules are created using the payment terms specified.
- B. The invoice is eligible for transfer to the General Ledger.
- C. The invoice is sent for a dunning follow-up.
- D. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
- E. The invoice can now be printed.
Answer: A,B,E
Explanation:
When the Billing Manager clicks the Complete button in the Transactions window, the following results occur:
The invoice can now be printed or delivered to the customer by the preferred delivery method.
The invoice is eligible for transfer to the General Ledger and posting to the customer account.
The payment schedules are created using the payment terms specified on the transaction or customer profile. The other options are not correct because:
The invoice is not sent for a dunning follow-up until it becomes overdue.
The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to Yes, not No. Verified https://docs.oracle.com/en/cloud/saas/financials/23b/faofc/manage-customer-billing.html#FAOFC-GUID-9E7F8B0A-5F6E-4B6E-AF0B-9C1E5D7D2A8A
NEW QUESTION # 62
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