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Question 1:
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 for the customer.
B. 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.
C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
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. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
F. The customer does not have the default strategy and default collector assigned at the customer account and site level.
Correct Answer: BC
Question 2:
Identify the receivables system option that relates to customers.
A. Reciprocal Customer
B. Receipt Method
C. Default Country
D. Automatic Site Numbering
Correct Answer: BC
Question 3:
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?
A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
B. Create an Oracle Business Intelligence Applications (OBIA) Report.
C. Query each customer refund and verify the Refund Status.
D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
Correct Answer: D
Question 4:
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?
A. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
B. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
C. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
D. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
Correct Answer: A
Question 5:
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 Class
B. Transaction Number
C. Transaction Source
D. Transaction Date
Correct Answer: B
Question 6:
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. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
E. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
F. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
Correct Answer: D
Question 7:
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. Search for the information in the Review Customer Account Details user interface.
B. Apply, reverse, or process the receipt.
C. Create an open debit memo.
D. Search for open invoices on the Manage Transaction search page.
Correct Answer: A
Question 8:
In what three ways will changing customer information impact the collection process? (Choose three.)
A. Changing information on the Profile tab does not have an impact on the level at which collections are done.
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. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
E. Changing the Collector impacts the individual working with the delinquent customer.
Correct Answer: BCE
Question 9:
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?
A. The Implementation Project is preconfigured and cannot be deleted or changed.
B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.
C. You must select the offering “Financials” and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
D. When you select the offering “Financials,” it automatically allows you to perform the setup for all Oracle Financials Cloud products.
E. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.
Correct Answer: E
Question 10:
Identify two late charge interest calculation methods. (Choose two.)
A. Previous Balance
B. Adjusted Balance
C. Overdue Transactions only
D. Average Daily Balance
Correct Answer: CD
Question 11:
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.)
A. by setting SM to “Requires Complete” and SMM to “Period”
B. by setting SM to “Allow Partial” and SMM to “Percent”
C. by setting SM to “Allow Partial” and SMM to “Period”
D. by setting SM to “Requires Complete” and SMM to “Quantity”
E. by setting SM to “Requires Complete” and SMM to “Percent”
Correct Answer: CE
Question 12:
Which two statements are true about Accounting for Tax on Receivables? (Choose two.)
A. 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.
B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
C. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
D. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
E. 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.
F. 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.
Correct Answer: CE
Question 13:
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)
A. The Transaction Summary Report shows only transactions with a status of received.
B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
D. 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.
E. You need to submit the Extract Intercompany Reconciliation Data job.
Correct Answer: CD
Question 14:
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
A. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
B. The payable options and the receivable system options should have the same tax application options.
C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
D. First enter a payable transaction to calculate tax and then enter the receivable transaction.
E. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
Correct Answer: BF
Question 15:
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?
A. 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 ” data role.
B. 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 ” data role to the employee.
C. 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.
D. Set the “Transaction Tax Line Override” profile option to Yes for the selected employee and assign the employee the “Tax Manager ” data role.
E. 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.
Correct Answer: D