Oracle Practice Questions
which options is not relevant to a business unit? - management reporting - transaction data security - reference data sharing - assignment of balancing segment valeus - transaction processing
- assignment of balancing segment valeus
which BU functions are valid? 3 - billing and revenue management - journal processing - creating implementation projects - customer payments - customer contract management
- billing and revenue management - customer payments - customer contract management
what would you do if there are always lines on the bank statements that are not reconciled (e.g., bank charges, interest) - these types of lines can be reconciled only manually - enter the transaction on the system and then run the auto re con process to reconcile - create Bank statement transaction creation rules and then run the bank statement transaction creation program to create, reconcile and account for these lines
- create Bank statement transaction creation rules and then run the bank statement transaction creation program to create, reconcile and account for these lines
what is true about transaction types 2 - determine transaction numbering - can be used to assign a legal entity to a transaction - define salesperson information - determine whether AR posts transaction to GL
- determine whether AR posts transaction to GL - can be used to assign a legal entity to a transaction
which statements are true about the billing work areas infotiles? (2) - research, used to review info about adjustments pending research - approval, used to review approved adjustments - incomplete, detailed info about incomplete transactions - import exception, review the count of AI exception rows
- import exception, review the count of AI exception rows - research, used to review info about adjustments pending research
which is true about the cash in transit report? - extracts CM and GL accounting and transaction data for reconciliation purposes - extracts balances and transaction information for a specific bank statement - lists all the transaction that have been remitted to the bank but have not been cleared
- lists all the transaction that have been remitted to the bank but have not been cleared
which statements are true about legal entities (2) - do not make purchases and incur expenses - dont perform intercompany trading - own the assets of an enterprise - record sales and apy taxes on sales
- own the assets of an enterprise - record sales and apy taxes on sales
select components of a COA: - value sets - account combos - segment labels - calendar - currency
- value sets - account combos - segment labels
which statements are true about tax simulator?2 - the simulated tax calculations affect active data - you can create a sample transaction or copy existing transaction - test new tax config in conjunction with the existing config and preview the result - simulator is not helpful identifying the root cause when calculations do not meet requirements
- you can create a sample transaction or copy existing transaction - test new tax config in conjunction with the existing config and preview the result
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.) Choose: -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. -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. -Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
-Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels. -Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
Which two setups are valid when setting up bills receivable remittances?(Choose two.) Choose: -Transaction type is mandatory for the Bill Receivable Receipt method if the creation method is Bills Receivable. -In the Bills Receivable Receipt method, if the number of bills receivable rule is One Per Customer or One Per Customer Due Date, at least one customer must contain an active drawee site that is defined as primary. These rules can group transactions from different customer sites with no site defined as primary. -In the Bills Receivable Receipt method, if the number of bills receivable rule is set to One Per Invoice, One Per Payment Schedule, One Per Site, or One Per Site Due Date, a primary drawee site is not required, but the customer bill-to site must also be a drawee site. These rules cannot group transactions if there isno bill-to site defined as a drawee site. -In the Bills Receivable Receipt method, if the number of bills receivable rule is One Per Invoice, One Per Payment Schedule, One Per Site, or One Per Site Due Date, a primary drawee site is not required, but the customer bill-to site must also be a drawee Site. These rules can group transactions if there is no bill-to site defined as a drawee site. -Transaction type is mandatory for the Bill Receivable Receipt method if the creation method is Bills Receivable Remittance.
-In the Bills Receivable Receipt method, if the number of bills receivable rule is set to One Per Invoice, One Per Payment Schedule, One Per Site, or One Per Site Due Date, a primary drawee site is not required, but the customer bill-to site must also be a drawee site. These rules cannot group transactions if there isno bill-to site defined as a drawee site. -Transaction type is mandatory for the Bill Receivable Receipt method if the creation method is Bills Receivable.
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise. Which three statements are true?(Choose three.) Choose: -If you have printed a transaction, the View Print button will not display a preview of the print. -It is not recommended to print transactions and balance forward bills directly from 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. -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 not recommended to print transactions and balance forward bills directly from BI Publisher. -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. -Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? .-Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date -Intercompany invoicing must be enabled in Receivables System Options. -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.
-Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date
what manual options would you use to correct an incorrect JE what was posted to the GL? 2 - subledger accounting profile options - account override - accrual reversals -subledger JE
-subledger JE - account override
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? Choose one: 20+ Days Link 10+ Days Link 0-10 Days Link 0-5 Days Link
0-10 Days Link
which OTBI subject area should you use to create a real time report for customer refunds 1. AR - standard receipts application details real time subject area 2. AR - adjustments real time 3. AR - receipts details real time 4. AR - Misc receipts real time
2. AR - adjustments real time
which aging method is not delivered by oracle? statement 8 4 7 5
8
Identify two credit memo options.(Choose two.) Choose: Invoice lines Advance Paid amount only Paid freight Tax only
? Invoice lines Tax only
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? Choose one: -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 owneroptions for the receivable application and create a tax rule to grant this privilege only to the selected employee. -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 grant the employee the "Tax Manager <Business Unit>" data role.
?-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.
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? Choose: Deferred Revenue Entity Accounting Events Entity Satisfaction Events Entity Distribution Entity Unbilled Receivable Entity
?Deferred Revenue Entity Accounting Events Entity Satisfaction Events Entity
Which configuration step is required for processing Collections disputes? Choose one: Set "Send Dispute Notice" Option to "Yes" in Collections Preferences. Define Aging Method to be used with disputed transactions. Define Dispute Thresholds in Collections Preferences. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
?Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
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. Choose one: Unearned revenue will be credited for $100 USD Earned revenue will be debited for $50 USD Earned revenue will be credited for $50 USD Unearned revenue will be debited for $50 USD
?Earned revenue will be credited for $50 USD
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? Choose: 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 a Performance Obligation Identification Rule to automatically create a free training performance obligation when creating a performance obligation for the consulting 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 by customer name and free services. Define an implied performance obligation template to create an implied performance obligation for the training services in the "Consulting" contract in Revenue Management.
?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 a Performance Obligation Identification Rule to automatically create a free training performance obligation when creating a performance obligation for the consulting services.
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? Choose one: 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. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
?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.
Which method is used to allocate total transaction price across performance obligations in Revenue Management? Choose one: Inverted Allocation Method Residual Allocation Method Alternative Allocation Method Two Step Allocation Method Relative Allocation Method
?Two Step Allocation Method
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement? Response: Modify the Invoice Print Layout Bill Presentment Template. Extend the "Print Receivables Transactions" program. Use Web Services to integrate with an external system that can handle this requirement. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
?Use Web Services to integrate with an external system that can handle this requirement.
Which statement is true when you create an Implementation Project for Oracle Financials Cloud? Choose one: The Implementation Project is preconfigured and cannot be deleted or changed. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud. 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. You must plan your Implementation Project carefully because you cannot delete it or make changes later. 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.`
What are the three ways in which a Dispute Request can be submitted?(Choose three.) Choose: by a Billing Specialist through the Billing work area by a Collections Agent through the Advanced Collections application in the Customer work area by an Account Receivables Specialist through the Receivables Balances work area by a Billing Manager through the Transaction UI in the Adjustment work area by a Receivables Manager through the Reconciliation work area
?by a Billing Specialist through the Billing work area by a Collections Agent through the Advanced Collections application in the Customer work area by a Receivables Manager through the Reconciliation work area
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created? Choose one: automatically by using the Adjustment Reversal and Chargeback Reversal activities manually, but without using the Adjustment Reversal and Chargeback Reversal activities manually by using Chargeback Reversal activities automatically, but without using the Adjustment Reversal and Chargeback Reversal activities manually by using Adjustment Reversal activities
?manually, but without using the Adjustment Reversal and Chargeback Reversal activities
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? Choose one: collection days lead days clearing days risk elimination days recall days short-term debt clearing days
?short-term debt clearing days
Which three work areas and tasks are reviewed before closing a period?(Choose three.) Choose: the Receivables Balances work area for unapplied payments and on-account credit memos the Revenue Adjustments work area for contingencies that affect revenue recognition the Revenue Adjustments work area to apply customer payments that are awaiting contingencies the Receivables Balances work area for adjustments that need approval the Billing work area for incomplete invoices and adjustments that need approval
?the Billing work area for incomplete invoices and adjustments that need approval the Receivables Balances work area for adjustments that need approval the Revenue Adjustments work area for contingencies that affect revenue recognition
Which TWO fields are required when reversing a customer receipt? A. Category B. Comments C. Reason D. Customer Account Number
A C
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? Choose one: Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 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.
A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
determine the best approach to converting a client's data, you must know which setup is reference set- enabled and can be shared. Identify three reference set- enabled objects in Receivables. A. Auto- Cash Rules B. Transaction Sources C. Receipt Methods D. Statement Addresses E. Transaction Types.
A. Auto- Cash Rules B. Transaction Sources C. Receipt Methods (NO these are defined per BU only) D. Statement Addresses (NO aka bill to, ship to) E. Transaction Types.
which three infotiles are displayed in the Bill Management Accounts Overview Work Area? A. Total B. Debit Memos C. In Dispute D. Invoices E. Adjustments.
A. Total C. In Dispute D. Invoices
which sources are used by the tax reporting ledger to extract tax related transaction and accounting details? 3 AR AP CPQ tax repository
AR AP tax repository
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area? Choose one: Revenue Manager Accounts Receivable Manager Accounts Receivable Specialist Billing Specialist
Accounts Receivable Manager
Which three transaction types are used to generate late charges?(Choose three.) Choose: Adjustments against the original transaction Interest Invoice Debit Memo Cash Receipts Credit Memo
Adjustments against the original transaction Interest Invoice Debit Memo
Which output option is supported by BI Publisher layouts? RTF PDF Microsoft Excel All options listed here HTML Microsoft PowerPoint
All options listed here
Which workarea or tool would you use to change the theme for your homepage? Preferences Configuration Application Composer Structure Appearance
Appearance
Which job role is needed to have full access to perform all Functional Setup Manager related activities? System Administrator Application Implementation Consultant Implementation Administrator IT Security Manager Application Administrator
Application Implementation Consultant
Which two delivered roles can access the full functionality of Functional Setup Manager? Choose: any Functional user Functional Setup Manager superuser IT Security Manager Application Implementation Consultant Application Implementation Manager
Application Implementation Consultant Application Implementation Manager
Identify three activities that you can perform from the Collections Dashboard.(Choose three.) Choose: Verify Customer Payments. Assign a Collector to a delinquent customer. Record an activity to create a task or tasks to follow up on a delinquent customer. View the Total Amount Due for delinquent customers. Update the work status of a work item for a delinquent customer.
Assign a Collector to a delinquent customer. Record an activity to create a task or tasks to follow up on a delinquent customer. View the Total Amount Due for delinquent customers.
Identify two late charge interest calculation methods.(Choose two.) Choose: Average Daily Balance Previous Balance Adjusted Balance Overdue Transactions only
Average Daily Balance Overdue Transactions only
At which level can you assign AutoCash rule sets •A)Individual invoice level •B)Customer Profile at the customer site or customer level •C)Business Unit level •D)Entity level
B
AutoInvoice processes ONLY the billing data that originates in other Oracle Financials Cloud applications True False
B
If an invoice uses an automatic receipt method, what must be entered? •A) Lockbox account number •B) Bank, branch and account information of customer •C)Bank, branch and account information of business unit •D) Remit-to address for customer to send payment
B
Which THREE key business processes are supported by the Receivables application? A. Sales Order Creation B. Customer Billing C. Customer Payment Processing D. Receivables Balance Analysis
B C D
What tool can you use to configure your own tax reports? Application Composer BI Publisher Oracle Transactional Business Intelligence Financial Reporting Studio
BI Publisher
the default customer invoice template can be found in-- A, the business unit options. B, the BI catalog. C, the receivable system options. D, the transaction type definition.
BI catalog (part of BI publisher, bills presentment)
in addition to assigning scoring formulas and strategy groups by business level, you have the flexibility to assign by ___ or ___ BU or profile class BU or collector profile class or customer class profile class or aging method
BU or profile class
Which statement is true about Balance Forward Billing? Choose one: Balance Forward Bills can be created for a future date. Balance Forward Bills must be enabled at each bill-to-site level. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle. Transactions included on a Balance Forward Bill can be updated.
Balance Forward Bills can be created for a future date.
Which three are choices for your home page in the Cloud applications? Banner Panel Social News Feed RSS Feed
Banner Panel News Feed
Which two determinant types are used in reference data assignment?(Choose two.) Choose: Account Segment Project Segment Business Unit Project unit
Business Unit Project unit
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? Choose one: By defining a Contact Identification Rule. By defining a Standalone Selling Price Profile. By defining a Revenue Item Group By defining a Performance Obligation Template.
By defining a Performance Obligation Template.
Receivables activity types provide default accounting for which activities in Receivables •A) Transaction and receipt activities only •B) All activities in Receivables •C) All activities except for transactions and receipts •D) All activities in Receivables except for receipts and miscellaneous cash
C
What are infotiles A. Icons on the Home page B. Links in a work area to help users get work done C. Objects that display key Performance Indicators D. Workflow notifications
C
Which THREE components does a customer have? A. Qualifications Information B. Cash Forecasting Details C. Customer Account Site D. Customer Account E. Party Information
C D E
when setting up transaction types, which statement is true? A, if you set the open receivables option to No and post to GL option to Yes, receivables updates accounting which has an impact on customer balances B, if only the open receivables option is enabled, receivables updates your customer balance, but has no effect on standard aging. C, if you set the open receivables option to yes and post to GL option to no, receivables updates customer accounts with the transaction activity of the transactions that are assigned this transaction type. D, If you set the open receivables option to yes, and the Over Application flag to yes, you cannot reverse the sign on the transaction when applying credit memos.
C, if you set the open receivables option to yes and post to GL option to no, receivables updates customer accounts with the transaction activity of the transactions that are assigned this transaction type (this scenario is unusual but could be used for intercompany)
where would a cash manager navigate to view a snapshot of cash positions, missing statements, forecasting and bank statement reconciliation status? cash balances page CM dashboard CM infolets bank statements and recon page
CM infolets
Advanced Collections allows you to assign one or more collectors C along with the primary collector C to create a Collector Group. All collectors who belong to a group can then perform the same collections activities. Which statement listed below is NOT accurate in relation to the Collector Group feature? Choose one: Collectors who belong to the same Collector Group can reassign strategy tasks to themselves or to other collectors in the group. Collectors can always be assigned to more than one active Collector Group. Collection Groups are defined in the "Manage Resources" page. The Collections Work Area has been enhanced to support Collector Group usage.
Collectors can always be assigned to more than one active Collector Group.
Which is NOT a predefined Accounting Class for Revenue Management? Choose one: Contract Liability Contract Discount Contract Asset Contract Unearned Revenue
Contract Unearned Revenue
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 the resolve the issue? Choose one: Use the Customer Payment Method Exceptions spreadsheet. Troubleshoot in the Manage Customers page. Correct error and resubmit the batch. Use the Customer Data Exceptions spreadsheet.
Correct error and resubmit the batch.
Withholding Tax Regimes are setup at which level? Supplier Legal Entity Country Interest Invoices Business Unit
Country
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? Choose one: Query each customer refund and verify the Refund Status. Create an Oracle Business Intelligence Applications (OBIA) Report. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI). Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
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? Choose one: Run the predefined Transaction Details Report. Search in the Payables "Manage Payments" page, then export results to Excel. Create an Oracle Transactional Business Intelligence (OTBI) analysis. Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel.
Create an Oracle Transactional Business Intelligence (OTBI) analysis.
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record? Choose one: Customer Name, Customer Billing Address, Customer Bank Account Customer Name, Customer Account Number, Customer Site Number Customer Number, Customer Account Number, Customer Site Number Customer Number, Customer Billing Address, Customer Bank Account
Customer Number, Customer Account Number, Customer Site Number
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of ___________ Choose one: AutoCash Rules Aging Methods Customer Site Revenue Scheduling Rules AutoMatch Rule Sets
Customer Site
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA. Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship?(Choose three.) Choose: Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions. Customer Japan can pay for Customer West, Customer USA, and its own transactions. 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 Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions. Customer Japan can pay its own transactions. Customer USA can pay for Customer West and its own transactions.
If Allow change to printed transactions is enabled, when can you not update a transaction? •A) You can make changes at any time after the transaction has been printed •B) When the printed transaction has been sent to the customer •C) There is no such option available in Receivables •D) When there are activities (i.e. payments, credit memos, adjustments, etc.) made against the transaction
D
Which is not a Collections Feature A. Process Payments B. Manage Delinquencies C. Resolve Disputes D. Create Customer Bills
D
Which report allows you to review outstanding customer balances A. Customer Listing Report B. Transaction Register Report C. Transaction Details Report D. Customer Account Status Report
D
Which report allows you to thoroughly review information about specific billing transactions A. Receivables Aging by General Ledger Account B. Customer Listing Report C. Billing History Report D. Transaction Details Report
D
What are the components of a BI Publisher report? XML Data Server, Layout, Calculations Data Model, Translation, Properties Data Model, Layout, Translation
Data Model, Layout, Translation
There are a few customers that you do not want to send dunning letters to. How do you exclude these customers from dunning? Choose one: Disable "Send Dunning Letter" Option in Transaction Source. 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 on Profile tab of the Collections Work Area.
There are a few customers that you do not want to send dunning letters to. How would you exclude these customers from dunning? Choose one: Disable Send Dunning Letter in Transaction Type. Disable Send Dunning Letter on the Correspondence tab. Disable Send Dunning Letter in Collections Preferences. Disable Send Dunning Letter in Transaction Source Type. Disable Send Dunning Letter on the Profile tab.
Disable Send Dunning Letter on the Profile tab.
In the user preferences, which of the following are the options related to setting up the language? (Choose three) Display name language Current session language Default language Language by role
Display name language Current session language Default language
Which three benefits do intercompany reconciliation reports provide to an accountant? Choose: Displaying clearing company balancing lines. Displaying intercompany receivables and payables balancing lines. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger. 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. Comparing receivables and payables account balances and identifying discrepancies.
When defining a process based determining factor, which classes can you choose from? (Choose three) Document Accounting Registration Inventory Transaction Input Factor
Document Accounting Transaction Input Factor
In Oracle Financials Cloud, which of the following statements about Duty Role are true? (Choose two) Duty Roles represent logical groups of tasks that are performed in a job. Duty roles represent a job that you hire a worker to perform. Duty Roles are not assigned directly to users. You cannot create user defined duty roles.
Duty Roles represent logical groups of tasks that are performed in a job. Duty Roles are not assigned directly to users.
Configuration Owner Tax Options lets a configuration owner update default tax options on transactions that belong to a specific event class. Which three can you do at the configuration owner level? Specify item exceptions Enable or disable tax applicability Enforce tax from account Specify customer exemptions Set the default tax basis
Enforce tax from account Set the default tax basis Enable or disable tax applicability
which dunning delivery methods are available? 3 EDI XML Fax Email Regular mail
Fax Email Regular mail
Identify the dunning letter template set provided by an application. Choose one: Regular, Medium, Hard Soft, Regular, Hard Final Demand, Soft, Medium Regular, Final Demand, Medium
Final Demand, Soft, Medium
Which one is not part of the Foundation tax setups? Tax Simulation Tax Statuses Tax Tax Regime Fiscal Classifications Tax Rate
Fiscal Classifications
Which three interest rate calculation formula methods are supported in Receivables?(Choose three.) Choose: Flat Rate Simple Compound Average Declining Balance
Flat Rate Simple Compound
Which two statements are true about Accounting for Tax on Receivables?(Choose two.) Choose: -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 Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting. -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 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. -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 of the tax code.
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. -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.
Which four output file types are available when you run the "Print Receivables Transactions" program? Choose: HTML PDF Excel JPG Word Zipped PDFs
HTML PDF Excel Zipped PDFs
What role do you need to be provisioned to access the security console? Billing manager Security console admin it security manager application implementation consultant
IT Security manager
Which statement is true about Auto Accounting? Choose one: Auto Accounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice. If Auto Accounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield. AutoAccounting is set up at the Legal Entity level. You cannot override the default General Ledger accounts that Auto Accounting creates.
If Auto Accounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
What does a BI Publisher Data Model NOT contain? Aggregations Data Structures Calculations Images Parameters and Triggers
Images
A few transactions have resulted in an error during the AutoInvoice import process. Where should you navigate to correct these transactions? Choose one: Incomplete Infotile Create Transactions Page Import Exceptions Infotile Manage Transactions Page
Import Exceptions Infotile
Late charges can be generated separately for legal entities with overdue transactions. Which "Late Charge Type" can be used in connection with this feature? Choose one: Debit Memo Adjustment Interest Charge Invoice Penalty Charge
Interest Invoice Late Charge
Which two are Late Charge Calculation Methods? Choose: Late Payments Only Adjustment Overdue Invoices Only Credit Items and Disputed Transactions
Late Payments Only Overdue Invoices Only
You can use the tax implementation workbook to quickly setup tax details for managing taxes on transactions. Which three of the following are worksheets included in the Tax Implementation workbook? Manage Tax Rules Manage Tax Registrations Manage Tax Thresholds Manage Party Classifications Manage Tax Regimes Manage Tax Simulations
Manage Tax Rules Manage Tax Registrations Manage Party Classifications
A few transactions have resulted in an error during Autoinvoice import process. What should you use to correct these transactions? Choose one: File Based Data Import Incomplete Transactions Manage Transactions ADFDI
Manage Transactions
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement? Choose one: Modify the Invoice Print Layout Bill Presentment Template. Extend the "Print Receivables Transactions" program. Use Web Services to integrate with an external system that can handle this requirement. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
Modify the Invoice Print Layout Bill Presentment Template.
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. 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? Choose one: Net 30 (Enterprise Set), Net 45 (Enterprise Set) 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)
What is the impact on transactions of changing the billing cycle for a customer or group of customers? Choose one: Existing transactions with activity adapt the new billing cycle. Existing transactions with no activity retain the old billing cycle. The billing cycle does not have any impact on new transactions. New transactions after this change inherit the new billing cycle.
New transactions after this change inherit the new billing cycle.
which reporting tool uses AR subject areas to design ad hoc reports? financial reporting studio bi publisher OTBI smartview
OTBI
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. Choose one: Select the check box to enter the default business unit if it does not appear in the dropdown menu. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu. 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. 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.
What are custom infolets based on? Oracle Transactional BI Analyses Smart View queries Standard reports Financial Reporting Studio reports BI Publisher reports
Oracle Transactional BI Analyses
Which tools can be used to create an analysis? (Choose two) Oracle Transactional BI Answers BI Publisher Financial Reporting Studio BI Composer Smart View
Oracle Transactional BI Answers BI Composer
Oracle BI Layout Editor enables you to create and edit report layouts. What are the common elements of a layout? (Choose three) Page Layout: Portrait, Landscape, Header, and Footer Components: Charts, Pivot Tables, Data Tables, and so on Translation Data Model: Data Structure, Aggregations, and so on Properties: Bold, Italics, Fonts, and so on
Page Layout: Portrait, Landscape, Header, and Footer Components: Charts, Pivot Tables, Data Tables, and so on Properties: Bold, Italics, Fonts, and so on
Which four are tax determining factors? Procedure Party Place Process Platform Product
Party Place Process Product
Which two duties are included in the Accounts Receivable Specialist associated role?(Choose two.) Choose: Payment Settlement Management Duty Receipt Creation Duty Import Payables Invoices Duty Trading Community Hierarchy Management Duty
Payment Settlement Management Duty Receipt Creation Duty
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) Pending Approval b) Forwarded for Approval c) Pending Research d) Approval Required
Pending Approval
For which Payables Event classes can tax tolerances be set? (Choose three) Interest Invoices Prepayment Invoices Standard Invoices Expense Reports Debit Memos
Prepayment Invoices Standard Invoices Expense Reports
What are the three setup steps required to implement the Lockbox feature?(Choose three.) Choose: Receipt Sources credit card refunds Lockbox and Lockbox Transmission Formats late charges Receipt Classes and Receipt Methods
Receipt Classes and Receipt Methods Lockbox and Lockbox Transmission Formats Receipt Sources
What are the three setup steps required to implement the Lockbox feature? Receipt Sources Gapless Sequencing Lockbox and Lockbox Transmission Formats Receipt flags in the system options Receipt Classes and Receipt Methods
Receipt Sources Lockbox and Lockbox Transmission Formats Receipt Classes and Receipt Methods (gapless seq is optional)
Your customer may end up not paying a bills receivable after a risk has been eliminated on a closed bills receivable that was factored with recourse. Which two events occur When you re-establish the risk?(Choose two.) Choose: The status of the bill is updated to Completed. Receivables unapplied the receipt that was created when the bill was factored and applies the receipt to short-term debt. The customer's transaction status is changed to disputed and the bill is updated to a status of Protested. The status of the bill is updated to Protested. The status of the bill is updated to Matured Pending Risk Elimination.
Receivables unapplied the receipt that was created when the bill was factored and applies the receipt to short-term debt. The status of the bill is updated to Matured Pending Risk Elimination.
Which two items are required for customer invoicing?(Choose two.) Choose: Customer Profile Class Lockbox Remit-to-address Customers
Remit-to-address Customers
One of your 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? Choose one: Lockbox Process Automatic Receipt Process Remittance Process Clear Receipts Automatically Process
Remittance Process
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.) Choose: Revenue Contingencies Revenue Types Receivable Specialists Standard Memo Lines Collectors
Revenue Contingencies Standard Memo Lines Collectors
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? Choose one: Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again. Delete Contracts from the Manage Customer Contracts UI. Delete the source data that was imported into Revenue Management and import new source data. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI. 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.
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.
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? Choose one: Apply, reverse, or process the receipt. Search for open invoices on the Manage Transaction search page. Search for the information in the Review Customer Account Details user interface. Create an open debit memo.
Search for the information in the Review Customer Account Details user interface.
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? Choose: Select the Enable XML Invoicing Check Box for Relevant Transaction Classes Set Preferred Delivery Method to XML Set Preferred Contact Method to XML Set Preferred Delivery Methods to Email Select the Enable OAGIS 10.1 XML Format Check Box
Select the Enable XML Invoicing Check Box for Relevant Transaction Classes Set Preferred Contact Method to XML
you receive an accounting distribution requirement from your customer to derive department segment value based on the type of invoice being created. What is they required Auto- Accounting configuration to fulfill this requirement? Select the value source "transaction type" for the department segment. Select the value source "site" for the department segment. Select the value source "transaction source" for the department segment. Select the value source "standard lines" for the department segment. Select the value source "transaction class" for the department segment.
Select the value source "transaction type" for the department segment.
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? Choose one: Set the payment terms revenue recognition policy to look for Line First and TaxLater. Set the credit classification revenue recognition policy to look for Line First and Tax Later. 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. 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.
What are the three types of pricing bands that can be used to determine pricing dimensions? Choose: Set band Range band Quantity band Percentage band Amount band
Set band Quantity band Amount band
What is the name of the Work Area that is used to access Functional Setup Manager? Choose one: Customize Setup and Maintenance Customization Manager Functional Work Area Functional Setup Manager Setup and Maintenance
Setup and Maintenance
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? Choose one: 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" Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/ Task: "Manage Business Unit Set Assignment"
Which predefined dunning letter template is available in the Collections application? Choose one: Soft, Regular, Medium, Hard Soft, Medium, Hard, Final Regular, Medium, Hard, Difficult Regular, Medium, Hard, Easy
Soft, Medium, Hard, Final
When configuring table columns, which actions can you take directly from the table? (Choose three) Hide/Show Columns Sort Data Delete Columns Adjust Widths Reorder
Sort Data Adjust Widths Reorder
Identify two values that default from Customer Profile Classes.(Choose two.) Choose: Tax Legal Entity Statement Cycle Business Purpose Payment Terms
Statement Cycle Payment Terms
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.) Choose: System Options AutoMatch Rule Customer Receipt Method
System Options Customer
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.) Choose: System Options Customer Account Receipt Class Customer Site Receipt Method
System Options Customer Account Customer Site
What tax setup will allow you to submit tax returns in a format that groups taxable transactions by applying specific grouping rules defined by the tax authority? Tax Zones Configuration Owner Tax Options Tax Thresholds Tax Tolerances Tax Box Allocations
Tax Box Allocations
Which additional configurations are available in the Advanced tax model? (Choose three) Tax Condition Sets Tax Formulas Tax Registrations Tax Recovery Jurisdictions
Tax Condition Sets Tax Formulas Tax Registrations
Which three are reports based on the Tax Reporting Ledger? Tax Reconciliation Report 1099 Payments Report Tax Register Sales Tax Report US 1099 Report
Tax Reconciliation Report Tax Register Sales Tax Report
You can define a tax regime based on parts of a country or more than one country. Which setup will you use to achieve this? Tax Zone Tax Group Tax Consolidation Setup Compound Tax Setup
Tax Zone
Where are predefined BI Publisher reports submitted from? General Accounting Dashboard Financial Reporting Center Reports and Analytics The Enterprise Scheduler System (Scheduled Processes Page)
The Enterprise Scheduler System (Scheduled Processes Page)
Which two statements are true when you are using the Intercompany Reconciliation Process?(Choose two.) Choose: You need to submit the Extract Intercompany Reconciliation Data job. 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. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report. The Transaction Summary Report shows only transactions with a status of received. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature. You need to submit the Extract Intercompany Reconciliation Data job.
You have completed the period-end activities and set the receivables accounting period to Close Pending. Which statement is true? Choose one: Adjustments can be made even if the receivables accounting period is set to Close Pending. Adjustments can be made anytime regardless of the receivables accounting period value. The receivables accounting period can be re-opened when the period status is Close Pending and last minute adjustments can be made. After the receivables accounting period is set to Close Pending, it cannot be reopened and no further adjustments can be made.
The receivables accounting period can be re-opened when the period status is Close Pending and last minute adjustments can be made.
identify a valid reason for a Collector being unable to enter a dispute against a particular transaction. Choose one: The transaction date falls in a closed period. The transaction is partially paid. The transaction is an invoice. The transaction type is not associated with a credit memo type. The invoice is not closed.
The transaction type is not associated with a credit memo type.
Which statement is FALSE regarding the Tax Simulator? Choose one: 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.
To simulate the tax determination process, you need to use existing subledger transactions.
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. Choose one: Transaction Number Transaction Date Transaction Source Transaction Class
Transaction Number
What is the order used to group transaction lines during the AutoInvoice Import process? Choose one: Transaction Source, Customer Site Profile, Customer Account Profile, system options Transaction Source, Customer Account Profile, system options, Customer Site Profile System options, Customer Site Profile, Transaction Source, Customer Account Profile Transaction Source, Customer Account Profile, Customer Site Profile, system options
Transaction Source, Customer Site Profile, Customer Account Profile, system options
Once the Create Balance Forward Billing program determines the customer or customers, which transactions does it select for inclusion in the bill? Choose one: Transactions that have the Print Option set to Do Not Print Transactions that have a transaction source of type imported. Transactions that have the selected payment terms Transactions that were included in a previous balance Forward Bill
Transactions that have the selected payment terms
Which is NOT a valid Infotile in the Accounts Receivables Work Area? Choose one: Lockbox Exceptions Unapplied Credits Unapplied Receipts Unidentified Receipts Receipt Batches
Unidentified Receipts
Identify three activities that you can perform from the Collections Dashboard.(Choose three.) Choose: Update the work status of a work item for a delinquent customer. Assign a Collector to a delinquent customer. View the Total Amount Due for delinquent customers. Verify Customer Payments. 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. Assign a Collector to a delinquent customer. Record an activity to create a task or tasks to follow up on a delinquent customer.
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? Response: 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.
You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
FSM is a one stop planning to deployment application that provides 5 an option to set up username generation rules a set of comprehensive reports predefined guided functional areas export and import processes an option to define password policies a single place for the configuration of Oracle Cloud Applications guided processes
a set of comprehensive reports predefined guided functional areas export and import processes a single place for the configuration of Oracle Cloud Applications guided processes
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.) Choose: a credit memo line a debit memo line a purchasing item a standard memo line an inventory item
a standard memo line an inventory item
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? a) Mapping Set b) Supporting References c) Transaction References d) Description Rule
a) Mapping Set
Identify the receivables system option that relates to customers. a) Reciprocal Customer b) Receipt Method c) Default Country d) Automatic Site Numbering
a) Reciprocal Customer
Which two are rules applicable to issue of refunds? (Choose two.) a) You cannot refund more than either the original receipt amount or the remaining unapplied amount. b) You can refund receipts that were either remitted or cleared. c) You can issue a credit card refund to a customer who has made a cash payment. d) You can refund receipts that are factored.
a) You cannot refund more than either the original receipt amount or the remaining unapplied amount. b) You can refund receipts that were either remitted or cleared.
Which statement best describes stages In the credit review process? a) initiating a credit review, data collection, data analysis, making and implementing the recommendations b) defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow background process c) manually reviewing customers' past billing and payment history, initiating discussions with customers, and implementing recommendations d) manually initiating a review by sending out malls to customers requesting information, reviewing and making recommendations, and implementing recommendations after approval
a) initiating a credit review, data collection, data analysis, making and implementing the recommendations
what are the requirements for completing an invoice in AR? must have freight must have at least one line, or be freight invoice at the header level must have invoicing rule accounting date must be in an open or future period
accounting date must be in an open or future period must have at least one line, or be freight invoice at the header level
delivered OTBI report in AR? customer account status report adjustment register billing history report reversal status report
adjustment register
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? Choose one: only after manual intervention immediately after 60 days after 100 days
after 100 days
data point is a single piece of credit information pertaining to a customer. which are predefined data point categories?2 collection outstanding balance billing and payments aging
aging billing and payments
Where is the summary delinquency data displayed In the Collections Work Area? Aging Tab History Tab Transactions Tab Profile Tab
aging tab
which bank statement CM formats does oracle support? BAI2 EDIFACT ISO SWIFT
all
which is true about oracle tax provides a single solution for tax needs delivers tax services to all cloud application business flows provides a single source of truth for tax config and reporting provides a single integration point for 3rd part content providers all of the above none of the above
all of the above
which are sections of the News Feed home page layout? pick 2 Things to finish analytics watchlist favorites
analytics things to finish
how are distributions derived for an invoice? billing rules customer accounting rules transaction accounting rules invoice accounting ruels autoaccounting rules
autoaccounting rules
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _____________ Choose one: AutoLockbox receipt quick cash receipt automatic receipt miscellaneous receipt manual receipt
automatic receipt
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts?(Choose three.) Choose: by Item and time frame by Source Document and time frame by Quote Number and time frame by Source Document Line and time frame by Customer and time frame
by Item and time frame by Source Document and time frame by Source Document Line and time frame
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time? Choose one: by setting SM to "Allow Partial" and SMM to "Quantity" by setting SM to "Requires Complete" and SMM to "Percent" by setting SM to "Allow Partial" and SMM to "Period" by setting SM to "Requires Complete" and SMM to "Period" by setting SM to "Requires Complete" and SMM to "Quantity"
by setting SM to "Requires Complete" and SMM to "Quantity"
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? a) Sites 1, 2, and 3 activities will be included in a single bill. b) Sites 2 and 3 activities will be included in a single bill. c) Sites 1 and 2 activities will be included in a single bill. d) Sites 1 and 3 activities will be included in a single bill.
c) Sites 1 and 2 activities will be included in a single bill.
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard? a) A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector. b) Only a Collections Administrator can modify the strategy. c) The Collector can modify the strategy from the Profile > Strategies tab. d) The strategy can be modified from the Manage Customers page.
c) The Collector can modify the strategy from the Profile > Strategies tab.
Where is the summary delinquency data displayed on the Collections Dashboard? a) Activity tab b) Correspondence tab c) Profile tab d) Aging tab
c) aging tab
which of the following are FSM benefits? centralized setup guided process decentralized setup page composer tool
centralized setup guided process
which actions take place once a bankruptcy request is approved?3 collections activities are suspended delinquent transactions no longer appear in collections work area customer is deleted from TCM tables credit memos are created to close delinquent transactions customer shows a status of 'bankrupt'
collections activities are suspended delinquent transactions no longer appear in collections work area customer shows a status of 'bankrupt'
purpose of delivered subject areas for AR, subledger accounting and CM? to create invoices, journals and bank account transfers define personalized infotiles create OTBI reports build BI publisher reports
create OTBI reports
before you define a collector, you need to perform this required step define aging methods enter transactions complete dunning configs create individual as an employee
create individual as an employee
What are three functions of the Create Automatic Receipt Write-offs program?(Choose three.) Choose: scheduling periodic write-offs to occur in future periods creating write-offs for specific currencies and customers scheduling periodic write-offs as receipt adjustments for small remaining balances 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 limiting write-offs by a percentage of the original receipt amount
all credit reviews are initiated by creating a scoring model credit profile credit case folder data point
credit case folder
what happens after a dispute is approved? adjustment is created credit memo is created refund is initiated deduction is created
credit memo is created
which will default information onto a AR transaction? 3 customer invoice group transaction source pay group transaction type
customer transaction source transaction type
which component is assigned to a reference data set? customer account customer account site profile class party
customer account site
what are the predefined revenue contingencies? (3) customer creditworthiness doubtful collectability extended payment terms revenue scheduling bad debt forecast
customer creditworthiness doubtful collectability extended payment terms
There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.) a) Define receipt classes. b) Define receipt methods. c) Define receipt sources. d) Define AutoCash rule sets. e) Define application rule sets.
d) Define AutoCash rule sets. e) Define application rule sets.
Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice. a) Adjustment b) Earned discount c) Unearned discount d) Miscellaneous cash
d) Miscellaneous cash
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 the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy. b) The program allows table hierarchies for customer bank accounts, but not for other customer information. c) No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information. d) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information. e) The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
d) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
Several fields are required during manual Invoice entry. Which are the fields required at the header level? a) date, customer, source, type, GL date, legal entity b) date, legal entity, bill-to, source, type, class, remit-to c) terms, date, bill-to, source, legal entity, type, remit-to d) date, customer, source, type, General Ledger (GL) date, class e) date, source, class, type, GL date, legal entity, bill-to, terms, remit-to
d) date, customer, source, type, General Ledger (GL) date, class
What information does the Collector see in the Activities List area of the Collections Dashboard? a) customer's profile for each assigned customer b) customer search as per the parameter specified c) status of processing activities from the Process Monitor d) tasks assigned to the Collector, such as follow-up calls e) summary of aged transactions
d) tasks assigned to the Collector, such as follow-up calls
Which object can you NOT create by using Oracle Transactional Business Intelligence? dashboard custom infolet analysis data model
data model
what three are components of a business intelligence publisher report? Output data model subject area translation layout
data model translation layout (It will show the data model, so where the SQL to pull in the data from the database tables. The layout will give you the various different formats that you can normally customize. And the translation will give you which languages you can put that report into.)
CM allows you to define bank statement recon tolerance rules base on what criteria? date and amount date, amount, percentage amount only date only
date, amount, percentage
what is the purpose of an invoicing rule? to assign the correct tax code to the invoice to determine the total revenue to record in a period to auto identify the customer according to the specified criteria determine when to recognize the receivable if an invoice spans more than one accounting period
determine when to recognize the receivable if an invoice spans more than one accounting period
which two clearance methods are required in a receipt class setup if your customer intends to use Cash Management to reconcile receipts against bank statement lines? directly automatic clearing manual matching factoring
directly (NO, switches off reconciliation accounting) automatic clearing manual (no such thing) matching factoring (this is for remittance methods, not clearance)
what are the available submission modes for create accounting process 3 test draft complete final preliminary final /post
draft final final /post
Which three actions are facilitated through the Reconciliation Summary Report?(Choose three.) Choose: drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition drilldown to see reconciliation details and to make reconciling corrections drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition drilldown to see reconciliation details and to make reconciling corrections drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
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.
e) 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.
which is not valid when processing receipts manually in AR? enter chargeback / adjustment apply receipt to transactions create receipt manually / batch enter credit memo post to GL
enter credit memo
which is not an a valid value type? source mapping set account rule event class constant
event class
which of the setting below is not a User Preference? password favorites language regional
favorites
which component of the oracle cloud UI show the name of the user who is signed in? global area panel panel tabs section
global area
scoring formula data points are used in formulas to calculate a score given to customers. which logic do delivered data points follow average scores indicate better chance of collectability higher scores indicate better chance of collectability lower scores indicate better chance of collectability scores do not indicate chance of collectability
higher scores indicate better chance of collectability
which statement is true regarding collections global preferences? business unit specific ledger specific include correspondence settings impact the entire collections application
impact the entire collections application
which is not a bill management feature import customer data review AR transaction export outstanding transaction make online payments print individual transactions
import customer data
what are the main components in the user interface? 5 regional area infotiles area panel tabs header section panel global area
infotiles area panel tabs section panel global area
which documents can be printed using the layouts in BI publisher bill presentment templates? invoices, adjustment, debit memos, chargebacks, BFB invoices, credit memos, debit memos, receipts , BFB invoices,credit memos, debit memos, chargebacks, BFB
invoices,credit memos, debit memos, chargebacks, BFB
identify the setup step that is NOT relevant to the strategies feature define tasks set collections method create strategy group manage collections lookups
manage collections lookups
the credit management feature offers several benefits to your org. which statement is not a benefit of the credit management solution? manage the cash application process improve cash flow monitor and evaluate customer creditworthiness manage credit related data tailor credit policies
manage the cash application process
where do you navigate to view detailed or summary info about invoice, debit memos, and credit memos? manage customer page manage invoices page billing dashboard manage transactions page
manage transactions page
which two types of strategic tasks are available in Advanced Collections? A. Global B. Business Unit Specific C. Manual D. Case Folder E. Automatic
manual, automatic
what are the options available to create an invoice line? 3 adjustment line memo line statement line free text inventory item
memo line free text inventory item
which methods can be used to access setup tasks? 3 navigating to an implementation project directly searching for a task selecting setup tasks under a functional area using infolets using the security console
navigating to an implementation project directly searching for a task selecting setup tasks under a functional area
which statements is true about the account address set attribute on the customer master? 2 only BU with the same account address set will be able to use this customer the value in the attribute will determine whether the customer will be shared across different BUs customer account addresses cannot be shared across BUs only business units with a different account address set will be able to use this customer
only BU with the same account address set will be able to use this customer the value in the attribute will determine whether the customer will be shared across different BUs
which fields are found in the 'profile' class tab of the customer profile class page? 3 receipt method payment terms collector preferred contact method customer account contact
payment terms collector preferred contact method
which defaults can a profile class apply to a customer account site (4) remit to address credit class minimum refund amount payment terms collector preferred contact method
payment terms collector preferred contact method credit class
for collections --> which statement is not accurate in terms of payment processing? partial payments are allowed payments can be processed for delinquent transactions only collectors can add customer bank accounts overpayment of transactions is not allowed
payments can be processed for delinquent transactions only
what is the prerequisite for running AR to GL recon report? prepare the AR to GL recon program must be submitted first AR period must be closed Subledger to GL recon report must be submitted there is not prerequisite
prepare the AR to GL recon program must be submitted first
what types of ledgers can be defined in Oracle Financials Cloud? primary ledger subordinate ledger principal ledger secondary ledger reporting currency
primary ledger secondary reporting
which are the AR infotiles? transactions outstanding receipt batches unapplied receipts customer disputes
receipt batches unapplied receipts
which of the following is not a AR system option discount basis receipt handling for credits application exception rule set require salesperson minimum refund amount allow change to printed transactions
receipt handling for credits
Which three receipts can be automatically applied by a system?(Choose three.) Choose: receipts created in a lockbox and uploaded receipts that are unapplied miscellaneous receipts receipts that are manually created receipts created in a spreadsheet and uploaded
receipts created in a lockbox and uploaded receipts that are manually created receipts created in a spreadsheet and uploaded
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. Choose one: automatic receipts creation receipts creation in a spreadsheet manual receipt entry Lockbox receipts creation
receipts creation in a spreadsheet
which tabs are part of a case folder?2 credit profile recommendations customer account data points
recommendations data points
which features in AR helps you manage the creation of invoices on a cyclical basis for a fixed period of time recurring billing duplicate invoice copy invoice BFB
recurring billingq
organizations can share common setup data by using: setup data cannot be shared service providers reference data sets reference data rules business unit functions
reference data sets
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables __________. Choose one: leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run removes the pending sales credits removes the invoice line revenue contingencies leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
removes the invoice line revenue contingencies
which 3 tasks are performed by a credit analyst when using case folders? review customer credit scores update data point values define a credit profile approve a credit decision provide recommendations
review customer credit scores update data point values approve a credit decision
Where are custom infolets stored initially? infolet repository draft infoleft folder sandbox page composer
sandbox
where do you navigate to run the 4 bucket aging predefined report? BI catalog reports and analytics scheduled processes financial reporting center
scheduled processes
which activities can be performed in the credit reviews work area? 3 view customer payment info search case folders view info about case folders take action on a case folder define scoring models
search case folders view info about case folders take action on a case folder
which step is not relevant to receipt class setup clearance method settlement method remittance method require confirmation creation method
settlement method
BI Catalog is the user interface for Oracle Transactional Business Intelligence. It is organized in a hierarchy with folders at the top. Which are these folders? (Choose two) My Folders BI Folders Custom Folders Shared Folders Fusion Folders
shared folders my folders
what are the ways in which you can create receipts? 3 spreadsheet receipts auto receipts voucher receipts final receipts manual receipts
spreadsheet receipts auto receipts manual receipts
you have received a check for USD 2000 from your customer and want to enter the same in the application. which receipt type will you choose? standard receipt misc receipt prepayment receipt accrued receipt
standard 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? Choose one: 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 $100 USD, and an invoice total of $1,300 USD 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 $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
what does AR to GL recon provide? summary report only detail reports only summary and detail reports
summary and detail reports
t/f/ An Oracle Transactional Business Intelligence dashboard can include embedded content, such as a link to a webpage, spreadsheet, or document.
t
two methods are available to perform bank accoutn recon in cash management: manual and auto t/f
t
What information does the Collector see in the Activities List area of the Collections Dashboard? Choose one: customer's profile for each assigned customer tasks assigned to the Collector, such as follow-up calls customer search as per the parameter specified status of processing activities from the Process Monitor summary of aged transactions
tasks assigned to the Collector, such as follow-up calls
you can define a tax regime based on part of a country or more than one country, - what do you use to achieve this? tax zone compound tax setup tax consolidation setup tax group
tax zone
what happens when you 'complete' an AR transaction? 2 taxes are calculated subledger journal created payment is applied aging starts
taxes are calculated aging starts
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? Choose one: scheduled processes user application privileges system privileges customer contact information the employees who are involved with the collections process and how the collectors will be assigned
the employees who are involved with the collections process and how the collectors will be assigned
payment promises have statuses that indicate their condition. a payment promise with the status 'collectible' means: the promise date and amount were met payment was made on or before the promise date the payment promise is still open the promise date was not met
the payment promise is still open
how are address business purposes used in connection with customer accounts sites? to identify payment details such as bank accounts to define paying relationships to identify functions performed by a customer account site
to identify functions performed by a customer account site
why would you set a AR period to close pending? check for unposted transactions to prevent new transaction from being entered during the recon process to transfer accounting entries to GL to post unposted transactions
to prevent new transaction from being entered during the recon process
the settings in the AutoMatch rule set provide which of the following recommendations - customer - transaction - refund - write off
transaction customer
in AR, what happens after the invoice is marked complete? 4 transaction accounting is derived invoices can be printed customer balances are updated taxes are calculated the invoice is marked as paid the approval process is launched
transaction accounting is derived invoices can be printed customer balances are updated taxes are calculated
which are OTBI reports? 2 transaction register adjustment register generate late charges report AR open item revaluation report
transaction register adjustment register
what billing setup is responsible for assigning numbers to transaction? transaction type AA transaction source payment terms
transaction source
Where does Oracle Transactional Business Intelligence report from? Bi Catalog balances cube transactional tables and balances cube transactional tables
transactional tables and balances cube
what statements are true about the autoinvoice process? transactions are stamped with LE info lines that fail validation are deleted auto GL accounts are assigned using the autoaccounting setup transaction are transferred to GL
transactions are stamped with LE info GL accounts are assigned using the autoaccounting setup
Which two actions are processed by the Close Matured Bills Receivable program?(Choose two.) Choose: -unapplying the receipt from a short-term debt -applying the receipt to a factored bills receivable at maturity date plus the risk elimination days. The apply date is the bills receivable maturity date plus the number of risk elimination days. -applying the receipt to a standard or factored bills receivable at maturity date plus the risk clearing days. The apply date is the bills receivable issue date plus the number of risk elimination days. eliminating a risk on a standard and factored bills receivable -applying the receipt to a factored bills receivable at maturity date plus the risk elimination days. The apply date is the bills receivable issue date plus the numberof risk elimination days plus the lead days.
unapplying the receipt from a short-term debt applying the receipt to a factored bills receivable at maturity date plus the risk elimination days. The apply date is the bills receivable maturity date plus the number of risk elimination days.
how would you access the data in the transactions cube? writing and executing SQL queries using Smart View using account inspector running the cash in transit report
using Smart View
how can AR transactions (credit memo, debit memo, invoice) be imported from other applications (for example projects?) using autoinvoice using lockbox a customer program must be written transaction cannot be imported
using autoinvoice
Which option does Oracle recommend if you have unique or specialized reporting requirements that are not met by the predefined BI Publisher reports? using the BI Publisher Customize feature creating a copy of a report from the BI Catalog creating a new report
using the BI Publisher Customize feature
in oracle, the search panel is used to perform a search within the ports and analytics page the entire cloud application offering related to that page work area being used
work area being used
which item is not a delivered DSO metric? best possible DSO worst possible DSO true DSO sales weighted DSO DSO
worst possible DSO
are customer account sites assigned to BUs? no - only legal entities no - global yes - assigned to more than one yes - only 1 BU
yes - assigned to more than one