Question 1
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the
Transactions window.
What are the three results of this action?
Answer:
A. The invoice can now be printed.
C. The invoice is eligible for transfer to the General Ledger.
D. The payment schedules are created using the payment terms specified.
Question 2:
Your organization has decided to use the Portal Upload delivery method for some of their
customers.
You will be using this in place of other options, such as Print Email, or XML to deliver customer
invoices.
Which step must be performed in the system to deliver transactions to your customers by using
the
Portal Upload method
Answer :
C. Select Portal Upload as a delivery method on Customer Profile under Invoicing.
Question : 3
Each time that you run AutoInvoice, the process generates a list of records that fail validation.
Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)
B. using the Manage Auto Invoice Lines task.
D. Using the Import Exceptions Infotile
Question 4
When deciding how to set up the system to recognize revenue, it is important to understand the
extent of
revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the
contingency?
Answer
. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually
accepted (explicit
acceptance), before the contingency can be removed and revenue recognized.
E. Pre-billing customer acceptance clauses require the recording of customer acceptance in the
feeder system,
or its expiration, before importing into Receivables for invoicing. Customer acceptance or its
expiration must
occur before the contingency can be removed and the order can be imported into Receivables
for invoicing
Question 5
Your customer receives their invoices via the XML delivery method. They want to receive billing
transactions for specific sites only. Now you have been tasked with creating a very focused
delivery
method of XML transactions for this customer site that should be receiving the invoice.
To define this setup, you must add a new lookup code to the AR Features lookup type in the
Manage
Receivables Lookups task. Which lookup code would you use
Answer :
B.AR_XML_INVOICE_ENHANCED
Question 6:
Your organization is looking to adopt a flexible approach to control the creation of claims
investigation when the lockbox files contain invalid positive remittance references. This feature
helps manage lockbox files that encounter invalid transaction numbers for receipts with
customer assignment.
When this option is enabled in the Manage Receivables System Options task, which process
must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction
referenced?
Answer :
Process Receipts through Lockbox
Question 7 :
upon approval of a remittance batch of type 'Factored with Recourse,' the Receivables
application creates.
a receipt and establishes risk.
How does Receivables establish risk?
answer
D. by recording short-term debt.
question 8:
Which three receipt types can be reversed in the Cloud? (Choose three.)
A. Invoice-related receipts
C. Miscellaneous receipts
E. Credit card chargebacks posted to GL.
question 9:
After creating Receivable Activities using the General Ledger Rapid Implementation workbook
upload process, a Receivable Manager wants to review and make changes if required, to the
account assignments created for these Receivable Activities.
Which two Receivable Activities do not have account assignments to review and change?
(Choose two.)
A. Unearned Discounts
B. Earned Discounts
C. Debit Memo Reversal
D. Miscellaneous Receipt
E. Adjustment Activities
answer
E. Adjustment Activities
D. Miscellaneous Receipt
question 10:
You are reviewing the balance forward bill Infotile on the account overview page in bill
management and the infotile is only displaying balance for (text missing)
How can you increase the no of months to view past balance forward bills?
A. use receivables system options
B. add the number of monthsas a value for the BILL_MANAGEMENT lookup code
C. use the threshold view of balance formward bill infotile
D. use bill management system options.
D. Use Bill management system option
exp In the Transaction and Payment Processing section, select transactions history in months,
aging method, and maximum future payment days allowed.
question 11:
you create a new enterprise structure in the cloud for a single country in the structure then
named in the legal entities in a single ledger.
when assigning the regiment to parties what should you do to share all setup for tax
Ans
D. assign both BUs to global configuration
Question 12:
You are asked to amend sub ledger accounting and reporting to include origin and history of
receivables transactions.
Which three event attributes should be used?
a. Transaction number of amendments
b. Transaction creation date
c. Transactions created by
d. Transactions last update date
e. Transaction type of update
ans
a. Transaction number of amendments
d. Transactions last update date
e. Transaction type of update
DOUBT
Question 13:
when entering the customer import approach spreadsheet which two columns if populated with
null will remove the existing values on loading
answer
Credit limit
Credit review cycle
question 14:
As an implementer, while importing date from the legacy/third party system, you forgot to
populate the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL
What happens when you run accounting?
ans
D. Invoice will be created, and the system will use auto accounting configuration to create
accounting.
When passing GL distributions, AutoAccounting will be used to derive the GL accounts of all
accounting distributions that are not explicitly provided in
RA_INTERFACE_DISTRIBUTIONS_ALL. If a value is passed through the interface,
AutoAccounting is not invoked.
question 15
which flexfields are required to be used by auto invoice to identify transactions and transaction
lines, if you load
the interface using a customized form?
ans
Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to
transaction flexfield
Question 16
The Auto Accounting rule for the Revenue account is defined as follows: When entering a
manual invoice, the revenue account code combination is incomplete with the Department
segment left blank.
Which are the three reasons for this in oracle fusion?
a. sales person is not required on the transaction and its left blank
[Link] sales credit person has no reference accounts.
c. revenue reference accounts were entered for all salespersons.
d. transaction type was defined as overapplication set to yes but post to Gl set to no
e. revenue reference accounts to sale person were not defined for the transaction business unit
Ans
a, b, e
Question 17
You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit
subtab, you notice
the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is a Nonrevenue Allocation?
A. sales credits associated to deferred revenue
B. sales credit allocation based on billing corrections
C. sales credit reversals due to credit memo creation
D. additional incentive-based sales credits
Ans
D. additional incentive-based sales credits
Non-revenue sales credits refer to additional revenue above the transaction or transaction line
amount allotted to a salesperson unrelated to the sale itself, for example, a sales bonus.
question 18
The client has implemented automatic revenue recognition using Revenue Polity Definitions.
The payment term threshold of 150 days has been entered in the revenue policy. An invoice of
$5,000 is imported with payment term that has four equal installment terms.
Net 60, Net 90, Net 120, Net 180
What is the revenue that would be deferred in this case?
Ans
$5,000
EXPLANATION:
Use the Payment Terms Threshold column to enter the maximum time period in days before
payment terms become extended.
When you enter or import a transaction with payment terms or an installment schedule that
exceeds the payment terms policy, Receivables:
Assigns the Extended Payment Term contingency to the transaction.
Defers revenue on the entire transaction.
Recognizes revenue on the transaction only to the extent of payments received.
For example, you enter a payment terms threshold of 180 days on your revenue policy, and you
later enter or import an invoice with payment terms that have four installments:
Net 60
Net 90
Net 120
Net 200
Receivables defers the entire revenue amount on the invoice because the last installment
exceeds the 180-day threshold by 20 days.
yet to record original question original question answer 2000
question 19
It has been decided while be making payments through lock box one customer can pay for
another customer which Two will help achieve this?
a. Define a business purpose of invoice to each customer address
b. define a relationship between two custom accounts
c. define a netting agreement between two custom accounts
d. select the allow payment of unrelated transactions receivable system options
e. define and share a cash pool bank account between the customers
relationship between two customer accounts
select Allow Payment of Unrelated Invoices to Yes. See: Defining Receivables System Options
Question 20
When defining the receipt under method for automatic processing, the business requirement is
to produce the minimum number of payments. Which receipt rule should you define?
a. One per customer
b. One per site per due date
c. One per customer per due date
d. One per invoice
a. One per customer
question 21
You are investigating the Receivables to General Ledger Reconciliation Report and must
explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report? (Choose two.)
A. Tax Variance
B. Intercompany Variance
C. Accounting Variance
D. Receivables Variance
C. Accounting Variance
D. Receivables Variance quizlet
There are two types of variance amounts: receivables variance and accounting variance
[Link]
[Link]#s20033658
question 22
collection strategies can be executed based on the wait times defined on the strategy [Link] the
future is enabled you can do
which condition must be set for transaction level when defining a new strategy task by
transaction type in oracle fusion?
[Link] late
[Link] applicable
[Link] early
[Link]
answer
[Link] late
question 23
In Advanced Collections, scoring formulas are used to effectively manage your collection
activities and strategies. Scoring formulas contain data points that help determine the
collectability of your outstanding balances. To determine the number of days passed since the
last payment was received.
from a customer, you can use the Age of Latest Payment data point. At which details?
A. Customer
C. Site
D. Account
E2Q12
The Multifund Accounting feature supports detailed distributions for invoices with revenue
recognition rules. For a customer invoice with the distributions below:
Which unearned revenue accounting entries will the feature generate?
A. Credits of $900 and $600 for companies 01 and 02 respectively
B. Credits of $900 and $500 for companies 01 and 02 respectively
C. Debit of $900 and credit of $500 for companies 01 and 02 respectively
D. Credit of $900 and debit of $500 for companies 01 and 02 respectively
E. Debits of $900 and $500 for companies 01 and 02 respectively
E2Q13
You are an its contractor for a client who wants to increase internal controls on bank accounts
set up in the cash management application. According to these new policy
a cash management's ability to add, must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
a)Cash managers cannot create but only manage bank accounts for those legal entities to
which they are given access
b)cash managers can only create but not manage bank accounts for those legal entities to
which they are given access
c)cash managers can create and manage bank accounts for only those legal entities to which
they are given access
d)cash managers can create and manage bank accounts for only those business units to which
they are given access
Cash managers can create and manage bank accounts with their business unit.
E2Q14
which two statements are true regarding the predefine transaction source used to configure the
cpq cloud or receivable integral service oracle fusion
a)It managers the transfer of transaction information from CPq cloud to auto invoice interface
tables
b) it managers the call back service to send receivable transaction information to cpq cloud after
the transaction are created
c) it managers the transfer of transaction information from cpq cloud to the receivable
application tables
d) it manage the call back service to send cpq transaction information to order management
after the transaction are created
e)it manages the transfer of transaction information from order management to the auto invoice
interface tables
a&b
E2Q15
Which flexfields are required to be used by auto invoice to identify transactions and transaction
lines, if you load the interface using a customized form?
A. Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield
B. Line-level transaction flexfield, Header-level transaction flexfield
C. Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to
transaction flexfield
D. Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield
option c
E2Q16
Which three RECEIVABLE interface tables are populated for BILLING data coming from Oracle
cloud or third party applications ?
are interface lines all are interface sales credits all are interface trx all are interface distribution
all are interface sare customer care Excel
RA_INTERFACE_LINES_ALL
RA_INTERFACE_SALESCREDITS_ALL
RA_INTERFACE_DISTRIBUTIONS_ALL
E2Q17
You have been challenged by the Implementation team to configure AutoAccounting for the
Revenue Account
Type.
From which three tables can the segment value be defaulted? (Choose three.)
A. Taxes
B. Ship to site
C. Standard Lines
D. Transaction Types
E. Salesperson
C. Standard Lines
D. Transaction Types
E. Salesperson
E2Q18
You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit
subtab, you notice
the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is a Nonrevenue Allocation?
A. sales credits associated to deferred revenue
B. sales credit allocation based on billing corrections
C. sales credit reversals due to credit memo creation
D. additional incentive-based sales credit
Ans d
