NEW QUESTION 1
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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

• A. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
• B. by defining a grouping rule on the customer class
• C. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
• D. by defining an item group and assigning that to the rule
• E. by defining an exclusion rule to exclude customer classes that are "Retail"

Answer: A

NEW QUESTION 2
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.)

• A. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
• B. Customer Japan can pay its own transactions.
• C. Customer USA can pay for Customer West and its own transactions.
• D. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
• E. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.

Answer: BCD

NEW QUESTION 3
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.

Answer: D

NEW QUESTION 4
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?

• A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
• B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
• C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
• D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
• E. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
• F. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.

Answer: C

NEW QUESTION 5
Which two items are required for customer invoicing? (Choose two.)

• A. Lockbox
• B. Customers
• C. Remit-to-address
• D. Customer Profile Class

Answer: BD

NEW QUESTION 6
Identify two late charge interest calculation methods. (Choose two.)

• A. Previous Balance
• B. Adjusted Balance
• C. Overdue Transactions only
• D. Average Daily Balance

Answer: CD

NEW QUESTION 7
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?

• A. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
• B. Delete the source data that was imported into Revenue Management and import new source data.
• C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
• D. 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.
• E. Delete Contracts from the Manage Customer Contracts U

Answer: D

NEW QUESTION 8
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

• A. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
• B. The payable options and the receivable system options should have the same tax application options.
• C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
• D. First enter a payable transaction to calculate tax and then enter the receivable transaction.
• E. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
• F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

Answer: BF

NEW QUESTION 9
Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

• A. Debit Memo
• B. Deposit
• C. Charge Back
• D. Credit Memo
• E. Guarantee

Answer: AD

NEW QUESTION 10
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

• A. Average
• B. Flat Rate
• C. Declining Balance
• D. Simple
• E. Compound

Answer: BDE

NEW QUESTION 11
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?

• A. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
• B. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
• C. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
• D. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
• E. Set the payment terms revenue recognition policy to look for Line First and Tax Late

Answer: C

NEW QUESTION 12
To meet the business needs of most organizations, “Common Set” is seeded InFusion for all set-enabled objects with the exception of ________.

• A. AutoMatch Rule Sets
• B. AutoCash Rules
• C. Revenue Scheduling Rules
• D. Customer Site
• E. Aging Methods

Answer: D

NEW QUESTION 13
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits.
What would be the result?

• A. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
• B. The program can be run only if the amount is within the Billing Specialist's approval limits.
• C. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
• D. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.

Answer: A

NEW QUESTION 14
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?

• A. scheduled processes
• B. system privileges
• C. user application privileges
• D. the employees who are involved with the collections process and how the collectors will be assigned
• E. customer contact information

Answer: D

NEW QUESTION 15
Which three receipts can be automatically applied by a system? (Choose three.)

• A. receipts that are unapplied
• B. receipts created in a spreadsheet and uploaded
• C. miscellaneous receipts
• D. receipts that are manually created
• E. receipts created in a lockbox and uploaded

Answer: CDE

NEW QUESTION 16
The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.

• A. Transaction Class
• B. Transaction Number
• C. Transaction Source
• D. Transaction Date

Answer: B

NEW QUESTION 17
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?

• A. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
• B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
• C. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
• D. You can select only a Closed accounting perio

Answer: C

NEW QUESTION 18
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.)

• A. Collectors
• B. Standard Memo Lines
• C. Revenue Types
• D. Receivable Specialists
• E. Revenue Contingencies

Answer: BCE

NEW QUESTION 19
Which statement is true about Balance Forward Billing?

• A. Balance Forward Bills must be enabled at each bill-to-site level.
• B. Balance Forward Bills can be created for a future date.
• C. Transactions included on a Balance Forward Bill can be updated.
• D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

Answer: A

NEW QUESTION 20
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.

• A. Business unit is not a required option on the Parameters tab to run the delinquency process.
• B. Only business units that the user has access to will appear in the list of value
• C. Modify the security options to provide access to the user.
• D. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
• E. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

Answer: B

NEW QUESTION 21
What validation step is required for implementing dispute processing?

• A. The Recognize Revenue Program is scheduled.
• B. BPM Work List for approval configuration is validated.
• C. Periods for which the transaction can be disputed are Open.
• D. All transactions are of the invoice typ

Answer: B

NEW QUESTION 22
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

• A. Create a new reference data set for account addresses and assign it to the business units.
• B. Assign a COMMON reference data set to the business units, which share the account addresses.
• C. Assign an enterprise reference data set to the business units, which share the account addresses.
• D. Create a separate reference data set for each business unit and assign it to each uni

Answer: B

NEW QUESTION 23
What is the impact on transactions of changing the billing cycle for a customer or group of customers?

• A. The billing cycle does not have any impact on new transactions.
• B. Existing transactions with no activity retain the old billing cycle.
• C. Existing transactions with activity adapt the new billing cycle.
• D. New transactions after this change inherit the new billing cycl

Answer: D

NEW QUESTION 24
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