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NEW QUESTION NO: 10
Identify three activities that you can perform from the Collections Dashboard.
A. Verify Customer Payments.
B. Assign a Collector to a delinquent customer.
C. View the Total Amount Due for delinquent customers.
D. Record an activity to create a task or tasks to follow up on a delinquent customer.
E. Update the work status of a work item for a delinquent customer.
Answer: B,C,E
Explanation/Reference:
Explanation:
B: Use the Manage Resources page, the Collections Dashboard, for the following:
Assign collectors to new or different customers
Reassign collectors to all or selected customers
Assign backup collectors to cover for absent collectors
C: The Collections Manager Dashboard enables insight into advanced metrics, known as Key Performance Indicators. This provides you the ability to understand the financial health of your customers and effectiveness of your collections organization. Using this information you can strategically allocate collections resources more effectively.
E: Use the Update Work Status feature in the Collections Dashboard to allow your collectors or collectors group to view their delinquent customers work and update their work items status.
References: https://docs.oracle.com/cloud/latest/financialscs_gs/FAOFC/FAOFC1478662.htm

NEW QUESTION NO: 11
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
A. New transactions after this change inherit the new billing cycle.
B. Existing transactions with activity adapt the new billing cycle.
C. Existing transactions with no activity retain the old billing cycle.
D. The billing cycle does not have any impact on new transactions.
Answer: A
Explanation/Reference:
Explanation:
If you change the billing cycle for a customer or group of customers, transactions entered after the change inherit the payment terms attached to the new billing cycle, but existing transactions retain the old payment terms.
References: https://docs.oracle.com/cloud/latest/financialscs_gs/FAOFC/FAOFC1479507.htm

NEW QUESTION NO: 12
Which three work areas and tasks are reviewed before closing a period? (Choose three.)
A. the Billing work area for incomplete invoices and adjustments that need approval
B. the Revenue Adjustments work area to apply customer payments that are awaiting contingencies
C. the Revenue Adjustments work area for contingencies that affect revenue recognition
D. the Receivables Balances work area for unapplied payments and on-account credit memos
E. the Receivables Balances work area for adjustments that need approval
Answer: A,C,D

NEW QUESTION NO: 13
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
A. Declining Balance
B. Average
C. Flat Rate
D. Simple
E. Compound
Answer: C,D,E
Explanation/Reference:
Explanation:
The interest calculation formulas are flat rate, simple and compound.
Note: The interest calculation formulas are:
Flat Rate: Use a flat rate to calculate the late charge amount. Receivables ignores the number of days that a payment is overdue. If you use balance forward billing and the average daily balance calculation method, then this is the calculation formula used. The formula is:
Amount Overdue * (Interest Rate/100)
Simple: Calculate late charges on overdue transactions only. If you use interest tiers and charge schedules to create late charges and penalties, then this is the calculation formula used. The formula is:
Amount Overdue * (Interest Rate/100) * (Number of Days Late/Number of Days in Period) Compound: Calculate late charges on the sum of overdue transactions and prior late charges. The formula is:
(Amount Overdue + Prior Late Charges) * (Interest Rate/100) * (Number of Days Late/Number of Days in Period) References: https://docs.oracle.com/cd/E37583_01/doc.1116/e22896/F455009AN181AF.htm

NEW QUESTION NO: 14
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.)
A. Customer Site
B. Customer Account
C. Receipt Method
D. Receipt Class
E. System Options
Answer: A,B,E
Explanation/Reference:
If transactions cannot be matched or transaction information is not available, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.
If none of the rules in the AutoCash rule set apply, Receivables places the remaining amount either unapplied or on-account, depending on the setting of the Remaining Remittance Amount option on the AutoCash rule set.
References: http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20375/F569967AN5E21B.htm

NEW QUESTION NO: 15
Your customer has three sites defines 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 1 and 2 activities will be included in a single bill.
C. Sites 1 and 3 activities will be included in a single bill.
D. Sites 2 and 3 activities will be included in a single bill.
Answer: B
Explanation/Reference:
Explanation:
Account-level balance forward billing lets you send one bill for each operating unit of an account to the primary bill-to site of the account, instead of a separate bill for each site. You need not set all sites under an account for balance forward billing.
Note: You must enable balance forward billing for a customer both at the account and site profile level in order for Receivables to pick any transactions of the customer. If balance forward billing is enabled at the site profile level but not at the account profile level, the application does not recognize the site as a balance forward billing site. Although transactions for the site continue to inherit the balance forward billing payment term, Receivables never picks them up.
References: https://docs.oracle.com/cd/E18727_01/doc.121/e13510/T447343T454904.htm

NEW QUESTION NO: 16
What is the name of the Work Area that is used to access Functional Setup Manager?
A. Functional Work Area
B. Functional Setup Manager
C. Customization Manager
D. Setup and Maintenance
E. Customize Setup and Maintenance
Answer: D
Explanation/Reference:
Explanation:
The Setup and Maintenance work area offers you the following benefits:
Prepackaged lists of implementation tasks
Task lists can be easily configured and extended to better fit with business requirements. Auto-generated, sequential task lists include prerequisites and address dependencies to give full visibility to end-to-end setup requirements of Oracle Fusion applications.
Rapid start
Specific implementations can become templates to facilitate reuse and rapid-start of consistent Oracle Fusion applications setup across many instances.
Comprehensive reporting
A set of built-in reports helps to analyze, validate and audit configurations, implementations, and setup data of Oracle Fusion applications.
References: http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm

NEW QUESTION NO: 17
A Billing Specialist has created and completed an invoice for $100 USD for Customer A.
The Specialist prints the invoice and realizes that the invoice should have been created for Customer B, the accounting for the transaction for Customer A is posted to the General Ledger.
How can this be corrected?
A. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
B. Change the status of the invoice to Incomplete and enter a new Invoice for Customer B.
C. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer
D. 
E. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
Answer: C
Explanation/Reference:
Explanation:
The Receivables On-Account Credit Memo Refund Service SDO is the service that refunds a customer account by creating an on-account credit memo.
References: https://docs.oracle.com/cloud/farel10/financialscs_gs/OESWF/Receivables_On- Account_Credit_Memo_Refund_Service_SDO_OnAccountCreditMemoRefund_svcDataObj_87.htm#oracl e.apps.financials.receivables.transactions.creditMemos.creditMemoService.OnAccountCreditMemoRefund

NEW QUESTION NO: 18
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. Two Bills Receivable transactions are created with the issue date and accounting date as January 29,
2015 and January 31, 2015, respectively.
B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2,
2015.
C. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
D. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
E. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March
30, 2015.
F. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January
31, 2015.
Answer: E
Explanation/Reference:
Explanation:
Oracle Receivables treats a bill receivable as a separate transaction.
Issue Date is the date that the bill was first issued.
Maturity Date is the date when full payment is due on the bill.
Incorrect Answers:
A, C, F: Oracle Receivables treats a bill receivable as a separate transaction.
References: https://docs.oracle.com/cd/E18727_01/doc.121/e13522/T355475T355479.htm

NEW QUESTION NO: 19
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)
A. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
B. Payment schedules are created using the payment terms specified.
C. The invoice is sent for a dunning follow-up.
D. The invoice can now be printed.
E. The invoice is eligible for transfer to the General Ledger.
Answer: B,D,E
Explanation/Reference:
Explanation:
B: When you complete an invoice, Receivables creates payment schedules based on the payment terms and invoice date you specified.
Incorrect Answers:
A: When you complete an invoice, Receivables includes the invoice in the standard aging and collection process if the transaction type has Open Receivables set to Yes. If you change the transaction type of a completed invoice to a type in which Open Receivable is set to No, Receivables no longer includes this invoice in the standard aging and collection process.
References: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/transa17.htm

NEW QUESTION NO: 20
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.)
A. System Options
B. Customer
C. Receipt Method
D. AutoMatch Rule
Answer: A,B
Explanation/Reference:
Explanation:
Receivables searches for a Match Receipt By value, not Receipt Match By Value, to use for comparison in the order customer site, customer account, lockbox (for lockbox processing) and system options.
References: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113010AN18821.htm

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