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
Which three receipts can be automatically applied by the "Apply ReceiptsUsing AutoMatch" process?
A. Receipts that are manually created.
B. Miscellaneous receipts.
C. Receipts created from a lockbox and uploaded.
D. Receipts created in a spreadsheet and uploaded.
E. Receipts with unapplied amounts.
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
A. Use the Customer Data Exceptions spreadsheet.
B. Use the Customer Payment Method Exceptions spreadsheet.
C. Troubleshoot Inthe Manage Customers page.
D. Correct error and resubmit the batch.
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
Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue splitbetween the four sales persons?
A. 38.34 : 48.34 : 8.32 : 5
B. 35: 45 : 5: 5
C. 38: 47.5: 9.5: 5
D. 40: 50: 5: 5
As a consultant, you have builtthe following Scoring model in Advanced Collections: If a customer has 10 past due transactions and an amount overdue of $125, what is the calculated score?
A. 55
B. 25
C. 100
D. 50
E. 45
Which two statements are true about configuring Collection Strategies?
A. You need to create Scoring Formulae (or usepredefined Scoring Formulas).
B. You need to define an Aging Method that meets the requirements of your organization.
C. You need to SGI the (Collections Method to Strategies for the relevant business unit.
D. You need to create Strategy Tasks of the type "Automatic" only.
When importing Receivabletransactions into Fusion Receivables, the Autoinvoice log gives the error message "Error: Item validation org not set up for the BU."
What action should you take to solve the issue?
A. Set up Item validation organization in Inventory Item.
B. Validate the Item validation organization in inventory Org.
C. Set up Item validation organization in Inventory Org.
D. Set up Item validation organization in Receivables System Options.
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 Later.
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 theOracle 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 specificallyprohibits 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.
