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| Section | Objectives |
|---|---|
| Topic 1: Configuring Common Receivables | - Configure Cash Management - Configure Receivables - Configure Sub Ledger Accounting - Integrate Receivables with other applications - Configure Receivables using Rapid Implementation - Configure and import customers - Configure Tax |
| Topic 2: Configuring Customer Payments | - Configure and manage Automatic Receipts and Funds Capture - Configure and manage Customer Receipts - Configure and manage Lockbox |
| Topic 3: Reporting for Account Receivables and Advanced Collections | - Generate account receivables reconciliation - Report with Business Intelligence Publisher (BIP) - Report with Oracle Transactional Business Intelligence (OTBI) |
| Topic 4: Configuring and Using Advanced Collections | - Configure advanced collections - Manage collections activities - Design and use scoring strategies |
| Topic 5: Configuring Bill Management | - Configure and use Oracle Bill Management |
| Topic 6: Configuring Customer Billing | - Manage resources, salesperson, sales credits, and salesperson account references - Configure revenue for Receivables - Manage AutoInvoicing - Manage AutoAccounting - Manage transaction types, transaction sources, Items, and memo lines |
| Topic 7: Managing Customer Billing | - Manage transaction printing - Manage AutoInvoice corrections - Manage the AutoInvoice process - Calculate transactional tax - Create and process transactions |
| Topic 8: Processing Customer Payments | - Create and process bills receivables remittances - Create and process receipts - Create and process receipt exceptions |
1. 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?
A) collection days
B) risk elimination days
C) short-term debt clearing days
D) clearing days
E) lead days
F) recall days
2. Which three receipts can be automatically applied by a system? (Choose three.)
A) miscellaneous receipts
B) receipts created in a lockbox and uploaded
C) receipts that are manually created
D) receipts that are unapplied
E) receipts created in a spreadsheet and uploaded
3. Identify two late charge interest calculation methods. (Choose two.)
A) Average Daily Balance
B) Overdue Transactions only
C) Adjusted Balance
D) Previous Balance
4. Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?
A) by using the correct Customer Data spreadsheet
B) by importing the correct data by using a new spreadsheet upload
C) by using the correct Customer Payment Method spreadsheet
D) by using the Customer Import Interface work area
5. 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?
A) state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
B) state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
C) state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 US
D) state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
E) state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B,C | Question # 3 Answer: A,B | Question # 4 Answer: C | Question # 5 Answer: D |
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