NEW QUESTION 1
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 2
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 3
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 4
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 5
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

• A. the extended SSP amounts for all performance obligations in the customer contract
• B. the SSP amounts for all performance obligations in the customer contract
• C. the selling price for all performance obligations in the customer contract
• D. the allocated amount for all performance obligations in the customer contract
• E. the billing amount for all performance obligations in the customer contract

Answer: E

NEW QUESTION 6
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 7
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

• A. Pending My Research
• B. Pending Approval From Managers
• C. Pending Approval
• D. Pending My Approval
• E. Approved

Answer: AD

NEW QUESTION 8
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 9
Which two are rules applicable to issue of refunds? (Choose two.)

• A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
• B. You can refund receipts that were either remitted or cleared.
• C. You can issue a credit card refund to a customer who has made a cash payment.
• D. You can refund receipts that are factore

Answer: AB

NEW QUESTION 10
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) ______.

• A. miscellaneous receipt
• B. quick cash receipt
• C. manual receipt
• D. automatic receipt
• E. AutoLockbox receipt

Answer: D

NEW QUESTION 11
Which two statements are true about Accounting for Tax on Receivables? (Choose two.)

• A. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
• B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
• C. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
• D. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
• E. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.
• F. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.

Answer: CE

NEW QUESTION 12
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 13
There are a few customers that you do not want to send dunning letters to. How would you exclude these customers from dunning?

• A. Disable Send Dunning Letter in Transaction Source Type.
• B. Disable Send Dunning Letter on the Correspondence tab.
• C. Disable Send Dunning Letter in Collections Preferences.
• D. Disable Send Dunning Letter on the Profile tab.
• E. Disable Send Dunning Letter in Transaction Typ

Answer: D

NEW QUESTION 14
You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

• A. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
• B. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
• C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
• D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
• E. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
• F. The customer does not have the default strategy and default collector assigned at the customer account and site level.

Answer: CE

NEW QUESTION 15
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 16
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