NEW QUESTION 1
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

• A. The Implementation Project is preconfigured and cannot be deleted or changed.
• B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.
• C. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
• D. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
• E. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

Answer: E

NEW QUESTION 2
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 $16.67 USD, and an invoice total of $1,184.34 USD.
• B. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
• C. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
• D. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
• E. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.

Answer: E

NEW QUESTION 3
The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______.

• A. automatic receipts creation
• B. receipts creation in a spreadsheet
• C. manual receipt entry
• D. Lockbox receipts creation

Answer: B

NEW QUESTION 4
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

• A. The Transaction Summary Report shows only transactions with a status of received.
• B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
• C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
• D. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
• E. You need to submit the Extract Intercompany Reconciliation Data jo

Answer: CD

NEW QUESTION 5
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 6
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)

• A. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
• B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
• C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
• D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
• E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.

Answer: CD

NEW QUESTION 7
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

• A. by setting SM to "Requires Complete" and SMM to "Period"
• B. by setting SM to "Allow Partial" and SMM to "Percent"
• C. by setting SM to "Allow Partial" and SMM to "Period"
• D. by setting SM to "Requires Complete" and SMM to "Quantity"
• E. by setting SM to "Requires Complete" and SMM to "Percent"

Answer: CE

NEW QUESTION 8
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user’s approval limit.
What is the status of the adjustment?

• A. Pending Approval
• B. Forwarded for Approval
• C. Pending Research
• D. Approval Required

Answer: A

NEW QUESTION 9
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.

• A. Earned revenue will be debited for $50 USD.
• B. Unearned revenue will be credited for $100 USD.
• C. Earned revenue will be credited for $50 USD.
• D. Unearned revenue will be debited for $50 US

Answer: C

NEW QUESTION 10
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)

• A. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
• B. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicin
• C. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
• F. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

Answer: BC

NEW QUESTION 11
Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.

• A. The invoice is not closed.
• B. The transaction is partially paid.
• C. The transaction type is not associated with a credit memo type.
• D. The transaction date falls in a closed period.
• E. The transaction is an invoic

Answer: C

NEW QUESTION 12
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

• A. Mapping Set
• B. Supporting References
• C. Transaction References
• D. Description Rule

Answer: B

NEW QUESTION 13
Your customer has three sites defined 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 2 and 3 activities will be included in a single bill.
• C. Sites 1 and 2 activities will be included in a single bill.
• D. Sites 1 and 3 activities will be included in a single bil

Answer: C

NEW QUESTION 14
The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this. (Choose three.)

• A. receipt reversal
• B. clearing payment information
• C. credit reversal
• D. debit memo reversal
• E. change of instrument

Answer: ABE

NEW QUESTION 15
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 16
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

• A. creating write-offs for specific currencies and customers
• B. limiting write-offs by a percentage of the original receipt amount
• C. scheduling periodic write-offs as receipt adjustments for small remaining balances
• D. scheduling periodic write-offs as receipt adjustments for old remaining balances
• E. scheduling periodic write-offs to occur in future periods

Answer: ABC