NEW QUESTION 1
What are the three setup steps required to implement the Lockbox feature? (Choose three.)

• A. Receipt Classes and Receipt Methods
• B. late charges
• C. Lockbox and Lockbox Transmission Formats
• D. Receipt Sources
• E. credit card refunds

Answer: ACD

NEW QUESTION 2
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)

• A. Lockbox Transmission History
• B. Create Automatic Receipts
• C. Correct Funds Transfer Errors
• D. Create Receipt Remittance Batch
• E. Manage Receipt Remittance Batches

Answer: BDE

NEW QUESTION 3
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ________.

• A. removes the invoice line revenue contingencies
• B. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
• C. removes the pending sales credits
• D. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

Answer: A

NEW QUESTION 4
Which three transaction types are used to generate late charges? (Choose three.)

• A. Cash Receipts
• B. Adjustments against the original transaction
• C. Credit Memo
• D. Debit Memo
• E. Interest Invoice

Answer: BCE

NEW QUESTION 5
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

• A. Import Payables Invoices Duty
• B. Receipt Creation Duty
• C. Trading Community Hierarchy Management Duty
• D. Payment Settlement Management Duty

Answer: AD

NEW QUESTION 6
A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?

• A. only after manual intervention
• B. after 100 days
• C. immediately
• D. after 60 days

Answer: B

NEW QUESTION 7
What is the impact on transactions of changing the billing cycle for a customer or group of customers?

• A. The billing cycle does not have any impact on new transactions.
• B. Existing transactions with no activity retain the old billing cycle.
• C. Existing transactions with activity adapt the new billing cycle.
• D. New transactions after this change inherit the new billing cycl

Answer: D

NEW QUESTION 8
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

• A. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
• B. by defining a grouping rule on the customer class
• C. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
• D. by defining an item group and assigning that to the rule
• E. by defining an exclusion rule to exclude customer classes that are "Retail"

Answer: A

NEW QUESTION 9
Your customer wants to override the calculated tax line amount for their receivable transaction. What steps should the customer perform to ensure that only one of their employees has this privilege?

• A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.
• B. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee.
• C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.
• D. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.
• E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

Answer: D

NEW QUESTION 10
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line. As a Billing Specialist, which action would you take?

• A. Search for the information in the Review Customer Account Details user interface.
• B. Apply, reverse, or process the receipt.
• C. Create an open debit memo.
• D. Search for open invoices on the Manage Transaction search pag

Answer: A

NEW QUESTION 11
To meet the business needs of most organizations, “Common Set” is seeded InFusion for all set-enabled objects with the exception of ________.

• A. AutoMatch Rule Sets
• B. AutoCash Rules
• C. Revenue Scheduling Rules
• D. Customer Site
• E. Aging Methods

Answer: D

NEW QUESTION 12
Which two determinant types are used in reference data assignment? (Choose two.)

• A. Business Unit
• B. Account Segment
• C. Project Segment
• D. Project unit

Answer: AD

NEW QUESTION 13
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

• A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
• B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
• C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
• D. manually by using Chargeback Reversal activities
• E. manually by using Adjustment Reversal activities

Answer: C

NEW QUESTION 14
The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.

• A. Transaction Class
• B. Transaction Number
• C. Transaction Source
• D. Transaction Date

Answer: B

NEW QUESTION 15
Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

• A. Debit Memo
• B. Deposit
• C. Charge Back
• D. Credit Memo
• E. Guarantee

Answer: AD

NEW QUESTION 16
What information does the Collector see in the Activities List area of the Collections Dashboard?

• A. customer’s profile for each assigned customer
• B. customer search as per the parameter specified
• C. status of processing activities from the Process Monitor
• D. tasks assigned to the Collector, such as follow-up calls
• E. summary of aged transactions

Answer: D