Question 1

Which is NOT a valid Infotile in the Accounts Receivables Work Area?

Options :

A : Unidentified Receipts

B : Lockbox Exceptions

C : Receipt Batches

D : Unapplied Receipts

E : Unapplied Credits

Answer: A

Question 2

A Billing Specialist has created and completed an invoice for $100 USD for Customer The Specialist prints the invoice and realizes that the invoice should have been created for Customer B. The accounting for the transaction for Customer A is posted to the General Ledger.How can this be corrected?

Options :

A : Create an adjustment for the entire amount and create a negative adjustment for Customer B.

B : Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.

C : Change the status of the invoice to Incomplete and enter a new invoice for Customer B.

D : Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.

Answer: B

Question 3

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

Options :

A : Pending Approval

B : Forwarded for Approval

C : Pending Research

D : Approval Required

Answer: A

Question 4

You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities. When assigning the tax regime to parties, what should you do to share all setup for Tax?

Options :

A : Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.

B : Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.

C : Assign both business units to Global Configuration Owner.

D : Assign the ledger to Global Configuration Owner.

E : Assign two business units to First Party Configuration with Party Overrides.

Answer: D

Question 5

Which configuration step is required for processing Collections disputes?

Options :

A : Define Aging Method to be used with disputed transactions.

B : Define Dispute Thresholds in Collections Preferences.

C : Set ''Send Dispute Notice'' Option to ''Yes'' in Collections Preferences.

D : Define a ''Collections'' Approval Group as well as a ''Billing'' Approval Group in the BMP Worklist.

Answer: B

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