Question 1

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

Options :

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 invoice.

Answer: C

Question 2

Which statement is true about Balance Forward Billing?

Options :

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

Question 3

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.)

Options :

A : Collectors

B : Standard Memo Lines

C : Revenue Types

D : Receivable Specialists

E : Revenue Contingencies

Answer: A,B,C

Question 4

Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.How should you configure Intercompany System Option*; to meet this requirement?

Options :

A : Set 'Minimum Transaction Amount' to 3,000 and 'Minimum entered Currency' to USD.

B : Set 'Minimum Transaction Amount' to 2,999.99 and 'Minimum Entered Currency' to ALL

C : Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.

D : Set 'Minimum Invoice Amount' to 3,000 and 'Invoice Currency' to USD in Payables Invoice Options and Receivables System Options.

Answer: D

Question 5

A company s policy is always to apply customer payments to debit and credit items, starting with the oldest due date. Which function should you include in the default Auto-cash rule?

Options :

A : Clear the past due invoices grouped by payment terms

B : Clear the account

C : Match payment with Invoice

D : Apply to the oldest invoice first

E : Clear past due invoices

Answer: D

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