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?

Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the
customer information.

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.

The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

The program allows table hierarchies for customer bank accounts, but not for other customer information.

No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer
information.

You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount =
Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5.
Which transaction will be applied to the receipt?

Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020

Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020

Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020

Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020

After a customer bankruptcy is approved, what happens in the Collections application?

Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is
changed to Bankrupt.

Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to
Bankrupt.

The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.

Collection activities are suspended and delinquent transactions appear in the Collections Work Area.

Which three receipts types can be reversed in the Cloud?

(Choose three.)

Receipts that are archived

Receipts applied to open receipts

Miscellaneous receipts

Credit card chargebacks posted to GL

Invoice-related receipts
What is the initial status of a newly created bill receivable?

New

Pending remittance

Awaiting submission

Pending posting

Awaiting approval

Which flexfieids are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface
using a customized form?

Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield

Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield

Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield

Line level transaction flexfield, Header level transaction flexfield

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

The transaction date falls in a closed period.

The transaction type is not associated with a credit memo type.

The transaction is partially paid.

The transaction is an invoice.

The invoice is not closed.

When importing Receivable transactions into Fusion Receivables, the Autoinvoice log gives the error message “Error: Item
validation org not set up for the BU.” What action should you take to solve the issue?

Set up Item validation organization in Inventory Item

Set up Item validation organization in Receivables System Optons.

Set up item validation organization in Inventory Org.

Validate the Item validation organization in inventory Org

Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt. When should the Debit Memo
Reversal method be used to reverse a receipt?

You are reversing a Miscellaneous receipt.

You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.

You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or
credit memo or adjustment) against it.

You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.

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?

The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.

The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's
approval limits.

The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.

The program can be run only if the amount is within the Billing Specialist's approval limits.

You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the
system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms.

Payment Term = Net 30; Reference Data Set = Enterprise Set

Payment Term = Net 45; Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30; Reference Data Set = USA Set
Payment Term = Net 45; Reference Data Set = USA Set

If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?

1%/10 Net 30 (USA Set), Net 45 (USA Set)

Net 45 (Enterprise Set), Net 45 (USA Set)

Net 30 (Enterprise Set), Net 45 (USA Set)

Net 30 (Enterprise Set), Net 45 (Enterprise Set)

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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?

By defining a Contact Identification Rule.

By defining a Performance Obligation Template.

By defining a Revenue Item Group

By defining a Standalone Selling Price Profile.

You are configuring tax for Receivables to cash transactions. Which two additional Party types can be selected only in the Tax
engine for Receivables Transactions to identify the place of supply?
(Choose two.)

Ship-to party

Point of acceptance party

Ship-from party

Point of origin party

Bill-to party

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer. Which two conditions are
failing?

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.

Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

The customer does not have the default strategy and default collector assigned at the customer account and site level.

Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup
Manager for Advanced Collections.

The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a
collector should be configured as a resource.

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?

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.

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.

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.

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.

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.
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

You must plan your Implementation Project carefully because you cannot delete it or make changes later.

You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle
Financials Cloud.

The Implementation Project is preconfigured and cannot be deleted or changed.

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.

When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud
products.

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

Payment Settlement Management Duty

Import Payables Invoices Duty

Receipt Creation Duty

Trading Community Hierarchy Management Duty

ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegian krone. For this
example, the conversion rate between the krone and the euro is 6.55957.
The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the
accounting. Where should you define the header-level rounding account?

Transaction Type

Customer Site Level

Receivable System Option

Customer Account Level

Transaction Source

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.

manual receipt entry

receipts creation in a spreadsheet

automatic receipts creation

Lockbox receipts creation

A business entity (your client) provides free five-day training services as the entity's customary business practice when
providing three months of consulting services for implementation projects. The free training services are implied, and are not
billed.
Which two configuration options scan you implement to ensure that the "Consulting" contract in Revenue management
includes the free training services?

Define a Performance Obligation Identification Rule to automatically create a free training performance obligation when creating
a performance obligation for the consulting services.

Define an implied performance obligation template to create a performance obligation for the consulting and training services in
the "Consulting" contract in Revenue Management.

Define an implied performance obligation template to create an implied performance obligation for the training services in the
"Consulting" contract in Revenue Management.

Import two source lines as revenue basis data into Revenue Management: one source line for the consulting services and one
source line for the training services with zero selling amount. In addition, create rules to group the two lines into one contract and
two separate performance obligations.

Define a Performance Obligation Identification Rule by customer name and free services.

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?

Sites 1 and 3 activities will be included in a single bill.

Sites 2 and 3 activities will be included in a single bill.

Sites 1 and 2 activities will be included in a single bill.

Sites 1, 2, and 3 activities will be included in a single bill.

You schedule print runs of transactions and balance forward bills according to the needs of your enterprise. Which three
statements are true?
(Choose three.)

It is not recommended to print transactions and balance forward bills directly from BI Publisher.

If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default
template in BI Publisher.

If you have printed a transaction, the View Print button will not display a preview of the print.

It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to
change them.

Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this.
(Choose three.)

change of instrument

credit reversal

debit memo reversal

receipt reversal

clearing payment information

Identify two values that default from Customer Profile Classes.

(Choose two.)

Legal Entity

Payment Terms

Tax

Business Purpose

Statement Cycle

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing?
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

by defining a grouping rule on the customer class

by defining an item group and assigning that to the rule

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

by defining an exclusion rule to exclude customer classes that are "Retail"

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

Upon approval of a remittance batch of type "Factored with Recourse," the Receivables application creates a receipt and
establishes risk.
How does Receivables establish risk?

by creating an on-account credit memo

by recording an entry to the Remitted Bills Receivable account

by recording short-term debt

by generating a bills receivables adjustment

Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a
customer without waiting for complete satisfaction of an entire performance obligation.
How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to
recognize revenue for these performance obligations at a point in time?

by setting SM to “Allow Partial” and SMM to “Period”

by setting SM to “Allow Partial” and SMM to “Quantity”

by setting SM to “Requires Complete” and SMM to “Quantity”

by setting SM to “Requires Complete” and SMM to “Period”

by setting SM to “Requires Complete” and SMM to “Percent”

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?

cheduled processes

system privileges

user application privileges

the employees who are involved with the collections process and how the collectors will be assigned

customer contact information

Which two are rules applicable to issue of refunds?

(Choose two.)

You cannot refund more than either the original receipt amount or the remaining unapplied amount.

You can refund receipts that were either remitted or cleared.

You can issue a credit card refund to a customer who has made a cash payment.

You can refund receipts that are factored.

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.)

Pending My Research

Pending Approval From Managers

Pending Approval

Pending My Approval

Approved
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?

Revenue Manager

Accounts Receivable Manager

Accounts Receivable Specialist

Billing Specialist

You have completed the period-end activities and set the receivables accounting period to Close Pending. Which statement is
true?

Adjustments can be made even if the receivables accounting period is set to Close Pending.

The receivables accounting period can be re-opened when the period status is Close Pending and last minute adjustments can be
made.

After the receivables accounting period is set to Close Pending, it cannot be reopened and no further adjustments can be made.

Adjustments can be made anytime regardless of the receivables accounting period value.

What are the two locations where the system can look for Receipt Match By Value when Receivables
applies customer payments automatically for manually created receipts?

Credit Items and Disputed Transactions

Late Payments Only

Adjustment

Overdue Invoices Only

Which two statements are true about configuring Collection Strategies?

You need to SGI the (Collections Method to Strategies for the relevant business unit.

You need to define an Aging Method that meets the requirements of your organization.

You need to create Scoring Formulae (or use predefined Scoring Formulas).

You need to create Strategy Tasks of the type "Automatic" only.

Which three benefits do intercompany reconciliation reports provide to an accountant?

Comparing receivables and payables account balances and identifying discrepancies.

Displaying intercompany receivables and payables balancing lines.

Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

Displaying clearing company balancing lines.

What validation step is required for implementing dispute processing?

The Recognize Revenue Program is scheduled.

BPM Work List for approval configuration is validated.

Periods for which the transaction can be disputed are Open.

All transactions are of the invoice type.

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables __________.

removes the invoice line revenue contingencies

leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

removes the pending sales credits

leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You
are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?

BI Answers

BI Composer

BI Publisher

Dashboard Builder

What are the three types of pricing bands that can be used to determine pricing dimensions?

Percentage band

Range band

Quantity band

Amount band

Set band

You are explaining the benefits of using Bill Management as a self-service electronic bill presentment solution to an existing
customer. Which feature is not supported in Bill Management?

Managing unapplied payments

Making payments by using a credit card or the bank account

Managing disputes

Managing credit memos

Reviewing customer account balances

You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type. From
which three tables can the segment value be defaulted?
(Choose three.)

Taxes

Ship to site

Standard Lines

Transaction Types

Salesperson

Your customer upload batch completes with an error and you identify the error as being due to an incorrect payment
method. Which action should you take the resolve the issue?

Correct error and resubmit the batch.

Troubleshoot in the Manage Customers page.

Use the Customer Data Exceptions spreadsheet.

Use the Customer Payment Method Exceptions spreadsheet.

When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum
number of payments. Which receipt rule should you define?

One per site per due date

One per Customer

One per invoice

One per Customer per due date

You are investigating the Receivables to General Ledger Reconciliation Report and must explain any variances to your
Accounting Manager. What two variance amounts should you expect to investigate in this report?
(Choose two.)

Tax Variance

Intercompany Variance

Accounting Variance
Receivables Variance

Which three attributes are displayed in the detail table of the Balance forward Bill infotile?
(Choose three.)

Amount due on Bill

Collector

Due date

Billing date

Past due Amount

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.)

Revenue Contingencies

Receivables Activities

Customer Account Sites

Standard Memo Lines

Revenue Transactions

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

customer’s profile for each assigned customer

customer search as per the parameter specified

status of processing activities from the Process Monitor

tasks assigned to the Collector, such as follow-up calls

summary of aged transactions

Which two are NOT components of a Business Intelligence Publisher report?

(Choose two.)

View

Data Model

Matrix

Translation
Layout

A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be
due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at
the time of invoice booking.
After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event
Revenue. How can you meet this requirement?

Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.

Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and
Optional Removal Event as Fulfillment Date.

Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional
Removal Event as Transaction Date, with Transaction Date being the Event Date.

Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and
Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.

Which four output file types are available when you run the "Print Receivables Transactions" program?

JPG

Excel

Word

Zipped PDFs

PDF

HTML

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.

Business unit is not a required option on the Parameters tab to run the delinquency process.

Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the
user.

Select the check box to enter the default business unit if it does not appear in the dropdown menu.

Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

As an implementer, while importing data from the legacy/third-party system, you forgot to populate the accounting
distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. What happens when you run accounting?

It will return an error and the data will be stuck in the interface table.

Neither invoice nor accounting will be created.

Invoice will get created but accounting won't be created.

Invoice will be created and the system will use auto accounting configuration to create accounting.
There are a few customers that you do not want to send dunning letters to. How would you exclude these customers from
dunning?

Disable Send Dunning Letter in Transaction Source Type.

Disable Send Dunning Letter on the Correspondence tab.

Disable Send Dunning Letter in Collections Preferences.

Disable Send Dunning Letter on the Profile tab.

Disable Send Dunning Letter in Transaction Type.

Identify the dunning letter template set provided by an application.

Soft, Regular, Hard

Regular, Medium, Hard

Final Demand, Soft, Medium

Regular, Final Demand, Medium

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?

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

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

Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL

Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.

You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following
breakdown: Revenue Allocation and Nonrevenue Allocation. What is a Nonrevenue Allocation?

sales credits associated to deferred revenue

sales credit allocation based on billing corrections

safes credit reversals due to credit memo creation

additional incentive-based sales credits

Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing
Program?

transactions that have the Print Option set to Do Not Print

transactions that have the selected payment terms

transactions have a Bill Type of Imported

transactions that were included in a previous Balance Forward Bill