Oracle Cloud Receivables Certification Dumps

Oracle Cloud Receivables Certification Dumps

QUESTION 1:
Identify the dunning letter template set provided by an application?

 

Option's:
A.    Soft, Regular, Hard
B.    Regular, Medium, Hard
C.    Final Demand, Soft, Medium
D.    Regular, Final Demand, Medium 

Answer: C

Answer Explanation: Final Demand, Soft, Medium.

Oracle Cloud Receivables Certification Dumps

QUESTION 2:
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
 

Option's:
A.    by Quote Number and time frame
B.    by Source Document and time frame
C.    by Item and time frame
D.    by Customer and time frame
E.    by Source Document Line and time frame 

 

Answer: B,C & E

Answer Explanation:  'By Source Document and time frame', 'By Item and time frame' & 'By Source Document Line and time frame'

QUESTION 3
The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this. (Choose three.)

 

Option's:
A.    receipt reversal
B.    clearing payment information
C.    credit reversal
D.    debit memo reversal
E.    change of instrument 

 

Answer: A,B & E 

Explanation: References:

QUESTION 4
Your customer has a state tax % and a city tax % 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?

 

Option's:
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

Answer Explanation: State tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.

QUESTION 5
Identify two values that default from Customer Profile Classes. (Choose two.) ?

 

Option's:
A.    Business Purpose
B.    Statement Cycle
C.    Legal Entity
D.    Tax
E.    Payment Terms 

 

Answer: D,E

Answer Explanation: Tax & Payment Terms defaults from customer profile classes.

QUESTION 6:
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?
 
 

Option's:
A.    Business unit is not a required option on the Parameters tab to run the delinquency process.
B.    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.
C.    Select the check box to enter the default business unit if it does not appear in the drop-down menu.
D.    Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

 

Answer: B

Answer Explanation: 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.

QUESTION 7:
When reversing a receipt, if an adjustment or charge back exists, how are the off-setting adjustments created?

Option's:
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
Explanation: Automatically by using the Adjustment Reversal and Charge back Reversal activities.
 
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.
References:

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?

 

Option's:
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

Answer Explanation: 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.

Oracle Cloud Receivables Certification Dumps

QUESTION 9
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the Auto Cash rule set.
In which three places is the rule set found? (Choose three.) ?

Option's:
A.    System Options
B.    Receipt Class
C.    Customer Site
D.    Receipt Method
E.    Customer Account 

 

Answer: C,D & E
Explanation: If transactions cannot be matched or transaction information is not available, Receivables uses the Auto Cash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an Auto Cash rule set assigned to a profile, Receivables uses the Auto Cash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt. References: