QUESTION 57
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?
Option's:
A. Sites 1, 2, and 3 activities will be included in a single bill.
B. Sites 2 and 3 activities will be included in a single bill.
C. Sites 1 and 2 activities will be included in a single bill.
D. Sites 1 and 3 activities will be included in a single bill.
Answer: C
Answer Explanation: Sites 1 and 2 activities will be included in a single bill.
QUESTION 58
Which statement is true about AutoAccounting?
Option's:
A. AutoAccounting is set up at the Legal Entity level.
B. If AutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
C. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
D. You cannot override the default General Ledger accounts thatAutoAccounting creates.
Answer: B
Explanation: References: If Auto Accounting cannot determine all the accounting flexfield
segments, it derives what it can and displays an incomplete accounting
flexfield.
QUESTION 59
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
Option's:
A. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
Answer: C,D
Explanation: For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications.
References:
QUESTION 60
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 drill down option through a column to complete the transaction. Identify the column?
Option's:
A. Transaction Class
B. Transaction Number
C. Transaction Source
D. Transaction Date
Answer: B
Answer Explanation: From Transaction Number we can drill down to complete the transaction.
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