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QUESTION NO:93

Oracle has seeded out of the box printing templates defined for each transaction

class. How many pre-seeded templates are available?

A. 4

B. 6

C. 5

D. 8

Answer: C

QUESTION NO:109

The rules applicable to issue refunds are . Select two.

A. You can NOT refund more than either the original receipt amount or the

remaining unapplied amount.

B. You can refund receipts that were either remitted or cleared.

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

D. You can refund receipts that are factored.

Answer: A, B

Explanation:

These rules apply to issuing refunds:

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

unapplied amount. You can only refund original receipts that were either remitted

or cleared. You cannot issue a credit card refund unless the customer payment was

made by credit card.

Reference:

Issuing Manual Refunds: Explained

QUESTION NO:9

The billing Specialist creates an adjustment for an INCORRECT invoice and

sends it for approval through the review and Manage Transaction link in the Billing

Work Area. Since the adjustment amount is above approval limit, it is routed to

the Billing Manager. What is the status of the Adjustment when the approver sees

the adjustment in his Work Queue?

A. Pending Research

B. Pending Approval

C. Approval Required

D. Waiting Approval

Answer: D

Explanation:

When you enter adjustments outside your approval limits for the currency of the

item that you are adjusting, Receivables creates the pending adjustment in the

Approve Adjustments form with a status of Waiting Approval. Adjustment with the

waiting approval can only be approved by users with the appropriate approval limit

of currency of the item you are adjusting.

QUESTION NO:30

What are the three validation steps required for implementing dispute processing?

A. Transaction types are set up with appropriate Credit Memo types.

B. Periods for which the transaction can be disputed are Open.

C. The Document Sequencing required is set up.

D. BPM Work List for approval configuration is validated.

E. The Recognize Revenue program is scheduled.

Answer: A, B, D

Explanation:

Note:

* Processing a collections dispute allows the collector to record and request a

dispute based on various sections of the customer’s transaction. The dispute

process allows the collector to select a transaction, along with the appropriate

section and reason for the dispute, then submit the dispute for processing. The

dispute is forwarded to the appropriate levels of approval in the BPM Worklist

Credit Memo Request Approval process. If the dispute is approved,

the appropriate credit memo is created automatically. You can only submit one

dispute at a time.

* AutoReceipts include dispute items option: Use this option on the customer or

site profile to determine whether to include open items in dispute during

transaction selection

Reference:

Oracle Fusion Applications Order Fulfillment, Receivables, Payments, Cash, and

Collections Guide, Processing Disputes: Overview

QUESTION NO:57

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 have a drilldown option through which column to complete the

transaction?

A. Transaction Number

B. transaction Source

C. Transaction Date

D. Transaction Class

Answer: A

QUESTION NO:58

Your company 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?

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

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

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

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

Answer: B

Explanation:

Bill Consolidation at Account or Site Level

You can generate bills consolidated at either the customer account or site level:

* Account-level balance forward billing lets you generate one bill for each business

unit of the customer account, addressed to the primary bill-to site of the account.

* Site-level balance forward billing lets you generate a balance forward bill for

each bill-to site of a customer with multiple bill-to sites.

* You can exclude a site from a balance forward bill by disabling balance forward

billing on the customer profile of the site.

Reference:

Fusion Applications Help, Balance Forward Billing: Explained

QUESTION NO:22

What are the three steps required to implement the Lockbox feature?

A. Set up Receipt Sources.

B. Set up Receipt Classes and Receipt Methods.

C. Set up Lockbox and Lockbox Transmission Formats.

D. Set up late charges.

E. Set up credit card refunds.

Answer: A, C, E

Explanation:

A: You only use receipt sources with receipt and remittance batches. This includes

automatic receipt batches, lockbox receipts, and receipts created via spreadsheet.

C: Enter the lockbox transmission field types to use to identify the characteristics

of each lockbox transmission record type.You specify the size, order, and format

of each transmission record. The lockbox transmission program only validates

the fields that you define in your transmission format. The transmission format

must be fully compatible with how you organize data in your lockbox file.

E: Use an application exception rule set to manage remaining amounts after

lockbox processing. After lockbox processes and applies receipts, the AutoApply

process uses the application exception rule set to determine how to manage over

and under payments: If there is an overpayment, the application exception rule

indicates whether to refund the amount to the customer, place the amount on

account, write off the amount, or leave the amount unapplied. If there is an

underpayment, the application exception rule indicates whether to allow write off

of the remaining open balance amount on the transaction. Note: Use lockbox to

create receipts in Oracle Fusion Receivables from data supplied by your

remittance bank and apply receipts to customer transactions. The lockbox process

has three steps: Import Data: Lockbox reads and formats the data from your bank

file into the interim table using an SQL*Loader script. Validate Data: Receivables

validates the data in the interim table for compatibility, then transfers the data to

the receipts tables. Post Receipts: Apply receipts and update customer balances.

Reference:

Fusion Applications help, Lockbox Transmission Format Field Types

QUESTION NO:15

What is the grouping order used to group transaction lines during the Autoinvoice

Import process?

A. transaction Source, Customer Site Profile, Customer Account Profile, system

options

B. System options. Customer Site Profile, Transaction Source, Customer Account

Profile

C. Transaction Source, Customer Account Profile, Customer Site Profile, system

options

D. Transaction Source, Customer Account Profile, system options. Customer Site

Profile

Answer: A

Explanation:

AutoInvoice uses the following hierarchy when determining the grouping rule to

use: Transaction source Customer site Customer profile System options

Reference:

Oracle Fusion Applications Financials Implementation Guide, AutoInvoice Setup

QUESTION NO:7

Which functionality is NOT provided by the Receivables to Ledger Reconciliation

Report?

A. Limiting the display using the ad hoc parameter

B. Drilldown to see reconciling details

C. Drilldown to see what needs to transfer and post to the general ledger

D. Graphical and visualization components for viewing the reconciliation details

E. The reasons for the reconciling differences

Answer: C

Explanation:

Incorrect answers:

B: Leverage the Payables to Ledger Reconciliation and the Receivables to Ledger

Reconciliation reports using the interactive Oracle Transactional Business

Intelligence (OTBI) reporting technology to:

Expand account balance information from summarized to detail data for optimal

reconciliations

Facilitate manageability and clarity for the reconciliation process

E: If discrepancies exist, the process of matching each transaction to its respective

accounting entry is automatically performed, finding all transactions and

accounting entries that contributed to the out-of-balance situation.

Exceptions are automatically identified. For example: Transactions that do not

have complete accounting Amounts that do not tie to the accounting entry amount

Manually entered journals that posted to the general ledger account

Journals that did not come from the subledger modules

Note: Periodically you need to reconcile the transactions in your accounts

receivable system, both before and after you post to the general ledger. The

Receivables to General Ledger Reconciliation extract and report help to simplify

this process and reduce the amount of manual reconciling activity required.

Reference:

Fusion Applications help, Reconciling Accounts: How It Works with the

Subledgers

QUESTION NO:19

Collections Dashboard is an Interactive Work Status tool that helps to prioritize

and find items that need attention. Which is a valid Work Status as defined in the

Collections Dashboard?

A. New

B. Under Process

C. Open

D. Closed

Answer: C

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