AR-2023

Given the default system options:

Which two instances are you required to select for the Require Salesperson flag?

•  Auto-Invoicing

•  Sales credit tracking

•  FBDI Loader

•  Revenue accounting

When a feature is enabled in Receivables, it can automatically assign third-party tax registration number when creating Receivables transactions. This is set up in Oracle Tax.
You have enabled this feature and no value is entered for third-party tax registration number. The program performs various checks to assign a third-party tax registration number to a transaction.
What happens in a scenario where Bill-to-Site does not have a default tax registration number?

•  The program will leave the third-party tax registration field blank.

•  The program will look for Bill-to-Party’s default tax registration number and assign that to the transaction.

• The program will reject the Receivables transaction during the creation process.

•  The program will look for Ship-to-Site’s default tax registration number and assign that to the transaction.

When using the Customer import upload spreadsheet, which two columns, if populated with #NULL, will remove the existing values on loading?

•  Credit Limit

•  First Review Date

•  Credit Review Cycle

•  Credit Currency

You are defining a new receipt class to process manual customer payments and plan to use reconciliation accounting in Cash Management.
Which two clearance methods enable you to match and clear transactions in Cash Management?

•  Automatic Clearing

•  Matching

•  Factoring

•  Directly

•  Conformation

AutoInvoice supports the creation and application of credit memos.
Which two transaction types can AutoInvoice apply a credit memo against?

•  Adjustments

•  Bills Receivable

•  Debit Memos

•  Chargebacks

•  Invoice

As a Project Consultant, you have been tasked with implementing the Automatic Receipt feature for your client.
Which three steps must you perform to implement this feature in Receivables?

• Define clearance method

•  Create application exception rules

•  Define receipt source

•  Complete funds capture setups in Payments

•  Configure relevant settings in Receivables System Options

After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action?

•  The payment schedules are created using the payment terms specified.

•  The invoice is eligible for transfer to the General Ledger.

•  The invoice can now be printed.

•  The invoice is sent for a dunning follow-up.

•  The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

Which two statements are true about processing Receivables adjustments that impact tax amounts?

•  Receivables can retrieve the tax rate code, based on the adjustment activity.

•  There is no need to retrieve the tax rate code.

•  Receivables can retrieve the tax rate code, based on System Options.

•  Receivables can retrieve the tax rate code, based on the invoice.

If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found?

•  Receipt Class

•  Customer Account

•  Receipt Method

•  System Options

•   Customer Site

Which three actions can be performed in Collections Work Area that will have an impact on the collection process?

•  Adding new customer contacts on the Contacts tab

•  Changing the collector on the Profile tab

•  Applying a customer payment on the Aging tab

•  Processing a payment promise on the Transactions tab

•  Creating a credit memo on the Transactions tab