Question 1

Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.What should you do to meet this requirement?

Options :

A : Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.

B : Create an Oracle Business Intelligence Applications (OBIA) Report.

C : Query each customer refund and verify the Refund Status.

D : Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).

Answer: D

Question 2

Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

Options :

A : Verify Customer Payments.

B : Assign a Collector to a delinquent customer.

C : View the Total Amount Due for delinquent customers.

D : Record an activity to create a task or tasks to follow up on a delinquent customer

E : Update the work status of a work item for a delinquent customer.

Answer: A,B,D

Question 3

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

Options :

A : Intercompany invoicing must be enabled in Payables Invoice Options.

B : Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C : Intercompany invoicing must be enabled in Receivables System Options.

D : Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Answer: D

Question 4

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?

Options :

A : Set 'Minimum Transaction Amount' to 3,000 and 'Minimum entered Currency' to USD.

B : Set 'Minimum Transaction Amount' to 2,999.99 and 'Minimum Entered Currency' to ALL

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

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

Answer: D

Question 5

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?

Options :

A : Accounting Variance

B : Intercompany Variance

C : Tax Variance

D : Receivables Variance

Answer: A,D

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