1Z0-213 - Oracle Receivables 11i Fundamentals

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Example Questions

Choose three statements that explain how to record exception properly. (Choose three.) Which two statements are true about the "Order to cash" lifecycle? (Choose two.) Tammy entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now she needs to reverse the miscellaneous receipt. Which method do you advise her to use? BG Distributors Ltd. does not have the concept of customer profile in its business. It does not categorize its customers' credit profiles. With some exceptions, it has a standard Net 30 payment terms. It also sends monthly statements to all its customers and dunning letters if the customer account becomes delinquent. BG Distributors wants a prudent Accounts Receivable setup and streamline the processes where possible. Choose three feasible actions that it should consider. (Choose three.) Which statement best describes the purpose of the Transaction Type filed at the header level of a transaction entered in Oracle Receivables? PCS Inc. has a legacy billing system that contains a customer database. The company wants to maintain the legacy billing system and interface it with Oracle Accounts Receivable (AR) for customers and invoices. Which is a feasible customer interface option that PCS should consider? Which step is mandatory for processing automatic receipts? received an underpayment on an invoice. can't create a check for the same invoice number twice. What is the best way to handle this from the application window? Which two statements are true about the manual clearing transaction process? (Choose two.) is implementing Oracle Receivables to manage its credit card receivables from retail customers. It encourages its retail customers to sign up for "Direct Debit" form of payment. Thus the bank is authorized to debit s checking account for either the full amount due or the minimum balance, depending on the option selected by at the time of enrolling of the Direct Debit. Which is the most appropriate receipts solution in Oracle Receivables to direct address this business need of your client? In order for supplementary data sources to be registered in BPA they must be interfaced with which of the following Oracle Application. (Choose one.) Your client has these business requirements related to the processing of receipts. 1) The client needs to create receipts which are to be manually entered into Receivables system; the receipts may corresponds to two payment methods: cash and checks. 2) The client has two bank accounts and each account accepts both cash and checks. The receipts entered into the receivables system are to be matched are reconciled daily against the receipts that are cleared by the bank. Select the option containing the correct setup steps, in correct sequence to meet the client's needs: XYZ Inc. is a customer of Advanced Network Access. The company is regarded as a low-risk customer. The credit manager finds that every month the system carries out a credit review, and as part of this process, the customer is requested to provide certain financial information. This issue has strained the relationship with XYZ Inc. The credit manager is trying to discover the reason for the review being carried out every month. What is the most likely explanation? TTY Company Inc. is improving its Chart of Accounts structure. The solution involves creating a new operating unit and a new set of books. The company will configure Accounts Receivable for the new operating unit. TTY had previously implemented a poorly designed solution that resulted in a significant number of customers with sites in the old operating unit. Many of these customers no longer have business transactions with the company. There is an undertaking to "clean up" their customer database. Outstanding transactions are immaterial, and TTY is prepared to write them off. Which is a feasible approach for TTY to consider? received a payment from a customer but does not know which customer it is from. What should they do with this payment? Donna, the controller of , wants to review unreconciled bank statements lines with their statuses. Which report does she need to run to get such information? Choose two reasons why you might want to enter invoices in batches. (Choose two.) does not have the content of customer profile in its business. It does not categorize its customer's credit profiles. With some exceptions, it has a standard Net 30 payment terms. It also sends monthly statements to all its customers and dunning letters if account becomes delinquent. wants a prudent Accounts Receivable setup and streamline the processes where possible. Choose three feasible actions that it should consider. (Choose three.) ABC company is using miscellaneous cash during its receipt entry. What setup item is driving the GL account? Enterprises, a customer, has informed you that it will pay for invoices of both its affiliates, Services and Supplies. Both these affiliates are also customers. You are told that only Services is allowed to pay for invoices of Enterprises. Supplies is not. Which option defines the Party Paying Relationship that will work? Which steps are required to set up customer invoicing? (Choose two.) Which three statements are true about AutoAccounting? (Choose three.) You are implementing Cash Management for a multi-organization environment. Which three setup steps should be performed for each organization? (Choose three.) The Didier Company is setting its policy on receipts. What should they consider when deciding to use either QuickCash or manual receipts? The Bramblett Company uses manual receipts in its application process. They are reviewing the status of a receipt to see if it requires remittance. Which status would they look for? Your client has these business requirements related to the processing of receipts. 1) The client needs to create receipts which are to be manually entered into the Receivables system; the receipts may correspond to two payment methods: cash and checks. 2) The client has two bank accounts, and each account accepts both cash and checks. The receipts entered into the receivables system are to be matched and reconciled daily against the receipts that are cleared by the bank. Select the option containing the correct setup steps, in correct sequence, to meet the client's needs. enables you to customize the content and format of bills viewed by customers. Which four actions can you perform? (Choose Four.) Which type of change to a transaction would the AR: Change Customer on Transaction profile option allow when set to Yes? Transaction numbering is set up using _____. Choose three statements that properly describe the Transactions Available for Reconciliation Report. (Choose three.) has sales tax requirements that involve 2 types of sales tax. The first sales tax applies to all customers. A second sales tax is based on where the company ships the goods. All goods are taxable, however some customers who resell the goods are exempted from the second sales tax. Choose three applicable options to set up tax for CAN Inc. (Choose three.) Most of Northern Lights Inc.'s customers pay only their own invoices. However, some of the customers also pay other customers' invoices. The client is concerned about applying cash receipts to the wrong customer invoices. Choose a configuration option that meets the client's requirement and alleviates its concern. Aotolockbox execution employe a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that are execute while running the Auto Lockbox concurrent process in Oracle Receivables. What is true about AutoCash rule sets? CAN Inc. has sales tax requirements that involve 2 types of sales tax. The first sales tax applies to all customers. A second sales tax is based on where the company ships the goods. All goods are taxable, however some customers who resell the goods are exempted from the second sales tax. Choose three applicable options to set up sales tax for CAN Inc. (Choose three.) Most of 's customers pay only their own invoices. However, some of s also pay other customer's invoices. The client is concerned about applying cash receipts to the wrong customer invoices. Choose a configuration option that meets the client's requirement and alleviates its concern. Your company is setting up a new bank. Which two account uses can they define for the bank? (Choose two.) is implementing the Oracle Accounts receivable (AR). needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle AR system. In its legacy system, receipts are handled by two separate people and it wants to keep the jobs this way. Rosemary is responsible for entering the receipts and uploading them to the AR system and reporting the total collections for the day. Ben is responsible for posting and applying the receipts after performing due diligence in identifying and classifying receipts that do not have any customer information or receipts that do not have details such as specific invoice numbers against which the receipt is to be applied or receipts which have been received as an ad-hoc payment from a particular customer. Ben does not want s account balance to be affected immediately when the receipts are transferred and uploaded to the receivables system. Before the receipts are posted and applied to each individual customers accounts, he needs to check whether the receipts have been assigned with the appropriate invoice number for accurate application and whether the rest of the receipt information is correct. It is only after performing this checking process that he finally posts the receipts through a mass update in the present legacy system. What is the most appropriate receipt creation method to implement in Oracle Receivables? The customer service department identified an order that was shipped but was not invoiced. Which factor is NOT a potential cause for the Accounts Receivable (AR) invoice not being created for the shipment? The Dider Company is using miscellaneous cash during its receipt entry. What setup item is driving the GL account? Which option represents the correct sequence of events in the Order life cycle? From which three data source does Bill Presentment Architecture (BPA) provide the architecture to retrieve billing data? (Choose three.) You may use the reconciliation programs of Cash Management to validate the information in the bank statement open interface tables, import the validated bank statement, and perform reconciliation after the import process. Which three statements are true about Bank Statement Interface errors? (Choose three.) Which statement best describes the steps in a credit review process? ABC Inc. has three organizations, and is evaluating Oracle Credit Management to improve the collection of outstanding receivables. As an implementation consultant, how would you explain the product to the client? Arthur, an accountant at , is running AotuReconciliation. He wants to review any error arising from reconciliation. The company does not use Receivables LockBox and the bank statement includes direct deposits. He wants the program to create a debit for "Not sufficient Fund (NSF)" or rejected receipts. As a Autoreconciliation, which two suggestions would you provide him? (Choose two.) Autolockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit Lockbox Processing window. Identify the correct sequential combination of steps that are executed while running the Auto Lockbox concurrent process in Oracle Receivables. Select the four possible results of incorrectly setting up transaction types. (Choose four.) Todd is a novice user of Oracle Receivables. He is trying to apply a customer receipt in a foreign currency to a transaction in the functional currency. He notices that the Cross Currency Rate field is not updatable in the Receipt Applications window. He does not understand the cause. What explanation do you provide? XYZ Corp. prepared a manual invoice in Receivables for the sale of an inventory item. While performing an analysis in general ledger, XYZ Corp notices that the accounting for the sale is correct and shows a debit to the Accounts Receivable account and a credit to the Sales account. However, there is no entry coming from Inventory, to show the decrease in the Inventory account and the increase to Cost of Goods Sold. Which option best explains the missing entry?