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Question 1
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?
- 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.
Question 2
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A: miscellaneous receipt
- B: quick cash receipt
- C: manual receipt
- D: automatic receipt
- E: AutoLockbox receipt
Question 3
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
- A: state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
- B: state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- C: state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- D: state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- E: state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
Question 4
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
- A: The billing cycle does not have any impact on new transactions.
- B: Existing transactions with no activity retain the old billing cycle.
- C: Existing transactions with activity adapt the new billing cycle.
- D: New transactions after this change inherit the new billing cycle.
Question 5
Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area?
- A: Revenue Manager
- B: Accounts Receivable Manager
- C: Accounts Receivable Specialist
- D: Billing Specialist
Question 6
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?
- A: manually, but without using the Adjustment Reversal and Chargeback Reversal activities
- B: automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
- C: automatically by using the Adjustment Reversal and Chargeback Reversal activities
- D: manually by using Chargeback Reversal activities
- E: manually by using Adjustment Reversal activities
Question 7
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)
- A: drilldown to see reconciliation details and to make reconciling corrections
- B: drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
- C: drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
- D: drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
- E: drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
Question 8
What is the 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
Question 9
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
- A: short-term debt clearing days
- B: risk elimination days
- C: clearing days
- D: collection days
- E: lead days
- F: recall days
Question 10
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?
- A: by using the Customer Import Interface work area
- B: by using the correct Customer Payment Method spreadsheet
- C: by using the correct Customer Data spreadsheet
- D: by importing the correct data by using a new spreadsheet upload
Question 11
Which three transaction types are used to generate late charges? (Choose three.)
- A: Cash Receipts
- B: Adjustments against the original transaction
- C: Credit Memo
- D: Debit Memo
- E: Interest Invoice
Question 12
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015.
The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?
- A: A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
- B: A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
- C: A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
- D: Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
- E: Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
- F: Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
Question 13
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A: Lockbox Transmission History
- B: Create Automatic Receipts
- C: Correct Funds Transfer Errors
- D: Create Receipt Remittance Batch
- E: Manage Receipt Remittance Batches
Question 14
What information does the Collector see in the Activities List area of the Collections Dashboard?
- A: customer’s profile for each assigned customer
- B: customer search as per the parameter specified
- C: status of processing activities from the Process Monitor
- D: tasks assigned to the Collector, such as follow-up calls
- E: summary of aged transactions
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