Question 1

To determine the best approach to converting a client's data, you must know which setups are Reference: Data Set enabled and can be shared.Which three are Reference: Data Set enabled setups in Receivables? (Choose three.)

Options :

A : Revenue Contingencies

B : Receivables Activities

C : Customer Account Sites

D : Standard Memo Lines

E : Revenue Transactions

Answer: A,D

Question 2

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 3

You are configuring tax for Receivables to cash transactions.Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)

Options :

A : Ship-to party

B : Ship-from party

C : Point of origin party

D : Point of acceptance party

E : Bill-to party

Answer: B,C

Question 4

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.What is the status of the adjustment?

Options :

A : Pending Approval

B : Forwarded for Approval

C : Pending Research

D : Approval Required

Answer: A

Question 5

Which two items are required for customer invoicing? (Choose two.)

Options :

A : Lockbox

B : Customers

C : Remit-to-address

D : Customer Profile Class

Answer: A,D