Question 1

What information does the Collector see in the Activities List area of the Collections Dashboard?

Options :

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

Answer: D

Question 2

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 3

Which three benefits do intercompany reconciliation reports provide to an accountant?

Options :

A : Comparing receivables and payables account balances and identifying discrepancies.

B : Displaying intercompany receivables and payables balancing lines.

C : Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

D : Displaying clearing company balancing lines.

Answer: A,B,C

Question 4

When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.

Options :

A : miscellaneous receipt

B : quick cash receipt

C : manual receipt

D : automatic receipt

E : AutoLockbox receipt

Answer: D

Question 5

You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.What are the navigational steps needed to accomplish this task?

Options :

A : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Receivables''/Task: ''Manage Business Unit Set Assignment''

B : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Legal Structures''/Task: ''Manage Business Unit Set Assignment''

C : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Financial Reporting Structures''/Task: ''Manage Business Unit Set Assignment''

D : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Organization Structures''/Task: ''Manage Business Unit Set Assignment''

Answer: A