Question 1

Your customer has three business units. The customer wants to share customer account addresses across these business units.Which reference data set can be used to achieve this?

Options :

A : Create a new reference data set for account addresses and assign it to the business units.

B : Assign a COMMON reference data set to the business units, which share the account addresses.

C : Assign an enterprise reference data set to the business units, which share the account addresses.

D : Create a separate reference data set for each business unit and assign it to each unit

Answer: B

Question 2

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

Question 3

Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?

Options :

A : Linelevel transaction flexfield, Header-level transaction flexfield, Reference flexfield

B : Linelevel transaction flexfield, Header-level transaction flexfield

C : Linelevel transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield

D : Linelevel transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield

Answer: C

Question 4

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

Options :

A : removes the invoice line revenue contingencies

B : leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

C : removes the pending sales credits

D : leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

Answer: A

Question 5

A company s policy is always to apply customer payments to debit and credit items, starting with the oldest due date. Which function should you include in the default Auto-cash rule?

Options :

A : Clear the past due invoices grouped by payment terms

B : Clear the account

C : Match payment with Invoice

D : Apply to the oldest invoice first

E : Clear past due invoices

Answer: D

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