Question 1

As an Implementation Consultant, you want to define approval limits for Receivables.Which two statements are correct? (Choose two.)

Options :

A : The approval limits are used by the auto adjustment program.

B : The approval limits are set per user, document type, and currency.

C : The implementation user can create their own approval limits.

D : The approval limits per user and per currency are shared across the document types.

Answer: C,D

Question 2

Your organization is looking to adopt a flexible approach to control the creation of claims investigation when the lockbox files contain invalid positive remittance references. This feature helps manage lockbox files that encounter invalid transaction numbers for receipts with customer assignment. When this option is enabled in the Manage Receivables System Options task, which process must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction referenced?

Options :

A : Process Receipts and Remittances through Lockbox

B : Process Lockbox Receipts

C : Process Lockbox Receipts and Remittance References

D : Process Receipts through Lockbox

Answer: B

Question 3

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure. Which statement is true about the restrictions applied to the setup?

Options :

A : Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

B : Cash Managers can create and manage bank accounts for only those business units to which they are given access.

C : Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

D : Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

Answer: A

Question 4

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

Question 5

Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.

Options :

A : The invoice is not closed.

B : The transaction is partially paid.

C : The transaction type is not associated with a credit memo type.

D : The transaction date falls in a closed period.

E : The transaction is an invoice.

Answer: C