Tag: packaged enterprise solutions

Questions Related to packaged enterprise solutions

Which of the following transaction cannot be created using the AR: Enter Transactions form?
technology packaged enterprise solutions

  1. A. Chargebacks

  2. B. Debit Memos

  3. C. Deposits

  4. D. Invoices

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Correct Option: A

To setup transaction numbering, which of the following setup/s need to be configured?
technology packaged enterprise solutions

  1. A. Auto Accounting

  2. B. Transaction Sources

  3. C. Transaction Types

  4. D. System Options

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Correct Option: B

Dunning Letters are
technology packaged enterprise solutions

  1. A. Statement of Account Covering Letter

  2. B. Invoice Covering Letter

  3. C. Reminder Letters

  4. D. Receipt Covering Letters

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Correct Option: C

If a value in a Profile class is changed, the system will

technology packaged enterprise solutions

  1. A. Automatically change the value for all existing customers with the profile class

  2. B. Assign the new value only to new customers

  3. C. Prompt the user whether to update for all customers or only for new customers.

  4. D. None of the above

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Correct Option: C

A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?

technology packaged enterprise solutions

  1. A. Enter the receipt as an unapplied receipt.

  2. B. Enter the receipt as an unidentified receipt.

  3. C. Enter the receipt as an on-account receipt.

  4. D. Enter the receipt as a miscellaneous receipt.

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Correct Option: B

For the transaction related activities such as adjustments and discounts receivables derives the balancing segment value from the __________ account that is associated with the transactions

technology packaged enterprise solutions

  1. A. Revenue

  2. B. Receivables

  3. C. Unapplied Cash

  4. D. Unbilled Receivables

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Correct Option: B

Identify a statement that apply to Oracle Collections.

technology packaged enterprise solutions

  1. A. It is a Web-based self-service application.

  2. B. It can be used to place an invoice in dispute.

  3. C. It enables customers to see their own Oracle Receivables account information, such as balances.

  4. D. It enables you to create transactions

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Correct Option: B

_______ is a powerful, flexible tool you can use to import and validate transaction data from other financial systems and create invoices, debit memos, credit memos, and on-account credits in Oracle Public Sector Receivables
technology packaged enterprise solutions

  1. A. Auto Lockbox

  2. B. Revenue recognition

  3. C. Create Accounting

  4. D. Auto Invoice

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Correct Option: D

You want an invoice to be due in four stages. To accomplish this, what should you do when creating the invoice?
technology packaged enterprise solutions

  1. A. Assign an invoicing rule with four schedules

  2. B. Create four lines, and assign different payment terms to each line

  3. C. Assign payment terms that have four payment schedules

  4. D. Assign payment terms that have four discount periods defined

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Correct Option: C

Suppose that there are no seeded setup values. Which three setup steps are required before entering transactions? A. Define the Sales Tax Location flexfield. B. Define a transaction type. C. Define a receivable activity. D. Define an invoice grouping rule. E. Define a transaction batch source. F. Define at least one customer with a Bill To business purpose. G. Define at least one customer with a Ship To business purpose.
technology packaged enterprise solutions

  1. A. B,E,G

  2. B. B,D,E,F

  3. C. B,D,E,G

  4. D. B,E,F

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Correct Option: D