Infosys Certified Oracle Account Receivables Cloud Consultant
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Join Premium10 Infosys Certified Oracle Account Receivables Cloud Consultant practice questions with answers
Real Lex exam-pattern multiple-choice questions for the Infosys Certified Oracle Account Receivables Cloud Consultant certification. Each question includes the correct answer. The full question bank is available to Premium members.
- Question 1
What happens if Auto Invoice processes a transaction class that is not defined for a grouping rule.
- ✓ Auto Invoice only uses the mandatory transaction attributes to group transactions. Correct
- B Auto Invoice only uses the optional transaction attributes to group transactions.
- C Auto invoice will reject transaction
- D None of the above
- Question 2
Which three ways will be changing the customer information impact the collection process?
- ✓ Making changes in the Profile Tab Impacts the collection process. Correct
- B Business unit level changes will NOT Impact the display of delinquent customers on the dashboard.
- C Adding or modifying the customer contact name in the Contacts tab impacts where the correspondence is sent.
- D Changing the Collector impacts the individual working with the delinquent customer.
- E Changing Information in the Profile Tab does NOT have an impact on the level in which the collections are done.
- Question 3
The drilldown option available in the task pane for receipts does NOT include.
- ✓ Create Remittance in Spreadsheet Correct
- B Reverse Receipt
- C Correct Funds Transfer Errors
- D Create Receipt via Spreadsheet
- Question 4
The Billing Specialist has entered an invoice in a foreign currency. After completing the invoice, she realized that she has to adjust the conversion rate on the transaction. The invoice is already paid and has a receipt applied to it. Which is step that is NOT relevant to the Billing Specialist?
- ✓ Adjust the conversion rate. Correct
- B Incomplete the transaction.
- C Reverse the transaction.
- D Recreate the transaction at a new rate.
- Question 5
Which setup is not mandatory to make the Cloud Receivables Operational?
- ✓ Receivables System options Correct
- B Remit to Address
- C Receipt Class & Methods
- D Receivables Transaction Type
- Question 6
An Invoice with an original balance of $100 has a receipt application for $75. The Collector enters a dispute for $50 for this invoice and submits it for approval. Select the valid statement.
- ✓ A Credit Memo for $50 will be created. Correct
- B A Credit Memo for $25 will be created.
- C A Credit Memo will NOT be created, because the disputed amount is greater than the invoice balance.
- D A Credit Memo for $50 and a Debit Memo for $25 will be generated.
- Question 7
Identify correct credit memo options.
- ✓ Tax only Correct
- B Advance
- C Invoice lines
- D Paid amount only
- Question 8
Which statement is correct with respect to AR invoice accounting.
- ✓ Debit Revenue Account & Credit Receivable Account Correct
- B Debit Receivable Account & Credit Revenue Account
- C Debit Receivable Account & Credit Cash Account
- D None of these.
- Question 9
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?
- ✓ The program creates adjustments only for the amounts within his approval limit Correct
- B The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
- C The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.
- D The program can only be run if the amount is within his approval limits.
- Question 10
Transaction Detail Report list transaction information for which type of transactions.
- ✓ Invoice Correct
- B Debit Memo
- C Credit Memo
- D Invoice, Debit Memo, Credit Memo & Chargeback.
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