The common subledger period close management UI allows the user to .

A. Manage the accounting period status.

B. Balance the entries after they are transferred to the general ledger .

C. Access all subledgers.

D. Bill and automate customer payments for adjustment approval processing

E. Transfer unbalanced entries to the general ledger.

You have run the delinquency process for a customer and have navigated to the transactions tab to view the status.

Why is the status for the transactions blank?

A. The status of the past due transactions appear as blank.

B. There was an error when updating the status during the delinquency process. Fix it and rerun the process.

C. The status of the current or paid in full transactions appear as blank.

D. The transaction status is NOT automatically updated when the process runs.

The AutoCash Rule Set defines the order in which the system will apply the receipt to an open debit Item.

Which Autocash Rule is NOT defined in the receivables setup?

A. Clear past due invoices grouped by Payment Terms

B. Clear past due invoices

C. Apply to the oldest invoice first

D. Apply to the latest invoice first

There are concurrent programs that run related to data in the Overview Region of the review Customer Accounts Details user interface.

Which program is run to synchronize the updated receivables data?

A. Refresh Receivables transactional Events for Summary Tables Program.

B. Process Receivables transactional Events for Summary Tables Program.

C. Refresh Receivables Past Due Transactions for summary Tables Program

D. Process Receivables Past Due Transactions for summary Tables Program

An invoice was created with unit price error on one invoice item.

What is the next step you perform form the Billing Work Area to correct this error?

A. Click the Create Transaction link on the task pane and create a new transaction with the right unit price.

B. Click the Credit Transaction link on the task pane and create a credit memo for the transaction.

C. Click the Manage Transaction link on the task pane and create a credit memo for the transaction.

D. Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.

What are the three valid statements related to third-party control accounts that have the type Customer?

A. The subledger journal entry lines that use this account MUST have customer information.

B. When the third party control account is assigned to a journal line, information such as name and site MUST be provided.

C. The subledger Journal entry lines that use this account need not have customer information

D. The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.

E. The customer subledger third party balances will be updated when Journal is completed to Draft Status.

The Customer Search feature in the Collections Dashboard allows collectors to find a customer by .

A. Customer name

B. Acccount

C. Bill-to

D. Customer name, account, or bill-to

Which two preference definitions determine the default values during the collection process?

A. Default aging method

B. Default exchange rate

C. Preference set

D. Default contact for unknown dunning recipients

E. Display of open transactions

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

A. Information about customers who have overdue bills

B. Tasks assigned to the Collector, such as follow up calls

C. Customer search as per the parameters specified

D. Status of processing activities from the Process Monitor

You have created an Autocash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice.

Discount = Earned Only

Late charges = NO

Receipt = $900

Receipt date = 14-Feb-2010

Discount Grace Days = 5

Which Transaction will be applied to the receipt?

A. Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010. Due Date 28- Feb2010

B. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010, Due Date: 20Feb-2010

C. Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb- 2010, Due Date: 28Feb 2010

D. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Fob- 2010, Due Date 24Feb-2010