Which statement is true about Balance Forward Billing?

A. Balance Forward Bills must be enabled at each bill-to-site level.

B. Balance Forward Bills can be created for a future date.

C. Transactions included on a Balance Forward Bill can be updated.

D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

Which four output file types are available when you run the "Print Receivables Transactions" program?

A. JPG

B. PDF

C. Excel

D. HTML

E. Word

F. Zipped PDFs

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

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

Which two items are required for customer invoicing? (Choose two.)

A. Lockbox

B. Customers

C. Remit-to-address

D. Customer Profile Class

You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?

A. Customer Number, CustomerAccount Number, Customer Site Number

B. Customer Name, Customer Billing Address, Customer Bank Account

C. Customer Name, Customer Account Number, Customer Site Number

D. Customer Number, Customer Billing Address, Customer Bank Account

A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines isassociated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).

When will revenue be recognized?

A. only after manual intervention

B. after 100 days

C. immediately

D. after 60 days

What validation step is required for implementing dispute processing?

A. The Recognize Revenue Program is scheduled.

B. BPM Work List for approval configuration is validated.

C. Periods for which the transaction can be disputedare Open.

D. All transactions are of the invoice type.

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%.The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item

line and $0 USD to tax.

How would you achieve this?

A. Set the credit classification revenue recognition policy to look for Line First and Tax Later.

B. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.

C. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.

D. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.

E. Set the payment terms revenue recognition policy to look for Line First and Tax Later.

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

A. Intercompany invoicing must be enabled in Payables Invoice Options.

B. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C. Intercompany invoicing must be enabled in Receivables System Options.

D. Receiver and provider businessunits and legal entities must be subscribed to the applicable tax regime on the transaction date.

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?

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