Summer Sale Special 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ex2p65

Exact2Pass Menu

Question # 4

Manage Aging Methods

Scenario

Your organization needs to create their own a-bucket aging method for reporting purposes.

Task

Create a new 4-bucket Aging Method in the Collections application, where:

  • Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.)
  • Aging method is accessible to all business units
  • Aging buckets are 45 days apart
  • Last bucket is 91 days

Full Access
Question # 5

While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, you notice that it is only displaying balance forward Mis raised in the last month.

How can you increase the number of months to view past balance forward bills?

A.

Add the number of months as a value for the BILL.MANAGEMENT lookup code

B.

Use Bill Management System Options

C.

Use the threshold view of Balance Forward Bill Infotile

D.

Use Receivables System Options

Full Access
Question # 6

When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.

Which receipt rule should you define?

A.

One per Invoice

B.

One per Customer, per due date

C.

One per Customer

D.

One per Site. per due date

Full Access
Question # 7

You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.

When assigning the tax regime to parties, what should you do to share all setup for Tax?

A.

Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.

B.

Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.

C.

Assign both business units to Global Configuration Owner.

D.

Assign the ledger to Global Configuration Owner.

E.

Assign two business units to First Party Configuration with Party Overrides.

Full Access
Question # 8

The AutoAc counting rule for the Revenue account is defined as follows:

When entering a manual invoice, the revenue account code combination is incomplete with the Department segment left blank. Which are the three reasons for this?

A.

Revenue Reference Accounts for Salesperson were not defined for the Transaction Business Unit

B.

Transaction Type was defined as Overapplication set to Yes but Post to GL set to No.

C.

Salesperson is not required on the transaction and is left blank.

D.

Revenue Reference Accounts were entered for all salespersons.

E.

No Sales Credit salesperson has no reference accounts.

Full Access
Question # 9

You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab. you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.

What is Nonrevenue Allocation?

A.

Sales credit allocation based on billing corrections

B.

Additional incentive-based sales credits

C.

Sales credits associated to deferred revenue

D.

Sales credit reversals due to credit memo creation

Full Access