[Free] 2018(Jan) EnsurePass Dumpsleader Oracle 1z0-335 Dumps with VCE and PDF 71-80

Ensurepass.com : Ensure you pass the IT Exams
2018 Jan Oracle Official New Released 1z0-335
100% Free Download! 100% Pass Guaranteed!
http://www.EnsurePass.com/1z0-335.html

Oracle Financials Cloud: Receivables 2016 Implementation Essentials

Question No: 71

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

  1. Manually using the Adjustment Reversal

  2. Manually using Chargeback Reversal activities

  3. Automatically using the Adjustment Reversal and Chargeback Reversal activities

  4. Automatically, but WITHOUT using the Adjustment Reversal and Chargeback Reversal activities

  5. Manually, but WITHOUT using Adjustment Reversal and Chargeback Reversal activities

Answer: C

Explanation: When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.

Reference: Using Receivables Activity Types

Question No: 72

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

  1. removes the Invoice line revenue contingencies

  2. leaves the Invoice line revenue contingencies until Reconcile Revenue Contingencies is run

  3. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

  4. removes the pending sales credits

Answer: A

Question No: 73

Which two statements are true about creating and clearing receipts for bills receivable remittances?

  1. For standard remittances, Receivables updates the status of the bills receivable to Closed by running the close Matured bills receivable program to create receipts and apply them to the bills receivable, either at the maturity date plus the number of collection days or at the remittance date plus the number of collection days, whichever is later.

  2. For bills receivables that factored with recourse, the receipt is applied to short-term debt and the status of the bill is updated to paid.

  3. For factored remittances, receivables creates a receipt when a remittance is submitted.

  4. For bills receivables that factored without recourse, the receipt is applied is applied to the bills receivable upon remittance and the status of the bill is updated to Closed.

  5. For factored remittances with the automatic clearing method, run the Automatic clearing program to clear receipts on the receipt date plus the number of collection days.

  6. For standard remittances, Receivables updates the status of the bills receivable to Remitted by running the close Matured bills receivable program to create receipts and apply them to the bills receivable, either at the maturity date plus the number of collection days or at the remittance date plus the number of collection days, whichever is later.

Answer: A,C Explanation:

https://docs.oracle.com/cloud/latest/financialscs_gs/FAOFC/FAOFC1479830.htm Receivables creates a receipt for each bill receivable that is remitted to the bank. The bills receivable remittance receipt method for the remittance batch determines when a receipt is created. You create a receipt to record the accounting event of the expected funds transfer. The receipt creation process differs for standard and factored remittances:

->Standard remittances: Run the Close Matured Bills Receivable program to create

receipts and apply them to bills receivable, either at the maturity date plus the number of collection days or at the remittance date plus the number of collection days, whichever is later. Receivables updates the status of the bill receivable to Closed when the receipt is applied to the bill receivable.

->Factored remittances: Receivables creates a receipt when a remittance is

approved. For bills receivable that are factored with recourse, the receipt is applied to short term debt and the status of the bill is updated to Remitted. For bills receivable factored without recourse, the receipt is applied to the bill receivable upon remittance and the status of the bill is updated to Closed.

Question No: 74

Oracle has seeded out of the box printing templates defined for each transaction class.

How many pre-seeded templates are available?

  1. 4

  2. 6

  3. 5

  4. 8

Answer: A

Question No: 75

Which option must be set up in order to adjust an invoice and enter an amount greater than the balance due?

  1. Set the Allow Overapplication on receivables activity to Yes.

  2. Set the Allow Overapplication on transaction type to Yes.

  3. You can NOT enter on amount, greater than the balance due.

  4. Set the Allow Overapplication on the profile options to Yes.

Answer: B

Explanation: The Overapplication rule is always the last rule in an application rule set. This rule applies any remaining receipt amount after the balance due for all charges has been reduced to zero.

If the transaction type for the debit item allows overapplication, Receivables applies the remaining amount to the lines, making the balance due negative. If the transaction type for the debit item does not allow overapplication, you can either place the remaining amount on-account or leave it unapplied.

Reference:

OracleŚļź Fusion Applications Financials Implementation Guide, Overapplication Rule

Question No: 76

Which role provide access to Receivables – Revenue Adjustments Real Time OTBI Subject area?

  1. Accounts Receivable specialist.

  2. Billing Specialist.

  3. Accounts receivable Manager

  4. Revenue Manager

Answer: A

Question No: 77

What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?

  1. Incomplete Transaction

  2. Complete and Review

  3. Reverse the Transaction

  4. Create a New Transaction

Answer: B

Reference: Fusion Applications help, Process Billing Adjustments FAQs

Question No: 78

Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?

  1. Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.

  2. Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.

  3. If there is a legal entity associated with the business unit used on the transaction, then the system date is used.

  4. Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.

Answer: D

Reference: Fusion Applications Help, Legal Entity Time Zones in Receivables: Explained

Question No: 79

Select a scenario that is NOT eligible for receipt reversal.

  1. Reversing a miscellaneous receipt

  2. Reversing a receipt applied to a transaction with a chargeback that has been posted to UK-General Ledger

  3. Reversing credit card refund receipts

  4. Reversing receipts that were applied to open receipts and both receipts have positive balance post reversal

Answer: B

Question No: 80

The drilldown option available in the task pane for receipts does NOT include

.

  1. Create Remittance via Spreadsheet

  2. Correct Funds Transfer Errors

  3. Lockbox Transmission History

  4. Create Receipt via Spreadsheet

Answer: B

100% Ensurepass Free Download!
Download Free Demo:1z0-335 Demo PDF
100% Ensurepass Free Guaranteed!
1z0-335 Dumps

EnsurePass ExamCollection Testking
Lowest Price Guarantee Yes No No
Up-to-Dated Yes No No
Real Questions Yes No No
Explanation Yes No No
PDF VCE Yes No No
Free VCE Simulator Yes No No
Instant Download Yes No No

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.