Question 1

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.

Options :

A : Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

B : The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

C : Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

D : The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

E : Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

F : The customer does not have the default strategy and default collector assigned at the customer account and site level.

Answer: B,C

Question 2

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.

What is the status of the adjustment?

Options :

A : Pending Approval

B : Forwarded for Approval

C : Pending Research

D : Approval Required

Answer: A

Question 3

Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?

Options :

A : 38.34 : 48.34 : 8.32 : 5

B : 35: 45 : 5: 5

C : 38: 47.5: 9.5: 5

D : 40: 50: 5: 5

Answer: D

Question 4

You are configuring tax for Receivables to cash transactions.

Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)

Options :

A : Ship-to party

B : Ship-from party

C : Point of origin party

D : Point of acceptance party

E : Bill-to party

Answer: B,C

Question 5

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

Options :

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 business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Answer: D

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