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Q11. Which are the two interface tables that transaction data will be imported to when using the Autoinvoice Feature?

A. AR_INTERFACE_CONTS_ALL

B. AR_INTERFACE_CONT_ALL

C. RA_INTERFACE_SALES_ALL

D. RA_INTERFACE_DISTRIBUTIONS_ALL

E. RA_INTERFACE_DIST_ALL

Answer: C,D

Explanation:

Note: AutoInvoice Gather Statistics Allowed: If you set this profile option to Yes, then when you submit AutoInvoice, the program first analyzes the interface tables (RA_INTERFACE_LINES_ALL, RA_INTERFACE_DISTRIBUTIONS_ALL, and

RA_INTERFACE SALESCREDITS_ALL) and gathers statistics to determine how best to execute the transaction import.

Q12. There are a few customers that you do not want to send dunning letters to. How would you exclude these customers from dunning?

A. Disable Send Dunning Letter in Transaction Type.

B. Disable Send Dunning Letter on the Profile tab.

C. Disable Send Dunning Letter in Collections Preferences.

D. Disable Send Dunning Letter on the Correspondence tab.

E. Disable Send Dunning Letter in Transaction Source Type.

Answer: D

Q13. Which three scenarios require a debit memo reversal?

A. To reverse a miscellaneous receipt

B. To reverse a receipt that has a chargeback with an adjustment against it

C. To reverse a receipt with remitted credit card refund application

D. To reverse Receipt A that was applied to Receipt B and where the reversal draws balance of Receipt B positive

E. To reverse Receipt A that was applied to Receipt B and reversal would draw balance of Receipt B negative

Answer: B,C,E

Explanation: You must create a debit memo reversal under each of these circumstances:

* (B) You are reversing a receipt from which you have created a chargeback, and this chargeback has had activity against it, such as another receipt, a credit memo, or an adjustment.

* (C) You are reversing a receipt with a remitted credit card refund application.

* (E) You are reversing a receipt (Receipt A) that was applied to another receipt (Receipt B), if the reversal would draw the balance of Receipt B negative.

Reference: Fusion Applications Help, Debit Memo Reversals: Points to Consider

Q14. You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the Manage Transactions user interface to enter the correct transaction. Which two actions does the Manage Transactions user interface allow you to perform for the Rebill task?

A. Duplicate the original transaction.

B. Create a credit memo.

C. Incomplete the transaction.

D. Reverse the Transaction.

E. Correct the unit price.

Answer: A,B

Explanation: When do I credit and rebill a transaction?

Sometimes the simplest way to manage a credit transaction is to credit and rebill. You credit the entire balance of an invoice (B), duplicate the original invoice (A) and update the duplicate with the correct information, then resubmit to the customer.

Common scenarios for credit and rebill include:

A customer indicates that an invoice does not reflect the correct price of a product or service. The customer requests a new invoice with the correct information.

A customer wants to correct their accounting directly in the subledger, instead of making a manual journal entry in general ledger. With credit and rebill, the credit memo reverses the accounting of the original invoice, and the updated duplicate invoice creates new accounting for posting to general ledger.

The customer wants to change the bill-to information on a posted transaction. Reference: Oracle Fusion Applications Order Fulfillment, Receivables, Payments, Cash,

and Collections Guide, When do I credit and rebill a transaction?

Q15. The Accounts Receivables Specialist reviews receipt with a status of Pending from the Review Customer Account Details UI in the Receivables work area. She has to reverse a particular receipt.

What action does she take?

A. Navigate to the Create Automatic Receipts UI the receipt, and create a debit memo.

B. Navigate to the Create Receipts UI and create a new receipt for the customer.

C. Navigate to the Manage Receipts UI, reverse the receipt, and create a credit memo.

D. Navigate to the Manage Receipts UI, reverse the receipt, and create a debit memo.

Answer: C

Explanation:

Note:

* Reverse Receipt

You can use this action to reverse receipts or refunds. This action raises a business event, reverses the receipt, reopens the original transaction, and removes payment

* When you reverse a receipt, Oracle Fusion Receivables automatically creates reversal journal entries in the general ledger and reopens all of the debit and credit items that were closed by the receipt.

You can reverse a receipt that was applied to transactions with adjustments or chargebacks, provided the adjustments and chargebacks have not posted to general ledger

Q16. You have completed the period-end activities and have set the receivables period to Close Pending. Now you need to make further adjustments. What is the correct approach?

A. The receivables accounting period can be re-opened when the period status is Close Pending, and last minute adjustments can be made.

B. Once the receivables accounting period is set to Close Pending, it can NOT be re- opened, and NO further adjustments can be made.

C. Adjustments can be made even if the receivables accounting period is set to Close Pending.

D. Adjustments can be made anytime regardless of the receivables accounting period value.

Answer: A

Explanation: status of periods:

Closed: Journal entry, posting, and transaction entry are not allowed unless the accounting period is reopened. Receivables verifies that there are no unposted items in this period. Receivables does not let you close a period that contains unposted items.

Close Pending: Similar to Closed, but does not validate for Unposted items. Journal entry, posting, and transaction entry are not allowed unless the accounting period is reopened. Future: This period is not yet open, but you can enter transactions in this period. However, you cannot post in this period until you open it.

Not Opened: This period has never been opened and journal entry and posting are not allowed.

Open: Journal entry and posting are allowed.

Q17. Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

A. Auto Accounting Rule for revenue line type

B. Revenue Account Specified in Debit Memo transaction type

C. Cash account on the receipt

D. Revenue account of the original transaction to which the receipt is applied

Answer: C

Explanation: Reference: Debit Memo Reversals: Points to Consider, Accounting for Debit Memo Reversals

Q18. What three Work Areas are used to review and manage actionable items before the closing period?

A. The Billing Work Area for invoicing and adjustment approval related activities

B. The Receivables Balances Work Area for customer payment and credit application processing

C. The Revenue Adjustments Work Area for contingencies affecting revenue recognition

D. The Receivables Balances Work Area for invoicing and adjustment approval related activities.

E. The Revenue Adjustments Work Area for customer payment and credit application processing.

Answer: A,B,C

Explanation: A: Use the Billing workarea to perform tasks related to customer billing activities. Monitor and review incomplete transactions, and approve and research pending adjustments. Use AutoInvoice to import transactions from other systems and generate invoices and credit memos automatically according to your requirements. You can easily review and correct AutoInvoice import errors and resubmit AutoInvoice. Create new invoices, debit memos, credit memos, and on-account credit memos. Perform related activities to manage your transactions: update, duplicate, credit, adjust, dispute, and preview a transaction. You can also create a new customer record and manage existing customers from the Billing workarea.

B: Use the Receivables Balances workarea to perform tasks related to customer payment activities and the management of accounts receivable balances. Review actionable items, including open receipts and receipt batches, unapplied and on-account receipts and credit memos, receipt remittance batches, and funds transfer errors.

C: Revenue Management Workarea

Use the Revenue Management workarea to perform tasks related to revenue recognition and revenue adjustments

Reference: Oracle Fusion Receivables: Overview

Q19. 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.

Answer: A

Explanation: Reference: Oracle Fusion Applications Financials Implementation Guide , Period Close Components: Explained

Q20. What is the name of the Work area that is used to access Functional Setup Manager?

A. Functional Work Area.

B. Functional Setup Manager

C. Customization Manager

D. Setup and Maintenance

E. Customize setup and Maintenance

Answer: C