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In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.
At which details?
This is the level at which you can use the Age of Latest Payment data point to determine the number of days passed since the last payment was received from a customer. The Age of Latest Payment data point is calculated at the account level and shows the age of the most recent payment for each customer account. Verified Reference: [How You Define Scoring Components - Oracle]
Topic 2, Performance Based Questions
''Member Insights''
''Transaction Analysis''
Confirm the Oracle Applications Cloud Version
Note: The Oracle Applications Cloud environment might take some time to
launch.
1. Click on the Settings and Actions menu under your profile in the Oracle
Applications Cloud window.
2. Click on About This Application in the Settings and Actions menu.
3. Copy the complete version number from the About this Application
pop-up in the Oracle Application Cloud window.
4. Paste the version number in the box below.
5. Click Confirm.
After creating Receivables Activities using the General Ledger Rapid Implementation workbook upload process a Receivables Manager wants to review and make changes if required, to the account assignments created for these Receivables Activities.
Which two Receivables Activities DO NOT have account assignments to review and change?
These two receivables activities do not have account assignments to review and change because they are not posted to general ledger. They are used to calculate discount amounts for transactions and receipts. Verified Reference: [How You Define Receivables Activities - Oracle]
As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?
This is what happens when you run accounting without populating the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. The system will use AutoAccounting to derive the accounting distribution based on your AutoAccounting rules. Verified Reference: [How You Import Transactions Using AutoInvoice - Oracle]
Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Create a manual Receipt Class, where:
Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)
Receipts using this new receipt class will not be remitted
Organization will use Cash Management to clear their receipts
Log in to Oracle Financials Cloud.
Click on theReceipt Classesicon in theReceivableswork area.
Click on theCreatebutton.
In theReceipt Classwindow, enter the following information:
Name:XXReceipt Class (Replace XX with your allocated user ID.)
Creation Method:Manual
Remittance Method:No Remittance
Bank Account:The bank account that will be used to clear receipts for this receipt class.
Click on theSavebutton.
The new manual receipt class will be created.
To make sure that receipts using this receipt class will not be remitted:
Click on theRemittance Methodstab.
Select the check box next toNo Remittance.
Click on theSavebutton.
The receipts using this receipt class will now not be remitted.
Your customer receives their invoices via the XML delivery method. They want to receive billing transactions for specific sites only. Now you have been tasked with creating a very focused delivery method of XML transactions for this customer site that should be receiving the invoice.
To define this setup, you must add a new lookup code to the AR Features lookup type in the Manage Receivables Lookups task. Which lookup code would you use?
This lookup code is used to define the XML delivery method for a customer site. You can specify the XML delivery method in the customer profile or in the transaction source. Verified Reference: [Overview of Oracle Receivables - Oracle]
