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| Section | Weight | Objectives |
|---|---|---|
| Customer Management | 20% | - Credit Management
|
| Receipt Processing and Application | 20% | - Receipt Creation
|
| Transaction Processing | 25% | - Invoicing
|
| Receivables Setups | 22% | - Receipts Setup
|
| Collections and Period Close | 13% | - Period Close
|
1. What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?
A) Create a New Transaction
B) Complete and Review
C) Incomplete Transaction
D) Reverse the Transaction
2. The Billing Specialist created and completed an invoice for $100 for Customer A.
She prints the invoice and realizes that the invoice should have been created for Customer B, not Customer A.
The accounting for the transaction for Customer A is posted to the General ledger. How can this be corrected?
A) Create an adjustment for the entire amount and create a negative adjustment for Customer B.
B) Navigate to credit transaction link in the billing work area, credit the entire amount, and enter a new invoice for Customer B.
C) Change the status of invoice to incomplete, and enter a new invoice for Customer B.
D) Create an on account credit memo for $100 for the invoice and enter a new invoice for Customer
3. The communication information region in the customer account record is used to maintain what customer information?
A) Payment Instruments
B) Account Relationships
C) Account Profiles
D) Job Responsibilities
4. What are the two parameters on which Collectors can create and save customer lists?
A) Currency
B) Work Status
C) Priority
D) Aging Bucket
5. Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?
A) The reasons for the reconciling differences
B) Drilldown to see what needs to transfer and post to the general ledger
C) Limiting the display using the ad hoc parameter
D) Graphical and visualization components for viewing the reconciliation details
E) Drilldown to see reconciling details
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B,C | Question # 5 Answer: B |
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