Oracle 1z1-962 Value Pack (Frequently Bought Together)

Identify two late charge interest calculation methods. (Choose two.)

• A. Overdue Transactions only
• B. Adjusted Balance
• C. Average Daily Balance
• D. Previous Balance

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)

• A. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
• B. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
• C. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• D. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing.
  Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• E. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

What are the three setup steps required to implement the Lockbox feature? (Choose three.)

• A. Receipt Classes and Receipt Methods
• B. Lockbox and Lockbox Transmission Formats
• C. late charges
• D. credit card refunds
• E. Receipt Sources

Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

• A. Assign an enterprise reference data set to the business units, which share the account addresses.
• B. Create a separate reference data set for each business unit and assign it to each unit.
• C. Assign a COMMON reference data set to the business units, which share the account addresses.
• D. Create a new reference data set for account addresses and assign it to the business units.

You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)

• A. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
• B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
• C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
• D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
• E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.