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| Section | Objectives |
|---|---|
| Collections and Billing Extensions | - Advanced Receivables Functions
|
| Processing Customer Payments | - Receipt Management
|
| Receivables Configuration | - System Setup
|
| Customer and Account Configuration | - Customer Setup
|
| Managing Customer Billing | - Transaction Processing
|
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
Correct Answer: B,C 🗳️
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.)
Correct Answer: C,E 🗳️
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
Correct Answer: B 🗳️
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?
Correct Answer: C 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
Correct Answer: A,C,E 🗳️
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