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Implementing and Managing Customer (Receipts) PaymentsImplementing and Managing Customer BillingImplementing Accounts Receivables Balances and ReportingSetting up Common Configurations in the Customer Invoice to Receipt ProcessMultiple ChoiceMulti Select

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Multiple ChoiceImplementing and Managing Customer (Receipts) Payments
Question 1. Which configuration meets the Supremo US requirement to create manual receipts without remittance and reconcile them in Cash Management?
A. Manual creation, No Remittance, By Matching.
B. Automatic creation, Standard Remittance, Directly.
C. Manual creation, Standard Remittance, Directly.
D. Automatic creation, Factoring Remittance, By Automatic Clearing.
Multiple ChoiceImplementing and Managing Customer Billing
Question 2. An organization defines a Payment Terms Threshold Policy of 120 days. An imported invoice has installments due after 60, 90, 120, 200, and 220 days. Assuming no other revenue contingencies, what happens to the invoice's revenue when the payment terms exceed the threshold?
A. Only revenue related to installments due after 120 days is deferred.
B. Revenue is recognized in full when the invoice is imported.
C. The entire invoice revenue is deferred, with recognition subsequently based on eligible payments received.
D. Revenue is deferred only for installments already overdue.
Multi SelectImplementing Accounts Receivables Balances and Reporting
Question 3. You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions. Which three event attributes should be used? (Choose three.)
A. Transaction number of amendments:
B. Transaction created by
C. Transaction last update date
D. Transaction creation date
E. Transaction type of update
Multi SelectImplementing and Managing Customer Billing
Question 4. 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 require manual removal whenever payment is not yet due.
B. Prior-billing customer acceptance must be recorded or have expired in the feeder system before invoice import.
C. Post-billing customer acceptance must expire or be explicitly accepted before revenue recognition.
D. Payment-based contingencies are removed solely by the passage of time.
E. Payment-based contingencies normally expire without an eligible payment event.
Multi SelectSetting up Common Configurations in the Customer Invoice to Receipt Process
Question 5. When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations? (Choose three.)
A. Liability- Unearned revenue
B. Revenue- Revenue
C. Liability-Accounts Payable
D. Owner’s equity
E. Asset - Remitted Receipts