ABC Company is Implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger. Which two statements are correct about the control mechanisms that Receivables can provide? (Choose two.)

1. A. Oracle approval limit can be used to approve or reject the invoices.
2. B. Oracle approval limit can be used to approve or reject the credit memos.
3. C. Oracle approval limit can be used to approve or reject the adjustment activities.
4. D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the Invoices.
5. E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.
6. F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.

Correct Answer: CE

XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment*. What must be defined In order for the General Ledger Transfer process to execute without error?

1. A. gain account
2. B. revenue account
3. C. expense account
4. D. rounding account
5. E. suspense account

Correct Answer: E

Select four key system options in Oracle Receivables that are related to customers. (Choose four.)

1. A. default country
2. B. receipt method
3. C. automatic site numbering
4. D. create reciprocal customer
5. E. customer credit classification
6. F. automatic customer numbering
7. G. allow payment of unrelated transactions

Correct Answer: CDFG

Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

1. A. risk code
2. B. credit rating
3. C. payment terms
4. D. credit review type
5. E. credit classification

Correct Answer: DE

A receipt of $2,000 Is received for an Invoice that has $1,500 as the amount due. The remittance advice does not state a reason for the overpayment Identify the receipt state that should be displayed;

1. A. applied
2. B. unapplied
3. C. on-account
4. D. unidentified
5. E. partially applied

Correct Answer: B