Question 21

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?
  • Question 22

    You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms.
    Payment Term = Net 30; Reference Data Set = Enterprise Set
    Payment Term = Net 45; Reference Data Set = Enterprise Set
    Payment Term = 1%/10 Net 30; Reference Data Set = USA Set
    Payment Term = Net 45; Reference Data Set = USA Set
    If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?
  • Question 23

    Identify the dunning letter template set provided by an application.
  • Question 24

    After creating Receivables Activities using the General Ledger Rapid Implementation workbook upload process a Receivables Manager wants to review and make changes if required, to the account assignments created for these Receivables Activities.
    Which two Receivables Activities DO NOT have account assignments to review and change?
  • Question 25

    Which three receipt types can be reversed in the Cloud?