Online Access Free 1z1-335 Exam Questions

Identify the different dunning letter versions provided to the customer.

• A.Regular, Medium, Hard
• B.Final Demand, Soft, Medium
• C.Regular, Final Demand, Medium
• D.Soft, Regular, Hard

What is the impact on transactions if you change the billing cycle for a customer of group of customers?

• A.Existing transactions with NO activity retain the old billing cycle.
• B.Existing transactions with activity adapt the; new billing cycle.
• C.New transaction after this change inherit the new billing cycle.
• D.The billing cycle does NOT have any impact on new transactions.

What are the three Multiple Receipt Creation Methods available?

• A.Manual receipt creation
• B.Standard remittance
• C.Lock box
• D.Automatic
• E.Factor remittance

Select a scenario that is NOT eligible for receipt reversal.

• A.Reversing a receipt applied to a transaction with a chargeback that has been posted to
  UK-General Ledger
• B.Reversing credit card refund receipts
• C.Reversing receipts that were applied to open receipts and both receipts have positive balance post reversal
• D.Reversing a miscellaneous receipt

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?

• A.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• B.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
• C.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.
• D.Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
• E.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.