Oracle Exam 1z0-1107-2 Topic 1 Question 29 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam

Question #: 29
Topic #: 1

Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)

ADefine BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle

BDefine BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer

CEnable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer

DDefine BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer

Show Suggested Answer

Suggested Answer: D

This is the recommended order of steps that needs to be followed to complete your configuration of the Balance Forward Billing feature. Balance Forward Billing is a feature that enables you to consolidate multiple invoices into a single bill and send it to your customers at regular intervals, such as monthly or quarterly.To configure Balance Forward Billing, you need to perform the following steps1:

Define BFB Billing Cycle: This step involves creating a billing cycle name, description, and frequency for generating balance forward bills.

Define BFB Payment Terms: This step involves creating payment terms that specify the due date and discount date for balance forward bills.

Enable BFB in the Customer Profile: This step involves enabling the Balance Forward Billing option in the customer profile class or customer account level.

Attach BFB Payment Terms to Customer: This step involves assigning the balance forward payment terms to the customer account or site level.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

by Arlette at Sep 18, 2024, 09:26 PM

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Jess

2 months ago

I don't know about you, but I'm feeling a bit 'balance forward' after staring at these answers for too long. B is the way to go, folks!

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Tamesha

2 months ago

Haha, I bet the exam designers are trying to trip us up with these convoluted options. I'm going with B, it just makes the most sense.

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Corazon

1 months ago

I agree with you, A seems like the correct order to configure the feature.

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Junita

1 months ago

Let's see, I'll go with B then.

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Fletcher

1 months ago

I'm not so sure, I think A might be the better option. It seems more systematic.

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Justa

2 months ago

I'm going with D, it seems logical to me.

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Cletus

2 months ago

I think B is the right choice too. It seems like the logical order.

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Louisa

2 months ago

I disagree, I believe it's C.

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Ardella

2 months ago

I think A is the correct order.

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Whitney

3 months ago

Option C is way too jumbled up. Who would enable the feature before defining the payment terms and billing cycle? Crazy!

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Willard

2 months ago

Definitely, option C does seem a bit confusing. It's important to define the payment terms and billing cycle before enabling the feature.

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Kara

2 months ago

I agree, option A seems like the logical order to follow for configuring the Balance Forward Billing feature.

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Tabetha

2 months ago

I think option A makes the most sense. Define payment terms first, then attach them to the customer, enable BFB, and define the billing cycle.

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Denna

3 months ago

I think the best order is B. Define the payment terms first, then the billing cycle, and finally enable it for the customer profile. Simple and logical.

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Kattie

1 months ago

I always follow the steps in order to avoid any issues later on. It's a good practice to be organized when configuring features like this.

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Jean

2 months ago

Definitely, getting the order right is crucial for a smooth configuration process. It's all about setting a solid foundation.

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Virgie

2 months ago

I agree, that makes sense. It's important to have the payment terms set up correctly before moving on to the billing cycle.

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Jesus

2 months ago

I think the best order is B. Define the payment terms first, then the billing cycle, and finally enable it for the customer profile. Simple and logical.

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