Identify three setups In Oracle Receivables that control how discounts are calculated. (Choose three.)

Question

Options

• Aprofile options
• Bpayment terms
• Csystem options
• Dreceipt classes
• Ecustomer profiles

• A
  93% (55)
• D
  3% (2)
• E
  3% (2)

Explanation

Profile options, payment terms, and system options are the three Oracle Receivables setups that directly govern discount calculation behavior. Profile options control system-wide discount settings (such as whether earned or unearned discounts are allowed), payment terms define the actual discount percentages and qualifying date windows (e.g., 2% if paid within 10 days), and system options determine how discounts are accounted for and applied during receipt processing. Receipt classes (D) are incorrect because they define how receipts are created, remitted, and cleared - not discount logic. Customer profiles (E) are incorrect because they manage credit limits, dunning, and statement cycles; while they may reference payment terms, they don't define the discount calculation rules themselves.

Memory tip: Think "PST - Policy, Schedule, Terms" → Profile options set the policy, System options set the accounting treatment, and payment Terms set the schedule of discounts. If an option is about who the customer is (profiles) or how cash moves (receipt classes), it's not controlling discount calculation.

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