In Oracle Utilities Customer Cloud Service, Financial Transaction creation algorithms play a pivotal role in the financial processes. The correct answers are:
They control how the payoff balance is affected (Option A): These algorithms can determine the way in which financial transactions impact the payoff balance of a customer's account.
They control if and how the General Ledger entries are created (Option D): Financial Transaction creation algorithms can dictate the creation of General Ledger entries, which are essential for accurate financial accounting and reporting.
They control how the current balance is affected (Option E): The algorithms have a direct influence on how financial transactions impact the current balance of a customer's account.
These algorithms are vital for ensuring that financial transactions are processed correctly and reflect accurately in various financial reports and customer account balances62†source63†source64†source65†source.
References:
Oracle documentation on Financial Transaction - FT Process: Financial Transaction - FT Process62†source.
Oracle documentation on An Overview of the Bill Creation Process: An Overview of the Bill Creation Process63†source.
Oracle documentation on Algorithms: Algorithms64†source.
Oracle documentation on Algorithms in Customer Care and Billing Cloud Service:
Algorithms65†source.