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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. In what three ways will changing customer information impact the collection process? (Choose three.)

A) Changing information on the Profile tab does not have an impact on the level at which collections are done.
B) Making changes on the Profile tab impacts the collection process.
C) Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
D) Changing the Collector impacts the individual working with the delinquent customer.
E) Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.

2. To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.

A) Revenue Scheduling Rules
B) AutoCash Rules
C) AutoMatch Rule Sets
D) Aging Methods
E) Customer Site

3. The AutoAc counting rule for the Revenue account is defined as follows:

When entering a manual invoice, the revenue account code combination is incomplete with the Department segment left blank. Which are the three reasons for this?

A) Transaction Type was defined as Overapplication set to Yes but Post to GL set to No.
B) No Sales Credit salesperson has no reference accounts.
C) Revenue Reference Accounts for Salesperson were not defined for the Transaction Business Unit
D) Revenue Reference Accounts were entered for all salespersons.
E) Salesperson is not required on the transaction and is left blank.

4. When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?

A) You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
B) You can select only a Closed accounting period.
C) You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
D) You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.

5. You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.
Which three event attributes should be used?

A) Transaction created by
B) Transaction creation date
C) Transaction last update date
D) Transaction type of update
E) Transaction number of amendments

Solutions: