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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

A) Guarantee
B) Debit Memo
C) Charge Back
D) Deposit
E) Credit Memo

2. Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?

A) Tasks assigned to the collector such as follow-up calls.
B) Summary of aged transactions.
C) List of broken payment promises.
D) List of delinquent customers.

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

4. Which four output file types are available when you run the "Print Receivables Transactions" program?

A) JPG
B) Word
C) Zipped PDFs
D) HTML
E) Excel
F) PDF

5. In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)

A) Customer Japan can pay for Customer West, Customer USA, and its own transactions.
B) Customer Japan can pay its own transactions.
C) Customer USA can pay for Customer West and its own transactions.
D) Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
E) Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.

Solutions: