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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
A) Trading Community Hierarchy Management Duty
B) Receipt Creation Duty
C) Payment Settlement Management Duty
D) Import Payables Invoices Duty
2. Manage Balance Forward Billing Cycles and Payment Terms
Scenario
You are a consultant for a client who is implementing the Balance Forward Billing feature in Oracle Financials Cloud. You have been asked to define Balance Forward Billing Cycle as well as Balance Forward Billing Payment Terms so that your client can generate consolidated bills.
Task:
Define Balance Forward Payment Terms, where:
Name of the payment term is XXNet 30 (Replace XX with 03, which is your allocated user ID.) Payment terms are accessible to all business units Discounts are applicable to the full invoice amount Discounts are applicable even when the customer does not send a full payment Payment terms are effective as of January 1. 2023
3. If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)
A) a debit memo line
B) an inventory item
C) a standard memo line
D) a purchasing item
E) a credit memo line
4. You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
A) Customer Name, Customer Billing Address, Customer Bank Account
B) Customer Number, Customer Account Number, Customer Site Number
C) Customer Number, Customer Billing Address, Customer Bank Account
D) Customer Name, Customer Account Number, Customer Site Number
5. A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
A) Pending Approval
B) Forwarded for Approval
C) Pending Research
D) Approval Required
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: Only visible for members | Question # 3 Answer: B,C | Question # 4 Answer: B | Question # 5 Answer: A |
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