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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which three benefits do intercompany reconciliation reports provide to an accountant?

A) Displaying clearing company balancing lines.
B) Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
C) Comparing receivables and payables account balances and identifying discrepancies.
D) Displaying intercompany receivables and payables balancing lines.

2. Which two determinant types are used in reference data assignment? (Choose two.)

A) Account Segment
B) Business Unit
C) Project unit
D) Project Segment

3. Manage Collectors
Scenario:
You are responsible for defining a new collector. who will perform collection activities across multiple business units.
Task:
Create a new Collector. where:
Name of the collector is (Replace XX with 03. which is your allocated User ID.) Collector must be available to all business units.
Collector maps to employee FASXX Student (Replace xx with 03, which is your allocated User ID.)

4. What are the three setup steps required to implement the Lockbox feature? (Choose three.)

A) late charges
B) Receipt Classes and Receipt Methods
C) Lockbox and Lockbox Transmission Formats
D) Receipt Sources
E) credit card refunds

5. You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?

A) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
B) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
C) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
D) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"

Solutions: