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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?

A) Edit
B) Reject
C) Reassign
D) Approve
E) Request Information

2. Which two statements are true about Accounting for Tax on Receivables? (Choose two.)

A) For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
B) For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.
C) For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
D) For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
E) For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
F) For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.

3. Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

A) Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
B) Use Web Services to integrate with an external system that can handle this requirement.
C) Modify the Invoice Print Layout Bill Presentment Template.
D) Extend the "Print Receivables Transactions" program.

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

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

5. Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

A) Simple
B) Compound
C) Average
D) Flat Rate
E) Declining Balance

Solutions: