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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

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

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

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

3. An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.

A) Unearned revenue will be debited for $50 US
B) Earned revenue will be debited for $50 USD.
C) Unearned revenue will be credited for $100 USD.
D) Earned revenue will be credited for $50 USD.

4. Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A) The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
B) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
C) The program allows table hierarchies for customer bank accounts, but not for other customer information.
D) The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
E) No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

5. Identify two late charge interest calculation methods. (Choose two.)

A) Previous Balance
B) Adjusted Balance
C) Overdue Transactions only
D) Average Daily Balance

Solutions: