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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. What information does the Collector see in the Activities List area of the Collections Dashboard?
A) tasks assigned to the Collector, such as follow-up calls
B) status of processing activities from the Process Monitor
C) summary of aged transactions
D) customer search as per the parameter specified
E) customer's profile for each assigned customer
2. When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
A) manual receipt
B) AutoLockbox receipt
C) automatic receipt
D) miscellaneous receipt
E) quick cash receipt
3. 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) Reassign
C) Approve
D) Request Information
E) Reject
4. Which two are rules applicable to issue of refunds? (Choose two.)
A) You can refund receipts that are factored.
B) You can refund receipts that were either remitted or cleared.
C) You cannot refund more than either the original receipt amount or the remaining unapplied amount.
D) You can issue a credit card refund to a customer who has made a cash payment.
5. You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report?
A) Receivables Variance
B) Accounting Variance
C) Intercompany Variance
D) Tax Variance
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B,C | Question # 5 Answer: A,B |
By Sherry
