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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?

A) Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
B) Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
C) Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
D) Cash Managers can create and manage bank accounts for only those business units to which they are given access.

2. 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 created by
C) Transaction last update date
D) Transaction creation date
E) Transaction type of update

3. You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?

A) Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
B) Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
C) Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
D) Cash Managers can create and manage bank accounts for only those business units to which they are given access.

4. Identify the receivables system option that relates to customers.

A) Receipt Method
B) Default Country
C) Reciprocal Customer
D) Automatic Site Numbering

5. When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A) leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
B) leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
C) removes the pending sales credits
D) removes the invoice line revenue contingencies

Solutions: