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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. Which statement is true about Balance Forward Billing?
A) Transactions included on a Balance Forward Bill can be updated.
B) The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
C) Balance Forward Bills must be enabled at each bill-to-site level.
D) Balance Forward Bills can be created for a future date.
2. What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
A) Manage Receipt Remittance Batches
B) Lockbox Transmission History
C) Create Automatic Receipts
D) Create Receipt Remittance Batch
E) Correct Funds Transfer Errors
3. it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.
Which two steps will help achieve this?
A) Define a business purpose of invoice to each customer address.
B) Define a netting agreement between the two customer accounts.
C) Define a relationship between the two customer accounts.
D) Select the Allow payment of unrelated transactions Receivables System Option.
E) Define and share a cash pool bank account between the customers.
4. While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, you notice that it is only displaying balance forward Mis raised in the last month.
How can you increase the number of months to view past balance forward bills?
A) Add the number of months as a value for the BILL.MANAGEMENT lookup code
B) Use Bill Management System Options
C) Use the threshold view of Balance Forward Bill Infotile
D) Use Receivables System Options
5. Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.
A) The transaction date falls in a closed period.
B) The transaction is an invoice.
C) The transaction type is not associated with a credit memo type.
D) The invoice is not closed.
E) The transaction is partially paid.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,C,D | Question # 3 Answer: C,D | Question # 4 Answer: B | Question # 5 Answer: C |



