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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.

A) automatic receipt
B) manual receipt
C) miscellaneous receipt
D) AutoLockbox receipt
E) quick cash receipt

2. Which three transaction types are used to generate late charges? (Choose three.)

A) Debit Memo
B) Credit Memo
C) Cash Receipts
D) Interest Invoice
E) Adjustments against the original transaction

3. Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

A) Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield
B) Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield
C) Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield
D) Line-level transaction flexfield and Header-level transaction flexfield

4. Which three receipt types can be reversed in the Cloud?

A) Miscellaneous receipts
B) Credit card chargebacks posted to GL
C) Receipts that are archived
D) Invoice-related receipts
E) Receipts applied to open receipts

5. Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

A) You must plan your Implementation Project carefully because you cannot delete it or make changes later.
B) You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.
C) You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
D) When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
E) The Implementation Project is preconfigured and cannot be deleted or changed.

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