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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which statement is true about Balance Forward Billing?

A) The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
B) Balance Forward Bills can be created for a future date.
C) Transactions included on a Balance Forward Bill can be updated.
D) Balance Forward Bills must be enabled at each bill-to-site level.

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

3. You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?

A) BI Publisher
B) BI Composer
C) Dashboard Builder
D) BI Answers

4. You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

A) Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
B) Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
C) Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
D) The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
E) The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
F) The customer does not have the default strategy and default collector assigned at the customer account and site level.

5. Which two statements are true regarding the Promise to Pay feature in the Collections application?

A) You can cancel a promise made in error if it is before the promise due date.
B) You cannot cancel a promise made in error if it is before the promise due date.
C) Mass promise to pay amounts automatically become partial payments.
D) Promise information is updated by scheduling the Promise Reconciliation process.

Solutions: