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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. Which configuration step is required for processing Collections disputes?
A) Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
B) Define Dispute Thresholds in Collections Preferences.
C) Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
D) Define Aging Method to be used with disputed transactions.
2. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
A) by Source Document Line andtime frame
B) by Item and time frame
C) by Source Document and time frame
D) by Quote Number and time frame
E) by Customer and time frame
3. 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) Transactions included on a Balance Forward Bill can be updated.
C) Balance Forward Bills can be created for a future date.
D) Balance Forward Bills must be enabled at each bill-to-site level.
4. You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
A) recall days
B) risk elimination days
C) collection days
D) clearing days
E) lead days
F) short-term debt clearing days
5. When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?
A) automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
B) manually by using Chargeback Reversal activities
C) automatically by using the Adjustment Reversal and Chargeback Reversal activities
D) manually, but without using the Adjustment Reversal and Chargeback Reversal activities
E) manually by using Adjustment Reversal activities
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,C | Question # 3 Answer: D | Question # 4 Answer: F | Question # 5 Answer: C |








