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Guide for Oracle Financials Cloud: Receivables 2019 Implementation Essentials

Quiz Oracle Financials Cloud: Receivables 2019 Implementation Essentials

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/ 10

Quiz

1/10
You created a bills receivable that is factored with recourse and applied a wrong receipt to
the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
Select the answer
2 correct answers
A.
If the bills receivable is recalled before the maturity date, the status of the bills receivable is
updated to Protested.
B.
If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated
to Hold.
C.
If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated
to Recall.
D.
If the bills receivable is recalled before the maturity date, the status of the bills receivable is
updated to Pending Remittance.
E.
If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated
to Unpaid.

Quiz

2/10
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are
asked a number of questions about how to run the report.
Which statement is true?
Select the answer
1 correct answer
A.
You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied
receipts.
B.
You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
C.
You can include or exclude intercompany transactions, or you can reconcile by intercompany
activity only.
D.
You can select only a Closed accounting period.

Quiz

3/10
Your customer has three business units. The customer wants to share customer account
addresses across these business units.
Which reference data set can be used to achieve this?
Select the answer
1 correct answer
A.
Create a new reference data set for account addresses and assign it to the business units.
B.
Assign a COMMON reference data set to the business units, which share the account addresses.
C.
Assign an enterprise reference data set to the business units, which share the account addresses.
D.
Create a separate reference data set for each business unit and assign it to each unit.

Quiz

4/10
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval
limit.
What is the status of the adjustment?
Select the answer
1 correct answer
A.
Pending Approval
B.
Forwarded for Approval
C.
Pending Research
D.
Approval Required

Quiz

5/10
Where is the summary delinquency data displayed In the Collections Work Area?
Select the answer
1 correct answer
A.
Transactions Tab
B.
History Tab
C.
Profile Tab
D.
Aging Tab

Quiz

6/10
Identify two values that default from Customer Profile Classes. (Choose two.)
Select the answer
2 correct answers
A.
Business Purpose
B.
Statement Cycle
C.
Legal Entity
D.
Tax
E.
Payment Terms

Quiz

7/10
After a customer bankruptcy is approved, what happens in the Collections application?
Select the answer
1 correct answer
A.
Collection activities are suspended, delinquent transactions no longer appear on the Collections
Work Area and customer status is changed to Bankrupt.
B.
Collection activities remain active, delinquent transactions appear in the Collections Work Area
but customer status is changed to Bankrupt.
C.
Collection activities are suspended and delinquent transactions appear in the Collections Work
Area.
D.
The Bankrupt Customer Collection job is automatically submitted to close all open transactions for
the customer.

Quiz

8/10
Which two setups are required to ensure that the same tax is applied on both intercompany payable
and intercompany receivable invoices? (Choose two.)
Select the answer
2 correct answers
A.
Intercompany system options enable use of the same tax rate code for the payable and receivable
invoices.
B.
The payable options and the receivable system options should have the same tax application
options.
C.
Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
D.
First enter a payable transaction to calculate tax and then enter the receivable transaction.
E.
Ensure if any tax-specific rules that are defined should cover both the sales_transaction and
purchase_transaction business category.
F.
Ensure that both the receiver and provider business units and legal entities are subscribed to the
applicable tax regime on the transaction date.

Quiz

9/10
Which two statements are true regarding the Promise to Pay feature in the Collections application?
Select the answer
1 correct answer
A.
Mass promise to pay amounts automatically become partial payments.
B.
You cannot cancel a promise made in error if it is before the promise due date.
C.
Promise information is updated by scheduling the Promise Reconciliation process.
D.
You can cancel a promise made in error if it is before the promise due date.

Quiz

10/10
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose
two.)
Select the answer
2 correct answers
A.
Import Payables Invoices Duty
B.
Receipt Creation Duty
C.
Trading Community Hierarchy Management Duty
D.
Payment Settlement Management Duty
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  • Quiz name:Oracle Financials Cloud: Receivables 2019 Implementation Essentials
  • Total number of questions:109
  • Number of questions for the test:50
  • Pass score:80%

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