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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which two are Late Charge Calculation Methods?

A) Late Payments Only
B) Credit Items and Disputed Transactions
C) Overdue Invoices Only
D) Adjustment

2. Which two statements are true about configuring Collection Strategies?

A) You need to define an Aging Method that meets the requirements of your organization.
B) You need to create Scoring Formulae (or use predefined Scoring Formulas).
C) You need to SGI the (Collections Method to Strategies for the relevant business unit.
D) You need to create Strategy Tasks of the type "Automatic" only.

3. When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?

A) Order line Credit Limit
B) First Review Date
C) Credit Review Cycle
D) Credit Limit

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

A) When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
B) The Implementation Project is preconfigured and cannot be deleted or changed.
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) 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.
E) You must plan your Implementation Project carefully because you cannot delete it or make changes later.

5. You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?

A) Assign both business units to Global Configuration Owner.
B) Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.
C) Assign the ledger to Global Configuration Owner.
D) Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.
E) Assign two business units to First Party Configuration with Party Overrides.

Solutions: