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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
B. removes the pending sales credits
C. removes the invoice line revenue contingencies
D. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

Answer: C

NEW QUESTION # 49
After a customer bankruptcy is approved, what happens in the Collections application?

A. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
B. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
C. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
D. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.

Answer: C

NEW QUESTION # 50
Which three receipts can be automatically applied by a system? (Choose three.)

A. receipts created in a spreadsheet and uploaded
B. miscellaneous receipts
C. receipts that are manually created
D. receipts that are unapplied
E. receipts created in a lockbox and uploaded

Answer: B,C,E

NEW QUESTION # 51
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

A. Approved
B. Pending Approval
C. Pending My Approval
D. Pending Approval From Managers
E. Pending My Research

Answer: C,E

NEW QUESTION # 52
Identify the dunning letter template set provided by an application.

A. Regular, Final Demand, Medium
B. Soft, Regular, Hard
C. Final Demand, Soft, Medium
D. Regular, Medium, Hard

Answer: C

NEW QUESTION # 53
......

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Chris Hall Chris Hall

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