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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?

A. Set Preferred Contact Method to XML
B. Set Preferred Delivery Method to XML
C. Select the Enable OAGIS 10.1 XML Format Check Box
D. Set Preferred Delivery Methods to Email
E. Select the Enable XML Invoicing Check Box for Relevant Transaction Classes

Answer: A,E

NEW QUESTION # 51
Which three benefits do intercompany reconciliation reports provide to an accountant?

A. Displaying intercompany receivables and payables balancing lines.
B. Comparing receivables and payables account balances and identifying discrepancies.
C. Displaying clearing company balancing lines.
D. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

Answer: A,B,D

NEW QUESTION # 52
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

A. Verify Customer Payments.
B. Assign a Collector to a delinquent customer.
C. View the Total Amount Due for delinquent customers.
D. Record an activity to create a task or tasks to follow up on a delinquent customer.
E. Update the work status of a work item for a delinquent customer.

Answer: B,D,E

NEW QUESTION # 53
The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A. receipts creation in a spreadsheet
B. Lockbox receipts creation
C. automatic receipts creation
D. manual receipt entry

Answer: A

NEW QUESTION # 54
The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

A. credit reversal
B. clearing payment information
C. debit memo reversal
D. receipt reversal
E. change of instrument

Answer: B,D,E

NEW QUESTION # 55
......

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Harry Reed Harry Reed

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