Oracle Financials Cloud: Receivables 2020 Implementation Essentials

Question 1

Identify two credit memo options. (Choose two.)

A. Advance

B. Paid amount only

C. Tax only

D. Paid freight

E. Invoice lines

Correct Answer: C,E

Question 2

Where is the summary delinquency data displayed on the Collections Dashboard?

A. Profile tab

B. Aging tab

C. Correspondence tab

D. Activity tab

Correct Answer: A

Question 3

As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?

A. Request Information

B. Reject

C. Reassign

D. Approve

E. Edit

Correct Answer: C

Question 4

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

A. Receivable Specialists

B. Collectors

C. Revenue Contingencies

D. Standard Memo Lines

E. Revenue Types

Correct Answer: C,D,E

Question 5

Which two are Late Charge Calculation Methods?

A. Credit Items and Disputed Transactions

B. Overdue Invoices Only

C. Late Payments Only

D. Adjustment

Correct Answer: B,C

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Question 6

Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.

B. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

C. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

D. The program allows table hierarchies for customer bank accounts, but not for other customer information.

E. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

Correct Answer: E

Oracle Financials Cloud: Receivables 2020 Implementation Essentials - 1Z0-1056-20 Exam Practice Test

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