Oracle Financials Cloud: Receivables 2024 Implementation Professional

Question 1

What validation step is required for implementing dispute processing?

A. All transactions are of the invoice type.

B. The Recognize Revenue Program is scheduled.

C. Periods for which the transaction can be disputed are Open.

D. BPM Work List for approval configuration is validated.

Correct Answer: D

Question 2

In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

A. by setting SM to "Allow Partial" and SMM to "Period"

B. by setting SM to "Requires Complete" and SMM to "Percent"

C. by setting SM to "Allow Partial" and SMM to "Percent"

D. by setting SM to "Requires Complete" and SMM to "Period"

E. by setting SM to "Requires Complete" and SMM to "Quantity"

Correct Answer: A,B

Question 3

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. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

C. removes the invoice line revenue contingencies

D. removes the pending sales credits

Correct Answer: C

Question 4

Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

A. Guarantee

B. Debit Memo

C. Charge Back

D. Deposit

E. Credit Memo

Correct Answer: B,E

Question 5

Which four output file types are available when you run the "Print Receivables Transactions" program?

A. JPG

B. Word

C. Zipped PDFs

D. HTML

E. Excel

F. PDF

Correct Answer: C,D,E,F

Question 6

Which predefined dunning letter template is available in the Collections application

A. Soft, Regular, Medium, Hard

B. Regular, Medium, Hard, Easy

C. Regular, Medium, Hard, Difficult

D. Soft, Medium, Hard, Final

Correct Answer: D

Oracle Financials Cloud: Receivables 2024 Implementation Professional - 1Z0-1056-24 Exam Practice Test

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