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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
A) by Quote Number and time frame
B) by Customer and time frame
C) by Item and time frame
D) by Source Document and time frame
E) by Source Document Line andtime frame
2. The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
A) clearing payment information
B) debit memo reversal
C) receipt reversal
D) change of instrument
E) credit reversal
3. When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
A) removes the invoice line revenue contingencies
B) removes the pending sales credits
C) leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
D) leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
4. Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
A) Receipt Creation Duty
B) Payment Settlement Management Duty
C) Trading Community Hierarchy Management Duty
D) Import Payables Invoices Duty
5. Which method is used to allocate total transaction price across performance obligations in Revenue Management?
A) Alternative Allocation Method
B) Relative Allocation Method
C) Residual Allocation Method
D) Inverted Allocation Method
E) Two Step Allocation Method
Solutions:
| Question # 1 Answer: C,D,E | Question # 2 Answer: A,C,D | Question # 3 Answer: A | Question # 4 Answer: B,D | Question # 5 Answer: E |
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