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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q123-Q128):

NEW QUESTION # 123
Which two items are required for customer invoicing? (Choose two.)

A. Lockbox
B. Customers
C. Customer Profile Class
D. Remit-to-address

Answer: A,C

NEW QUESTION # 124
Which statement is true about Balance Forward Billing?

A. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
B. Balance Forward Bills must be enabled at each bill-to-site level.
C. Transactions included on a Balance Forward Bill can be updated.
D. Balance Forward Bills can be created for a future date.

Answer: B

NEW QUESTION # 125
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A. manually by using Chargeback Reversal activities
B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
C. manually by using Adjustment Reversal activities
D. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
E. automatically by using the Adjustment Reversal and Chargeback Reversal activities

Answer: E

NEW QUESTION # 126
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. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
B. The program allows table hierarchies for customer bank accounts, but not for other customer information.
C. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
D. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
E. 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.

Answer: A

NEW QUESTION # 127
Which statement is true about AutoAccounting?

A. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
B. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
C. You cannot override the default General Ledger accounts thatAutoAccounting creates.
D. AutoAccounting is set up at the Legal Entity level.

Answer: B

NEW QUESTION # 128
......

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