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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q17-Q22):

NEW QUESTION # 17
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

A. scheduling periodic write-offs as receipt adjustments for old remaining balances
B. creating write-offs for specific currencies and customers
C. scheduling periodic write-offs to occur in future periods
D. scheduling periodic write-offs as receipt adjustments for small remaining balances
E. limiting write-offs by a percentage of the original receipt amount

Answer: B,D,E

NEW QUESTION # 18
Identify two late charge interest calculation methods. (Choose two.)

A. Previous Balance
B. Adjusted Balance
C. Average Daily Balance
D. Overdue Transactions only

Answer: C,D

NEW QUESTION # 19
Which two are rules applicable to issue of refunds? (Choose two.)

A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
B. You can refund receipts that are factored.
C. You can refund receipts that were either remitted or cleared.
D. You can issue a credit card refund to a customer who has made a cash payment.

Answer: A,C

NEW QUESTION # 20
What are the three setup steps required to implement the Lockbox feature? (Choose three.)

A. credit card refunds
B. Lockbox and Lockbox Transmission Formats
C. late charges
D. Receipt Classes and Receipt Methods
E. Receipt Sources

Answer: B,D,E

NEW QUESTION # 21
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

A. Query each customer refund and verify the Refund Status.
B. Create an Oracle Business Intelligence Applications (OBIA) Report.
C. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
D. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.

Answer: C

NEW QUESTION # 22
......

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