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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action?

A. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
B. The invoice is sent for a dunning follow-up.
C. The invoice can now be printed.
D. The payment schedules are created using the payment terms specified.
E. The invoice is eligible for transfer to the General Ledger.

Answer: C,D,E

Explanation:
When the Billing Manager clicks the Complete button in the Transactions window, the following results occur:
The invoice can now be printed or delivered to the customer by the preferred delivery method.
The invoice is eligible for transfer to the General Ledger and posting to the customer account.
The payment schedules are created using the payment terms specified on the transaction or customer profile. The other options are not correct because:
The invoice is not sent for a dunning follow-up until it becomes overdue.
The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to Yes, not No. Verified https://docs.oracle.com/en/cloud/saas/financials/23b/faofc/manage-customer-billing.html#FAOFC-GUID-9E7F8B0A-5F6E-4B6E-AF0B-9C1E5D7D2A8A

NEW QUESTION # 55
Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?

A. Run the predefined Transaction Details Report.
B. Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel.
C. Search in the Payables "Manage Payments" page, then export results to Excel.
D. Create an Oracle Transactional Business Intelligence (OTBI) analysis.

Answer: D

NEW QUESTION # 56
Which two determinant types are used in reference data assignment? (Choose two.)

A. Project unit
B. Business Unit
C. Account Segment
D. Project Segment

Answer: A,B

NEW QUESTION # 57
You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?

A. BI Composer
B. BI Answers
C. BI Publisher
D. Dashboard Builder

Answer: C

NEW QUESTION # 58
Where is the summary delinquency data displayed In the Collections Work Area?

A. Transactions Tab
B. Aging Tab
C. Profile Tab
D. History Tab

Answer: B

NEW QUESTION # 59
......

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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q54-Q59):

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