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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. 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) Two Step Allocation Method
E) Inverted Allocation Method

2. When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A) removes the pending sales credits
B) removes the invoice line revenue contingencies
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

3. You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?

A) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
B) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
C) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"
D) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"

4. In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)

A) Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
B) Customer Japan can pay its own transactions.
C) Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
D) Customer USA can pay for Customer West and its own transactions.
E) Customer Japan can pay for Customer West, Customer USA, and its own transactions.

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

A) JPG
B) Excel
C) Word
D) PDF
E) HTML
F) Zipped PDFs

Solutions: