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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?

A) Billing Specialist
B) Revenue Manager
C) Accounts Receivable Specialist
D) Accounts Receivable Manager

2. What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

A) the billing amount for all performance obligations in the customer contract
B) the selling price for all performance obligations in the customer contract
C) the allocated amount for all performance obligations in the customer contract
D) the SSP amounts for all performance obligations in the customer contract
E) the extended SSP amounts for all performance obligations in the customer contract

3. Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?

A) Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.
B) Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
C) Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
D) Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.

4. Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

A) Create a new reference data set for account addresses and assign it to the business units.
B) Assign a COMMON reference data set to the business units, which share the account addresses.
C) Assign an enterprise reference data set to the business units, which share the account addresses.
D) Create a separate reference data set for each business unit and assign it to each unit.

5. Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

A) Declining Balance
B) Compound
C) Flat Rate
D) Simple
E) Average

Solutions: