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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

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

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

2. You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

A) It is not recommended to print transactions and balance forward bills directly from BI Publisher.
B) If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
C) It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
D) Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
E) If you have printed a transaction, the View Print button will not display a preview of the print.

3. 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 Japan can pay for Customer West, Customer USA, and its own transactions.
E) Customer USA can pay for Customer West and its own transactions.

4. Which three transaction types are used to generate late charges? (Choose three.)

A) Adjustments against the original transaction
B) Interest Invoice
C) Cash Receipts
D) Debit Memo
E) Credit Memo

5. What is the impact on transactions of changing the billing cycle for a customer or group of customers?

A) The billing cycle does not have any impact on new transactions.
B) Existing transactions with no activity retain the old billing cycle.
C) New transactions after this change inherit the new billing cycle.
D) Existing transactions with activity adapt the new billing cycle.

Solutions: