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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q116-Q121):
NEW QUESTION # 116
Which two are Late Charge Calculation Methods?
- A. Credit Items and Disputed Transactions
- B. Late Payments Only
- C. Overdue Invoices Only
- D. Adjustment
Answer: B,C
NEW QUESTION # 117
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
- A. The payable options and the receivable system options should have the same tax application options.
- B. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
- C. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
- D. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
- E. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
- F. First enter a payable transaction to calculate tax and then enter the receivable transaction.
Answer: A,E
NEW QUESTION # 118
Which two statements are true about processing Receivables adjustments that impact tax amounts?
- A. Receivables can look at the adjustment activity and retrieve the tax rate code.
- B. There is no need to retrieve the tax rate code.
- C. Receivables can look at System Options and retrieve the tax rate code.
- D. Receivables can look at invoice and retrieve the tax rate code.
Answer: C,D
NEW QUESTION # 119
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
- A. Processing a payment promise in the Transactions Tab.
- B. Creating a credit memo in the Transactions Tab.
- C. Adding new customer contacts in the Contacts tab.
- D. Changing the collector in the Profile Tab.
- E. Applying a customer payment in the Aging Tab.
Answer: A,C,D
NEW QUESTION # 120
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)
- A. by setting SM to "Allow Partial" and SMM to "Period"
- B. by setting SM to "Requires Complete" and SMM to "Percent"
- C. by setting SM to "Allow Partial" and SMM to "Percent"
- D. by setting SM to "Requires Complete" and SMM to "Quantity"
- E. by setting SM to "Requires Complete" and SMM to "Period"
Answer: A,B
NEW QUESTION # 121
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