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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q124-Q129):

NEW QUESTION # 124
When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?

A. First Review Date
B. Credit Limit
C. Credit Review Cycle
D. Order line Credit Limit

Answer: A,C

Explanation:
These are the two columns that, if populated with *NULL, will remove the existing values on loading. They are part of the customer profile class attributes that can be updated using customer import. Verified [How You Manage Customer Data Uploads - Oracle]

NEW QUESTION # 125
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?

A. 10+Days Link
B. 20+ Days Link
C. 0-5 Days Link
D. 0-10 Days Link

Answer: D

NEW QUESTION # 126
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?

A. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
B. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
C. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 US
D. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
E. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.

Answer: B

NEW QUESTION # 127
What information does the Collector see in the Activities List area of the Collections Dashboard?

A. status of processing activities from the Process Monitor
B. customer's profile for each assigned customer
C. summary of aged transactions
D. customer search as per the parameter specified
E. tasks assigned to the Collector, such as follow-up calls

Answer: E

NEW QUESTION # 128
Identify two credit memo options. (Choose two.)

A. Invoice lines
B. Paid amount only
C. Advance
D. Paid freight
E. Tax only

Answer: A,E

NEW QUESTION # 129
......

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