Oracle Financials Cloud: Receivables 2016 Implementation Essentials (1z0-335) Free Practice Test

Question 1

The interactive Receivables to General ledger Reconciliation Report allows reconciliation.

A. only by account balancing segment

B. by ledger, specific organization, OR account balancing segment

C. only by specific organization

D. only by ledger

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 2

The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

A. Transactions tab

B. Transaction aging tab

C. Customer Aging tab

D. Transaction Details tab

Correct Answer: A

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 3

Where are the alerts and approvals displayed in the Collection Work Area?

A. Notification Pop-up

B. Activities List

C. Watch list

D. Delinquent Customer List Region

Correct Answer: B

Question 4

The Receipts Pending Application region in the Receivables Dashboard provides
Information about which two Items?

A. Receipt Status

B. Batch type

C. Control Amount

D. Amount

E. Receipt Date

Correct Answer: D,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 5

You have entered invoices using the Autoinvoicing Feature. How can you review the records that are in error?

A. Click the Manage Autoinvoice Lines link to open a workbook with the specific error record.

B. Click the View Error Details link in the Autoinvoice errr region to open a workbook with the specific: error record.

C. Click the Number of Errors link in the Autoinvoice error region to open a workbook with the specific error record.

D. Click the View Autoinvoice Lines link to open a workbook wild the specific error record.

Correct Answer: C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 6

Which three transaction types are used to generate late charges?

A. Debit Memo

B. Adjustments against the original transaction

C. Cash Receipts

D. Credit Memo

E. Invoice Interest

Correct Answer: A,B,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 7

Which three scenarios require a debit memo reversal?

A. To reverse a miscellaneous receipt

B. To reverse Receipt A that was applied to Receipt B and reversal would draw balance of
Receipt B negative

C. To reverse a receipt that has a chargeback with an adjustment against it

D. To reverse Receipt A that was applied to Receipt B and where the reversal draws balance of Receipt B positive

E. To reverse a receipt with remitted credit card refund application

Correct Answer: B,C,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 8

When adding a customer and using profile classes to organize the customer accounts, which three options are true?

A. Fusion Receivables assigns a DEFAULT profile class when creating an account site.

B. Profile class updates and assignments are managed using effective date ranges.

C. Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.

D. Receivables allows customized details of the profile class once the profile class has been assign to an account or site.

E. Updates applied to a particular account or site effect the profile class record.

F. Fusion Receivables assigns the profile class DEFAUIT when creating a customer account.

Correct Answer: B,D,F

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 9

A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?

A. The program can only be run if the amount is within his approval limits.

B. The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.

C. The program creates adjustments only for the amounts within his approval limit

D. The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

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Oracle Financials Cloud: Receivables 2016 Implementation Essentials (1z0-335) Free Practice Test