1z1-335 Exam Training Practice Tests (Oracle Financials Cloud: Receivables 2016 Implementation Essentials)]

Question 1

The Collections Manager is identifying delinquent transactions, while submitting the
Determine
Delinquency lining Scoring program, in which business unit will the collections Manager be able to view the parameters list?

A. Only the business unit to which the user belongs B. All business units in the organization C. Only those business units for which the user has access D. Only those business units for which there are delinquent customers

Correct Answer: C

Question 2

Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" Profile option to Yes for the selected employee. B. Enable " Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee. C. set the "Transaction Tax Line Override" Profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role. D. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager<Business Unit>" data role. E. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set the value to Yes for the selected employee, and grant the "Tax Manager
< Business Unit> " data role to the employee.

Correct Answer: A

Question 3

In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance. Select the valid accounting entry that would be generated when receipts are cleared.

A. The Cash and Bank charges accounts are debited and the Factoring account is credited B. The Factoring account is debited and the Short term debt account is credited. C. The Short term debt account is debited and the Factoring account is credited. D. The Cash and Bank charges accounts are debited and the Short term debt account is credited

Correct Answer: C

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Question 4

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 search as per the parameters specified C. Tasks assigned to the Collector, such as follow up calls D. Information about customers who have overdue bills

Correct Answer: C

Question 5

When a customer receipt does not provide sufficient information to identify the customer or invoice, which is the correct method of entering the receipt?

A. Enter the receipt as an UNAPPLIED receipt. B. Enter the receipt as an UNIDENTTFIFD receipt. C. Enter the receipt as a miscellaneous receipt. D. Enter the receipt as an on-account receipt.

Correct Answer: B

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Question 6

The Accounts Receivables Specialist, while reviewing a customer account, saw a customer complaint about a percentage that was NOT applied to an invoice. The Accounts
Receivables Specialist decides to initiate a dispute process for this transaction. What is the action he has to perform to invoke the dispute?

A. Navigate to the Review Customer Accounts Details user interface and invoke the dispute. B. Navigate to the Collections Workbench page and invoke the dispute. C. Navigate to the Manage Revenue Adjustments Page and invoke the dispute. D. Navigate to the Review and Manage Transaction Page-and invoke the dispute.

Correct Answer: A

Question 7

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

A. Notification Pop-up B. Activities List C. Delinquent Customer List Region D. Watch list

Correct Answer: B

Question 8

Which three steps of the Fund Capture Process are controlled by rules in the Fund Capture
Process Profile?

A. Transmitting messages to the payment system B. Building Settlements into a settlement batch C. Creation of Settlement grouping rules D. Formatting messages E. Creation of routing rules

Correct Answer: A,B,D

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Question 9

What are the three validation steps required for implementing dispute processing?

A. Transaction types are set up with appropriate Credit Memo types. B. The Recognize Revenue program is scheduled. C. Periods for which the transaction can be disputed are Open. D. BPM Work List for approval configuration is validated. E. The Document Sequencing required is set up.

Correct Answer: A,C,D

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Question 10

When running the delinquency process for a customer, the business unit for which you want to run the process is NOT appearing in the drop down menu. Identify the action you need to take.

A. Click the check box to enter the default business unit if it is NOT appearing in the drop down menu. B. The business unit is NOT a required option In the Parameters tab to run the delinquency process. C. Only the business units the user has access to will appear in the list of values. Modify the security options to provide access to the user. D. Click on the Settings button to apply the appropriate settings so that the business unit appears in the chop down menu.

Correct Answer: C

Question 11

Which three duties are associated with the Payment Management Specialist role?

A. Create receivables refund. B. Create receivables credit card refund. C. Receipt creation duty. D. Billing inquiry duty. E. Create receivables credit card charge back.

Correct Answer: A,C,E

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Question 12

Which three receipts can be automatically applied by a system?

A. receipts created in a lockbox and uploaded B. Receipts created in a spreadsheet and uploaded. C. receipts that are manually created. D. Miscellaneous receipts E. receipts that are unapplied.

Correct Answer: A,D,E

Question 13

An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

A. Interactive reports ALWAYS require an ESS program to be run. B. The report is always ad hoc. C. The user can enter parameters to limit the information to be included. D. The user can NOT drill down from the Interactive reports user interface

Correct Answer: C

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Question 14

The drilldown option available in the task pane for receipts does NOT include
____________.

A. Lockbox Transmission History B. Create Remittance via Spreadsheet C. Correct Funds Transfer Errors D. Create Receipt via Spreadsheet

Correct Answer: C

Oracle Financials Cloud: Receivables 2016 Implementation Essentials - 1z1-335 Exam Practice Test