Download Oracle Financials Cloud: Receivables 2017 Implementation Essentials.1z0-962.BrainDumps.2018-11-09.47q.vcex

Vendor: Oracle
Exam Code: 1z0-962
Exam Name: Oracle Financials Cloud: Receivables 2017 Implementation Essentials
Date: Nov 09, 2018
File Size: 32 KB
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Demo Questions

Question 1
Which two items are required for customer invoicing? (Choose two.) 
  1. Lockbox
  2. Customers
  3. Remit-to-address
  4. Customer Profile Class
Correct answer: AD
Question 2
Which two determinant types are used in reference data assignment? (Choose two.)
  1. Business Unit
  2. Account Segment
  3. Project Segment
  4. Project unit
Correct answer: AD
Explanation:
Reference: https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIGL/F1493157AN1182C.htm
Reference: https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIGL/F1493157AN1182C.htm
Question 3
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user’s approval limit. 
What is the status of the adjustment?
  1. Pending Approval
  2. Forwarded for Approval
  3. Pending Research
  4. Approval Required
Correct answer: A
Explanation:
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/adjust.htm#n_adj
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/adjust.htm#n_adj
Question 4
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
  1. miscellaneous receipt
  2. quick cash receipt
  3. manual receipt
  4. automatic receipt
  5. AutoLockbox receipt
Correct answer: D
Explanation:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113010AN18821.htm
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113010AN18821.htm
Question 5
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?
  1. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD. 
  2. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
  3. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
  4. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
  5. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
Correct answer: E
Question 6
Which two are rules applicable to issue of refunds? (Choose two.)
  1. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
  2. You can refund receipts that were either remitted or cleared.
  3. You can issue a credit card refund to a customer who has made a cash payment.
  4. You can refund receipts that are factored.
Correct answer: AB
Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_963C6A4F99EEB6DBE040D30A68817CA6
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_963C6A4F99EEB6DBE040D30A68817CA6
Question 7
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
  1. The billing cycle does not have any impact on new transactions.
  2. Existing transactions with no activity retain the old billing cycle.
  3. Existing transactions with activity adapt the new billing cycle.
  4. New transactions after this change inherit the new billing cycle.
Correct answer: D
Explanation:
Question 8
Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area? 
  1. Revenue Manager
  2. Accounts Receivable Manager
  3. Accounts Receivable Specialist
  4. Billing Specialist
Correct answer: C
Explanation:
Reference: https://docs.oracle.com/applications/farel12/commonops_gs/FASER/FASER1349302.htm
Reference: https://docs.oracle.com/applications/farel12/commonops_gs/FASER/FASER1349302.htm
Question 9
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?
  1. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
  2. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
  3. automatically by using the Adjustment Reversal and Chargeback Reversal activities
  4. manually by using Chargeback Reversal activities
  5. manually by using Adjustment Reversal activities
Correct answer: C
Explanation:
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities. Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569967AN5D615.htm
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities. 
Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569967AN5D615.htm
Question 10
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method. 
How will you correct the error?
  1. by using the Customer Import Interface work area
  2. by using the correct Customer Payment Method spreadsheet
  3. by using the correct Customer Data spreadsheet
  4. by importing the correct data by using a new spreadsheet upload
Correct answer: B
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