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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q99-Q104):
NEW QUESTION # 99
In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?
Answer: D
Explanation:
This is the condition that must be set for the transaction level when defining a new strategy task by transaction type. DaysLate is the number of days that a transaction is past due. You can use this condition to execute strategies based on how overdue a transaction is. Verified [How You Define Strategy Tasks by Transaction Type - Oracle]
NEW QUESTION # 100
A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?
Answer: B
NEW QUESTION # 101
You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
Answer: C
Explanation:
This is the true statement about the restrictions applied to the setup. Cash Managers can access bank accounts based on their legal entity access privileges. They can create and manage bank accounts for only those legal entities that they are authorized to access. Verified [How You Manage Bank Accounts - Oracle]
NEW QUESTION # 102
What is required to register an external user to Bill Management?
Answer: D
NEW QUESTION # 103
The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.
Answer: B
NEW QUESTION # 104
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