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Oracle Financials Cloud: Receivables 2023 Implementation Professional

Last Update Feb 26, 2024
Total Questions : 32

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Last Update Feb 26, 2024
Total Questions : 32

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Oracle Financials Cloud: Receivables 2023 Implementation Professional Questions and Answers

Questions 1

Manage Receipt Classes and Methods

Scenario

Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.

Task:

Create a manual Receipt Class, where:

  • Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)
  • Receipts using this new receipt class will not be remitted
  • Organization will use Cash Management to clear their receipts

Options:

Questions 2

Manage Receipt Classes and Methods

Scenario

Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.

Task:

Create Receipt Method. where:

  • Name of the new receipt method is XXCheck (Replace XX with 03. which is your allocated User ID.)
  • Receipt method must be effective as of January 1. 2023

Options:

Questions 3

Manage Receipt Classes and Methods

Scenario

Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.

Task:

Define Remittance Bank Account where:

  • Bank Account is associated with Receipt Method

  • Primary bank account is linked the Denver branch of Bank of America
  • Bank account number ends with 2870

  • Remittance bank account is effective as of January 1, 2023
  • GL Accounts section must contain the values below for company segment 120 Supremo Fitness

1z0-1056-23 Question 3

Options: