1z1-335 by Oracle Actual Free Exam Questions And Answers

Question 1

Select three values that the dunning letter generation program includes.

A. Credit memo

B. Prepayments

C. Unapplied

D. Debit memo

E. Invoice

Discussion 0

Correct Answer: C,D,E Vote an answer

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Question 2

The Adjust Customer Balances activity allows you to_____________.

A. Provide approval processing of credit requests and automated receipts

B. Write-off uncollectable invoices but does NOT allow you to write-off small balance receipts

C. Write-off uncollectable invoices and write-off small balance receipts

D. Write off small balance receipts but does NOT allow you to write-off uncollectable Invoices

Discussion 0

Correct Answer: B Vote an answer

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Question 3

Identify two values that default from Customer Profile Classes.

A. Payment Terms

B. Statement Cycle

C. Legal Entity

D. Tax

E. Business Purpose

Discussion 0

Correct Answer: A,B Vote an answer

Question 4

A debit memo reversal must be used to reverse the receipt if the receipt ____________.

A. has an open claim associated with it

B. is non-invoice related

C. has a remitted credit card refund application

D. has been reconciled in Cash Management

Discussion 0

Correct Answer: C Vote an answer

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Question 5

Identify two late charge interest calculation methods.

A. Adjusted Balance

B. Previous Balance

C. Average Daily Balance

D. Overdue Transactions

Discussion 0

Correct Answer: C,D Vote an answer

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Question 6

There are concurrent programs that run related to data in the Overview Region of the review Customer Accounts Details user interface. Which program is run to synchronize the updated receivables data?

A. Process Receivables transactional Events for Summary Tables Program.

B. Refresh Receivables transactional Events for Summary Tables Program.

C. Process Receivables Past Due Transactions for summary Tables Program

D. Refresh Receivables Past Due Transactions for summary Tables Program

Discussion 0

Correct Answer: B Vote an answer

Question 7

The interactive Receivables to General ledger Reconciliation Report allows reconciliation.

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

B. only by ledger

C. only by account balancing segment

D. only by specific organization

Discussion 0

Correct Answer: B Vote an answer

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Question 8

When discussing the Receivables, to ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report. Which statement is true?

A. You can select only a Closed accounting period.

B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.

C. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.

D. You can include of exclude Intercompany transactions, or you can reconcile by
Intercompany activity only.

Discussion 0

Correct Answer: D Vote an answer

Question 9

Which three scenarios require a debit memo reversal?

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

B. To reverse a miscellaneous receipt

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

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

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

Discussion 0

Correct Answer: A,C,D Vote an answer

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

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