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Oracle Financials Cloud: Receivables 2023 Implementation Professional Questions and Answers

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Question 1

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?

Options:

A.

Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

B.

Cash Managers can create and manage bank accounts for only those business units to which they are given access.

C.

Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

D.

Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

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Question 2

Manage Aging Methods

Scenario

Your organization needs to create their own a-bucket aging method for reporting purposes.

Task

Create a new 4-bucket Aging Method in the Collections application, where:

  • Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.)
  • Aging method is accessible to all business units
  • Aging buckets are 45 days apart
  • Last bucket is 91 days

Options:

Question 3

You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager.

What two variance amounts should you expect to investigate in this report?

Options:

A.

Accounting Variance

B.

Intercompany Variance

C.

Tax Variance

D.

Receivables Variance

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