File Info
| Exam | Oracle Financials Cloud: Receivables 2017 Implementation Essentials |
| Number | 1z0-962 |
| File Name | Oracle.1z0-962.BrainDumps.2018-11-09.47q.vcex |
| Size | 32 KB |
| Posted | Nov 09, 2018 |
| Download | Oracle.1z0-962.BrainDumps.2018-11-09.47q.vcex |
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Demo Questions
Question 1
Which two items are required for customer invoicing? (Choose two.)
- Lockbox
- Customers
- Remit-to-address
- Customer Profile Class
Correct answer: AD
Question 2
Which two determinant types are used in reference data assignment? (Choose two.)
- Business Unit
- Account Segment
- Project Segment
- 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?
- Pending Approval
- Forwarded for Approval
- Pending Research
- 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) _______________.
- miscellaneous receipt
- quick cash receipt
- manual receipt
- automatic receipt
- 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?
- state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
- state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- 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.)
- You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- You can refund receipts that were either remitted or cleared.
- You can issue a credit card refund to a customer who has made a cash payment.
- 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?
- The billing cycle does not have any impact on new transactions.
- Existing transactions with no activity retain the old billing cycle.
- Existing transactions with activity adapt the new billing cycle.
- 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?
- Revenue Manager
- Accounts Receivable Manager
- Accounts Receivable Specialist
- 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?
- manually, but without using the Adjustment Reversal and Chargeback Reversal activities
- automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
- automatically by using the Adjustment Reversal and Chargeback Reversal activities
- manually by using Chargeback Reversal activities
- 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?
- by using the Customer Import Interface work area
- by using the correct Customer Payment Method spreadsheet
- by using the correct Customer Data spreadsheet
- by importing the correct data by using a new spreadsheet upload
Correct answer: B
