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Updated: Jul 09, 2026
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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?
A) Lockbox Process
B) Remittance Process
C) Automatic Receipt Process
D) Clear Receipts Automatically Process
2. Which three benefits do intercompany reconciliation reports provide to an accountant?
A) Displaying clearing company balancing lines.
B) Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
C) Displaying intercompany receivables and payables balancing lines.
D) Comparing receivables and payables account balances and identifying discrepancies.
3. Manage Collectors
Scenario:
You are responsible for defining a new collector. who will perform collection activities across multiple business units.
Task:
Create a new Collector. where:
Name of the collector is (Replace XX with 03. which is your allocated User ID.) Collector must be available to all business units.
Collector maps to employee FASXX Student (Replace xx with 03, which is your allocated User ID.)
4. 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?
A) Accounting Variance
B) Receivables Variance
C) Tax Variance
D) Intercompany Variance
5. The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.
A) Transaction Class
B) Transaction Source
C) Transaction Date
D) Transaction Number
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,C,D | Question # 3 Answer: Only visible for members | Question # 4 Answer: A,B | Question # 5 Answer: D |
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