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Download Oracle Financials Cloud: Receivables 2022 Implementation Professional Exam Dumps

NEW QUESTION 31
A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.
After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)

A. Account Number or Party NumberB. Data Point DescriptionC. Currency codeD. Data Point IDE. Data Point Lookup

Answer: A,C,D

 

NEW QUESTION 32
Which two statements are true about configuring Collection Strategies?

A. You need to SGI the (Collections Method to Strategies for the relevant business unit.B. You need to create Strategy Tasks of the type "Automatic" only.C. You need to create Scoring Formulae (or use predefined Scoring Formulas).D. You need to define an Aging Method that meets the requirements of your organization.

Answer: B,C

 

NEW QUESTION 33
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)

A. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.C. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.

Answer: B,D

Explanation:
For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications.

 

NEW QUESTION 34
As an Implementation Consultant, you want to define approval limits for Receivables.
Which two statements are correct? (Choose two.)

A. The approval limits are set per user, document type, and currency.B. The approval limits per user and per currency are shared across the document types.C. The approval limits are used by the auto adjustment program.D. The implementation user can create their own approval limits.

Answer: B,D

 

NEW QUESTION 35
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