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Home Oracle 1z0-962

Oracle 1z0-962 Exam Practice Questions (P. 5)

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Question #21
What information does the Collector see in the Activities List area of the Collections Dashboard?
  1. A
    customer’s profile for each assigned customer
  2. B
    customer search as per the parameter specified
  3. C
    status of processing activities from the Process Monitor
  4. D
    tasks assigned to the Collector, such as follow-up calls
  5. E
    summary of aged transactions

Correct Answer:
D
Reference:
https://docs.oracle.com/cd/E48434_01/doc.1118/e49609/F1113012AN1EA2A.htm

Question #22
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
  1. A
    scheduled processes
  2. B
    system privileges
  3. C
    user application privileges
  4. D
    the employees who are involved with the collections process and how the collectors will be assigned
  5. E
    customer contact information

Correct Answer:
D
Reference:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569978AN6AE6F.htm

Question #23
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.)
  1. A
    If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
  2. B
    If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
  3. C
    If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
  4. D
    If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
  5. E
    If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.

Correct Answer:
CD
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.
Reference:
https://docs.oracle.com/cloud/farel9/financialscs_gs/FAOFC/F1479830AN29E86.htm

Question #24
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
  1. A
    Two Step Allocation Method
  2. B
    Inverted Allocation Method
  3. C
    Alternative Allocation Method
  4. D
    Relative Allocation Method
  5. E
    Residual Allocation Method

Correct Answer:
A
Reference:
https://www.oneglobesystems.com/hubfs/Implement%20ASC%20606%20and%20IFRS%2015.pdf?t=1497997255933

Question #25
In what three ways will changing customer information impact the collection process? (Choose three.)
  1. A
    Changing information on the Profile tab does not have an impact on the level at which collections are done.
  2. B
    Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
  3. C
    Making changes on the Profile tab impacts the collection process.
  4. D
    Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
  5. E
    Changing the Collector impacts the individual working with the delinquent customer.

Correct Answer:
BCE
Reference:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113012AN1EA2A.htm

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