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- 1z0-962: Oracle Financials Cloud Receivables 2017 Implementation Essentials
Free 1z0-962: Oracle Financials Cloud Receivables 2017 Implementation Essentials Exam Questions and Answers
Last updated: January 14, 2025
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359-1z0-962: Oracle Financials Cloud Receivables 2017 Implementation Essentials
#Question
Why is it crucial to establish payment terms that are clear and concise?
A.To enhance clarity
B.To confuse customers
C.To create disputes
D.To complicate invoicing
Correct Answer:
A
Clear and concise payment terms enhance clarity for customers, reducing confusion and potential disputes.
#Question
What is a major benefit of regular cash flow analysis?
A.Identifies trends
B.Decreases expenses
C.Diminishes accuracy
D.Increases liabilities
Correct Answer:
A
Regular cash flow analysis identifies trends that help businesses anticipate future cash flow needs, improving financial planning.
#Question
How does performance analytics contribute to strategic decision-making in Receivables?
A.Increases complexity
B.Simplifies tracking
C.Diminishes focus
D.Provides actionable insights
Correct Answer:
D
Performance analytics provide actionable insights that contribute positively to strategic decision-making in Receivables management.
#Question
Which feature in Oracle Financials Cloud allows organizations to dispute transactions seamlessly?
A.Data Integration
B.Case Management
C.Credit Management
D.Document Control
Correct Answer:
B
Case Management features allow organizations to dispute transactions seamlessly, creating accountability and tracking resolutions.
#Question
What is an effective way to mitigate bad debt risk in Receivables?
A.Increasing invoices
B.Regularly updating credit policies
C.Reducing communication
D.Ignoring overdue accounts
Correct Answer:
B
Regularly updating credit policies helps mitigate bad debt risk by adapting to changing customer behaviors and economic conditions.
#Question
How can increasing the frequency of billing cycles improve cash flow?
A.It complicates processes
B.It confuses customers
C.Delays collections
D.It provides consistent revenue
Correct Answer:
D
Increasing the frequency of billing cycles provides consistent revenue inflows, improving overall cash flow for the organization.
#Question
What role does internal communication play in the success of Receivables management?
A.Increases errors
B.Fosters collaboration
C.Decreases efficiency
D.Complicates processes
Correct Answer:
B
Internal communication fosters collaboration among departments, which enhances overall efficiency in receivables management.
359-1z0-962: Oracle Financials Cloud Receivables 2017 Implementation Essentials
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