Free Oracle 1z0-335 Practice Test & Real Exam Questions

Exam Code/Number: 1z0-335
Exam Name/Title: Oracle Financials Cloud: Receivables 2016 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 165
Updated On: Aug 22, 2026

Question #10

Select two values that are set up in Correspondence Configuration.

A. Dunning configuration set

B. Rerun the dunning process

C. Exclude from dunning

D. Dunning letter options

Discussion 0

Correct Answer: A,D Vote an answer

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Question #11

The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

A. Customer Aging tab

B. Transactions tab

C. Transaction aging tab

D. Transaction Details tab

Discussion 0

Correct Answer: B Vote an answer

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Question #12

Which three receipts can be automatically applied by a system?

A. receipts created in a lockbox and uploaded

B. receipts that are manually created.

C. receipts that are unapplied.

D. Receipts created in a spreadsheet and uploaded.

E. Miscellaneous receipts

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #13

Which two statements are true about Accounting for tax on receivables?

A. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.

B. For Credit memos, if the profile "AR: Use invoice Account for Credit Memos" is set to No,
Receivables derive the tax account from auto-accounting.

C. For Adjustments, if the receivable activity tax rate code source is invoice, Receivables derive the tax account from auto-accounting.

D. For Adjustments, if the receivable activity tax rate code source is invoice, Receivables use the tax account of the tax code.

E. For Credit memos, if the profile "AR: Use invoice Account for Credit Memos" is set to
Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.

F. For Adjustments, if the receivable activity tax rate code source is invoice, Receivables use the tax account that is defined on the receivable activity.

Discussion 0

Correct Answer: A,F Vote an answer

Question #14

The billing Specialist creates an adjustment for an INCORRECT invoice and sends it for approval through the review and Manage Transaction link in the Billing Work Area. Since the adjustment amount is above approval limit, it is routed to the Billing Manager. What is the status of the Adjustment when the approver sees the adjustment in his Work Queue?

A. Pending Approval

B. Approval Required

C. Waiting Approval

D. Pending Research

Discussion 0

Correct Answer: C Vote an answer

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Question #15

When running the delinquency process for a customer, the business unit for which you want to run the process is NOT appearing in the drop down menu. Identify the action you need to take.

A. Click the check box to enter the default business unit if it is NOT appearing in the drop down menu.

B. Click on the Settings button to apply the appropriate settings so that the business unit appears in the chop down menu.

C. Only the business units the user has access to will appear in the list of values. Modify the security options to provide access to the user.

D. The business unit is NOT a required option In the Parameters tab to run the delinquency process.

Discussion 0

Correct Answer: C Vote an answer

Question #16

Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?

A. Graphical and visualization components for viewing the reconciliation details

B. Drilldown to see what needs to transfer and post to the general ledger

C. Limiting the display using the ad hoc parameter

D. The reasons for the reconciling differences

E. Drilldown to see reconciling details

Discussion 0

Correct Answer: B Vote an answer

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Question #17

You have run the delinquency process for a customer and have navigated to the transactions tab to view the status. Why is the status for the transactions blank?

A. The status of the current or paid in full transactions appear as blank.

B. The status of the past due transactions appear as blank.

C. The transaction status is NOT automatically updated when the process runs.

D. There was an error when updating the status during the delinquency process. Fix it and rerun the process.

Discussion 0

Correct Answer: D Vote an answer

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Question #18

What are the two locations where the system can look for Receipt Match by Value when
Receivables applies customer payments automatically for manually created receipts?

A. Customer

B. System Options

C. AutoMatch Rule

D. Receipt Method

Discussion 0

Correct Answer: A,B Vote an answer

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