Oracle 1z0-962 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-962
Exam Name/Title: Oracle Financials Cloud: Receivables 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud Receivables 2017

Exam Questions: 80
Updated On: Jul 13, 2026

Question #1

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

B. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

C. You need to submit the Extract Intercompany Reconciliation Data job.

D. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

E. The Transaction Summary Report shows only transactions with a status of received.

Discussion 0

Correct Answer: B,D Vote an answer

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Question #2

In what three ways will changing customer information impact the collection process? (Choose three.)

A. Changing the Collector impacts the individual working with the delinquent customer.

B. Changing information on the Profile tab does not have an impact on the level at which collections are done.

C. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.

D. Making changes on the Profile tab impacts the collection process.

E. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.

Discussion 0

Correct Answer: A,D,E Vote an answer

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Question #3

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 before the maturity date, the status of the bills receivable is updated to Pending Remittance.

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 after the maturity date, the status of the bills receivable is updated to Hold.

D. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.

E. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.

Discussion 0

Correct Answer: A,B Vote an answer

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Question #4

Which two determinant types are used in reference data assignment? (Choose two.)

A. Account Segment

B. Business Unit

C. Project unit

D. Project Segment

Discussion 0

Correct Answer: B,C Vote an answer

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Question #5

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A. manual receipt entry

B. Lockbox receipts creation

C. receipts creation in a spreadsheet

D. automatic receipts creation

Discussion 0

Correct Answer: C Vote an answer

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Question #6

What information does the Collector see in the Activities List area of the Collections Dashboard?

A. summary of aged transactions

B. customer search as per the parameter specified

C. status of processing activities from the Process Monitor

D. customer's profile for each assigned customer

E. tasks assigned to the Collector, such as follow-up calls

Discussion 0

Correct Answer: E Vote an answer

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Question #7

What are the three setup steps required to implement the Lockbox feature? (Choose three.)

A. Receipt Classes and Receipt Methods

B. Receipt Sources

C. late charges

D. credit card refunds

E. Lockbox and Lockbox Transmission Formats

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #8

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

A. Revenue Types

B. Receivable Specialists

C. Collectors

D. Revenue Contingencies

E. Standard Memo Lines

Discussion 0

Correct Answer: A,D,E Vote an answer

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