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 #25

Identify two credit memo options. (Choose two.)

A. Tax only

B. Paid amount only

C. Invoice lines

D. Advance

E. Paid freight

Discussion 0

Correct Answer: A,C Vote an answer

Question #26

Which statement is true about AutoAccounting?

A. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.

B. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.

C. You cannot override the default General Ledger accounts thatAutoAccounting creates.

D. AutoAccounting is set up at the Legal Entity level.

Discussion 0

Correct Answer: B Vote an answer

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Question #27

The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.

A. Transaction Class

B. Transaction Number

C. Transaction Date

D. Transaction Source

Discussion 0

Correct Answer: B Vote an answer

Question #28

Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

B. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

C. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.

D. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

E. The program allows table hierarchies for customer bank accounts, but not for other customer information.

Discussion 0

Correct Answer: A Vote an answer

Question #29

Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

A. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.

C. The Implementation Project is preconfigured and cannot be deleted or changed.

D. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.

E. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

Discussion 0

Correct Answer: A Vote an answer

Question #30

If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?

A. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.

B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

C. Delete the source data that was imported into Revenue Management and import new source data.

D. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.

E. Delete Contracts from the Manage Customer Contracts UI.

Discussion 0

Correct Answer: D Vote an answer

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Question #31

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. by defining a grouping rule on the customer class

B. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

C. by defining an exclusion rule to exclude customer classes that are "Retail"

D. by defining an item group and assigning that to the rule

E. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

Discussion 0

Correct Answer: E Vote an answer

Question #32

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?

A. Pending Research

B. Pending Approval

C. Approval Required

D. Forwarded for Approval

Discussion 0

Correct Answer: B Vote an answer

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