Oracle 1z1-962 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z1-962
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: Jun 26, 2026

Question #9

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 #10

If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)

A. a credit memo line

B. a debit memo line

C. a purchasing item

D. a standard memo line

E. an inventory item

Discussion 0

Correct Answer: D,E Vote an answer

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Question #11

Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

A. Payment Settlement Management Duty

B. Trading Community Hierarchy Management Duty

C. Receipt Creation Duty

D. Import Payables Invoices Duty

Discussion 0

Correct Answer: A,D Vote an answer

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Question #12

When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.

A. Select the check box to enter the default business unit if it does not appear in the drop- down menu.

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

C. Business unit is not a required option on the Parameters tab to run the delinquency process.

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

Discussion 0

Correct Answer: D Vote an answer

Question #13

Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?

A. Accounts Receivable Manager

B. Revenue Manager

C. Accounts Receivable Specialist

D. Billing Specialist

Discussion 0

Correct Answer: C Vote an answer

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Question #14

There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?

A. Disable Send Dunning Letter in Transaction Type.

B. Disable Send Dunning Letter in Transaction Source Type.

C. Disable Send Dunning Letter in Collections Preferences.

D. Disable Send Dunning Letter on the Profile tab.

E. Disable Send Dunning Letter on the Correspondence tab.

Discussion 0

Correct Answer: D Vote an answer

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Question #15

When a customer opts to make a payment by a credit card, this receipt is identified as a(n)
_______________.

A. AutoLockbox receipt

B. miscellaneous receipt

C. manual receipt

D. quick cash receipt

E. automatic receipt

Discussion 0

Correct Answer: E Vote an answer

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Question #16

Identify the receivables system option that relates to customers.

A. Receipt Method

B. Reciprocal Customer

C. Automatic Site Numbering

D. Default Country

Discussion 0

Correct Answer: A,D Vote an answer

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