Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional Intermediate Practice Exam: Medium Difficulty 2025

Your organization operates in multiple countries and needs to create invoices in different currencies. You've been asked to configure AutoInvoice to ensure that foreign currency transactions are properly recorded. Which two AutoInvoice grouping rules should you consider when transactions need to be grouped by currency for proper accounting? (Choose the BEST approach)

A company is implementing Receivables and needs to configure automatic receipt creation for lockbox processing. The bank sends a file with payment information daily. Which sequence of setup steps is required to enable successful lockbox processing?

Your client wants to automatically write off small invoice balances below $5.00 to reduce collection efforts. They've configured an Adjustment activity with Write-off type. What additional configuration is required to ensure these write-offs don't require manual approval and are properly tracked?

A manufacturing company has customers with complex payment arrangements where partial payments should be applied proportionally across all open invoices rather than to specific invoices. Which receipt application method should be configured, and what is its primary characteristic?

Your organization needs to implement dunning letters for overdue customers. A collector wants to send the second reminder letter only to customers who didn't respond to the first letter sent 15 days ago and whose balance is over $1,000. Which Collections configuration elements must be defined to achieve this requirement?

During month-end close, the Receivables Accounting Manager notices that some transactions are not appearing in the trial balance report. Investigation reveals these transactions have not been accounted. What is the most likely cause and resolution?

A company receives payments from customers via credit card and needs to account for merchant fees charged by the payment processor. The fee is 2.5% of each transaction amount. How should this be configured in Oracle Receivables to automatically account for these fees?

Your company wants to prevent sales orders from being entered for customers who exceed their credit limit. However, the VP of Sales should be able to override this block for strategic customers. What combination of configurations enables this requirement?

A multinational corporation needs to configure Revenue Recognition for subscription-based invoices where revenue should be recognized evenly over a 12-month period, but invoices are sent quarterly. What is the correct approach to implement this in Oracle Receivables?

During the Receivables implementation, you need to configure the system to automatically create accounting entries when transactions are imported via AutoInvoice. The business requires real-time accounting for better financial visibility. Which setup combination achieves this requirement?