Master the Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional exam with our comprehensive Q&A collection. Review questions by topic, understand explanations, and build confidence for exam day.
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Allocate roughly 1-2 minutes per question. Flag difficult questions and return to them later.
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Use elimination to narrow down choices. Often 1-2 options can be quickly ruled out.
Focus on understanding why answers are correct, not just memorizing facts.
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AutoAccounting rules with Account Derivation Rules are the primary mechanism for defining how transaction types automatically generate accounting distributions in Oracle Receivables. These rules determine which General Ledger accounts will be debited and credited based on transaction attributes such as transaction type, customer, and item. Transaction Sources identify where transactions originate but don't control accounting. Payment Terms define due dates, and Remittance Banks handle cash receipt processing, neither of which directly control accounting distribution generation.
Enabling Multi-Currency Processing at the Ledger level and assigning appropriate currency conversion rate types is the correct approach. This allows the system to record transactions in foreign currencies while converting them to the functional currency for reporting purposes. The currency conversion rate types determine how foreign currency amounts are converted. Creating separate Business Units or Legal Entities for each currency is unnecessary and creates administrative overhead. Configuring only Daily Rates is insufficient without enabling multi-currency processing at the foundational ledger level.
BPM Worklist integrated with AME (Approval Management Engine) rules is the correct solution for implementing multi-level approval workflows based on transaction amounts. AME allows you to define approval hierarchies, conditions (such as amount thresholds), and routing rules. Transaction Batch Sources control how transactions are imported but don't handle approvals. AutoInvoice Validation rules validate data during import but don't provide workflow capabilities. Application Security controls access but doesn't provide approval workflow functionality.
Configuring Receipt Classes to allow partial payments and setting up Automatic Receipt Write-off rules with threshold amounts and associated accounting is the complete solution. Receipt Classes control how payments are processed, including partial payment capabilities. Automatic Write-off rules define the threshold (such as $5) and specify which GL account to use for write-offs. Payment Terms control due dates and discounts but don't handle write-offs. Transaction Types define invoice characteristics, not payment processing. While Receivables Activities are part of the solution, they alone cannot implement the threshold-based automatic write-off functionality.
Configuring Print Programs and Transaction Delivery Methods for customer bill sites is the primary prerequisite for BPA implementation. Print Programs define how documents are formatted and generated, while Transaction Delivery Methods (such as email or electronic portal) specify how invoices are delivered to customers. These are assigned at the customer bill site level. While email server configuration is necessary, it's not sufficient alone. Custom Transaction Sources are unrelated to document delivery. Multi-Org Access Control relates to data security across organizations, not document presentment.
Review Q&A organized by exam domains to focus your study
25% of exam • 3 questions
What is the primary purpose of Receivables Foundation and Setup in Enterprise Software?
Receivables Foundation and Setup serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional certification.
Which best practice should be followed when implementing Receivables Foundation and Setup?
When implementing Receivables Foundation and Setup, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Receivables Foundation and Setup integrate with other Oracle services?
Receivables Foundation and Setup integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
20% of exam • 3 questions
What is the primary purpose of Customer Accounts and Transactions in Enterprise Software?
Customer Accounts and Transactions serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional certification.
Which best practice should be followed when implementing Customer Accounts and Transactions?
When implementing Customer Accounts and Transactions, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Customer Accounts and Transactions integrate with other Oracle services?
Customer Accounts and Transactions integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
25% of exam • 3 questions
What is the primary purpose of Receipts and Cash Management in Enterprise Software?
Receipts and Cash Management serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional certification.
Which best practice should be followed when implementing Receipts and Cash Management?
When implementing Receipts and Cash Management, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Receipts and Cash Management integrate with other Oracle services?
Receipts and Cash Management integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
20% of exam • 3 questions
What is the primary purpose of Collections and Credit Management in Enterprise Software?
Collections and Credit Management serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional certification.
Which best practice should be followed when implementing Collections and Credit Management?
When implementing Collections and Credit Management, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Collections and Credit Management integrate with other Oracle services?
Collections and Credit Management integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
10% of exam • 3 questions
What is the primary purpose of Reporting and Period Close in Enterprise Software?
Reporting and Period Close serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional certification.
Which best practice should be followed when implementing Reporting and Period Close?
When implementing Reporting and Period Close, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Reporting and Period Close integrate with other Oracle services?
Reporting and Period Close integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
After reviewing these questions and answers, challenge yourself with our interactive practice exams. Track your progress and identify areas for improvement.
Common questions about the exam format and questions
The Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional exam typically contains 50-65 questions. The exact number may vary, and not all questions may be scored as some are used for statistical purposes.
The exam includes multiple choice (single answer), multiple response (multiple correct answers), and scenario-based questions. Some questions may include diagrams or code snippets that you need to analyze.
Questions are weighted based on the exam domain weights. Topics with higher percentages have more questions. Focus your study time proportionally on domains with higher weights.
Yes, most certification exams allow you to flag questions for review and return to them before submitting. Use this feature strategically for difficult questions.
Practice questions are designed to match the style, difficulty, and topic coverage of the real exam. While exact questions won't appear, the concepts and question formats will be similar.
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