Free 1z1-335 Questions for Oracle Financials Cloud: Receivables 2016 Implementation Essentials 1z1-335 Exam as PDF & Practice Test Engine

Exam Code/Number: 1z1-335
Exam Name/Title: Oracle Financials Cloud: Receivables 2016 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 165
Updated On: May 28, 2026

Question #1

Which three actions are facilitated through The Reconciliation Summary Report?

A. Drill down to see details of what still needs to be transferred and posted to the General
Ledger.

B. Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering WITHOUT downloading to Excel.

C. Drill down to see reconciliation details and make reconciling for corrections.

D. Drill down on the difference amounts to see specific reconciling items and the potential cause of the out of balance condition.

E. Drill down from any of the summarized Receivables and Accounting amounts to see the detailed activity.

Discussion 0

Correct Answer: C,D,E Vote an answer

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Question #2

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

A. Billing Specialist.

B. Revenue Manager

C. Accounts receivable Manager

D. Accounts Receivable specialist.

Discussion 0

Correct Answer: D Vote an answer

Question #3

An invoice was created with unit price error on one invoice item. What is the next step you perform form the Billing Work Area to correct this error?

A. Click the Create Transaction link on the task pane and create a new transaction with the right unit price.

B. Click the Manage Transaction link on the task pane and create a credit memo for the transaction.

C. Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.

D. Click the Credit Transaction link on the task pane and create a credit memo for the transaction.

Discussion 0

Correct Answer: D Vote an answer

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Question #4

The interactive Receivables to General ledger Reconciliation Report allows reconciliation.

A. by ledger, specific organization, OR account balancing segment

B. only by ledger

C. only by specific organization

D. only by account balancing segment

Discussion 0

Correct Answer: B Vote an answer

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Question #5

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 which column to complete the transaction?

A. Transaction Date

B. Transaction Number

C. Transaction Class

D. transaction Source

Discussion 0

Correct Answer: B Vote an answer

Question #6

Which statement is true when creating an Implementation Project for Financials Cloud?

A. Plan your implementation project carefully because you cannot delete it or make changes later.

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

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

D. Selecting the Offering "Financials," automatically allows you to perform the setup for all
Financials Cloud products.

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

Discussion 0

Correct Answer: E Vote an answer

Question #7

Your company operates in an environment of a highly inflationary economy and fluctuating exchange rates.
Which data conversion level should you use?

A. Subledger Level or Journal Level

B. Balance Level

C. Only Journal Level

D. Adjustment Only

E. Only Subledger Level

Discussion 0

Correct Answer: E Vote an answer

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Question #8

Select three valid statements related to the Shared Service Model.

A. Shared Service Personnel can do cross-business unit cash application.

B. Shared Service Personnel can see customer account details across business units.

C. Shared Service Personnel can report data across all business units but can enter transactions ONLY against one business unit.

D. Shared Service Personnel can view Invoices across various business units.

E. Shared Service Personnel can process invoices for various business units.

Discussion 0

Correct Answer: B,D,E Vote an answer

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Question #9

In what scenario would you delete the receipt?

A. The payment needs to be returned to the customer.

B. The receipt has been applied to the wrong transaction.

C. No payment is received from the customer for the receipt amount.

D. The receipt has been created but NOT yet applied to the transaction.

Discussion 0

Correct Answer: D Vote an answer

Question #10

What is the impact on transactions if you change the billing cycle for a customer of group of customers?

A. Existing transactions with NO activity retain the old billing cycle.

B. New transaction after this change inherit the new billing cycle.

C. The billing cycle does NOT have any impact on new transactions.

D. Existing transactions with activity adapt the; new billing cycle.

Discussion 0

Correct Answer: B Vote an answer

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