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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?

A) Unapplied Receipts
B) On Account Receipts
C) Pending Confirmation
D) Pending Approval
E) Pending Clearance

2. You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions. What parameters are used to summarize the exceptions for review?

A) Business Unit, Transaction Type, Invoice Date, Currency
B) Business Unit, Customer Name, Transaction Source, Total Amount
C) Business Unit, Transaction Source, Transaction Type, Creation Date
D) Business Unit, Transaction Source, Creation Date, Currency

3. An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.

A) Earned revenue will be credited for $50.
B) Unearned revenue will be debited for $50.
C) Earned revenue will be debited for $50.
D) Unearned revenue will be credited for $100.

4. When running the delinquency process for a customer, the business unit for which you want to run the process is NOT appearing in the drop down menu. Identify the action you need to take.

A) The business unit is NOT a required option In the Parameters tab to run the delinquency process.
B) Click on the Settings button to apply the appropriate settings so that the business unit appears in the chop down menu.
C) Click the check box to enter the default business unit if it is NOT appearing in the drop down menu.
D) Only the business units the user has access to will appear in the list of values. Modify the security options to provide access to the user.

5. What are the two parameters on which Collectors can create and save customer lists?

A) Aging Bucket
B) Currency
C) Work Status
D) Priority

Solutions: