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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

A) The billing cycle does NOT have any impact on new transactions.
B) Existing transactions with activity adapt the; new billing cycle.
C) New transaction after this change inherit the new billing cycle.
D) Existing transactions with NO activity retain the old billing cycle.

2. The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

A) Customer Aging tab
B) Transaction Details tab
C) Transactions tab
D) Transaction aging tab

3. You are an Accounts Receivables Manager and you have the Receivables Inquiry Duty role attached to your Job Role. What tasks are you allowed to perform under this duty role?

A) View Receivables Invoices
B) View Receivables Credit Memos
C) Review Customer Account Activities
D) Dispute Receivable transactions
E) View Receivables Receipts

4. You have confirmed an automatic receipt in error. What is the correct method to rectify the error?

A) Unconfirm the automatic receipt.
B) Reverse and recreate the receipt.
C) Delete the automatic receipt batch.
D) Remove the receipt from the batch.

5. Which three transaction types are used to generate late charges?

A) Credit Memo
B) Debit Memo
C) Cash Receipts
D) Invoice Interest
E) Adjustments against the original transaction

Solutions: