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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the Manage Transactions user interface to enter the correct transaction. Which two actions does the Manage Transactions user interface allow you to perform for the Rebill task?

A) Incomplete the transaction.
B) Create a credit memo.
C) Reverse the Transaction.
D) Correct the unit price.
E) Duplicate the original transaction.

2. In the customer hierarchy of ABC Corporation, ABC Worldwide is the parent company of ABC USA and ABC Japan. ABC West is a subsidiary of ABC USA. Select three valid statements if the ABC corporation hierarchy is assigned to a Pay Below Paying relationship.

A) ABC USA can pay for ABC Worldwide, ABC West, and its own transactions.
B) ABC Worldwide can pay for ABC USA, ABC Japan, ABC West, and its own transactions.
C) ABC Japan can pay its own transactions.
D) ABC Japan can pay tor ABC West, ABC USA, and its own transactions.
E) ABC USA can pay for ABC West and its own transactions.

3. The method used to capture receipts data in mass while offline and upload the receipts at a later data is called ____________.

A) Manual receipt entry
B) Automatic receipts
C) Receipts via spread sheet.
D) Lockbox receipts

4. An Invoice with an original balance of $100 has a receipt application for $75. The Collector enters a dispute for $50 for this invoice and submits it for approval. Select the valid statement.

A) A Credit Memo for $50 will be created.
B) A Credit Memo for $50 and a Debit Memo for $25 will be generated.
C) A Credit Memo will NOT be created, because the disputed amount is greater than the invoice balance.
D) A Credit Memo for $25 will be created.

5. Where are the alerts and approvals displayed in the Collection Work Area?

A) Delinquent Customer List Region
B) Watch list
C) Notification Pop-up
D) Activities List

Solutions:

Question # 1 Answer: B,E

Question # 2 Answer: B,C,E

Question # 3 Answer: C

Question # 4 Answer: B

Question # 5 Answer: D