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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

2. The drilldown option available in the task pane for receipts does NOT include ____________.

A) Lockbox Transmission History
B) Create Remittance via Spreadsheet
C) Create Receipt via Spreadsheet
D) Correct Funds Transfer Errors

3. Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?

A) Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
B) If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
C) Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
D) Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.

4. In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance. Select the valid accounting entry that would be generated when receipts are cleared.

A) The Cash and Bank charges accounts are debited and the Factoring account is credited
B) The Short term debt account is debited and the Factoring account is credited.
C) The Factoring account is debited and the Short term debt account is credited.
D) The Cash and Bank charges accounts are debited and the Short term debt account is credited

5. Dunning can be configured using ___________.

A) only multiple business units
B) both by single business unit or multiple business units
C) only one business unit
D) can NOT be configured by business units

Solutions: