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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. Select the two key system options related to customers.

A) Transaction Source
B) Customer Credit Classification
C) Reciprocal Customer
D) Automatic Site Numbering
E) Receipt Method
F) Default country

2. What are the three steps required to implement the Lockbox feature?

A) Set up Lockbox and Lockbox Transmission Formats.
B) Set up late charges.
C) Set up credit card refunds.
D) Set up Receipt Sources.
E) Set up Receipt Classes and Receipt Methods.

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

4. Select three values that the dunning letter generation program includes.

A) Credit memo
B) Prepayments
C) Debit memo
D) Unapplied
E) Invoice

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

Solutions: