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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.
A) Auto Accounting Rule for revenue line type
B) Cash account on the receipt
C) Revenue account of the original transaction to which the receipt is applied
D) Revenue Account Specified in Debit Memo transaction type
2. Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-seeded templates are available?
A) 4
B) 5
C) 8
D) 6
3. What are the three ways a Dispute Request can be submitted?
A) By a Receivable Manager through the Reconciliation Work Area
B) By a Billing Manager through the Transaction UI in the Adjustment Work Area
C) By a Billing Specialist through the Billing Work Area
D) By a Collections Agent through the Advanced Collections application in the Customer Work Area
E) By an Account Receivables Specialist through the Receivables Balances Work Area
4. A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?
A) The program creates adjustments only for the amounts within his approval limit
B) The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.
C) The program can only be run if the amount is within his approval limits.
D) The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
5. Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?
A) Limiting the display using the ad hoc parameter
B) Drilldown to see what needs to transfer and post to the general ledger
C) The reasons for the reconciling differences
D) Graphical and visualization components for viewing the reconciliation details
E) Drilldown to see reconciling details
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A,C,D | Question # 4 Answer: B | Question # 5 Answer: B |
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