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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. AutoCash rules apply to__________.

A) automatic receipts
B) credit card
C) QuickCash
D) manual receipts

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

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

3. The client has implemented revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and acceptance clause (100 days). Explain when revenue will be recognized.

A) Recognized only after manual intervention
B) Recognized after 60 days
C) Recognized Immediately
D) Recognized after 100 days

4. Which two display columns that impact the Collections Dashboard are defined in the Global Setup Preference Region?

A) Display of open transactions
B) Default transaction class
C) Display of closed receipts
D) Display of customer profile
E) Default exchange rate

5. When a customer opts to make a payment by a credit card, this receipt is identified as a (n) _____________.

A) QuickCash receipt
B) manual receipt
C) miscellaneous receipt
D) Autolockbox receipt
E) automatic receipt

Solutions:

Question # 1 Answer: A

Question # 2 Answer: C

Question # 3 Answer: D

Question # 4 Answer: A,B

Question # 5 Answer: E