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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

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

2. The communication information region in the customer account record is used to maintain what customer information?

A) Account Profiles
B) Account Relationships
C) Payment Instruments
D) Job Responsibilities

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

4. Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?

A) Transaction exclusion for a statement can be done at each transaction level.
B) Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.
C) Transaction exclusion can be done during creation of the transaction.
D) Transaction exclusion can NOT be done during the creation of a transaction.

5. Identify two late charge interest calculation methods.

A) Previous Balance
B) Average Daily Balance
C) Overdue Transactions
D) Adjusted Balance

Solutions: