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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. The collections Manager wants to see a summary of delinquency data for a specific customer. Which tab will display the summary delinquency data?
A) Profile lab
B) Customer Aging tab
C) Transactions lab
D) Contacts tab
2. You have completed the period-end activities and have set the receivables period to Close Pending. Now you need to make further adjustments. What is the correct approach?
A) Adjustments can be made even if the receivables accounting period is set to Close Pending.
B) The receivables accounting period can be re-opened when the period status is Close Pending, and last minute adjustments can be made.
C) Once the receivables accounting period is set to Close Pending, it can NOT be re-opened, and NO further adjustments can be made.
D) Adjustments can be made anytime regardless of the receivables accounting period value.
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) Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
C) If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
D) Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
4. Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?
A) Graphical and visualization components for viewing the reconciliation details
B) Drilldown to see reconciling details
C) Limiting the display using the ad hoc parameter
D) The reasons for the reconciling differences
E) Drilldown to see what needs to transfer and post to the general ledger
5. 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 can be done during creation of the transaction.
C) Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.
D) Transaction exclusion can NOT be done during the creation of a transaction.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: E | Question # 5 Answer: A |
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