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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. 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 conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
D) Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.

2. The default dunning contact name can be specified in the __________.

A) Dunning Configuration Details in the Manage Dunning Configuration
B) Create Dunning Configuration in the Manage Dunning Configuration
C) Preferences in the Manage Collection Preferences
D) Global Preferences in the Manage Collection Preferences

3. What are the steps in running the AutoLockbox Concurrent Process?

A) Enter receipts, import bank file, validate data, and post QuickCash.
B) Import bank file, enter receipts, and validate QuickCash.
C) Enter receipts, validate data, and apply QuickCash.
D) Import bank file, validate data, and post QuickCash.

4. You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?

A) Pending Research
B) Approved
C) Pending Approval
D) Pending My Approval
E) Pending Approval from Others

5. The Collections Manager is identifying delinquent transactions, while submitting the Determine
Delinquency lining Scoring program, in which business unit will the collections Manager be able to view the parameters list?

A) Only those business units for which there are delinquent customers
B) Only those business units for which the user has access
C) All business units in the organization
D) Only the business unit to which the user belongs

Solutions: