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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Accounts Receivable Specialist associated duty include which three duties?

A) Payment Settlement Management Duty
B) Trading Community Hierarchy Management Duty
C) Import Payables invoices Duty
D) Receipt Creation Duty
E) Receivables Accounting Duty

2. You have run the delinquency process for a customer and have navigated to the transactions tab to view the status. Why is the status for the transactions blank?

A) The transaction status is NOT automatically updated when the process runs.
B) The status of the past due transactions appear as blank.
C) There was an error when updating the status during the delinquency process. Fix it and rerun the process.
D) The status of the current or paid in full transactions appear as blank.

3. A debit memo reversal must be used to reverse the receipt if the receipt ____________.

A) has an open claim associated with it
B) has been reconciled in Cash Management
C) is non-invoice related
D) has a remitted credit card refund application

4. The rules applicable to issue refunds are____________. Select two.

A) You can NOT refund more than either the original receipt amount or the remaining unapplied amount.
B) You can issue a credit card refund to a customer who has made a cash payment.
C) You can refund receipts that are factored.
D) You can refund receipts that were either remitted or cleared.

5. 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 can only be run if the amount is within his approval limits.
B) The program creates adjustments only for the amounts within his approval limit
C) The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
D) The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.

Solutions: