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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. 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 from Others
D) Pending Approval
E) Pending My Approval
2. Which option must be set up in order to adjust an invoice and enter an amount greater than the balance due?
A) Set the Allow Overapplication on the profile options to Yes.
B) You can NOT enter on amount, greater than the balance due.
C) Set the Allow Overapplication on receivables activity to Yes.
D) Set the Allow Overapplication on transaction type to Yes.
3. Tables for the Customer Master are owned by ____________.
A) Oracle Fusion Distributed Order Orchestration
B) Oracle Fusion Receivables
C) Oracle Fusion Customer Relationship Management
D) Oracle Fusion Trading Community Architecture
4. You have confirmed an automatic receipt in error. What is the correct method to rectify the error?
A) Remove the receipt from the batch.
B) Delete the automatic receipt batch.
C) Unconfirm the automatic receipt.
D) Reverse and recreate the receipt.
5. In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance. Select the valid accounting entry that would be generated when receipts are cleared.
A) The Factoring account is debited and the Short term debt account is credited.
B) The Cash and Bank charges accounts are debited and the Factoring account is credited
C) The Short term debt account is debited and the Factoring account is credited.
D) The Cash and Bank charges accounts are debited and the Short term debt account is credited
Solutions:
| Question # 1 Answer: A,E | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
By Jim
