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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. For refund requests, Autoinvoice automatically places the on-account amount of a refund request if ____________ and ____________.
A) receipts with different payment types were used to pay the same transaction to be credited
B) the receipt does NOT have on account credit memo against it
C) installments that existed on the transaction were fully paid
D) the receipt to be refunded has NOT yet been remitted
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) There was an error when updating the status during the delinquency process. Fix it and rerun the process.
B) The status of the past due transactions appear as blank.
C) The status of the current or paid in full transactions appear as blank.
D) The transaction status is NOT automatically updated when the process runs.
3. Select three values that default from Customer Profile Classes.
A) Currency
B) Legal Entity
C) Statement Cycle
D) Payment Terms
E) Business Purpose
4. What are the three valid statements related to third-party control accounts that have the type Customer?
A) When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
B) The subledger journal entry lines that use this account MUST have customer information.
C) The subledger Journal entry lines that use this account need not have customer information
D) The customer subledger third party balances will be updated when Journal is completed to Draft Status.
E) The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.
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) Only the business unit to which the user belongs
D) All business units in the organization
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: A | Question # 3 Answer: A,C,D | Question # 4 Answer: A,B,E | Question # 5 Answer: B |




