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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Which task does NOT belong to the task list Define Business Units?
A) Manage Set Assignments for Set Determinants.
B) Verify Service Clients.
C) Manage Service Provider Relationships.
D) Verify Data Role Generation for the Business Unit Business Function
2. When running the delinquency process for a customer, the business unit for which you want to run the process is NOT appearing in the drop down menu. Identify the action you need to take.
A) Only the business units the user has access to will appear in the list of values. Modify the security options to provide access to the user.
B) Click the check box to enter the default business unit if it is NOT appearing in the drop down menu.
C) The business unit is NOT a required option In the Parameters tab to run the delinquency process.
D) Click on the Settings button to apply the appropriate settings so that the business unit appears in the chop down menu.
3. What are the three valid statements related to third-party control accounts that have the type Customer?
A) The subledger Journal entry lines that use this account need not have customer information
B) The customer subledger third party balances will be updated when Journal is completed to Draft Status.
C) The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.
D) The subledger journal entry lines that use this account MUST have customer information.
E) When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
4. What are the three Multiple Receipt Creation Methods available?
A) Automatic
B) Lock box
C) Factor remittance
D) Standard remittance
E) Manual receipt creation
5. What three Items must be set up in the Application Set Up Manager to facilitate refunds?
A) Credit Card Chargeback
B) Non credit card refunds
C) Late charges
D) Automatic Receipt Handling
E) Credit card refunds
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C,D,E | Question # 4 Answer: A,C,D | Question # 5 Answer: B,D,E |

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