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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. What are the three Multiple Receipt Creation Methods available?

A) Standard remittance
B) Manual receipt creation
C) Automatic
D) Lock box
E) Factor remittance

2. Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?

A) If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
B) Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
C) Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
D) Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.

3. When a customer opts to make a payment by a credit card, this receipt is identified as a (n) _____________.

A) QuickCash receipt
B) automatic receipt
C) manual receipt
D) miscellaneous receipt
E) Autolockbox receipt

4. AutoCash rules apply to__________.

A) credit card
B) automatic receipts
C) QuickCash
D) manual receipts

5. Identify two credit memo options.

A) Paid amount only
B) Advance
C) Invoice lines
D) Tax only
E) Paid freight

Solutions: