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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. Which three transaction types are used to generate late charges?

A) Invoice Interest
B) Debit Memo
C) Cash Receipts
D) Credit Memo
E) Adjustments against the original transaction

2. What are the three steps required to implement the Lockbox feature?

A) Set up late charges.
B) Set up credit card refunds.
C) Set up Lockbox and Lockbox Transmission Formats.
D) Set up Receipt Sources.
E) Set up Receipt Classes and Receipt Methods.

3. Identify the different dunning letter versions provided to the customer.

A) Soft, Regular, Hard
B) Regular, Final Demand, Medium
C) Regular, Medium, Hard
D) Final Demand, Soft, Medium

4. Which task does NOT belong to the task list Define Business Units?

A) Manage Set Assignments for Set Determinants.
B) Manage Service Provider Relationships.
C) Verify Data Role Generation for the Business Unit Business Function
D) Verify Service Clients.

5. Which three scenarios require a debit memo reversal?

A) To reverse a miscellaneous receipt
B) To reverse a receipt that has a chargeback with an adjustment against it
C) To reverse Receipt A that was applied to Receipt B and reversal would draw balance of Receipt B negative
D) To reverse Receipt A that was applied to Receipt B and where the reversal draws balance of Receipt B positive
E) To reverse a receipt with remitted credit card refund application

Solutions: