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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Collections Dashboard is comprised of the____________.

A) Delinquent Customer list, Activities list, Process Monitor table
B) Delinquent Customer list, Activities list
C) Delinquent Customer list, Activities list, Customer Search feature
D) Delinquent Customer list, Activities list, Customer Search feature. Process Monitor table

2. Which two options are features of the Create Automatic Receipts Write-Off program?

A) Schedule periodic write offs as receipt adjustments for small remaining balances.
B) Create write-offs for overpayment amount.
C) Create write-offs for overpayment and underpayment amounts.
D) It is NOT mandatory to set up a write-off account in your receivables activity.

3. What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?

A) Incomplete Transaction
B) Reverse the Transaction
C) Complete and Review
D) Create a New Transaction

4. Where is the summary delinquency data displayed on the Collections Dashboard?

A) Transactions tab
B) Correspondence tab
C) Profiles tab
D) Customer Aging tab

5. Identify two late charge interest calculation methods.

A) Previous Balance
B) Adjusted Balance
C) Overdue Transactions
D) Average Daily Balance

Solutions: