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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. What are the three steps required to implement the Lockbox feature?
A) Set up late charges.
B) Set up Receipt Classes and Receipt Methods.
C) Set up credit card refunds.
D) Set up Lockbox and Lockbox Transmission Formats.
E) Set up Receipt Sources.
2. You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?
A) Pending Research
B) Pending Approval from Others
C) Pending Approval
D) Approved
E) Pending My Approval
3. A company has implemented a flat interest calculation late charges. Determine the late charge based on:
-Amount Overdue = $1,500 -Interest Rate = 20% -Days Overdue = 10 -Days in period = 30 -Outstanding Charges = $80
A) $100
B) $105.33
C) $300
D) $1,580
4. 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
5. What are the three ways a Dispute Request can be submitted?
A) By a Receivable Manager through the Reconciliation Work Area
B) By a Billing Manager through the Transaction UI in the Adjustment Work Area
C) By a Billing Specialist through the Billing Work Area
D) By an Account Receivables Specialist through the Receivables Balances Work Area
E) By a Collections Agent through the Advanced Collections application in the Customer Work Area
Solutions:
Question # 1 Answer: C,D,E | Question # 2 Answer: A,E | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A,C,E |