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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, Customer Search feature
B) Delinquent Customer list, Activities list, Process Monitor table
C) Delinquent Customer list, Activities list, Customer Search feature. Process Monitor table
D) Delinquent Customer list, Activities list
2. Identify the different dunning letter versions provided to the customer.
A) Final Demand, Soft, Medium
B) Soft, Regular, Hard
C) Regular, Final Demand, Medium
D) Regular, Medium, Hard
3. What are the steps in running the AutoLockbox Concurrent Process?
A) Enter receipts, validate data, and apply QuickCash.
B) Import bank file, validate data, and post QuickCash.
C) Enter receipts, import bank file, validate data, and post QuickCash.
D) Import bank file, enter receipts, and validate QuickCash.
4. The client has implemented revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and acceptance clause (100 days). Explain when revenue will be recognized.
A) Recognized Immediately
B) Recognized after 100 days
C) Recognized only after manual intervention
D) Recognized after 60 days
5. What are the three drilldown options available in the task pane for Receipt Remittance?
A) Create receipt remittance batch
B) Lockbox transmission history
C) Apply credit memo
D) Manage receipt remittance batches
E) Manage fund transfers
Solutions:
Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A,D,E |