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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Billing manager has navigated to the Billing Work Area to complete a transaction. The Incomplete transactions Overview Region on the Billing Work Area page has a drilldown option through which column to complete the transaction?

A) transaction Source
B) Transaction Class
C) Transaction Date
D) Transaction Number

2. ABC, Inc. has business units A and B.
ABC, Inc. acquires XYZ Corporation and adds business unit C.
The Receivable Manager can see only transactions for business units A and B, but NOT C.
Why is business unit C NOT visible to the Receivables Manager?

A) The Receivable Manager is NOT assigned with a data role relevant to business unit C.
B) Business units A and C belong to different subledgers than business unit C.
C) Business units A and B represent different legal entities as compared to business unit C.
D) Business units A and B belong lo different ledgers than business unit

3. What are the three drilldown options available in the task pane for Receipt Remittance?

A) Create receipt remittance batch
B) Apply credit memo
C) Manage fund transfers
D) Manage receipt remittance batches
E) Lockbox transmission history

4. Which three actions are facilitated through The Reconciliation Summary Report?

A) Drill down from any of the summarized Receivables and Accounting amounts to see the detailed activity.
B) Drill down on the difference amounts to see specific reconciling items and the potential cause of the out of balance condition.
C) Drill down to see details of what still needs to be transferred and posted to the General Ledger.
D) Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering WITHOUT downloading to Excel.
E) Drill down to see reconciliation details and make reconciling for corrections.

5. 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) $300
B) $105.33
C) $100
D) $1,580

Solutions: