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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. 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

2. The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?

A) Pending Approval
B) Unapplied Receipts
C) Pending Confirmation
D) On Account Receipts
E) Pending Clearance

3. Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.

A) The transaction is partially paid.
B) The transaction type is NOT associated to a credit memo type.
C) The transaction date falls in a closed period.
D) The transaction balance is zero.

4. Tables for the Customer Master are owned by ____________.

A) Oracle Fusion Customer Relationship Management
B) Oracle Fusion Receivables
C) Oracle Fusion Distributed Order Orchestration
D) Oracle Fusion Trading Community Architecture

5. A debit memo reversal must be used to reverse the receipt if the receipt ____________.

A) has been reconciled in Cash Management
B) has an open claim associated with it
C) is non-invoice related
D) has a remitted credit card refund application

Solutions: