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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The communication information region in the customer account record is used to maintain what customer information?

A) Job Responsibilities
B) Payment Instruments
C) Account Relationships
D) Account Profiles

2. An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

A) The user can enter parameters to limit the information to be included.
B) Interactive reports ALWAYS require an ESS program to be run.
C) The user can NOT drill down from the Interactive reports user interface
D) The report is always ad hoc.

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

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

4. The Billing Specialist has entered an invoice in a foreign currency. After completing the invoice she realized that she has to adjust the conversion rate on the transaction. The invoice is already paid and has a receipt applied to it. Which is the setup that is NOT relevant to the Billing Specialist?

A) Reverse the transaction.
B) Recreate the transaction at a new rate.
C) Adjust the conversion rate.
D) Incomplete the transaction.

5. What three Items must be set up in the Application Set Up Manager to facilitate refunds?

A) Credit card refunds
B) Automatic Receipt Handling
C) Credit Card Chargeback
D) Non credit card refunds
E) Late charges

Solutions: