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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. The Accounts Receivable Specialist associated duty include which three duties?
A) Import Payables invoices Duty
B) Receivables Accounting Duty
C) Receipt Creation Duty
D) Trading Community Hierarchy Management Duty
E) Payment Settlement Management Duty
2. Which three steps of the Fund Capture Process are controlled by rules in the Fund Capture Process Profile?
A) Creation of Settlement grouping rules
B) Creation of routing rules
C) Building Settlements into a settlement batch
D) Transmitting messages to the payment system
E) Formatting messages
3. What is true about the aged dunning method?
A) Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent.
B) The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket.
C) Multiple aged dunning letters are sent to the same customer who has more than one delinquent transaction.
D) Aged dunning sends dunning letters based on the age of the oldest transaction.
4. A grouping rule you created in the system specifies that the Items should match all mandatory and optional attributes. What logic is used to create the invoices from the transaction file through Autoinvoicing?
Item A: USD (Currency), ACME (Bill-to). 5001 (Order Number), Domestic (Order Type), 1 (Transaction Number)
Item B: USD (Currency), ACME (Bill to), 5002(Order Number), Domestic (Order Type), 1 (Transaction Number)
Item C: USD (Currency), ACME (Bill to), 112 (Order Number), No Ship (Order Type), 2 Transaction Number)
Item D: USD (Currency), BONN (Bill to), 501 (Order Number), International (Order Type), 3 (Transaction Number)
A) Items A and B from Invoice 1, Items C and D from Invoice 2
B) Items A and B from Invoice 1, Item C from Invoice 2, Hem D from Invoice 3
C) Item A from Invoice 1, Item B from Invoice 2, Item C from Invoice 3, Item D from Invoice 4
D) Item A from Invoice 1, Item B from Invoice 2, Items C and D from Invoice 3
5. Which three duties are associated with the Payment Management Specialist role?
A) Billing inquiry duty.
B) Create receivables credit card charge back.
C) Receipt creation duty.
D) Create receivables credit card refund.
E) Create receivables refund.
Solutions:
Question # 1 Answer: B,C,E | Question # 2 Answer: C,D,E | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B,C,E |