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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. What three Work Areas are used to review and manage actionable items before the closing period?

A) The Billing Work Area for invoicing and adjustment approval related activities
B) The Revenue Adjustments Work Area for customer payment and credit application processing.
C) The Receivables Balances Work Area for invoicing and adjustment approval related activities.
D) The Receivables Balances Work Area for customer payment and credit application processing
E) The Revenue Adjustments Work Area for contingencies affecting revenue recognition

2. What is the grouping order used to group transaction lines during the Autoinvoice Import process?

A) Transaction Source, Customer Account Profile, system options. Customer Site Profile
B) System options. Customer Site Profile, Transaction Source, Customer Account Profile
C) Transaction Source, Customer Account Profile, Customer Site Profile, system options
D) transaction Source, Customer Site Profile, Customer Account Profile, system options

3. The interactive Receivables to General ledger Reconciliation Report allows reconciliation.

A) by ledger, specific organization, OR account balancing segment
B) only by specific organization
C) only by ledger
D) only by account balancing segment

4. 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) Pending Clearance
E) On Account Receipts

5. In the customer hierarchy of ABC Corporation, ABC Worldwide is the parent company of ABC USA and ABC Japan. ABC West is a subsidiary of ABC USA. Select three valid statements if the ABC corporation hierarchy is assigned to a Pay Below Paying relationship.

A) ABC Japan can pay tor ABC West, ABC USA, and its own transactions.
B) ABC USA can pay for ABC West and its own transactions.
C) ABC Worldwide can pay for ABC USA, ABC Japan, ABC West, and its own transactions.
D) ABC Japan can pay its own transactions.
E) ABC USA can pay for ABC Worldwide, ABC West, and its own transactions.

Solutions: