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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. A Collections Agent wants to verify that the delinquency status are accurately assigned and all the dependent processes have occurred. Which three options are true in this scenario?
A) Select the Collections window to see the dunning events that have occurred.
B) Navigate to the Transactions tab to verify that the open work items are listed.
C) If strategies are used, go to the Collector's Work Queue and verify that the strategy work items are listed.
D) Navigate to the Collections tab to find all delinquencies In the Collection Header.
E) Go to the Collector's Work Queue and see whether the delinquent accounts are listed under the Delinquent Accounts node.
2. Which three transaction types are used to generate late charges?
A) Debit Memo
B) Cash Receipts
C) Invoice Interest
D) Credit Memo
E) Adjustments against the original transaction
3. Which task does NOT belong to the task list Define Business Units?
A) Manage Service Provider Relationships.
B) Verify Data Role Generation for the Business Unit Business Function
C) Verify Service Clients.
D) Manage Set Assignments for Set Determinants.
4. The Billing Specialist receives information that the invoice was billed with the incorrect freight amount.
What action is required?
A) The freight amount must be correct; the Billing Specialist must review it again.
B) Perform adjustments when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be corrected.
C) Perform Credit Memos when the original invoice has billing error (such as incorrect freight amounts, line item pricing, tax amounts, and finance charges) or the entire invoice should be corrected.
D) A Dispute Request can be submitted by the Billing Specialist through the Billing Work Area.
E) Perform Debit memos when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be created.
5. You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?
A) Pending Research
B) Pending My Approval
C) Approved
D) Pending Approval
E) Pending Approval from Others
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: A,C,E | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A,B |
By Herbert
