We're so confident of our products that we provide no hassle product exchange.
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Which three duties are associated with the Payment Management Specialist role?
A) Create receivables refund.
B) Receipt creation duty.
C) Billing inquiry duty.
D) Create receivables credit card charge back.
E) Create receivables credit card refund.
2. 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) $100
C) $1,580
D) $105.33
3. What are the three validation steps required for implementing dispute processing?
A) BPM Work List for approval configuration is validated.
B) Periods for which the transaction can be disputed are Open.
C) The Recognize Revenue program is scheduled.
D) Transaction types are set up with appropriate Credit Memo types.
E) The Document Sequencing required is set up.
4. A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?
A) The program can only be run if the amount is within his approval limits.
B) The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
C) The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.
D) The program creates adjustments only for the amounts within his approval limit
5. Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.
A) The transaction balance is zero.
B) The transaction is partially paid.
C) The transaction date falls in a closed period.
D) The transaction type is NOT associated to a credit memo type.
Solutions:
| Question # 1 Answer: A,B,D | Question # 2 Answer: B | Question # 3 Answer: A,B,D | Question # 4 Answer: C | Question # 5 Answer: D |
By Eden
