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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. What two items are required for customer invoicing?
A) Remit-to address
B) Customer Profile Classes
C) Customers
D) Lockbox
2. What is the impact on transactions if you change the billing cycle for a customer of group of customers?
A) Existing transactions with activity adapt the; new billing cycle.
B) Existing transactions with NO activity retain the old billing cycle.
C) The billing cycle does NOT have any impact on new transactions.
D) New transaction after this change inherit the new billing cycle.
3. Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?
A) Transaction exclusion can NOT be done during the creation of a transaction.
B) Transaction exclusion can be done during creation of the transaction.
C) Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.
D) Transaction exclusion for a statement can be done at each transaction level.
4. Dunning can be configured using ___________.
A) both by single business unit or multiple business units
B) only multiple business units
C) can NOT be configured by business units
D) only one business unit
5. You have created payment terms and associated them with the reference data set. Business unit X has a set assignment of Enterprise set for payment terms.
Payment Term = Net 30, Reference Data Set = Enterprise Set
Payment Term = Net 45, Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30, Reference Data Set = USA Set
Payment Term = Net 45, Reference Data Set = USA Set
If an Invoice is raised under business unit X.
Which payment terms are applicable to the transaction?
A) Net 30 (Enterprise Set), Net 45 (Enterprise Set)
B) Net 30 (Enterprise Set). Net 45 (USA Set)
C) 1%/10 Net 30 (USA Set), Net 45 (USA Set)
D) Net 45 (Enterprise Set), Net 45 (USA Set)
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
By Bennett
