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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?
A) Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
B) Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
C) If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
D) Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
2. In what scenario would you delete the receipt?
A) The receipt has been created but NOT yet applied to the transaction.
B) The receipt has been applied to the wrong transaction.
C) The payment needs to be returned to the customer.
D) No payment is received from the customer for the receipt amount.
3. The drilldown option available in the task pane for receipts does NOT include ____________.
A) Create Receipt via Spreadsheet
B) Lockbox Transmission History
C) Create Remittance via Spreadsheet
D) Correct Funds Transfer Errors
4. What are the steps in running the AutoLockbox Concurrent Process?
A) Enter receipts, validate data, and apply QuickCash.
B) Import bank file, enter receipts, and validate QuickCash.
C) Import bank file, validate data, and post QuickCash.
D) Enter receipts, import bank file, validate data, and post QuickCash.
5. Where are the alerts and approvals displayed in the Collection Work Area?
A) Watch list
B) Activities List
C) Delinquent Customer List Region
D) Notification Pop-up
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |






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