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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. What are the two parameters on which Collectors can create and save customer lists?

A) Work Status
B) Aging Bucket
C) Priority
D) Currency

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

3. What are the three valid statements related to third-party control accounts that have the type Customer?

A) When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
B) The subledger Journal entry lines that use this account need not have customer information
C) The subledger journal entry lines that use this account MUST have customer information.
D) The customer subledger third party balances will be updated when Journal is completed to Draft Status.
E) The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.

4. Select three values that default from Customer Profile Classes.

A) Business Purpose
B) Statement Cycle
C) Payment Terms
D) Currency
E) Legal Entity

5. There are concurrent programs that run related to data in the Overview Region of the review Customer Accounts Details user interface. Which program is run to synchronize the updated receivables data?

A) Process Receivables Past Due Transactions for summary Tables Program
B) Process Receivables transactional Events for Summary Tables Program.
C) Refresh Receivables transactional Events for Summary Tables Program.
D) Refresh Receivables Past Due Transactions for summary Tables Program

Solutions: