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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) If strategies are used, go to the Collector's Work Queue and verify that the strategy work items are listed.
C) Navigate to the Transactions tab to verify that the open 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. An Invoice with an original balance of $100 has a receipt application for $75. The Collector enters a dispute for $50 for this invoice and submits it for approval. Select the valid statement.

A) A Credit Memo for $50 and a Debit Memo for $25 will be generated.
B) A Credit Memo for $25 will be created.
C) A Credit Memo will NOT be created, because the disputed amount is greater than the invoice balance.
D) A Credit Memo for $50 will be created.

3. The communication information region in the customer account record is used to maintain what customer information?

A) Account Profiles
B) Account Relationships
C) Payment Instruments
D) Job Responsibilities

4. Which two display columns that impact the Collections Dashboard are defined in the Global Setup Preference Region?

A) Display of open transactions
B) Display of closed receipts
C) Default exchange rate
D) Display of customer profile
E) Default transaction class

5. What is true about the aged dunning method?

A) Aged dunning sends dunning letters based on the age of the oldest transaction.
B) Multiple aged dunning letters are sent to the same customer who has more than one delinquent transaction.
C) Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent.
D) The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket.

Solutions: