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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

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

2. Identify two late charge interest calculation methods.

A) Overdue Transactions
B) Adjusted Balance
C) Previous Balance
D) Average Daily Balance

3. Which two options are features of the Create Automatic Receipts Write-Off program?

A) It is NOT mandatory to set up a write-off account in your receivables activity.
B) Create write-offs for overpayment amount.
C) Create write-offs for overpayment and underpayment amounts.
D) Schedule periodic write offs as receipt adjustments for small remaining balances.

4. Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?

A) Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
B) Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
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 conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.

5. Where is the summary delinquency data displayed on the Collections Dashboard?

A) Profiles tab
B) Correspondence tab
C) Transactions tab
D) Customer Aging tab

Solutions: