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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. An invoice was created with unit price error on one invoice item. What is the next step you perform form the Billing Work Area to correct this error?

A) Click the Create Transaction link on the task pane and create a new transaction with the right unit price.
B) Click the Credit Transaction link on the task pane and create a credit memo for the transaction.
C) Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.
D) Click the Manage Transaction link on the task pane and create a credit memo for the transaction.

2. A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?

A) The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.
B) The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
C) The program can only be run if the amount is within his approval limits.
D) The program creates adjustments only for the amounts within his approval limit

3. What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?

A) Reverse the Transaction
B) Incomplete Transaction
C) Create a New Transaction
D) Complete and Review

4. The method used to capture receipts data in mass while offline and upload the receipts at a later data is called ____________.

A) Lockbox receipts
B) Manual receipt entry
C) Receipts via spread sheet.
D) Automatic receipts

5. You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?

A) Pending Approval from Others
B) Pending Approval
C) Approved
D) Pending My Approval
E) Pending Research

Solutions: