Oracle Fusion Financials 11g Accounts Receivable Essentials Set 1

1.

Which task does NOT belong to the task list Define Business Units?

Verify Service Clients. Manage Service Provider Relationships. Manage Set Assignments for Set Determinants. Verify Data Role Generation for the Business Unit Business Function

2.

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

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

3.

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

Time zone conversion applies to the transaction date and adjustment date and NOT the accounting
date on transactions. Time zone is derived from the legal entity associated ONLY lo the default, business unit of thetransaction. If there is a legal entity associated with the business unit used on the transaction, then the system dateis used. Time zone rules apply to invoices, credit memos, on account credit memos, debit memos,chargebacks, and adjustments.

4.

The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?

Unapplied Receipts Pending Approval Pending Clearance Pending Confirmation On Account Receipts

5.

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

Payment Instruments Job Responsibilities Account Relationships Account Profiles

6.

Select the true statement about Balance Forward Billing.

Balance Forward Bills tan be created for a future date. Transactions included on a Balance Forward Bill can be updated. Balance Forward Bill must be enabled at each bill-to site level. Balance Forward Bill of a previous cycle need NOT be generated as Final to generate the balanceForward Bill of the current cycle.

7.

Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.

The transaction date falls in a closed period. The transaction balance is zero. The transaction type is NOT associated to a credit memo type. The transaction is partially paid.

8.

What are the steps in running the AutoLockbox Concurrent Process?

Enter receipts, validate data, and apply QuickCash. Import bank file, validate data, and post QuickCash. Import bank file, enter receipts, and validate QuickCash. Enter receipts, import bank file, validate data, and post QuickCash.

9.

Your Subledger Accountants are attempting to import their journals to the general ledger at the end of the period. The Journal import processes have completed with a warning and no Journals were generated. Which three steps would you take to troubleshoot this?

Resend the transactions from the subledgers. Delete the related data on the GL interface table. Confirm that data was sent from the subledger. Verify the output of the Journal Import Request Run the Journal Import for all the group IDs.

10.

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

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

Oracle Fusion Financials 11g Accounts Receivable Essentials Set 1

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Oracle Fusion Financials 11g Accounts Receivable Essentials Set 1

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Congratulations

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