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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. Which two preference definitions determines the default values during the collection process?

A) Preference set
B) Display of open transactions
C) Default contact for unknown dunning recipients
D) Default aging method
E) Default exchange rate

2. What are the three steps required to implement the Lockbox feature?

A) Set up Lockbox and Lockbox Transmission Formats.
B) Set up late charges.
C) Set up Receipt Classes and Receipt Methods.
D) Set up Receipt Sources.
E) Set up credit card refunds.

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

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

4. Select the two key system options related to customers.

A) Automatic Site Numbering
B) Customer Credit Classification
C) Reciprocal Customer
D) Receipt Method
E) Transaction Source
F) Default country

5. A company has implemented a flat interest calculation late charges. Determine the late charge based on:
-Amount Overdue = $1,500 -Interest Rate = 20% -Days Overdue = 10 -Days in period = 30 -Outstanding Charges = $80

A) $300
B) $1,580
C) $100
D) $105.33

Solutions: