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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Billing Specialist receives information that the invoice was billed with the incorrect freight amount.
What action is required?

A) Perform Credit Memos when the original invoice has billing error (such as incorrect freight amounts, line item pricing, tax amounts, and finance charges) or the entire invoice should be corrected.
B) The freight amount must be correct; the Billing Specialist must review it again.
C) A Dispute Request can be submitted by the Billing Specialist through the Billing Work Area.
D) Perform adjustments when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be corrected.
E) Perform Debit memos when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be created.


2. What information does the Collector see in the Activities List area of the Collections Dashboard?

A) Tasks assigned to the Collector, such as follow up calls
B) Customer search as per the parameters specified
C) Status of processing activities from the Process Monitor
D) Information about customers who have overdue bills


3. Your company has three sites defined in the system site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and site 2 at the account level. How will bills be generated?

A) Sites 1, 2, and 3 activities will be included in a single bill.
B) Sites l and 3 activities will be included in a single bill.
C) Sites 2 and 3 activities will be included in a single bill.
D) Sites 1 and 2 activities will be included in a single bill.


4. Select the true statement about Balance Forward Billing.

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


5. 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) Navigate to the Transactions tab to verify that the open work items are listed.
B) Navigate to the Collections tab to find all delinquencies In the Collection Header.
C) Go to the Collector's Work Queue and see whether the delinquent accounts are listed under the Delinquent Accounts node.
D) Select the Collections window to see the dunning events that have occurred.
E) If strategies are used, go to the Collector's Work Queue and verify that the strategy work items are listed.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: A,C,E

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