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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

2. The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

A) Transaction aging tab
B) Transactions tab
C) Customer Aging tab
D) Transaction Details tab

3. Select three features that the Shared Service model provides to satisfy business needs.

A) Ability to view consolidated requisitions across business units
B) Supports access of asset Information across multiple asset books
C) Secures user access to business units data
D) Ability to submit and view data across different ledgers
E) Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.

4. What are the three drilldown options available in the task pane for Receipt Remittance?

A) Manage receipt remittance batches
B) Apply credit memo
C) Create receipt remittance batch
D) Manage fund transfers
E) Lockbox transmission history

5. What are the three Multiple Receipt Creation Methods available?

A) Manual receipt creation
B) Automatic
C) Lock box
D) Factor remittance
E) Standard remittance

Solutions: