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Updated: May 31, 2026

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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The rules applicable to issue refunds are____________. Select two.

A) You can issue a credit card refund to a customer who has made a cash payment.
B) You can refund receipts that are factored.
C) You can refund receipts that were either remitted or cleared.
D) You can NOT refund more than either the original receipt amount or the remaining unapplied amount.


2. Which transaction will be included when selecting transactions of specified customers in the Create Balance Forward Billing Program?

A) Transactions that have a Bill Type of Imported
B) Transactions that have the Print Option set to Do Not Print
C) Transactions that have the selected payment terms
D) Transactions that were included on a previous Balance Forward Bill


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


4. Select three values that default from Customer Profile Classes.

A) Statement Cycle
B) Currency
C) Payment Terms
D) Business Purpose
E) Legal Entity


5. Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

A) Auto Accounting Rule for revenue line type
B) Revenue account of the original transaction to which the receipt is applied
C) Cash account on the receipt
D) Revenue Account Specified in Debit Memo transaction type


Solutions:

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

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