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Fusion Financials Rapid Implementation for General Ledger
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Processing started .. validating ..
Process File Id=191010
ESS Request Id=1309875
Zip file: /tmp/RapidImpl/1309875/RapidZipFile2121526904740125676.zip
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Upload Enterprise Structure > Create Chart of Accounts
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Processing Value Sets
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Value Sets processed successfully
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Processing Chart of Accounts Key Flexfields
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Segment Label Code [FA_COST_CTR] - BI Object Name [Dim - Cost Center]
Segment Label Code [GL_10_LOB] - BI Object Name [Dim - GL Segment1]
Segment Label Code [GL_10_PRODUCT] - BI Object Name [Dim - GL Segment3]
Segment Label Code [GL_ACCOUNT] - BI Object Name [Dim - Natural Account Segment]
Segment Label Code [GL_BALANCING] - BI Object Name [Dim - Balancing Segment]
Segment Label Code [GL_BALANCING_3] - BI Object Name [null]
Segment Label Code [GL_GLOBAL] - BI Object Name [null]
Segment Label Code [GL_INF_PRODUCT] - BI Object Name [Dim - GL Segment7]
Segment Label Code [GL_INTERCOMPANY] - BI Object Name [Dim - GL Segment4]

Segment Label Code [GL_LOCAL_USE] - BI Object Name [null]
Segment Label Code [GL_MANAGEMENT] - BI Object Name [null]
Segment Label Code [GL_SECONDARY_TRACKING] - BI Object Name [null]
Segment Label Code [GSE_GL_INTERCOMPANY] - BI Object Name [Dim - GL Segment6]
Segment Label Code [GSE_GL_LINEOFBUSINESS] - BI Object Name [Dim - GL Segment2]
Segment Label Code [GSE_GL_PRODUCT] - BI Object Name [Dim - GL Segment5]
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Assigned Segment Label Code [GL_BALANCING] to Segment [Compnay]
Assigned Segment Label Code [FA_COST_CTR] to Segment [Business Unit]
Assigned Segment Label Code [GL_ACCOUNT] to Segment [Account]
Error: Unable to create Chart of Accounts Key flex field. Chart of accounts upload failed.
Exception: oracle.jbo.AttrSetValException: JBO-

${adfBundle['oracle.apps.fnd.applcore.messages.FndMessagesResourceBundle']['FND:::FND_KF_SEG_B
AD_SEG_ID']}: <MESSAGE><NUMBER>FND-2567</NUMBER><TEXT>The segment identifier future is not
valid.</TEXT><CAUSE></CAUSE><ACTION></ACTION><DETAILS>In application 101, key flexfield GL#,
structure Boi ledger, and segment Future, the segment identifier must begin with an English letter which
may be followed by letters or digits.</DETAILS><INCIDENT></INCIDENT></MESSAGE>
Exception Message: JBO-

${adfBundle['oracle.apps.fnd.applcore.messages.FndMessagesResourceBundle']['FND:::FND_KF_SEG_B
AD_SEG_ID']}: <MESSAGE><NUMBER>FND-2567</NUMBER><TEXT>The segment identifier future is not
valid.</TEXT><CAUSE></CAUSE><ACTION></ACTION><DETAILS>In application 101, key flexfield GL#,
structure Boi ledger, and segment Future, the segment identifier must begin with an English letter which
may be followed by letters or digits.</DETAILS><INCIDENT></INCIDENT></MESSAGE>
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Status: Process completed in error.
Action: Please resolve reported error manually and proceed to re-submit.
Zip file: /tmp/RapidImpl/1309875.zip
Note: If the above reported errors could not be resolved manually, please contact support providing the
zip file and ESS request logs.
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Oracle
Exam 1z0-335
Oracle Financials Cloud: Receivables 2016 Implementation Essentials
Version: 5.0
[ Total Questions: 123 ]
Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true
about transaction exclusion?
A. Transaction exclusion can be done during creation of the transaction. B. Transaction exclusion for a
statement can be done at each transaction level. C. Transaction exclusion can NOT be done during the
creation of a transaction. D. Transaction exclusion for a statement can be done at the individual
transaction as well as the transaction group level.
Answer: B Explanation: Note: * The Override terms option makes available to transactions non-balance
forward payment terms and the one balance forward billing payment terms you defined in the previous
step. This lets you exclude individual transactions from balance forward billing by assigning the
transaction non-balance forward payment terms. * If the Override Terms option on the customer profile
is set to Yes, then you can remove transactions from the bill by assigning these transactions non-balance
forward billing payment terms. These transactions are excluded from the next run of the balance
forward bill. Instead an individual document is printed for each of these transactions.
An Invoice was billed incorrectly and the Billing Specialist has created an adjustment for the Invoice. The
Billing Specialist submitted it for approval but it was rejected by the Billing Manager.
What is true in this scenario?
A. The adjustment is closed and the process is ended without any invoice or accounting impact. B. The
adjustment is routed back to the Billing Specialist for further action and is in the More Research status.
C. The adjustment is closed and the invoice balance is reduced by the adjustment amount. D. The
adjustment is routed back to the Billing Specialist with the Rejected status.
Question No : 1
Question No : 2
Oracle 1z0-335 : Practice Test
Answer: D
The Billing Manager has to Bill Adjustment Duty role associated with him. Which task he cannot
perform?
A. Update Receivables Invoice B. Update Receivables Credit memo C. Review Customer Account
Activities D. Dispute Receivables Transaction
Answer: C Explanation: Bill Adjustment Duty Processes all customer billing adjustments, including
adjustments to customer accounts, conversion rate adjustments, and automatic adjustments. Privileges
include: Create Receivables Credit Memo Create Receivables Transaction Dispute Receivables
Transaction Manage Billing Activities Manage Receivables Adjustment Manage Receivables Credit Memo
(not B) Manage Receivables Invoice (not A) Manage Receivables Transactions (not D) Run Adjustments
Register Run Disputed Invoices Report Submit Print Adjustments Process
Reference: Oracle Fusion Applications Financials Security Reference Manual
There are concurrent programs that run related to data in the Overview Region of the review Customer
Accounts Details user interface. Which program is run to synchronize the updated receivables data?
Question No : 3
Question No : 4
A. Refresh Receivables transactional Events for Summary Tables Program. B. Process Receivables
transactional Events for Summary Tables Program. C. Refresh Receivables Past Due Transactions for
summary Tables Program D. Process Receivables Past Due Transactions for summary Tables Program
Answer: A
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 l and 3 activities will be included in a single bill. B. Sites 1 and 2 activities will be included in a
single bill. C. Sites 2 and 3 activities will be included in a single bill. D. Sites 1, 2, and 3 activities will be
included in a single bill.
Answer: B Explanation: Bill Consolidation at Account or Site Level
You can generate bills consolidated at either the customer account or site level:
* Account-level balance forward billing lets you generate one bill for each business unit of the customer
account, addressed to the primary bill-to site of the account. * Site-level balance forward billing lets you
generate a balance forward bill for each bill-to site of a customer with multiple bill-to sites. * You can
exclude a site from a balance forward bill by disabling balance forward billing on the customer profile of
the site.
Reference: Fusion Applications Help, Balance Forward Billing: Explained
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.
Question No : 5
Question No : 6
A. Customer Aging tab B. Transaction Details tab C. Transactions tab D. Transaction aging tab
Answer: C Explanation: Note: Transactions do not become delinquent until the delinquency
identification process is run and the dashboard summary table is refreshed.
Select a scenario that is NOT eligible for receipt reversal.
A. Reversing a miscellaneous receipt B. Reversing a receipt applied to a transaction with a chargeback

that has been posted to UK-General Ledger C. Reversing credit card refund receipts D. Reversing receipts
that were applied to open receipts and both receipts have positive balance post reversal
Answer: B
ABC, Inc. has business units A and B. ABC, Inc. acquires XYZ Corporation and adds business unit C. The
Receivable Manager can see only transactions for business units A and B, but NOT C.
Why is business unit C NOT visible to the Receivables Manager?

A. Business units A and B represent different legal entities as compared to business unit C. B. The
Receivable Manager is NOT assigned with a data role relevant to business unit C. C. Business units A and
B belong lo different ledgers than business unit C. D. Business units A and C belong to different
subledgers than business unit C.
Answer: B
Question No : 7
Question No : 8
When running the delinquency process for a customer, the business unit for which you want to run the
process is NOT appearing in the drop down menu. Identify the action you need to take.
A. Click on the Settings button to apply the appropriate settings so that the business unit appears in the
chop down menu. B. Click the check box to enter the default business unit if it is NOT appearing in the
drop down menu. C. Only the business units the user has access to will appear in the list of values.
Modify the security options to provide access to the user. D. The business unit is NOT a required option
In the Parameters tab to run the delinquency process.
Answer: C
What is the action you perform on a transaction once you drill down to the edit transaction window
from the Billing Work Area page?
A. Incomplete Transaction B. Complete and Review C. Reverse the Transaction D. Create a New
Transaction
Answer: B Reference: Fusion Applications help, Process Billing Adjustments FAQs
An invoice was created with unit price error on one invoice item. What is the next step you perform
form the Billing Work Area to correct this error?
Question No : 9
Question No : 10
Question No : 11
A. Click the Create Transaction link on the task pane and create a new transaction with the right unit
price. B. Click the Credit Transaction link on the task pane and create a credit memo for the transaction.
C. Click the Manage Transaction link on the task pane and create a credit memo for the transaction. D.
Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.
Answer: B Explanation: Note: How can I credit only part of the balance due on a transaction?
Use the Transaction Amounts region of the Credit Transaction page to enter a partial credit amount or
percentage on line, tax or freight. The amount or percentage entered is prorated across all respective
lines of the credit memo.
Select the two key system options related to customers.
A. Default country B. Receipt Method C. Automatic Site Numbering D. Customer Credit Classification E.
Transaction Source F. Reciprocal Customer
Answer: B,F
The Customer Search feature in the Collections Dashboard allows collectors to find a customer by
____________.
A. Customer name B. Acccount
Question No : 12
Question No : 13
C. Bill-to D. Customer name, account, or bill-to
Answer: D
Identify the different dunning letter versions provided to the customer.
A. Final Demand, Soft, Medium B. Regular, Medium, Hard C. Regular, Final Demand, Medium D. Soft,
Regular, Hard
Answer: D
You have created payment terms and associated them with the reference data set. Business unit X has a
set assignment of Enterprise set for payment terms.
Payment Term = Net 30, Reference Data Set = Enterprise Set
Payment Term = Net 45, Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30, Reference Data Set = USA Set
Payment Term = Net 45, Reference Data Set = USA Set
If an Invoice is raised under business unit X. Which payment terms are applicable to the transaction?
A. Net 30 (Enterprise Set). Net 45 (USA Set) B. Net 30 (Enterprise Set), Net 45 (Enterprise Set) C. 1%/10
Net 30 (USA Set), Net 45 (USA Set) D. Net 45 (Enterprise Set), Net 45 (USA Set)
Answer: B
Question No : 14
Question No : 15
Dunning can be configured using ___________.
A. only one business unit B. only multiple business units C. both by single business unit or multiple
business units D. can NOT be configured by business units
Answer: C Explanation: Dunning can be configured by one business unit or multiple business units.
Reference: Oracle Fusion Applications Financials Implementation Guide, Dunning Configuration Set
Your company operates in an environment of a highly inflationary economy and fluctuating exchange
rates.
Which data conversion level should you use?
A. Balance Level B. Only Journal Level C. Only Subledger Level D. Adjustment Only E. Subledger Level or
Journal Level
Answer: C Explanation: Note: * There are four conversion levels:
/Balance: Only Oracle Fusion General Ledger balances are transferred to the secondary ledger.
/ Journal: General Ledger journal posting process transfers the journal entries to the secondary ledger.
Question No : 16
Question No : 17
/ Subledger: Oracle Fusion Subledger Accounting creates subledger journals to subledger level
secondary ledgers as well as reporting currencies.
/ Adjustments Only: Incomplete accounting representation that only holds adjustments. The
adjustments can be manual or detailed adjustments from Subledger Accounting. This type of ledger
must share the same chart of accounts, accounting calendar, and period type combination, and currency
as the associated primary ledger.
* A full accounting representation of your primary ledger is maintained in any subledger level reporting
currency. Secondary ledgers cannot use subledger level reporting currencies.
Of the three data conversion levels available, the balance data conversion level is typically the least
expensive, requiring duplication of only the balance level information. The journal and subledger data
conversion levels are more expensive, requiring duplication of most general ledger and subledger
journal entries, as well as general ledger balances.
Reference: Oracle Fusion Applications Financials Implementation Guide, Define Ledgers
When a customer opts to make a payment by a credit card, this receipt is identified as a (n)
_____________.
A. manual receipt B. automatic receipt C. QuickCash receipt D. Autolockbox receipt E. miscellaneous

receipt
Answer: B
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?
Question No : 18
Question No : 19
10
A. Unapplied Receipts B. Pending Approval C. Pending Clearance D. Pending Confirmation E. On Account

Receipts
Answer: B,C Reference: Fusion Applications Help, Oracle Fusion Receivables: Overview
What are the steps in running the AutoLockbox Concurrent Process?
A. Enter receipts, validate data, and apply QuickCash. B. Import bank file, validate data, and post
QuickCash. C. Import bank file, enter receipts, and validate QuickCash. D. Enter receipts, import bank
file, validate data, and post QuickCash.
Answer: B Explanation: To run AutoLockbox:
1.Navigate to the Submit Lockbox Processing window. 2.If you are importing a new bank file, check the
New Transmission check box, then enter a new Transmission Name. If you are resubmitting an existing
lockbox transmission, you can select a name from the list of values. 3.To import a new bank file into
Receivables, check the Submit Import check box, then enter your bank file's Data File, Control File, and
Transmission Format information. If you are re-importing data, the default is the transmission format
you specified in the initial import step. You can either accept this value or override it. When you run the
import step, Receivables automatically generates the import section of the Lockbox Execution Report.
4.To validate or revalidate imported data and create QuickCash receipt batches 5. To apply receipts in
this transmission and update your customer's receivable balance, check the Submit Post QuickCash
check box. Note: You can also submit Post QuickCash from the Receipt Batches window Etc.
Reference: Running AutoLockbox

Question No : 20
11
The interactive Receivables to General ledger Reconciliation Report allows reconciliation.
A. only by ledger B. only by specific organization C. only by account balancing segment D. by ledger,
specific organization, OR account balancing segment
Answer: A Explanation: If you implicitly map primary balancing segment values to your business unit,
you can reconcile based on business unit. This allows employees from different business units to balance
their respective organization activity. If you do not implicitly map primary balancing segment values to
business unit, you must reconcile based on ledger. In this case, you will need access to all business units
associated with the ledger to perform a thorough reconciliation.
Reference: Oracle Fusion Applications Order Fulfillment, Receivables, Payments, Cash, and Collections
Guide, Setting Up for Receivables to General Ledger Reconciliation: Points to Consider
The client has implemented revenue policy with time-based contingencies. An invoice for a creditworthy
customer is imported and one of the invoice lines is associated with both a nonstandard refund policy
(60 days) and acceptance clause (100 days). Explain when revenue will be recognized.
A. Recognized Immediately B. Recognized after 60 days C. Recognized after 100 days D. Recognized only
after manual intervention
Answer: C
Question No : 21
Question No : 22
12
Explanation: Example: You enter or import an invoice for a creditworthy customer, and one of the
invoice lines is associated with both a nonstandard refund policy (50 days) and an acceptance clause
(120 days).
Receivables does not recognize revenue on this invoice line until the acceptance clause expires after 120
days. If, for example, you obtain written acceptance from the customer after 80 days, you can record
early acceptance to allow revenue recognition.
Guide , Two time-based contingencies on the same invoice line
What three Work Areas are used to review and manage actionable items before the closing period?
A. The Billing Work Area for invoicing and adjustment approval related activities B. The Receivables
Balances Work Area for customer payment and credit application processing C. The Revenue
Adjustments Work Area for contingencies affecting revenue recognition D. The Receivables Balances
Work Area for invoicing and adjustment approval related activities. E. The Revenue Adjustments Work
Area for customer payment and credit application processing.
Answer: A,B,C Explanation: A: Use the Billing workarea to perform tasks related to customer billing
activities. Monitor and review incomplete transactions, and approve and research pending adjustments.
Use AutoInvoice to import transactions from other systems and generate invoices and credit memos
automatically according to your requirements. You can easily review and correct AutoInvoice import
errors and resubmit AutoInvoice. Create new invoices, debit memos, credit memos, and on-account
credit memos. Perform related activities to manage your transactions: update, duplicate, credit, adjust,
dispute, and preview a transaction. You can also create a new customer record and manage existing
customers from the Billing workarea. B: Use the Receivables Balances workarea to perform tasks related
to customer payment activities and the management of accounts receivable balances. Review
actionable items,
Question No : 23
13
including open receipts and receipt batches, unapplied and on-account receipts and credit memos,
receipt remittance batches, and funds transfer errors. C: Revenue Management Workarea
Use the Revenue Management workarea to perform tasks related to revenue recognition and revenue
adjustments
Reference: Oracle Fusion Receivables: Overview

Which option must be set up in order to adjust an invoice and enter an amount greater than the balance
due?
A. Set the Allow Overapplication on receivables activity to Yes. B. Set the Allow Overapplication on
transaction type to Yes. C. You can NOT enter on amount, greater than the balance due. D. Set the Allow
Overapplication on the profile options to Yes.
Answer: B Explanation: The Overapplication rule is always the last rule in an application rule set. This
rule applies any remaining receipt amount after the balance due for all charges has been reduced to
zero. If the transaction type for the debit item allows overapplication, Receivables applies the remaining
amount to the lines, making the balance due negative. If the transaction type for the debit item does not
allow overapplication, you can either place the remaining amount on-account or leave it unapplied.
Reference:
Oracle® Fusion Applications Financials Implementation Guide, Overapplication Rule
The Collections Manager is identifying delinquent transactions, while submitting the Determine
Question No : 24
Question No : 25
14
✑
✑
Delinquency lining Scoring program, in which business unit will the collections Manager be able to view
the parameters list?
A. Only those business units for which there are delinquent customers B. Only those business units for
which the user has access C. Only the business unit to which the user belongs D. All business units in the
organization
Answer: B
For refund requests, Autoinvoice automatically places the on-account amount of a refund request if
____________ and ____________.
A. the receipt to be refunded has NOT yet been remitted B. receipts with different payment types were
used to pay the same transaction to be credited C. installments that existed on the transaction were
fully paid D. the receipt does NOT have on account credit memo against it
Answer: C,D Explanation: D: You can only use automated receipt handling for credits with approved
credit memos.
Note: During AutoInvoice import, the process flow for automated receipt handling for credits is as
follows: AutoInvoice verifies that the transaction source assigned to the credit memo has automated
receipt handling enabled. AutoInvoice evaluates each credit memo and its associated transaction to
determine eligibility for automatic receipt handling. To be eligible: If eligible, then AutoInvoice unapplies
the paid transaction from the receipt to be credited. AutoInvoice creates the credit memo in the amount
of the requested credit, and applies the credit to the transaction. If your policy is to automatically refund
your customers, then AutoInvoice evaluates the receipt for refund eligibility. To be eligible, the receipt
must not be in doubt. If eligible for refund, AutoInvoice creates the refund for all credit request amounts
that are greater than or equal to the value entered in the Minimum Refund Amount system option.
Question No : 26
15
✑ AutoInvoice places on account any credit amount that is less than the specified minimum.
AutoInvoice applies the appropriate receivable activity to the receipt, as determined by the transaction
source.
Reference: Automated Receipt Handling for Credits: How It Works
In the customer hierarchy of ABC Corporation, ABC Worldwide is the parent company of ABC USA and
ABC Japan. ABC West is a subsidiary of ABC USA. Select three valid statements if the ABC corporation
hierarchy is assigned to a Pay Below Paying relationship.
A. ABC Worldwide can pay for ABC USA, ABC Japan, ABC West, and its own transactions. B. ABC Japan
can pay tor ABC West, ABC USA, and its own transactions. C. ABC USA can pay for ABC West and its own
transactions. D. ABC Japan can pay its own transactions. E. ABC USA can pay for ABC Worldwide, ABC
West, and its own transactions.
Answer: A,C,D Explanation: Similar example: Pay Below Paying Relationship
If this Acme Corporation hierarchy is assigned a Pay Below paying relationship, then:
* (A) Acme Worldwide can pay for Acme USA, Acme Japan, Acme West, and its own transactions.
* (C) Acme USA can pay for Acme West and its own transactions.
* (D) Acme Japan can pay for its own transactions.
Note: This diagram illustrates the customer hierarchy in Acme Corporation:
Question No : 27
16
This diagram illustrates a sample customer hierarchy, with Acme Worldwide at the top of the hierarchy,
then Acme USA and Acme Japan as two equal branches under Acme Worldwide, and finally Acme West
under Acme USA.
Reference: Oracle Fusion Applications Financials Implementation Guide, Pay Below Paying Relationship

17
When a customer receipt does not provide sufficient information to identify the customer or invoice,
which is the correct method of entering the receipt?
A. Enter the receipt as an UNAPPLIED receipt. B. Enter the receipt as an UNIDENTTFIFD receipt. C. Enter
the receipt as an on-account receipt. D. Enter the receipt as a miscellaneous receipt.
Answer: B Explanation: If you do not specify a customer for a receipt, the receipt is unidentified.
What information does the Collector see in the Activities List area of the Collections Dashboard?
A. Information about customers who have overdue bills B. Tasks assigned to the Collector, such as follow
up calls C. Customer search as per the parameters specified D. Status of processing activities from the
Process Monitor
Answer: B
What three Items must be set up in the Application Set Up Manager to facilitate refunds?
A. Credit card refunds B. Non credit card refunds C. Automatic Receipt Handling D. Credit Card
Chargeback E. Late charges
Question No : 28
Question No : 29
Question No : 30
18
Answer: A,B,C
The drilldown option available in the task pane for receipts does NOT include ____________.
A. Create Remittance via Spreadsheet B. Correct Funds Transfer Errors C. Lockbox Transmission History
D. Create Receipt via Spreadsheet
Answer: B
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 Specified in Debit Memo transaction
type C. Cash account on the receipt D. Revenue account of the original transaction to which the receipt
is applied
Answer: C Reference: Debit Memo Reversals: Points to Consider, Accounting for Debit Memo Reversals
The communication information region in the customer account record is used to maintain what
customer information?
A. Payment Instruments B. Job Responsibilities
Question No : 31
Question No : 32
Question No : 33
19
C. Account Relationships D. Account Profiles
Answer: B Explanation: Use the Communication region to maintain customer contact persons for a
customer account. Information that you can maintain for each contact includes:
Name and job title.

Contact points, such as phone and fax numbers, e-mail and instant message addresses, and URLs.
Job responsibilities.
Addresses. You can either enter new addresses specific to the contact, or you can enter addresses of
account sites belonging to the customer account.
Note: Use the customer account record to maintain detailed information about each of your customer
accounts.
There are these points to consider when entering and updating customer account information:
Payment Details
Communication Information
Account Relationships
Account Profiles
Reference: Oracle Fusion Applications Financials Implementation Guide , Communication Information

Question No : 34
20
You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which
two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?
A. Pending My Approval B. Pending Approval C. Pending Approval from Others D. Approved E. Pending
Research
Answer: A,E
An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice
Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued
against this Invoice. Explain how revenue accounting will occur.
A. Unearned revenue will be debited for $50. B. Earned revenue will be credited for $50. C. Unearned
revenue will be credited for $100. D. Earned revenue will be debited for $50.
Answer: A Explanation: If you issue a credit memo against an invoice that had revenue automatically
deferred upon import, then the impact of the credit memo differs depending on the original reason for
the revenue deferral.
Payment-based contingencies: If revenue on this invoice was deferred due to unmet payment-based
contingencies, then Receivables always debits the unearned revenue account for the full amount of the
credit memo, according to the initially assigned revenue scheduling rules.
Reference: Modifying Invoices with Deferred Revenue: Explained
Question No : 35
Question No : 36
21
Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.
A. The transaction date falls in a closed period. B. The transaction balance is zero. C. The transaction
type is NOT associated to a credit memo type. D. The transaction is partially paid.
Answer: C Explanation: Note: * If your customer disagrees about the outstanding balance for an item,
you can mark that item or a specific amount due as 'in dispute.' * . If the dispute is approved, the
appropriate credit memo is created automatically.
The rules applicable to issue refunds are____________. Select two.

A. You can NOT refund more than either the original receipt amount or the remaining unapplied
amount. B. You can refund receipts that were either remitted or cleared. C. You can issue a credit card
refund to a customer who has made a cash payment. D. You can refund receipts that are factored.
Answer: A,B Explanation: These rules apply to issuing refunds:
You cannot refund more than either the original receipt amount or the remaining unapplied amount.
You can only refund original receipts that were either remitted or cleared. You cannot issue a credit card
refund unless the customer payment was made by credit card.
Reference: Issuing Manual Refunds: Explained
Question No : 37
22
After reviewing an incomplete invoice, the Billing Manager clicked the Complete Button In the
Transactions Window. What changes will this action create? Select three.
A. The invoice can now be printed. B. The invoice gets send for a dunning follow-up. C. The invoice is
eligible for transfer to the General Ledger. D. Payment schedules get created using the payment terms
specified. E. The invoice is included in the standard aging and collection process if the transaction type
has the Open Receivables option set to No.
Answer: A,C,D
The default dunning contact name can be specified in the __________.
A. Global Preferences in the Manage Collection Preferences B. Preferences in the Manage Collection
Preferences C. Create Dunning Configuration in the Manage Dunning Configuration D. Dunning
Configuration Details in the Manage Dunning Configuration
Answer: B Explanation: What's the difference between Global Preferences and Preferences?
Global preferences affect the Collections Customer Work Area, such as display of closed or open
transactions and setting date range parameters.
Preferences can be set uniquely for a specific business unit. Preferences impact the default settings,
such as preference set and default method to send notifications.
Note: * Configuration of Collections Manager include: Set up Collections Manager to send dunning
letters.
* Selections made in the Preference region impact the defaults the collector encounters when going
through the collection process. Preferences define the following
Question No : 38
Question No : 39
23
Preference set
Collections business level
Summarize or age credits
Default exchange rate
Send method of dunning
Default contact for unknown dunning recipients
Reference: Oracle Fusion Applications Financials Implementation Guide, FAQs for Manage Collections
Preferences
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. Go to the Collector's Work Queue and see whether the delinquent accounts are listed under the
Delinquent Accounts node. B. Navigate to the Collections tab to find all delinquencies In the Collection
Header. C. Navigate to the Transactions tab to verify that the open work items are listed. D. If strategies
are used, go to the Collector's Work Queue and verify that the strategy work items are listed. E. Select
the Collections window to see the dunning events that have occurred.
Answer: A,C,D
A company operates in a country with strict legislative requirements that requires the legal entity to
maintain its accounting data separate from other legal entities within the company. How will you assign
legal entitles during the accounting configuration?
A. One legal entity for ALL ledgers
Question No : 40
Question No : 41
24
B. One legal entity per primary ledger C. One legal entity per ledger D. Multiple legal entities sharing the
same ledger
Answer: B Reference: Oracle Fusion Applications Financials Implementation Guide, Ledgers and
Subledgers: Explained
Identify two credit memo options.
A. Tax only B. Advance C. Paid freight D. Invoice lines E. Paid amount only
Answer: A,C Explanation: Note: Tax-Only and Freight-Only Credit Memos (i.e., when the amount of the
Credit assigned to the Lines is 0.00 or if Tax or Freight were the only items on the original invoice) should
be processed as On Account Credit Memos and later applied to Invoices.
What option is available for the Collection manager for viewing customer data in the Delinquent
Customer Region on the collections Work Area pages?
A. PDF view B. Query by Example C. Export to Excel D. Export to HTML
Answer: B Explanation: The Collections Customer Work Area allows the collector to view and
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process the assigned work. The collector can search on a customer or set up a saved search. A saved
search contains specific search criteria and settings that are captured for running exactly the same
search again later. You save the visible search fields and entered criteria, selected conditions, and search
mode, either basic or advanced. You can choose to save search result display settings as well, for
example which columns to display or hide, the sort order, and column order. A saved search does not
include the current set of search results, search result table filters, search result sort order, or values
entered in Query By Example fields.
Note: The Collections Dashboard automatically assigns collections work with summary information to
help you prioritize and update related activities for each delinquent customer you need to manage. As
work progresses, you can update the status so you are always working with the most up-to-date
information, ensuring nothing slips through the cracks.
Reference; Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide , Collections
Customer Work Area: Overview
A grouping rule you created in the system specifies that the Items should match all mandatory and
optional attributes. What logic is used to create the invoices from the transaction file through
Autoinvoicing?
Item A: USD (Currency), ACME (Bill-to). 5001 (Order Number), Domestic (Order Type), 1 (Transaction
Number)
Item B: USD (Currency), ACME (Bill to), 5002(Order Number), Domestic (Order Type), 1 (Transaction
Number)
Item C: USD (Currency), ACME (Bill to), 112 (Order Number), No Ship (Order Type), 2 Transaction
Number)
Item D: USD (Currency), BONN (Bill to), 501 (Order Number), International (Order Type), 3 (Transaction
Number)
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A. Items A and B from Invoice 1, Items C and D from Invoice 2 B. Item A from Invoice 1, Item B from
Invoice 2, Items C and D from Invoice 3 C. Items A and B from Invoice 1, Item C from Invoice 2, Hem D
from Invoice 3 D. Item A from Invoice 1, Item B from Invoice 2, Item C from Invoice 3, Item D from
Invoice 4
Answer: C
Which feature allows Collectors to comment on interactions with customers?
A. Client Application Components B. Customer Application Comments C. Common Application

Components D. Consumer Application Comments E. Complex Application Components
Answer: C Explanation: Oracle Fusion Common Application Components (CAC) feature allows collectors
to comment on interactions with customers.
Reference: Oracle Fusion Applications Financials Implementation Guide, Setting Up Collection

Preferences: Points to Consider
AutoCash rules apply to__________.
A. manual receipts B. automatic receipts C. QuickCash D. credit card

Answer: B Explanation: Receivables provides five AutoCash rules that we can use to create our own
AutoCash rule sets. When we run Post
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27
QuickCash to apply customer's receipts, Receivables tries to use each AutoCash rule within an AutoCash
rule set. If the first rule in the set does not find a match, Receivables uses the next rule in the sequence,
and so on until it can apply the receipt.
Reference: Oracle Fusion Applications Financials Implementation Guide, Define AutoCash Rule Sets
The Receivables Dashboard provides Information on Incomplete transactions. What are the parameters
the dashboard uses to provide this information?
A. Period, Business Unit, Transaction Type, Amount B. Period, Business Unit, Transaction Source,
Amount C. Period, Business Unit, Status, Batch Type D. Period, Business Unit, Type, Amount
Answer: C
Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?

A. Limiting the display using the ad hoc parameter B. Drilldown to see reconciling details C. Drilldown to
see what needs to transfer and post to the general ledger D. Graphical and visualization components for
viewing the reconciliation details E. The reasons for the reconciling differences
Answer: C Reference: Fusion Applications help, Reconciling Accounts: How It Works with the Subledgers
Question No : 47
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28
✑✑✑✑
The client has implemented automatic revenue recognition using Revenue Polity Definitions. The
payment term threshold of 150 days has been entered in the revenue policy. An invoice of $5,000 is
imported with payment term that has four equal installment terms.
Net 60 Net 90 Not 120 Net 180
Select the amount of revenue that would be deferred in this case.
A. $1, 250 B. $2,500 C. $1.750 D. $5,000 E. $4, 750

Answer: D Explanation: Use the Payment Terms Threshold column to enter the maximum time period in
days before payment terms become extended.
When you enter or import a transaction with payment terms or an installment schedule that exceeds
the payment terms policy, Receivables:
Assigns the Extended Payment Term contingency to the transaction.
Defers revenue on the entire transaction.
Recognizes revenue on the transaction only to the extent of payments received.
For example, you enter a payment terms threshold of 180 days on your revenue policy, and you later
enter or import an invoice with payment terms that have four installments:
Net 60
Net 90
Net 120
Net 200
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Receivables defers the entire revenue amount on the invoice because the last installment exceeds the
180-day threshold by 20 days.
Reference: Oracle Fusion Applications Financials Implementation Guide, Payment Terms Threshold
The Accounts Receivable Specialist associated duty include which three duties?
A. Trading Community Hierarchy Management Duty B. Receipt Creation Duty C. Payment Settlement
Management Duty D. Receivables Accounting Duty E. Import Payables invoices Duty
Answer: B,C,D Explanation: B: Receipt Creation Duty Processes receipt creation activities, including
manual receipts, lockbox receipts, and automatic receipts.
C: Payment Settlement Management Duty Manages funds capture authorizations, settlements, and
settlement batches.
Note: Job Role: Accounts Receivable Specialist Manages and implements all customer payment
activities, including receiving customer payments and electronic remittance advices, performing cash
handling activities, processing customer payments, and applying payments to customer accounts.

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30
Collections Dashboard is an Interactive Work Status tool that helps to prioritize and find items that need
attention.
Which is a valid Work Status as defined in the Collections Dashboard?
A. New B. Under Process C. Open D. Closed
Answer: C
What are the three Multiple Receipt Creation Methods available?
A. Manual receipt creation B. Standard remittance C. Lock box D. Automatic E. Factor remittance
Answer: B,D,E Explanation: Note: In Receivables, you can apply a receipt to an open debit item before
cash is actually received from the bank. Therefore, receipts with a Standard remittance method are
considered receipts at risk if they have been confirmed, but not yet cleared. Receipts with a Factored
remittance method are at risk if they have not yet been risk-eliminated.
The Accounts Receivables Specialist, while reviewing a customer account, saw a customer complaint
about a percentage that was NOT applied to an invoice. The Accounts Receivables Specialist decides to
initiate a dispute process for this transaction. What is the action he has to perform to invoke the
dispute?
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31
A. Navigate to the Collections Workbench page and invoke the dispute. B. Navigate to the Review and
Manage Transaction Page-and invoke the dispute. C. Navigate to the Review Customer Accounts Details
user interface and invoke the dispute. D. Navigate to the Manage Revenue Adjustments Page and invoke
the dispute.
Answer: C
A customer calls into the Accounts Receivables Department asking for the balance of all invoices due in
the next 30 days and has a question about a specific invoice line. As a Billing Specialist what action will
you perform?
A. Review the invoice in the Review Customer Account Details user interface. B. Apply, reverse, or
process the receipt. C. Create an open debit memo. D. Review receipt-, in pending status
Answer: A Explanation: The contextual area of the Review Customer Account Details page displays
information about the most recent transaction and the most recent receipt belonging to the selected
customer account. If there were multiple transactions or receipts on the same date, Oracle Fusion
Receivables displays the transaction and receipt with the largest amount.
Which three actions are facilitated through The Reconciliation Summary Report?
A. Drill down from any of the summarized Receivables and Accounting amounts to see the detailed
activity. B. Drill down on the difference amounts to see specific reconciling items and the potential cause
of the out of balance condition. C. Drill down to see details of what still needs to be transferred and
posted to the General Ledger. D. Drill down to see reconciliation details and make reconciling for
corrections.
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32
E. Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering
WITHOUT downloading to Excel.
Answer: A,B,D Explanation: Note: * Payroll Reconciliation Summary Report, Oracle HRMS Payroll
Processing Management Guide Generates payroll reconciliation summary report for a specific payroll or
quick-pay run, or for a specific period. Run this report from the Submit Request window. Run the Payroll
Reconciliation Payment Summary Report - Text to produce a text file. Run the Payroll Reconciliation
Payment Summary XML process to produce a PDF/Excel file.
* The Reconciliation Summary Report compares promises with payments and with broken promises. The
report shows the following fields by schedule or by collector: • Number of promises to pay made •
Promise to pay amount • Number of payments made • Payments amount received in currency •
Number of broken promises • Amount in currency for broken promises • Number of open promises •
Amount in currency for open promises
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments
created?
A. Manually using the Adjustment Reversal B. Manually using Chargeback Reversal activities C.
Automatically using the Adjustment Reversal and Chargeback Reversal activities D. Automatically, but
WITHOUT using the Adjustment Reversal and Chargeback Reversal activities E. Manually, but WITHOUT
using Adjustment Reversal and Chargeback Reversal activities
Answer: C Explanation: When you reverse a receipt, if an adjustment or chargeback exists,
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Receivables automatically generates off-setting adjustments using the Adjustment Reversal and
Chargeback Reversal activities.
Reference: Using Receivables Activity Types

What is the grouping order used to group transaction lines during the Autoinvoice Import process?
A. transaction Source, Customer Site Profile, Customer Account Profile, system options B. System
options. Customer Site Profile, Transaction Source, Customer Account Profile C. Transaction Source,
Customer Account Profile, Customer Site Profile, system options D. Transaction Source, Customer
Account Profile, system options. Customer Site Profile
Answer: A Explanation: AutoInvoice uses the following hierarchy when determining the grouping rule to
use:
Transaction source
Customer site
Customer profile
System options
Reference: Oracle Fusion Applications Financials Implementation Guide, AutoInvoice Setup
Select three values that the dunning letter generation program includes.
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34
A. Invoice B. Unapplied C. Credit memo D. Debit memo E. Prepayments
Answer: A,B,D Explanation: The Dunning Letter Generate program can include invoices, debit memos,
chargebacks, unapplied, and on-account receipts that are overdue.
Reference: Oracle Fusion Applications Financials Implementation Guide, Dunning Transactions
Which are the two interface tables that transaction data will be imported to when using the Autoinvoice
Feature?
A. AR_INTERFACE_CONTS_ALL B. AR_INTERFACE_CONT_ALL C. RA_INTERFACE_SALES_ALL D.

RA_INTERFACE_DISTRIBUTIONS_ALL E. RA_INTERFACE_DIST_ALL
Answer: C,D Explanation:
Note: AutoInvoice Gather Statistics Allowed: If you set this profile option to Yes, then when you submit
AutoInvoice, the program first analyzes the interface tables (RA_INTERFACE_LINES_ALL,
RA_INTERFACE_DISTRIBUTIONS_ALL, and RA_INTERFACE SALESCREDITS_ALL) and gathers statistics to
determine how best to execute the transaction import.
What are the three drilldown options available in the task pane for Receipt Remittance?
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35
A. Create receipt remittance batch B. Manage fund transfers C. Manage receipt remittance batches D.
Apply credit memo E. Lockbox transmission history
Answer: A,B,C Explanation: A, C: Three settings control the override of a receipt remittance bank
account with the remittance batch bank account.
These settings are:
Ignore override option on the remittance batch.
Allow override option on the receipt.
Override bank option on the receipt remittance bank.

Guide, Managing Remittances: Explained
You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions. What
parameters are used to summarize the exceptions for review?
A. Business Unit, Transaction Type, Invoice Date, Currency B. Business Unit, Customer Name,
Transaction Source, Total Amount C. Business Unit, Transaction Source, Creation Date, Currency D.
Business Unit, Transaction Source, Transaction Type, Creation Date
Answer: C Reference: Fusion Applications Help, AutoInvoice Interface Table RA_INTERFACE_LINES_ALL
Note 1: AutoInvoice Exception Handling
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36
Records that fail validation are called ‘Exceptions’
Exceptions stay in Interface Tables which is RA_INTERFACE_ERRORS_ALL

Errors can be corrected in the Exception Handling window
Once corrections are made, Auto invoice must be resubmitted
Records that pass validation get transferred to Receivables tables
Note 2: Auto Invoice is a tool that can be used to import and validate transaction data from other
financial systems from which one can create invoices, debit memos, credit memos, and on-account
credits. It rejects transactions with invalid information to insure the integrity of the data
In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance.
Select the valid accounting entry that would be generated when receipts are cleared.
A. The Cash and Bank charges accounts are debited and the Short term debt account is credited B. The
Cash and Bank charges accounts are debited and the Factoring account is credited C. The Short term
debt account is debited and the Factoring account is credited. D. The Factoring account is debited and
the Short term debt account is credited.
Answer: C Explanation:
Note: The receipt class you assign to each of your receipt methods determines the processing steps that
Receivables requires for receipts that you create using this receipt method. These steps include whether
to require confirmation, remittance, and bank clearance for receipts that you create with a specific
receipt class.
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37
Which task does NOT belong to the task list Define Business Units?
A. Verify Service Clients. B. Manage Service Provider Relationships. C. Manage Set Assignments for Set
Determinants. D. Verify Data Role Generation for the Business Unit Business Function
Answer: D Reference: Oracle Fusion Applications Financials Implementation Guide, Define Business
Units
Identify two late charge interest calculation methods.
A. Average Daily Balance B. Overdue Transactions C. Adjusted Balance D. Previous Balance

Answer: A,B Explanation: Interest Calculation Methods
You select the calculation method in the Late Charge Calculation Method field in the Credit Limits and
Late Charges tab of the Customer Profile Class pages, or on the applicable customer or customer site
profile.
The interest calculation methods are:
Average Daily Balance: Calculate late charges based on the average daily balance of overdue invoices.
This method is for balance forward bills only. Late Payments Only: Calculate late charges based on the
number of days between the payment due date and the actual payment date. This method uses the paid
amount as the overdue invoice amount when calculating the late charge. Overdue Transactions Only:
Calculate late charges for transactions based on the number of days a payment is late when you submit
the Create Late Charges program. Overdue Transactions and Late Payments: Calculate late charges on
both overdue transactions and late payments. This option levies the largest late charge amount on a
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38
✑✑✑✑✑✑
customer.
Reference: Late Charge Interest Calculation Methods: Explained
Where are the alerts and approvals displayed in the Collection Work Area?
A. Delinquent Customer List Region B. Activities List C. Watch list D. Notification Pop-up
Answer: B
Which two display columns that impact the Collections Dashboard are defined in the Global Setup
Preference Region?
A. Display of open transactions B. Display of customer profile C. Default exchange rate D. Default
transaction class E. Display of closed receipts
Answer: A,D Explanation: Selections made in the Global Preference region impact the view the collectors
see from the Collections Customer Work Area and Collections Dashboard. Global Preferences define the
following: Display of open transactions Default transaction class that appears Display of closed
transactions Number of days for prior and future transactions to be displayed Default aging method
Delimiter used to separate data and the number of characters required to do a search
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39
Reference: Oracle Fusion Applications Financials Implementation Guide, Global Preferences

Tables for the Customer Master are owned by ____________.
A. Oracle Fusion Receivables B. Oracle Fusion Distributed Order Orchestration C. Oracle Fusion Trading
Community Architecture D. Oracle Fusion Customer Relationship Management
Answer: B Explanation: Note: During order processing, the order is created in the order capture system
and sent to Distributed Order Orchestration, along with customer data. If the customer already exists in
the Fusion customer master, then Distributed Order Orchestration uses a cross-reference to obtain the
master customer record and the customer ID for the intended order fulfillment system. Then the
decomposed order is sent, along with the customer ID and necessary attributes from the master.
Note: Oracle’s latest release of Customer Hub (formerly Universal Customer Master) is Release 8.2. It
includes Data Governance Manager, DRM for Customer Hub (customer analytical MDM and advanced
hierarchy management), MDM analytics (OBIEE maps and dashboard), and enhanced stewardship, with
a rules engine and household survivorship.
Which two preference definitions determines the default values during the collection process?
A. Default aging method B. Default exchange rate C. Preference set D. Default contact for unknown
dunning recipients
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E. Display of open transactions
Answer: B,D Reference: Oracle Fusion Applications Financials Implementation Guide , Manage
Collections Preferences
Select three valid statements related to the Shared Service Model.
A. Shared Service Personnel can view Invoices across various business units. B. Shared Service Personnel
can do cross-business unit cash application. C. Shared Service Personnel can process invoices for various
business units. D. Shared Service Personnel can see customer account details across business units. E.
Shared Service Personnel can report data across all business units but can enter transactions ONLY
against one business unit.
Answer: A,C,D Explanation:
Note: * In Oracle Fusion applications, the service provider model defines relationships between business
units for a specific business function, identifying one business in the relationship as a service provider of
the business function, and the other business unit as its client.
* Shared Service Center: Points to Consider
Oracle Fusion applications supports shared service centers in two ways. First, with business unit security,
which allows your shared service centers personnel to process transactions for other business units
called clients. This was the foundation of Multi Org Access Control in the Oracle E-Business Suite.
Second, the service provider model expands on this capability to allow a business unit and its personnel
in a shared service center to work on transactions of the client business units. It is possible to view the
clients of a service provider business unit, and to view service providers of a client business unit.
Your shared service centers provide services to your client business units that can be part of other legal
entities. In such cases, your cross charges and recoveries are in the form of
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receivables invoices, and not merely allocations within your general ledger, thereby providing internal
controls and preventing inappropriate processing.
For example, in traditional local operations, an invoice of one business unit cannot be paid by a payment
from another business unit. In contrast, in your shared service center environment, processes allowing
one business unit to perform services for others, such as paying an invoice, are allowed and completed
with the appropriate intercompany accounting. Shared service centers provide your users with access to
the data of different business units and can comply with different local requirements.
Reference: Oracle Fusion Applications Financials Implementation Guide, Shared Service Center: Points to
Consider
A Receivables Manager wants to override the receipt remittance bank account with the remittance
batch bank account. Select three valid setups that will enable an override of the receipt remittance bank
account.
A. Enable the Allow Override option on the receipt. B. Both the receipt and remittance batch bank
account should have different General Ledger at accounts defined. C. Enable the Ignore the Override
option on the remittance batch. D. Enable the Override Bank option on the receipt remittance bank. E.
Disable the Ignore Override option on the remittance batch.
Answer: A,D,E Explanation: At remittance time, Receivables lets you override a receipt's remittance bank
account with the remittance batch bank account. Three options control system behavior:
* The Override option on the receipt
* The Override Bank option on the receipt's remittance bank
* The Ignore Override option on the remittance batch
Reference: Oracle Receivables User Guide, Overriding the Receipt Remittance Bank
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What are the three steps required to implement the Lockbox feature?
A. Set up Receipt Sources. B. Set up Receipt Classes and Receipt Methods. C. Set up Lockbox and
Lockbox Transmission Formats. D. Set up late charges. E. Set up credit card refunds.
Answer: A,C,E Explanation: A: You only use receipt sources with receipt and remittance batches. This
includes automatic receipt batches, lockbox receipts, and receipts created via spreadsheet.
C: Enter the lockbox transmission field types to use to identify the characteristics of each lockbox
transmission record type.
You specify the size, order, and format of each transmission record. The lockbox transmission program
only validates the fields that you define in your transmission format. The transmission format must be
fully compatible with how you organize data in your lockbox file.
E: Use an application exception rule set to manage remaining amounts after lockbox processing.
After lockbox processes and applies receipts, the AutoApply process uses the application exception rule
set to determine how to manage over and under payments:
If there is an overpayment, the application exception rule indicates whether to refund the amount to
the customer, place the amount on account, write off the amount, or leave the amount unapplied. If
there is an underpayment, the application exception rule indicates whether to allow write off of the
remaining open balance amount on the transaction.
Note: Use lockbox to create receipts in Oracle Fusion Receivables from data supplied by your remittance
bank and apply receipts to customer transactions.
The lockbox process has three steps:
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43
Import Data: Lockbox reads and formats the data from your bank file into the interim table using an
SQL*Loader script.
Validate Data: Receivables validates the data in the interim table for compatibility, then transfers the
data to the receipts tables.
Post Receipts: Apply receipts and update customer balances.
Reference: Fusion Applications help, Lockbox Transmission Format Field Types
What two items are required for customer invoicing?
A. Lockbox B. Customers C. Remit-to address D. Customer Profile Classes
Answer: B,C Explanation: B: A customer is a party, either an organization or a person, with whom you
have a selling relationship. This selling relationship can result, for example, from the purchase of
products and services or from the negotiation of terms and conditions that provide the basis for future
purchases.
You create customers to properly record and account for sales transactions, as well as to identify other
attributes of the selling relationship. Recording a sales transaction requires that a customer, stored as a
party in Oracle Fusion Trading Community Model, has both an account and an account site with a bill-to
purpose.
C: The remit-to address lets your customers know where to send payment for their open debit items.
After you create a remit-to address, you can assign it to the bill-to addresses of the customers and
customer sites that you designate by country and, if applicable, by region and postal code range.
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During the import process, AutoInvoice rejects all invoices for which it cannot determine a remit-to
address. In order for AutoInvoice to import an invoice, you must either define a remit-to address for the
geographical location of each applicable bill-to site or define a remit-to address to use as default for one
or more locations.
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 were included on a previous
Balance Forward Bill C. Transactions that have the selected payment terms D. Transactions that have the
Print Option set to Do Not Print
Answer: C Explanation: In the Trans and Customers Tab, check ‘Show Billing Number’.
Once done, create a transaction with the same customer. The important point to note here is to have
the transaction with the same Payment Term. The payment term should be the one attached with the
Billing Cycle. Also, ensure that the transaction has the Print option (More tab) set to ‘Print’. The
transactions marked with ‘Do Not Print’ are not included in the Balance Forward Billing program.
Incorrect: D: The transactions marked with 'Do Not Print' are not included in the Balance Forward Billing
program
You have completed the period-end activities and have set the receivables period to Close Pending. Now
you need to make further adjustments. What is the correct approach?
A. The receivables accounting period can be re-opened when the period status is Close Pending, and last
minute adjustments can be made.
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45
B. Once the receivables accounting period is set to Close Pending, it can NOT be reopened, and NO
further adjustments can be made. C. Adjustments can be made even if the receivables accounting
period is set to Close Pending. D. Adjustments can be made anytime regardless of the receivables
accounting period value.
Answer: A Explanation: status of periods:

Closed: Journal entry, posting, and transaction entry are not allowed unless the accounting period is
reopened. Receivables verifies that there are no unposted items in this period. Receivables does not let
you close a period that contains unposted items. Close Pending: Similar to Closed, but does not validate
for Unposted items. Journal entry, posting, and transaction entry are not allowed unless the accounting
period is reopened. Future: This period is not yet open, but you can enter transactions in this period.
However, you cannot post in this period until you open it. Not Opened: This period has never been
opened and journal entry and posting are not allowed. Open: Journal entry and posting are allowed.
The Receipts Pending Application region in the Receivables Dashboard provides Information about
which two Items?
A. Receipt Status B. Batch type C. Control Amount D. Receipt Date E. Amount
Answer: D,E Explanation: Note: * What is the total open receivables amount?
This is the amount per currency of the amount in the Total Transaction Due Amount column less the
amount in the Receipts Pending Application Amount column. This amount
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46
provides the current receivables position of a customer account.
Select three values that default from Customer Profile Classes.

A. Currency B. Legal Entity C. Payment Terms D. Statement Cycle E. Business Purpose
Answer: A,C,D Explanation: * The customer profile class shares these default settings with other parts of
Oracle Fusion Receivables: Match Receipts By; AutoMatch rule set; AutoCash rule set; AutoInvoice
Grouping rule; payment terms (C); and tax printing options. * Use Customer Profiles to group customers
with similar credit worthiness, business volume, and payment cycles. For each profile class you can
define information such as credit limits, payment terms, statement cycles, invoicing, and discount
information. You can also define amount limits for your finance charges, dunning, and statements for
each currency in which you do business. Define your standard customer profiles in the Customer Profile
Classes window. These profiles contain generic options you can use to group your customers into broad
categories. For example, you might define three categories: one for prompt paying customers with
favorable credit limits; one for late paying customers with high finance charge rates; and a third for
customers who mostly pay on time, with discount incentives for early payment. You can also use the
profile class 'DEFAULT,' which the system provides. Assign a profile class to each of your customers and
addresses in the Customers window. The customer profile class you assign provides the default values,
then you can optionally customize these values to meet your specific requirements for each customer or
address. If a profile is assigned to both a customer and one of that customer's addresses, the options set
for the address take precedence over those set at the customer level.
Question No : 76
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Which three ways will changing the customer information impart the collection process?
A. Making changes In the Profile tab Impacts the collection process. B. Business unit level changes will
NOT Impact the display of delinquent customers on the dashboard. C. Adding or modifying the customer
contact name in the Contacts tab impacts where the correspondence is sent. D. Changing the Collector
impacts the individual working with the delinquent customer. E. Changing Information in the Profile Tab
does NOT have an impact on the level in which the collections are done.
Answer: A,C,D
Where is the summary delinquency data displayed on the Collections Dashboard?
A. Customer Aging tab B. Profiles tab C. Correspondence tab D. Transactions tab
Answer: A
You have created an Autocash Ruleset where the first rule to be applied to receipts is Match Payments
with Invoice.
Discount = Earned Only Late charges = NO Receipt = $900 Receipt date = 14-Feb-2010 Discount Grace
Days = 5
Which Transaction will be applied to the receipt?

A. Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010. Due Date 28-Feb-
2010
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48
B. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010, Due Date: 20-Feb-
2010 C. Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2010, Due Date:
28-Feb 2010 D. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Fob-2010, Due
Date 24-Feb-2010
Answer: C Explanation: Example: You have the following situation:
Discounts = Earned Only
Finance Charges = No
Receipt = $1800
Receipt Date = 14-JAN-93
Discount Grace Days = 5
Reference: Apply Partial Receipts

Select two values that are set up in Correspondence Configuration.
A. Dunning letter options B. Dunning configuration set C. Exclude from dunning
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49
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D. Rerun the dunning process
Answer: A,B Explanation: Configure dunning plans and letters to facilitate regular correspondence with
your customers. All of the following options except rerun the dunning process are created in the
Correspondence Configuration in Functional Setup Manager. The following are Dunning features:
Dunning letter options Delivery options for dunning letters Dunning configuration set Dunning
transactions Rerun the dunning process
Reference: Oracle Fusion Applications Financials Implementation Guide, Customer Dunning

Configuration: Points to Consider
Which two options are features of the Create Automatic Receipts Write-Off program?
A. Schedule periodic write offs as receipt adjustments for small remaining balances. B. Create write-offs
for overpayment amount. C. It is NOT mandatory to set up a write-off account in your receivables
activity. D. Create write-offs for overpayment and underpayment amounts.
Answer: A,B Explanation: You can use the Create Automatic Receipt Write-offs program to:
Schedule periodic write-offs as receipt adjustments for small remaining balances.
Limit write-offs by a percentage of the original receipt amount and by the policy of your enterprise.
Create write-offs for specific currencies and customers.
B: Use the Create Automatic Receipt Write-offs program to automatically write off receipts. You can
only use this program to write off overpayment amounts.
Guide, Automatic Write-offs
Question No : 81
50
A debit memo reversal must be used to reverse the receipt if the receipt ____________.
A. is non-invoice related B. has an open claim associated with it C. has been reconciled in Cash
Management D. has a remitted credit card refund application
Answer: D Explanation: You must create a debit memo reversal under each of these circumstances:
* You are reversing a receipt from which you have created a chargeback, and this chargeback has had
activity against it, such as another receipt, a credit memo, or an adjustment. * You are reversing a
receipt with a remitted credit card refund application. * You are reversing a receipt (Receipt A) that was
applied to another receipt (Receipt B), if the reversal would draw the balance of Receipt B negative.
Reference: Fusion Applications help, Debit Memo Reversals: Points to Consider
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.
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. C. The freight
amount must be correct; the Billing Specialist must review it again. D. A Dispute Request can be
submitted by the Billing Specialist through the Billing Work
Question No : 82
Question No : 83
51
Area. 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.
Answer: A
You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the
Manage Transactions user interface to enter the correct transaction. Which two actions does the
Manage Transactions user interface allow you to perform for the Rebill task?
A. Duplicate the original transaction. B. Create a credit memo. C. Incomplete the transaction. D. Reverse
the Transaction. E. Correct the unit price.
Answer: A,B Explanation: When do I credit and rebill a transaction?
Sometimes the simplest way to manage a credit transaction is to credit and rebill. You credit the entire
balance of an invoice (B), duplicate the original invoice (A) and update the duplicate with the correct
information, then resubmit to the customer.
Common scenarios for credit and rebill include:
A customer indicates that an invoice does not reflect the correct price of a product or service. The
customer requests a new invoice with the correct information.
A customer wants to correct their accounting directly in the subledger, instead of making a manual
journal entry in general ledger. With credit and rebill, the credit memo reverses the accounting of the
original invoice, and the updated duplicate invoice creates new accounting for posting to general ledger.
The customer wants to change the bill-to information on a posted transaction.
Guide, When do I credit and rebill a transaction?
Question No : 84
52
Select the true statement about Balance Forward Billing.
A. Balance Forward Bills tan be created for a future date. B. Transactions included on a Balance Forward
Bill can be updated. C. Balance Forward Bill must be enabled at each bill-to site level. D. Balance
Forward Bill of a previous cycle need NOT be generated as Final to generate the balance Forward Bill of
the current cycle.
Answer: C Explanation: Bill Consolidation at Account or Site Level
You can generate bills consolidated at either the customer account or site level:
Account-level balance forward billing lets you generate one bill for each business unit of the customer
account, addressed to the primary bill-to site of the account. Site-level balance forward billing lets you
generate a balance forward bill for each bill-to site of a customer with multiple bill-to sites. You can
exclude a site from a balance forward bill by disabling balance forward billing on the customer profile of
the site.
Note: * We must enable balance forward billing for a customer both at the account and site profile level
in order for Receivables to pick any transactions of the customer. If balance forward billing is enabled at
the site profile level but not at the account profile level, the application does not recognize the site as a
balance forward billing site. Although transactions for the site continue to inherit the balance forward
billing payment term, Receivables never picks them up.
Reference: Fusion Applications Help, Balance Forward Billing: Explained
Question No : 85
Question No : 86
53
When adding a customer and using profile classes to organize the customer accounts, which three
options are true?
A. Fusion Receivables assigns the profile class DEFAUIT when creating a customer account. B. Fusion
Receivables assigns a DEFAULT profile class when creating an account site. C. Profile class updates and
assignments are managed using effective date ranges. D. Updates applied to a particular account or site
effect the profile class record. E. Receivables allows customized details of the profile class once the
profile class has been assign to an account or site. F. Receivable does NOT allow customization to the
account profile information after it is assigned to an account or site.
Answer: A,C,E Explanation: A: When you create a customer account, Oracle Fusion Receivables assigns
the profile class DEFAULT. C: Profile class updates and assignments are managed using effective date
ranges. E: After you assign a profile class to an account or site, you can customize details of the profile
class to meet specific requirements for that account or site.
Reference: Oracle Fusion Applications Financials Implementation Guide, Working with Profile Classes
Which two Collection Preferences can be selected as the default transaction class for the transaction
tab?
A. Guarantee B. Credit Memo C. Charge back D. Deposit E. Debit Memo
Answer: A,D
Question No : 87
Question No : 88
54
You have confirmed an automatic receipt in error. What is the correct method to rectify the error?
A. Unconfirm the automatic receipt. B. Remove the receipt from the batch. C. Reverse and recreate the
receipt. D. Delete the automatic receipt batch.
Answer: C Explanation: Once created, you can reapply and reverse automatic receipts in the same way
as manual receipts. To reverse an automatic receipt, it must be approved.
Reference: Fusion Applications help, Processing Automatic Receipts: How It Works
Which three scenarios require a debit memo reversal?
A. To reverse a miscellaneous receipt B. To reverse a receipt that has a chargeback with an adjustment
against it C. To reverse a receipt with remitted credit card refund application D. To reverse Receipt A
that was applied to Receipt B and where the reversal draws balance of Receipt B positive E. To reverse
Receipt A that was applied to Receipt B and reversal would draw balance of Receipt B negative
Answer: B,C,E Explanation: You must create a debit memo reversal under each of these circumstances:
* (B) You are reversing a receipt from which you have created a chargeback, and this chargeback has
had activity against it, such as another receipt, a credit memo, or an adjustment. * (C) You are reversing
a receipt with a remitted credit card refund application. * (E) You are reversing a receipt (Receipt A) that
was applied to another receipt (Receipt B), if the reversal would draw the balance of Receipt B negative.
Reference: Fusion Applications Help, Debit Memo Reversals: Points to Consider

Question No : 89
55
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
creates the adjustments with a status of Rejected for the amount that exceeds his approval limits. C. The
program creates the adjustments with a status of Pending Approval for the amount that exceeds his
approval limits. D. The program can only be run if the amount is within his approval limits.
Answer: C Explanation: If you enter a remaining amount or percentage range that exceeds your
adjustment approval limits, the program creates these adjustments with a status of Pending Approval. If
the remaining amount or percentage range is within your adjustment approval limits, the program
automatically approves these adjustments.
Note: Use the Create Automatic Billing Adjustments program to automatically adjust the remaining
balances of all open invoices, debit memos, credit memos, and chargebacks.
Reference: Oracle Fusion Help, Automatic Adjustments: Explained

You are an Accounts Receivables Manager and you have the Receivables Inquiry Duty role attached to
your Job Role. What tasks are you allowed to perform under this duty role?
A. Review Customer Account Activities B. View Receivables Receipts C. Dispute Receivable transactions
D. View Receivables Invoices E. View Receivables Credit Memos
Answer: A
Question No : 90
Question No : 91
56
Explanation: The Receivables Inquiry Duty manages the review of customer account activities where
updating is not appropriate.
You want the flexibility to void a debit memo or credit memo if there is no activity on the transaction.
What setup is needed on the Void transaction type definition to achieve this objective?
A. Set the Open Receivables option to Yes and the Post to GL option to Yes. B. Set the Open Receivables
option to No and the Post to GL option to Yes. C. Set the Open Receivables option to Yes and Post to GL
Option to No. D. Set the Open Receivables option to No and the Post to GL option to No.
Answer: D Explanation: To be able to void a debit memo, credit memo, on-account credit or invoice,
define a Void transaction type with 'Open Receivables' and 'Post to GL' set to No. Then, as long as there
is no activity against the transaction and it has not been posted to your general ledger, you can make it
invalid by simply changing the transaction type to 'Void'.
Reference: Oracle Receivables, Transaction Types
An interactive report is based on real-time data and is always user interactive. What is true about
Interactive reports?
A. The user can NOT drill down from the Interactive reports user interface B. The report is always ad
hoc. C. The user can enter parameters to limit the information to be included. D. Interactive reports
ALWAYS require an ESS program to be run.
Question No : 92
Question No : 93
57
Answer: C Explanation: Note: Unlike classic reports which typically use page items as report parameters,
the data in an interactive report is driven by declarative filters. However, the developer may desire to
set these report parameters by modifying interactive report settings for an end user. These settings only
affect the end user's working report and will not affect any saved report settings.
What is the impact on transactions if you change the billing cycle for a customer of group of customers?
A. New transaction after this change inherit the new billing cycle. B. Existing transactions with activity
adapt the; new billing cycle. C. Existing transactions with NO activity retain the old billing cycle. D. The
billing cycle does NOT have any impact on new transactions.
Answer: A
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?
A. Resend the transactions from the subledgers. B. Delete the related data on the GL interface table. C.
Confirm that data was sent from the subledger. D. Verify the output of the Journal Import Request E.
Run the Journal Import for all the group IDs.
Answer: B,D,E Explanation:
Note: * If you have only a few Journal Import errors, correct the errors from the Correct Journal
Question No : 94
Question No : 95
58
Import Data widow, then rerun Journal Import on the corrected data. * If the number of Journal Import
errors is high, delete all of the import data for your journal entry source and group ID. Correct the errors
then repopulate the GL_INTERFACE table before rerunning Journal Import.
Note 2: To import journal entries to General Ledger:
1.Navigate to the Import Journals window. 2.Enter the Source from which you want Journal Import to
create journal entries. 3.You can import data for the same or different sources in parallel by specifying a
unique Group ID for each request. General Ledger imports data with the journal entry source and group
ID combination you specify. If you do not specify a group ID, General Ledger imports data from the
specified journal entry source with no corresponding group ID. 4.Define the Journal Import Run Options.
5.Choose whether to Import Descriptive Flexfields, and whether to import them with validation. If you
choose not to create summary journals, you can Import Descriptive Flexfields along with your journal
information. You can import descriptive flexfields With Validation and generate journals only when
validation succeeds. Or, you can import descriptive flexfields Without Validation and generate all
journals. Warning: Importing descriptive flexfields without validation may cause problems when
modifying journal lines. If you import descriptive flexfields with errors, you may corrupt the journal lines
to which they refer. 6.Enter a Date Range to have General Ledger import only journals with accounting
dates in that range. If you do not specify a date range, General Ledger imports all journals data.
7.Choose Import to submit a concurrent process to import journals. General Ledger names the resulting
batch as follows: <REFERENCE1> <Source> <Request ID>: <Actual Flag> <Group ID>; for example, 587-C
Payables 18944: A 347. 8.Review the Journal Import Execution Report to determine the number of
errors in the import data, and how to correct any Journal Import errors.
What are the three valid statements related to third-party control accounts that have the
Question No : 96
59
type Customer?
A. The subledger journal entry lines that use this account MUST have customer information. B. When
the third party control account is assigned to a journal line, information such as name and site MUST be
provided. C. The subledger Journal entry lines that use this account need not have customer information
D. The customer sub ledger third-party balances will be updated when Journal is completed to Final
Status. E. The customer subledger third party balances will be updated when Journal is completed to
Draft Status.
Answer: A,B,D Explanation: If third party control accounts are enabled for the application, and the
account entered is a third party control account, you must enter third party information in the journal
entry.
Scenario
For example, if an account is defined as a third party control account with a type of Supplier, then the
subledger journal entry lines which use that account must include supplier information. When a valid
third party control account is assigned to a journal line, you are required to provide third party
information, such as name and site.
Submit the Third Party Balances Report to display subledger balance and account activity information
for suppliers and customers. The Customer or Supplier subledger third party balances will be updated
when the journal is completed to a Final status.
Reference: Fusion Applications Help, Validating a Third Party Control Account: Examples
What are the two parameters on which Collectors can create and save customer lists?
A. Work Status B. Aging Bucket C. Currency
Question No : 97
60
D. Priority
Answer: A,D
The Billing manager has navigated to the Billing Work Area to complete a transaction. The Incomplete
transactions Overview Region on the Billing Work Area page has a drilldown option through which
column to complete the transaction?
A. Transaction Number B. transaction Source C. Transaction Date D. Transaction Class
Answer: A
The common subledger period close management UI allows the user to__________.
A. Manage the accounting period status. B. Balance the entries after they are transferred to the general
ledger . C. Access all subledgers. D. Bill and automate customer payments for adjustment approval
processing E. Transfer unbalanced entries to the general ledger.
Answer: A Reference: Oracle Fusion Applications Financials Implementation Guide , Period Close
Components: Explained
The collections Manager wants to see a summary of delinquency data for a specific customer. Which tab
will display the summary delinquency data?
Question No : 98
Question No : 99
Question No : 100
61
A. Customer Aging tab B. Profile lab C. Contacts tab D. Transactions lab
Answer: A Reference: Oracle Fusion Applications Financials Implementation Guide, Aged or Staged
Dunning: Explained
The Adjust Customer Balances activity allows you to_____________.
A. Write-off uncollectable invoices but does NOT allow you to write-off small balance receipts B. Write
off small balance receipts but does NOT allow you to write-off uncollectable Invoices C. Write-off
uncollectable invoices and write-off small balance receipts D. Provide approval processing of credit
requests and automated receipts
Answer: A Explanation:
Note: Receivables provides a comprehensive set of reports to help reconcile outstanding customer
balances, transactions, receipts, and account balances.
In what scenario would you delete the receipt?
A. No payment is received from the customer for the receipt amount. B. The payment needs to be
returned to the customer. C. The receipt has been applied to the wrong transaction. D. The receipt has
been created but NOT yet applied to the transaction.
Question No : 101
Question No : 102

62
Answer: D
Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-
seeded templates are available?
A. 4 B. 6 C. 5 D. 8
Answer: A
A dunning letter issued at the customer business operational-level includes which transactions?
A. Only account level transactions. B. Only customer-level transactions C. Only bill-to-location-level

transactions D. Customer-, account-, AND bill-to-location level transactions
Answer: D Explanation: What's the difference between customer, account, and site at the Business
Level?
Transactions set at the customer level to view or modify, encompasses all of the transaction activity
associated with the customer. For example, a dunning letter at the customer level is inclusive of
transactions at the customer and account level.
Transactions set at the account level to view or modify, are for a particular account and include
transactions for all the bill-to sites under that account.
Transactions set at the site level to view or modify, are specific to the bill-to location.
Reference: Oracle Fusion Applications Financials Implementation Guide, What's the
Question No : 103
Question No : 104
63
difference between customer, account, and site at the Business Level?
Which three transaction types are used to generate late charges?
A. Invoice Interest B. Debit Memo C. Credit Memo D. Adjustments against the original transaction E.
Cash Receipts
Answer: A,B,D Explanation: If your late charge policy generates late charges as interest invoices or debit
memos, then the Invoice API creates the late charges. If your late charge policy records late charges as
adjustments, then the Adjustment API creates the late charges.
Reference: Oracle Receivables User Guide, Generating Late Charges

The method used to capture receipts data in mass while offline and upload the receipts at a later data is
called ____________.
A. Manual receipt entry B. Receipts via spread sheet. C. Lockbox receipts D. Automatic receipts
Answer: B
The billing Specialist creates an adjustment for an INCORRECT invoice and sends it for
Question No : 105
Question No : 106
Question No : 107
64
approval through the review and Manage Transaction link in the Billing Work Area. Since the adjustment
amount is above approval limit, it is routed to the Billing Manager. What is the status of the Adjustment
when the approver sees the adjustment in his Work Queue?
A. Pending Research B. Pending Approval C. Approval Required D. Waiting Approval
Answer: D Explanation: When you enter adjustments outside your approval limits for the currency of the
item that you are adjusting, Receivables creates the pending adjustment in the Approve Adjustments
form with a status of Waiting Approval. Adjustment with the waiting approval can only be approved by
users with the appropriate approval limit of currency of the item you are adjusting.
You have run the delinquency process for a customer and have navigated to the transactions tab to view
the status. Why is the status for the transactions blank?
A. The status of the past due transactions appear as blank. B. There was an error when updating the
status during the delinquency process. Fix it and rerun the process. C. The status of the current or paid
in full transactions appear as blank. D. The transaction status is NOT automatically updated when the
process runs.
Answer: B Explanation: Not C: When determining the delinquency status of transactions, Oracle
Advanced Collections creates a delinquency in a Collections table and the status of the transaction on
the Transaction tab is shown as Delinquent. When a transaction is paid and no longer delinquent, the
status becomes Current..
Question No : 108
Question No : 109
65
✑✑✑✑✑
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. $100 C. $105.33 D. $1,580
Answer: B Explanation: Oracle Fusion Receivables uses the active interest tier and charge schedule
values to calculate late charges using the Simple calculation formula.
The Simple calculation formula is the amount overdue multiplied by the rate and days overdue in the
period:
Amount Overdue * (Interest Rate/100) * (Number of Days Late/Number of Days in Period)
Here: 1500* 0.2 * (10/30)=100
Example: This table provides an example of a charge schedule with four interest tier periods, each with
an assigned interest rate.
Days Overdue Tiers Interest Rate 1-30 days 2% 31-45 days 3% 46-60 days 4% Over 60 days 5% In this
example:
An invoice for $1,000 is 45 days overdue. There are 30 days in the billing period.
66
The late charges are calculated as follows:
$1,000 * (3/100) * (45/30) = $45 After an additional 15 days (60 days overdue), the late charges are
calculated as follows:
$1,000 * (4/100) * (60/30) = $80
Reference: Fusion Applications help,
What are the three ways a Dispute Request can be submitted?
A. By a Collections Agent through the Advanced Collections application in the Customer Work Area B. By
a Billing Specialist through the Billing Work Area C. By an Account Receivables Specialist through the
Receivables Balances Work Area D. By a Billing Manager through the Transaction UI in the Adjustment
Work Area E. By a Receivable Manager through the Reconciliation Work Area
Answer: A,B,E Explanation: A: Duties assigned directly and indirectly to the job role Collections Agent
include: Collections Dispute Management duty: Allows user access to process disputes. B: Privileges
granted to duties of the job role Billing Specialist include: Dispute Receivables Transaction E: Privileges
granted to duties of the job role Accounts Receivable Manager include: Dispute Receivables Transaction
Note: There are times when participants, their managers, compensation analysts, and compensation
managers must create, track, and resolve disputes as part of the incentive compensation process. This
effective dispute management includes automated notification to all involved parties.

Question No : 110
67
The AutoCash Rule Set defines the order in which the system will apply the receipt to an open debit
Item. Which Autocash Rule is NOT defined in the receivables setup?
A. Clear past due invoices grouped by Payment Terms B. Clear past due invoices C. Apply to the oldest
invoice first D. Apply to the latest invoice first
Answer: D Explanation: The AutoCash rules are:
Match Payment with Invoice
Clear the Account
Clear Past Due Invoices
Clear Past Due Invoices Grouped by Payment Terms
Apply to the Oldest Invoice First
Reference: Oracle Fusion Applications Financials Implementation Guide, Define AutoCash Rule Sets
Select three features that the Shared Service model provides to satisfy business needs.
A. Secures user access to business units data B. Supports access of asset Information across multiple
asset books C. Different business units can take orders; however, orders can be managed by a shared
service desk having multiple business unit access. D. Ability to view consolidated requisitions across
business units E. Ability to submit and view data across different ledgers
Answer: A,C,D
Question No : 111
Question No : 112
68
Explanation: Note: Business Units and Shared Service model in Fusion Procurement Business Units (BU)
definition: A business unit is a unit of an enterprise that performs one or many business functions that
can be rolled up in a management hierarchy. A business unit can process transactions on behalf of many
legal entities. Normally, it will have a manager, strategic objectives, a level of autonomy, and
responsibility for its profit and loss. (1)
Prior to Oracle Fusion Applications, operating units in Oracle E-Business Suite were assumed to perform
all business functions, while in PeopleSoft, each business unit had one specific business function. Oracle
Fusion Applications blends these two models and allows defining business units with one or many
business functions. (2)
The Billing Specialist has entered an invoice in a foreign currency. After completing the invoice she
realized that she has to adjust the conversion rate on the transaction. The invoice is already paid and
has a receipt applied to it. Which is the setup that is NOT relevant to the Billing Specialist?
A. Adjust the conversion rate. B. Incomplete the transaction. C. Reverse the transaction. D. Recreate the
transaction at a new rate.
Answer: D Explanation: Duties assigned directly and indirectly to the job role Billing Specialist include:
* Adjustment Approval Duty Approves adjustments to invoices and receipt write-offs. * Bill Adjustment
Duty Processes all customer billing adjustments, including adjustments to customer accounts,
conversion rate adjustments (not A), and automatic adjustments.
Question No : 113
69
Which three steps of the Fund Capture Process are controlled by rules in the Fund Capture Process
Profile?
A. Formatting messages B. Creation of Settlement grouping rules C. Building Settlements into a

settlement batch D. Creation of routing rules E. Transmitting messages to the payment system
Answer: A,C,E Explanation: A funds capture process profile contains rules that control each of the
following steps of the funds capture process:
Formatting messages
Building settlements into a settlement batch
Transmitting messages to the payment system
Reference: Oracle Fusion Applications Financials Implementation Guide, Funds Capture Process Profile:
Explained
The Collections Dashboard is comprised of the____________.
A. Delinquent Customer list, Activities list, Customer Search feature. Process Monitor table B. Delinquent
Customer list, Activities list, Customer Search feature C. Delinquent Customer list, Activities list D.
Delinquent Customer list, Activities list, Process Monitor table
Answer: A Explanation:
Reference; ORACLE FUSION ADVANCED , data sheet
Question No : 114
Question No : 115
70
What is true about the aged dunning method?
A. Aged dunning sends dunning letters based on the age of the oldest translation and the number of
days since the last letter was sent. B. Aged dunning sends dunning letters based on the age of the oldest
transaction. C. The content of the dunning letter will NOT change as the oldest aged transaction moves
into next aging bucket. D. Multiple aged dunning letters are sent to the same customer who has more
than one delinquent transaction.
Answer: B Explanation: Companies sending collection letters to their customers based on the oldest
aged transaction can use the Aged Dunning method. Delinquent transactions are identified
automatically when the Delinquency Identification concurrent process is run. Preconfigured dunning
notice templates are available, or the deploying company can create their own dunning notice
templates. As the oldest aged transaction moves into the next aging bucket, the content of the dunning
letter can change. A single consolidated letter can be sent to eliminate sending multiple aged dunning
letters to the same customer who has more than one delinquent transaction. The templates are
associated to aging buckets in the dunning configuration process.
Reference: Oracle Fusion Applications Financials Implementation Guide, Aged Dunning Method
The Accounts Receivables Specialist reviews receipt with a status of Pending from the Review Customer
Account Details UI in the Receivables work area. She has to reverse a particular receipt.
What action does she take?
A. Navigate to the Create Automatic Receipts UI the receipt, and create a debit memo. B. Navigate to
the Create Receipts UI and create a new receipt for the customer. C. Navigate to the Manage Receipts
UI, reverse the receipt, and create a credit memo. D. Navigate to the Manage Receipts UI, reverse the
receipt, and create a debit memo.
Question No : 116
Question No : 117
71
Answer: C Explanation:
Note: * Reverse Receipt You can use this action to reverse receipts or refunds. This action raises a
business event, reverses the receipt, reopens the original transaction, and removes payment * When
you reverse a receipt, Oracle Fusion Receivables automatically creates reversal journal entries in the
general ledger and reopens all of the debit and credit items that were closed by the receipt. You can
reverse a receipt that was applied to transactions with adjustments or chargebacks, provided the
adjustments and chargebacks have not posted to general ledger
An Invoice with an original balance of $100 has a receipt application for $75. The Collector enters a
dispute for $50 for this invoice and submits it for approval. Select the valid statement.
A. A Credit Memo for $50 will be created. B. A Credit Memo for $25 will be created. C. A Credit Memo
will NOT be created, because the disputed amount is greater than the invoice balance. D. A Credit
Memo for $50 and a Debit Memo for $25 will be generated.
Answer: D Explanation: Note: Processing a collections dispute allows the collector to record and request
a dispute based on various sections of the customer's transaction. The dispute process allows the
collector to select a transaction, along with the appropriate section and reason for the dispute, then
submit the dispute for processing. The dispute is forwarded to the appropriate levels of approval in the
BPM Worklist Credit Memo Request Approval process. If the dispute is approved, the appropriate credit
memo is created automatically. You can only submit one dispute at a time. For example, if you are
disputing tax and shipping on the same transaction; the tax would be one dispute and shipping a
different dispute.
Question No : 118
72
Note: Credit Card Chargebacks: Explained
A customer may request a refund for all or part of a previously remitted credit card receipt directly with
the credit card issuer.
Under this procedure, the credit card issuer credits the customer account for the disputed amount,
deducts the amount from your merchant bank account, and notifies you that a credit card chargeback
took place.
What are the three validation steps required for implementing dispute processing?
A. Transaction types are set up with appropriate Credit Memo types. B. Periods for which the
transaction can be disputed are Open. C. The Document Sequencing required is set up. D. BPM Work List
for approval configuration is validated. E. The Recognize Revenue program is scheduled.
Answer: A,B,D Explanation:
Note: * Processing a collections dispute allows the collector to record and request a dispute based on
various sections of the customer's transaction. The dispute process allows the collector to select a
transaction, along with the appropriate section and reason for the dispute, then submit the dispute for
processing. The dispute is forwarded to the appropriate levels of approval in the BPM Worklist Credit
Memo Request Approval process. If the dispute is approved, the appropriate credit memo is created
automatically. You can only submit one dispute at a time. * AutoReceipts include dispute items option:
Use this option on the customer or site profile to determine whether to include open items in dispute
during transaction selection
Reference: Oracle Fusion Applications Order Fulfillment, Receivables,
Question No : 119
73
Payments, Cash, and Collections Guide, Processing Disputes: Overview
Which three duties are associated with the Payment Management Specialist role?
A. Create receivables refund. B. Create receivables credit card refund. C. Create receivables credit card
charge back. D. Billing inquiry duty. E. Receipt creation duty.
Answer: A,C,E Explanation: A: Payment Management Duty include privilege Create Receivables Refund.
C: Receivables ChargeBack An Accounts Receivable Manager can manage receivables transactions for
the business units for which they are authorized Role: Payment Management Duty Privilege: Manage
Receivables Transactions (Data) Resource: Business Unit
E: Receivables Standard Receipt An Accounts Receivable Manager can manage receivables receipts for
the business units for which they are authorized Role: Payment Management Duty Privilege: Manage
Receivables Receipts (Data)
Note: Payment Management Duty Processes customer payment activities, including cash adjustments,
deductions, receipt reversals, receipt write-offs, receipt conversion rate adjustments, receipt
applications, and the creation of miscellaneous receipts.
Question No : 120
74
The Billing Specialist created and completed an invoice for $100 for Customer A. She prints the invoice
and realizes that the invoice should have been created for Customer B, not Customer A. The accounting
for the transaction for Customer A is posted to the General ledger. How can this be corrected?
A. Create an adjustment for the entire amount and create a negative adjustment for Customer B. B.
Create an on account credit memo for $100 for the invoice and enter a new invoice for Customer B. C.
Change the status of invoice to incomplete, and enter a new invoice for Customer B. D. Navigate to
credit transaction link in the billing work area, credit the entire amount, and enter a new invoice for
Customer B.
Answer: D
You have entered invoices using the Autoinvoicing Feature. How can you review the records that are in
error?
A. Click the View Autoinvoice Lines link to open a workbook wild the specific error record. B. Click the
Manage Autoinvoice Lines link to open a workbook with the specific error record. C. Click the Number of
Errors link in the Autoinvoice error region to open a workbook with the specific error record. D. Click the
View Error Details link in the Autoinvoice errr region to open a workbook with the specific: error record.
Answer: C Reference: Fusion Applications help, Correcting AutoInvoice Errors: Explained
Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?
Question No : 121
Question No : 122
Question No : 123
75
A. Time zone conversion applies to the transaction date and adjustment date and NOT the accounting
date on transactions. B. Time zone is derived from the legal entity associated ONLY lo the default,
business unit of the transaction. C. If there is a legal entity associated with the business unit used on the
transaction, then the system date is used. D. Time zone rules apply to invoices, credit memos, on
account credit memos, debit memos, chargebacks, and adjustments.
Answer: D Reference: Fusion Applications Help, Legal Entity Time Zones in

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================================================================================

Fusion Financials Rapid Implementation for General Ledger

Processing started .. validating ..

Process File Id=191010

ESS Request Id=1309875

Zip file: /tmp/RapidImpl/1309875/RapidZipFile2121526904740125676.zip

Upload Enterprise Structure > Create Chart of Accounts

Processing Value Sets

Value Sets processed successfully

Processing Chart of Accounts Key Flexfields

Segment Label Code [FA_COST_CTR] - BI Object Name [Dim - Cost Center]

Segment Label Code [GL_10_LOB] - BI Object Name [Dim - GL Segment1]

Segment Label Code [GL_10_PRODUCT] - BI Object Name [Dim - GL Segment3]

Segment Label Code [GL_BALANCING] - BI Object Name [Dim - Balancing Segment]

Segment Label Code [GL_BALANCING_3] - BI Object Name [null]

Segment Label Code [GL_GLOBAL] - BI Object Name [null]

Segment Label Code [GL_INF_PRODUCT] - BI Object Name [Dim - GL Segment7]

Segment Label Code [GL_INTERCOMPANY] - BI Object Name [Dim - GL Segment4]

Segment Label Code [GL_MANAGEMENT] - BI Object Name [null]

Segment Label Code [GL_SECONDARY_TRACKING] - BI Object Name [null]

Segment Label Code [GSE_GL_INTERCOMPANY] - BI Object Name [Dim - GL Segment6]

Segment Label Code [GSE_GL_LINEOFBUSINESS] - BI Object Name [Dim - GL Segment2]

Segment Label Code [GSE_GL_PRODUCT] - BI Object Name [Dim - GL Segment5]

Assigned Segment Label Code [GL_BALANCING] to Segment [Compnay]

Assigned Segment Label Code [FA_COST_CTR] to Segment [Business Unit]

Assigned Segment Label Code [GL_ACCOUNT] to Segment [Account]

Exception: oracle.jbo.AttrSetValException: JBO-

Exception Message: JBO-

Status: Process completed in error.

Action: Please resolve reported error manually and proceed to re-submit.

Zip file: /tmp/RapidImpl/1309875.zip

Oracle Financials Cloud: Receivables 2016 Implementation Essentials

[ Total Questions: 123 ]

What is true in this scenario?

Oracle 1z0-335 : Practice Test

Reference: Oracle Fusion Applications Financials Security Reference Manual

Oracle 1z0-335 : Practice Test

Answer: B Explanation: Bill Consolidation at Account or Site Level

Reference: Fusion Applications Help, Balance Forward Billing: Explained

Oracle 1z0-335 : Practice Test

Select a scenario that is NOT eligible for receipt reversal.

A. Reversing a miscellaneous receipt B. Reversing a receipt applied to a transaction with a chargeback

Why is business unit C NOT visible to the Receivables Manager?

Oracle 1z0-335 : Practice Test

Answer: B Reference: Fusion Applications help, Process Billing Adjustments FAQs

Oracle 1z0-335 : Practice Test

Select the two key system options related to customers.

A. Customer name B. Acccount

Oracle 1z0-335 : Practice Test

C. Bill-to D. Customer name, account, or bill-to

Payment Term = Net 30, Reference Data Set = Enterprise Set

Payment Term = Net 45, Reference Data Set = Enterprise Set

Payment Term = Net 45, Reference Data Set = USA Set

Oracle 1z0-335 : Practice Test

Dunning can be configured using ___________.

Answer: C Explanation: Note: * There are four conversion levels:

Oracle 1z0-335 : Practice Test

Reference: Oracle Fusion Applications Financials Implementation Guide, Define Ledgers

A. manual receipt B. automatic receipt C. QuickCash receipt D. Autolockbox receipt E. miscellaneous

Oracle 1z0-335 : Practice Test

A. Unapplied Receipts B. Pending Approval C. Pending Clearance D. Pending Confirmation E. On Account

What are the steps in running the AutoLockbox Concurrent Process?

Answer: B Explanation: To run AutoLockbox: