1z0-506 by Oracle Actual Free Exam Questions And Answers

Question 1

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

A. Default aging method

B. Default exchange rate

C. Preference set

D. Display of open transactions

E. Default contact for unknown dunning recipients

Discussion 0

Correct Answer: B,E Vote an answer

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Question 2

Select two values that are set up in Correspondence Configuration.

A. Dunning configuration set

B. Rerun the dunning process

C. Exclude from dunning

D. Dunning letter options

Discussion 0

Correct Answer: A,D Vote an answer

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Question 3

Which feature allows Collectors to comment on interactions with customers?

A. Client Application Components

B. Common Application Components

C. Consumer Application Comments

D. Customer Application Comments

E. Complex Application Components

Discussion 0

Correct Answer: B Vote an answer

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Question 4

Tables for the Customer Master are owned by ____________.

A. Oracle Fusion Customer Relationship Management

B. Oracle Fusion Receivables

C. Oracle Fusion Distributed Order Orchestration

D. Oracle Fusion Trading Community Architecture

Discussion 0

Correct Answer: C Vote an answer

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Question 5

A dunning letter issued at the customer business operational-level includes which transactions?

A. Only account level transactions.

B. Only bill-to-location-level transactions

C. Customer-, account-, AND bill-to-location level transactions

D. Only customer-level transactions

Discussion 0

Correct Answer: C Vote an answer

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Question 6

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 the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.

B. The program can only be run if the amount is within his approval limits.

C. The program creates adjustments only for the amounts within his approval limit

D. The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.

Discussion 0

Correct Answer: A Vote an answer

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Question 7

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?

A. Navigate to the Manage Revenue Adjustments Page and invoke the dispute.

B. Navigate to the Review Customer Accounts Details user interface and invoke the dispute.

C. Navigate to the Collections Workbench page and invoke the dispute.

D. Navigate to the Review and Manage Transaction Page-and invoke the dispute.

Discussion 0

Correct Answer: B Vote an answer

Question 8

What three Work Areas are used to review and manage actionable items before the closing period?

A. The Receivables Balances Work Area for customer payment and credit application processing

B. The Billing Work Area for invoicing and adjustment approval related activities

C. The Receivables Balances Work Area for invoicing and adjustment approval related activities.

D. The Revenue Adjustments Work Area for customer payment and credit application processing.

E. The Revenue Adjustments Work Area for contingencies affecting revenue recognition

Discussion 0

Correct Answer: A,B,E Vote an answer

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Question 9

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

Discussion 0

Correct Answer: B Vote an answer

Question 10

When adding a customer and using profile classes to organize the customer accounts, which three options are true?

A. Profile class updates and assignments are managed using effective date ranges.

B. Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.

C. Updates applied to a particular account or site effect the profile class record.

D. Receivables allows customized details of the profile class once the profile class has been assign to an account or site.

E. Fusion Receivables assigns a DEFAULT profile class when creating an account site.

F. Fusion Receivables assigns the profile class DEFAUIT when creating a customer account.

Discussion 0

Correct Answer: A,D,F Vote an answer

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Oracle Fusion Financials 11g Accounts Receivable Essentials - 1z0-506 Exam Practice Test

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