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Oracle 1z0-506 Exam Syllabus Topics:

SectionObjectives
Topic 1: Other Accounts Receivable Topics- Period close process setup
- Write-offs, adjustments, and chargebacks
- Subledger accounting configuration
- Late charges usage
Topic 2: Collections- Customer correspondence process
- Collections dashboard functionality
- Collection preferences setup
- Dispute handling management
- Delinquency process deployment
Topic 3: Overview of Receivables- Receivables dashboard analysis
- Shared service model configuration
- Customer management in Accounts Receivable
- Reference data sets configuration
Topic 4: Billing and Revenue Management- Process billing transactions
- Billing dashboard analysis
- Revenue management
- Bill presentment architecture
Topic 5: Receipt Management- Receipt processing
- Customer refunds management
- Receipt dashboard usage
- Funds capture definition

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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 Source, Creation Date, Currency
  • B. Business Unit, Customer Name, Transaction Source, Total Amount
  • C. Business Unit, Transaction Source, Transaction Type, Creation Date
  • D. Business Unit, Transaction Type, Invoice Date, Currency
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

The drilldown option available in the task pane for receipts does NOT include ____________.

  • A. Lockbox Transmission History
  • B. Create Remittance via Spreadsheet
  • C. Create Receipt via Spreadsheet
  • D. Correct Funds Transfer Errors
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?

  • A. Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
  • B. If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
  • C. Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
  • D. Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

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 Factoring account is credited
  • B. The Short term debt account is debited and the Factoring account is credited.
  • C. The Factoring account is debited and the Short term debt account is credited.
  • D. The Cash and Bank charges accounts are debited and the Short term debt account is credited
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Dunning can be configured using ___________.

  • A. only multiple business units
  • B. both by single business unit or multiple business units
  • C. only one business unit
  • D. can NOT be configured by business units
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

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