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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Enterprise and Receivables Configuration | - Receivables System Options
|
| Topic 2: Collections and Credit Management | - Collections
|
| Topic 3: Reporting and Period Close | - Reporting
|
| Topic 4: Transaction Processing | - Billing and Invoicing
|
| Topic 5: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Topic 6: Receipts and Cash Management | - Receipt Application
|
| Topic 7: Customer and Account Management | - Customer Data
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. What are the three Multiple Receipt Creation Methods available?
A) Manual receipt creation
B) Standard remittance
C) Factor remittance
D) Lock box
E) Automatic
2. Which three steps of the Fund Capture Process are controlled by rules in the Fund Capture Process Profile?
A) Building Settlements into a settlement batch
B) Formatting messages
C) Transmitting messages to the payment system
D) Creation of routing rules
E) Creation of Settlement grouping rules
3. Your company operates in an environment of a highly inflationary economy and fluctuating exchange rates.
Which data conversion level should you use?
A) Only Subledger Level
B) Adjustment Only
C) Balance Level
D) Subledger Level or Journal Level
E) Only Journal Level
4. 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) Cash account on the receipt
C) Revenue account of the original transaction to which the receipt is applied
D) Revenue Account Specified in Debit Memo transaction type
5. What are the three validation steps required for implementing dispute processing?
A) Periods for which the transaction can be disputed are Open.
B) The Document Sequencing required is set up.
C) The Recognize Revenue program is scheduled.
D) Transaction types are set up with appropriate Credit Memo types.
E) BPM Work List for approval configuration is validated.
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: A,B,C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A,D,E |
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