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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Transaction Processing | - Billing and Invoicing
|
| Topic 2: Receipts and Cash Management | - Receipt Application
|
| Topic 3: Enterprise and Receivables Configuration | - Receivables System Options
|
| Topic 4: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Topic 5: Customer and Account Management | - Customer Data
|
| Topic 6: Collections and Credit Management | - Credit Management
|
| Topic 7: Reporting and Period Close | - Reporting
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
What are the three Multiple Receipt Creation Methods available?
- A. Standard remittance
- B. Manual receipt creation
- C. Automatic
- D. Lock box
- E. Factor remittance
Correct Answer: A,C,E 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?
- A. If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
- B. Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
- C. Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
- D. Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
Correct Answer: C 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
When a customer opts to make a payment by a credit card, this receipt is identified as a (n) _____________.
- A. QuickCash receipt
- B. automatic receipt
- C. manual receipt
- D. miscellaneous receipt
- E. Autolockbox receipt
Correct Answer: B 🗳️
AutoCash rules apply to__________.
- A. credit card
- B. automatic receipts
- C. QuickCash
- D. manual receipts
Correct Answer: B 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
Identify two credit memo options.
- A. Paid amount only
- B. Advance
- C. Invoice lines
- D. Tax only
- E. Paid freight
Correct Answer: D,E 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
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