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Oracle 1z0-506 Exam Syllabus Topics:

SectionObjectives
Topic 1: Transaction Processing- Billing and Invoicing
  • 1. Invoices
    • 2. Credit Memos
      • 3. Debit Memos
        - Accounting
        • 1. Subledger Accounting
          • 2. AutoAccounting
            Topic 2: Receipts and Cash Management- Receipt Application
            • 1. Adjustments and Refunds
              • 2. Applying Receipts
                - Receipt Processing
                • 1. Receipt Methods
                  • 2. Automatic Receipts
                    • 3. Manual Receipts
                      Topic 3: Enterprise and Receivables Configuration- Receivables System Options
                      • 1. Document Sequencing
                        • 2. Transaction Sources
                          - Enterprise Structures
                          • 1. Business Units
                            • 2. Reference Data Sets
                              • 3. Ledgers and Legal Entities
                                Topic 4: Receivables Implementation Overview- Oracle Fusion Financials Architecture
                                • 1. Integration with Other Financial Modules
                                  • 2. Receivables Business Flow
                                    Topic 5: Customer and Account Management- Customer Data
                                    • 1. Customer Profiles
                                      • 2. Customer Accounts
                                        • 3. Account Sites
                                          Topic 6: Collections and Credit Management- Credit Management
                                          • 1. Credit Limits
                                            • 2. Credit Profiles
                                              - Collections
                                              • 1. Delinquency Management
                                                • 2. Collection Strategies
                                                  Topic 7: Reporting and Period Close- Reporting
                                                  • 1. Receivables Reports
                                                    • 2. Analytics and Dashboards
                                                      - Period Close
                                                      • 1. Close Process
                                                        • 2. Reconciliation

                                                          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
                                                          Reveal Solution  Discussion  0

                                                          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.
                                                          Reveal Solution  Discussion  0

                                                          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
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B  🗳️

                                                          AutoCash rules apply to__________.

                                                          • A. credit card
                                                          • B. automatic receipts
                                                          • C. QuickCash
                                                          • D. manual receipts
                                                          Reveal Solution  Discussion  0

                                                          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
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: D,E  🗳️

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

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