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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Customer and Account Management | - Customer Data
|
| Transaction Processing | - Accounting
|
| Collections and Credit Management | - Credit Management
|
| Enterprise and Receivables Configuration | - Enterprise Structures
|
| Reporting and Period Close | - Period Close
|
| Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Receipts and Cash Management | - Receipt Application
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Which three transaction types are used to generate late charges?
- A. Invoice Interest
- B. Debit Memo
- C. Cash Receipts
- D. Credit Memo
- E. Adjustments against the original transaction
Correct Answer: A,B,E 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
What are the three steps required to implement the Lockbox feature?
- A. Set up late charges.
- B. Set up credit card refunds.
- C. Set up Lockbox and Lockbox Transmission Formats.
- D. Set up Receipt Sources.
- E. Set up Receipt Classes and Receipt Methods.
Correct Answer: B,C,D 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
Identify the different dunning letter versions provided to the customer.
- A. Soft, Regular, Hard
- B. Regular, Final Demand, Medium
- C. Regular, Medium, Hard
- D. Final Demand, Soft, Medium
Correct Answer: A 🗳️
Which task does NOT belong to the task list Define Business Units?
- A. Manage Set Assignments for Set Determinants.
- B. Manage Service Provider Relationships.
- C. Verify Data Role Generation for the Business Unit Business Function
- D. Verify Service Clients.
Correct Answer: C 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
Which three scenarios require a debit memo reversal?
- A. To reverse a miscellaneous receipt
- B. To reverse a receipt that has a chargeback with an adjustment against it
- C. To reverse Receipt A that was applied to Receipt B and reversal would draw balance of Receipt B negative
- D. To reverse Receipt A that was applied to Receipt B and where the reversal draws balance of Receipt B positive
- E. To reverse a receipt with remitted credit card refund application
Correct Answer: B,C,E 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
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