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Oracle 1z0-506 Exam Syllabus Topics:

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

                                                          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
                                                          Reveal Solution  Discussion  0

                                                          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.
                                                          Reveal Solution  Discussion  0

                                                          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
                                                          Reveal Solution  Discussion  0

                                                          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.
                                                          Reveal Solution  Discussion  0

                                                          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
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B,C,E  🗳️

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

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