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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Enterprise and Receivables Configuration | - Enterprise Structures
|
| Topic 2: Reporting and Period Close | - Reporting
|
| Topic 3: Transaction Processing | - Accounting
|
| Topic 4: Receipts and Cash Management | - Receipt Processing
|
| Topic 5: Customer and Account Management | - Customer Data
|
| Topic 6: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Topic 7: Collections and Credit Management | - Credit Management
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-seeded templates are available?
- A. 5
- B. 4
- C. 8
- D. 6
Correct Answer: B 🗳️
You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?
- A. Pending Approval
- B. Approved
- C. Pending Approval from Others
- D. Pending Research
- E. Pending My Approval
Correct Answer: D,E 🗳️
The Accounts Receivables Specialist reviews receipt with a status of Pending from the Review Customer Account Details UI in the Receivables work area. She has to reverse a particular receipt.
What action does she take?
- A. Navigate to the Manage Receipts UI, reverse the receipt, and create a debit memo.
- B. Navigate to the Manage Receipts UI, reverse the receipt, and create a credit memo.
- C. Navigate to the Create Receipts UI and create a new receipt for the customer.
- D. Navigate to the Create Automatic Receipts UI the receipt, and create a debit memo.
Correct Answer: B 🗳️
Explanation: Only visible for DumpsReview members. You can sign-up / login (it's free).
The Accounts Receivable Specialist associated duty include which three duties?
- A. Trading Community Hierarchy Management Duty
- B. Receivables Accounting Duty
- C. Payment Settlement Management Duty
- D. Import Payables invoices Duty
- E. Receipt Creation Duty
Correct Answer: B,C,E 🗳️
Explanation: Only visible for DumpsReview members. You can sign-up / login (it's free).
Which two Collection Preferences can be selected as the default transaction class for the transaction tab?
- A. Credit Memo
- B. Guarantee
- C. Charge back
- D. Debit Memo
- E. Deposit
Correct Answer: B,E 🗳️
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