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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Customer Management | 20% | - Customer Accounts
|
| Topic 2: Transaction Processing | 25% | - Revenue Management
|
| Topic 3: Receivables Setups | 22% | - Transactions Setup
|
| Topic 4: Collections and Period Close | 13% | - Period Close
|
| Topic 5: Receipt Processing and Application | 20% | - Receipt Creation
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
When adding a customer and using profile classes to organize the customer accounts, which three options are true?
- A. Fusion Receivables assigns a DEFAULT profile class when creating an account site.
- B. Fusion Receivables assigns the profile class DEFAUIT when creating a customer account.
- C. Receivables allows customized details of the profile class once the profile class has been assign to an account or site.
- D. Profile class updates and assignments are managed using effective date ranges.
- E. Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.
- F. Updates applied to a particular account or site effect the profile class record.
Correct Answer: B,C,D 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
What are the three ways a Dispute Request can be submitted?
- A. By an Account Receivables Specialist through the Receivables Balances Work Area
- B. By a Billing Manager through the Transaction UI in the Adjustment Work Area
- C. By a Collections Agent through the Advanced Collections application in the Customer Work Area
- D. By a Billing Specialist through the Billing Work Area
- E. By a Receivable Manager through the Reconciliation Work Area
Correct Answer: C,D,E 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
A dunning letter issued at the customer business operational-level includes which transactions?
- A. Only bill-to-location-level transactions
- B. Only account level transactions.
- C. Only customer-level transactions
- D. Customer-, account-, AND bill-to-location level transactions
Correct Answer: D 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions. What parameters are used to summarize the exceptions for review?
- A. Business Unit, Customer Name, Transaction Source, Total Amount
- B. Business Unit, Transaction Type, Invoice Date, Currency
- C. Business Unit, Transaction Source, Creation Date, Currency
- D. Business Unit, Transaction Source, Transaction Type, Creation Date
Correct Answer: C 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
The Billing manager has navigated to the Billing Work Area to complete a transaction. The Incomplete transactions Overview Region on the Billing Work Area page has a drilldown option through which column to complete the transaction?
- A. Transaction Date
- B. Transaction Class
- C. Transaction Number
- D. transaction Source
Correct Answer: C 🗳️
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