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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Customer Management | 20% | - Credit Management
|
| Topic 2: Collections and Period Close | 13% | - Collections Management
|
| Topic 3: Transaction Processing | 25% | - Revenue Management
|
| Topic 4: Receipt Processing and Application | 20% | - Receipt Creation
|
| Topic 5: Receivables Setups | 22% | - System Options
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Where are the alerts and approvals displayed in the Collection Work Area?
A) Delinquent Customer List Region
B) Watch list
C) Notification Pop-up
D) Activities List
2. For refund requests, Autoinvoice automatically places the on-account amount of a refund request if ____________ and ____________.
A) the receipt to be refunded has NOT yet been remitted
B) receipts with different payment types were used to pay the same transaction to be credited
C) the receipt does NOT have on account credit memo against it
D) installments that existed on the transaction were fully paid
3. 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) Pending Approval from Others
C) Approved
D) Pending My Approval
E) Pending Research
4. The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?
A) On Account Receipts
B) Pending Approval
C) Unapplied Receipts
D) Pending Clearance
E) Pending Confirmation
5. Select three features that the Shared Service model provides to satisfy business needs.
A) Supports access of asset Information across multiple asset books
B) Ability to view consolidated requisitions across business units
C) Ability to submit and view data across different ledgers
D) Secures user access to business units data
E) Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C,D | Question # 3 Answer: D,E | Question # 4 Answer: B,D | Question # 5 Answer: B,D,E |
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