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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Collections and Period Close | 13% | - Collections Management
|
| Topic 2: Receivables Setups | 22% | - Receipts Setup
|
| Topic 3: Receipt Processing and Application | 20% | - Receipt Creation
|
| Topic 4: Customer Management | 20% | - Credit Management
|
| Topic 5: Transaction Processing | 25% | - Invoicing
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Question 1
What are the three ways a Dispute Request can be submitted?
A. By a Billing Specialist through the Billing Work Area
B. By a Billing Manager through the Transaction UI in the Adjustment Work Area
C. By a Receivable Manager through the Reconciliation Work Area
D. By an Account Receivables Specialist through the Receivables Balances Work Area
E. By a Collections Agent through the Advanced Collections application in the Customer Work Area
Question 2
Your company has three sites defined in the system site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and site 2 at the account level. How will bills be generated?
A. Sites 1 and 2 activities will be included in a single bill.
B. Sites 1, 2, and 3 activities will be included in a single bill.
C. Sites 2 and 3 activities will be included in a single bill.
D. Sites l and 3 activities will be included in a single bill.
Question 3
The AutoCash Rule Set defines the order in which the system will apply the receipt to an open debit Item. Which Autocash Rule is NOT defined in the receivables setup?
A. Clear past due invoices
B. Clear past due invoices grouped by Payment Terms
C. Apply to the oldest invoice first
D. Apply to the latest invoice first
Question 4
Tables for the Customer Master are owned by ____________.
A. Oracle Fusion Customer Relationship Management
B. Oracle Fusion Receivables
C. Oracle Fusion Distributed Order Orchestration
D. Oracle Fusion Trading Community Architecture
Question 5
You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the Manage Transactions user interface to enter the correct transaction. Which two actions does the Manage Transactions user interface allow you to perform for the Rebill task?
A. Incomplete the transaction.
B. Correct the unit price.
C. Create a credit memo.
D. Reverse the Transaction.
E. Duplicate the original transaction.
Solutions:
| Question 1 Answer: A,C,E | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: C,E |







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