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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Receipts and Cash Management | - Receipt Application
|
| Topic 2: Transaction Processing | - Accounting
|
| Topic 3: Reporting and Period Close | - Period Close
|
| Topic 4: Enterprise and Receivables Configuration | - Receivables System Options
|
| Topic 5: Customer and Account Management | - Customer Data
|
| Topic 6: Collections and Credit Management | - Credit Management
|
| Topic 7: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?
A) Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.
B) Transaction exclusion for a statement can be done at each transaction level.
C) Transaction exclusion can NOT be done during the creation of a transaction.
D) Transaction exclusion can be done during creation of the transaction.
2. Collections Dashboard is an Interactive Work Status tool that helps to prioritize and find items that need attention.
Which is a valid Work Status as defined in the Collections Dashboard?
A) Closed
B) New
C) Under Process
D) Open
3. The client has implemented automatic revenue recognition using Revenue Polity Definitions. The payment term threshold of 150 days has been entered in the revenue policy. An invoice of $5,000 is imported with payment term that has four equal installment terms.
-Net 60 -Net 90 -Not 120
-Net 180
Select the amount of revenue that would be deferred in this case.
A) $5,000
B) $4, 750
C) $2,500
D) $1, 250
E) $1.750
4. Which option must be set up in order to adjust an invoice and enter an amount greater than the balance due?
A) Set the Allow Overapplication on receivables activity to Yes.
B) You can NOT enter on amount, greater than the balance due.
C) Set the Allow Overapplication on the profile options to Yes.
D) Set the Allow Overapplication on transaction type to Yes.
5. 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 an Account Receivables Specialist through the Receivables Balances Work Area
D) By a Receivable Manager through the Reconciliation Work Area
E) By a Collections Agent through the Advanced Collections application in the Customer Work Area
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A,D,E |



