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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Enterprise and Receivables Configuration | - Receivables System Options
|
| Topic 2: Receipts and Cash Management | - Receipt Processing
|
| Topic 3: Reporting and Period Close | - Reporting
|
| Topic 4: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Topic 5: Collections and Credit Management | - Collections
|
| Topic 6: Customer and Account Management | - Customer Data
|
| Topic 7: Transaction Processing | - Accounting
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. Identify two late charge interest calculation methods.
A) Average Daily Balance
B) Overdue Transactions
C) Adjusted Balance
D) Previous Balance
2. Dunning can be configured using ___________.
A) both by single business unit or multiple business units
B) only multiple business units
C) can NOT be configured by business units
D) only one business unit
3. A company has implemented a flat interest calculation late charges. Determine the late charge based on:
-Amount Overdue = $1,500 -Interest Rate = 20% -Days Overdue = 10 -Days in period = 30 -Outstanding Charges = $80
A) $300
B) $105.33
C) $1,580
D) $100
4. The Billing Manager has to Bill Adjustment Duty role associated with him. Which task he cannot perform?
A) Update Receivables Invoice
B) Update Receivables Credit memo
C) Dispute Receivables Transaction
D) Review Customer Account Activities
5. What are the three validation steps required for implementing dispute processing?
A) Transaction types are set up with appropriate Credit Memo types.
B) BPM Work List for approval configuration is validated.
C) The Recognize Revenue program is scheduled.
D) Periods for which the transaction can be disputed are Open.
E) The Document Sequencing required is set up.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A,B,D |
