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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Customer and Account Management | - Customer Data
|
| Topic 2: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Topic 3: Reporting and Period Close | - Reporting
|
| Topic 4: Enterprise and Receivables Configuration | - Enterprise Structures
|
| Topic 5: Transaction Processing | - Billing and Invoicing
|
| Topic 6: Collections and Credit Management | - Collections
|
| Topic 7: Receipts and Cash Management | - Receipt Application
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Question 1
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?
A. The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.
B. The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
C. The program can only be run if the amount is within his approval limits.
D. The program creates adjustments only for the amounts within his approval limit
Question 2
The Accounts Receivables Specialist, while reviewing a customer account, saw a customer complaint about a percentage that was NOT applied to an invoice. The Accounts Receivables Specialist decides to initiate a dispute process for this transaction. What is the action he has to perform to invoke the dispute?
A. Navigate to the Review Customer Accounts Details user interface and invoke the dispute.
B. Navigate to the Collections Workbench page and invoke the dispute.
C. Navigate to the Review and Manage Transaction Page-and invoke the dispute.
D. Navigate to the Manage Revenue Adjustments Page and invoke the dispute.
Question 3
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 2 and 3 activities will be included in a single bill.
B. Sites l and 3 activities will be included in a single bill.
C. Sites 1 and 2 activities will be included in a single bill.
D. Sites 1, 2, and 3 activities will be included in a single bill.
Question 4
Which three ways will changing the customer information impart the collection process?
A. Changing Information in the Profile Tab does NOT have an impact on the level in which the collections are done.
B. Adding or modifying the customer contact name in the Contacts tab impacts where the correspondence is sent.
C. Changing the Collector impacts the individual working with the delinquent customer.
D. Making changes In the Profile tab Impacts the collection process.
E. Business unit level changes will NOT Impact the display of delinquent customers on the dashboard.
Question 5
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. $1,580
B. $105.33
C. $100
D. $300
Solutions:
| Question 1 Answer: A | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: B,C,D | Question 5 Answer: C |







