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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receipt Processing and Application | 20% | - Receipt Application
|
| Collections and Period Close | 13% | - Collections Management
|
| Customer Management | 20% | - Customer Accounts
|
| Receivables Setups | 22% | - System Options
|
| Transaction Processing | 25% | - Revenue Management
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Which feature allows Collectors to comment on interactions with customers?
- A. Client Application Components
- B. Complex Application Components
- C. Customer Application Comments
- D. Consumer Application Comments
- E. Common Application Components
Correct Answer: E 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
What are the two parameters on which Collectors can create and save customer lists?
- A. Aging Bucket
- B. Currency
- C. Priority
- D. Work Status
Correct Answer: C,D 🗳️
What are the three valid statements related to third-party control accounts that have the type Customer?
- A. The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.
- B. The customer subledger third party balances will be updated when Journal is completed to Draft Status.
- C. The subledger Journal entry lines that use this account need not have customer information
- D. The subledger journal entry lines that use this account MUST have customer information.
- E. When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
Correct Answer: A,D,E 🗳️
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You have created an Autocash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice.
-Discount = Earned Only -Late charges = NO -Receipt = $900 -Receipt date = 14-Feb-2010 -Discount Grace Days = 5
Which Transaction will be applied to the receipt?
- A. Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2010, Due Date: 28-Feb 2010
- B. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Fob-2010, Due Date 24-Feb-2010
- C. Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010. Due Date 28-Feb-2010
- D. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010, Due Date: 20-Feb-2010
Correct Answer: A 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
In the customer hierarchy of ABC Corporation, ABC Worldwide is the parent company of ABC USA and ABC Japan. ABC West is a subsidiary of ABC USA. Select three valid statements if the ABC corporation hierarchy is assigned to a Pay Below Paying relationship.
- A. ABC Worldwide can pay for ABC USA, ABC Japan, ABC West, and its own transactions.
- B. ABC Japan can pay tor ABC West, ABC USA, and its own transactions.
- C. ABC USA can pay for ABC Worldwide, ABC West, and its own transactions.
- D. ABC Japan can pay its own transactions.
- E. ABC USA can pay for ABC West and its own transactions.
Correct Answer: A,D,E 🗳️
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