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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Receipts and Cash Management | - Receipt Application
|
| Topic 2: Transaction Processing | - Billing and Invoicing
|
| Topic 3: Reporting and Period Close | - Period Close
|
| Topic 4: Customer and Account Management | - Customer Data
|
| Topic 5: Collections and Credit Management | - Credit Management
|
| Topic 6: Enterprise and Receivables Configuration | - Enterprise Structures
|
| Topic 7: Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. The Billing Specialist created and completed an invoice for $100 for Customer A.
She prints the invoice and realizes that the invoice should have been created for Customer B, not Customer A.
The accounting for the transaction for Customer A is posted to the General ledger. How can this be corrected?
A) Create an on account credit memo for $100 for the invoice and enter a new invoice for Customer
B) Create an adjustment for the entire amount and create a negative adjustment for Customer B.
C) Navigate to credit transaction link in the billing work area, credit the entire amount, and enter a new invoice for Customer B.
D) Change the status of invoice to incomplete, and enter a new invoice for Customer B.
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.
3. The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.
A) Customer Aging tab
B) Transactions tab
C) Transaction Details tab
D) Transaction aging tab
4. Select the two key system options related to customers.
A) Reciprocal Customer
B) Default country
C) Customer Credit Classification
D) Receipt Method
E) Transaction Source
F) Automatic Site Numbering
5. What three Items must be set up in the Application Set Up Manager to facilitate refunds?
A) Credit card refunds
B) Credit Card Chargeback
C) Non credit card refunds
D) Automatic Receipt Handling
E) Late charges
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A,D | Question # 5 Answer: A,C,D |

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