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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Billing and Revenue Management | - Bill presentment architecture - Revenue management - Process billing transactions - Billing dashboard analysis |
| Collections | - Collections dashboard functionality - Customer correspondence process - Collection preferences setup - Dispute handling management - Delinquency process deployment |
| Overview of Receivables | - Reference data sets configuration - Customer management in Accounts Receivable - Shared service model configuration - Receivables dashboard analysis |
| Receipt Management | - Customer refunds management - Receipt dashboard usage - Receipt processing - Funds capture definition |
| Other Accounts Receivable Topics | - Late charges usage - Write-offs, adjustments, and chargebacks - Subledger accounting configuration - Period close process setup |
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
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. $105.33
- B. $100
- C. $1,580
- D. $300
Correct Answer: B 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.
- A. The transaction is partially paid.
- B. The transaction balance is zero.
- C. The transaction date falls in a closed period.
- D. The transaction type is NOT associated to a credit memo type.
Correct Answer: D 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Which three duties are associated with the Payment Management Specialist role?
- A. Create receivables refund.
- B. Receipt creation duty.
- C. Create receivables credit card charge back.
- D. Billing inquiry duty.
- E. Create receivables credit card refund.
Correct Answer: A,B,C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Select two values that are set up in Correspondence Configuration.
- A. Exclude from dunning
- B. Dunning letter options
- C. Dunning configuration set
- D. Rerun the dunning process
Correct Answer: B,C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
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
Correct Answer: A,C,D 🗳️
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