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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receivables Setups | 22% | - System Options
|
| Customer Management | 20% | - Customer Accounts
|
| Receipt Processing and Application | 20% | - Receipt Application
|
| Collections and Period Close | 13% | - Period Close
|
| Transaction Processing | 25% | - Revenue Management
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
When adding a customer and using profile classes to organize the customer accounts, which three options are true?
- A. Updates applied to a particular account or site effect the profile class record.
- B. Fusion Receivables assigns a DEFAULT profile class when creating an account site.
- C. Fusion Receivables assigns the profile class DEFAUIT when creating a customer account.
- D. Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.
- E. Profile class updates and assignments are managed using effective date ranges.
- F. Receivables allows customized details of the profile class once the profile class has been assign to an account or site.
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Select three features that the Shared Service model provides to satisfy business needs.
- A. Ability to view consolidated requisitions across business units
- B. Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.
- C. Ability to submit and view data across different ledgers
- D. Supports access of asset Information across multiple asset books
- E. Secures user access to business units data
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Which statement is TRUE regarding Time Zone Derivation Rules for Transactions?
- A. Time zone is derived from the legal entity associated ONLY lo the default, business unit of the transaction.
- B. Time zone conversion applies to the transaction date and adjustment date and NOT the accounting date on transactions.
- C. If there is a legal entity associated with the business unit used on the transaction, then the system date is used.
- D. Time zone rules apply to invoices, credit memos, on account credit memos, debit memos, chargebacks, and adjustments.
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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. Business unit level changes will NOT Impact the display of delinquent customers on the dashboard.
- D. Changing the Collector impacts the individual working with the delinquent customer.
- E. Making changes In the Profile tab Impacts the collection process.
You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions. What parameters are used to summarize the exceptions for review?
- A. Business Unit, Customer Name, Transaction Source, Total Amount
- B. Business Unit, Transaction Source, Creation Date, Currency
- C. Business Unit, Transaction Source, Transaction Type, Creation Date
- D. Business Unit, Transaction Type, Invoice Date, Currency
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