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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The communication information region in the customer account record is used to maintain what customer information?

A) Account Relationships
B) Payment Instruments
C) Account Profiles
D) Job Responsibilities

2. An invoice was created with unit price error on one invoice item. What is the next step you perform form the Billing Work Area to correct this error?

A) Click the Manage Transaction link on the task pane and create a credit memo for the transaction.
B) Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.
C) Click the Create Transaction link on the task pane and create a new transaction with the right unit price.
D) Click the Credit Transaction link on the task pane and create a credit memo for the transaction.

3. ABC, Inc. has business units A and B.
ABC, Inc. acquires XYZ Corporation and adds business unit C.
The Receivable Manager can see only transactions for business units A and B, but NOT C.
Why is business unit C NOT visible to the Receivables Manager?

A) The Receivable Manager is NOT assigned with a data role relevant to business unit C.
B) Business units A and B represent different legal entities as compared to business unit C.
C) Business units A and C belong to different subledgers than business unit C.
D) Business units A and B belong lo different ledgers than business unit

4. For refund requests, Autoinvoice automatically places the on-account amount of a refund request if ____________ and ____________.

A) receipts with different payment types were used to pay the same transaction to be credited
B) the receipt does NOT have on account credit memo against it
C) installments that existed on the transaction were fully paid
D) the receipt to be refunded has NOT yet been remitted

5. Where is the summary delinquency data displayed on the Collections Dashboard?

A) Correspondence tab
B) Customer Aging tab
C) Transactions tab
D) Profiles tab

Solutions: