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Oracle 1z0-506 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Period Close- Reporting
  • 1. Analytics and Dashboards
    • 2. Receivables Reports
      - Period Close
      • 1. Close Process
        • 2. Reconciliation
          Topic 2: Receipts and Cash Management- Receipt Processing
          • 1. Automatic Receipts
            • 2. Receipt Methods
              • 3. Manual Receipts
                - Receipt Application
                • 1. Applying Receipts
                  • 2. Adjustments and Refunds
                    Topic 3: Enterprise and Receivables Configuration- Enterprise Structures
                    • 1. Business Units
                      • 2. Reference Data Sets
                        • 3. Ledgers and Legal Entities
                          - Receivables System Options
                          • 1. Transaction Sources
                            • 2. Document Sequencing
                              Topic 4: Customer and Account Management- Customer Data
                              • 1. Customer Profiles
                                • 2. Customer Accounts
                                  • 3. Account Sites
                                    Topic 5: Receivables Implementation Overview- Oracle Fusion Financials Architecture
                                    • 1. Integration with Other Financial Modules
                                      • 2. Receivables Business Flow
                                        Topic 6: Collections and Credit Management- Credit Management
                                        • 1. Credit Limits
                                          • 2. Credit Profiles
                                            - Collections
                                            • 1. Delinquency Management
                                              • 2. Collection Strategies
                                                Topic 7: Transaction Processing- Billing and Invoicing
                                                • 1. Credit Memos
                                                  • 2. Invoices
                                                    • 3. Debit Memos
                                                      - Accounting
                                                      • 1. AutoAccounting
                                                        • 2. Subledger Accounting

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          1. An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

                                                          A) The report is always ad hoc.
                                                          B) The user can enter parameters to limit the information to be included.
                                                          C) Interactive reports ALWAYS require an ESS program to be run.
                                                          D) The user can NOT drill down from the Interactive reports user interface


                                                          2. You have entered invoices using the Autoinvoicing Feature. How can you review the records that are in error?

                                                          A) Click the Number of Errors link in the Autoinvoice error region to open a workbook with the specific error record.
                                                          B) Click the View Autoinvoice Lines link to open a workbook wild the specific error record.
                                                          C) Click the View Error Details link in the Autoinvoice errr region to open a workbook with the specific: error record.
                                                          D) Click the Manage Autoinvoice Lines link to open a workbook with the specific error record.


                                                          3. You have run the delinquency process for a customer and have navigated to the transactions tab to view the status. Why is the status for the transactions blank?

                                                          A) The status of the current or paid in full transactions appear as blank.
                                                          B) There was an error when updating the status during the delinquency process. Fix it and rerun the process.
                                                          C) The status of the past due transactions appear as blank.
                                                          D) The transaction status is NOT automatically updated when the process runs.


                                                          4. Select three values that the dunning letter generation program includes.

                                                          A) Debit memo
                                                          B) Invoice
                                                          C) Credit memo
                                                          D) Prepayments
                                                          E) Unapplied


                                                          5. Which task does NOT belong to the task list Define Business Units?

                                                          A) Manage Service Provider Relationships.
                                                          B) Manage Set Assignments for Set Determinants.
                                                          C) Verify Data Role Generation for the Business Unit Business Function
                                                          D) Verify Service Clients.


                                                          Solutions:

                                                          Question # 1
                                                          Answer: B
                                                          Question # 2
                                                          Answer: A
                                                          Question # 3
                                                          Answer: B
                                                          Question # 4
                                                          Answer: A,B,E
                                                          Question # 5
                                                          Answer: C

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