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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Receivables Setups | 22% | - Receipts Setup
|
| Topic 2: Transaction Processing | 25% | - Invoicing
|
| Topic 3: Collections and Period Close | 13% | - Period Close
|
| Topic 4: Customer Management | 20% | - Customer Accounts
|
| Topic 5: Receipt Processing and Application | 20% | - Receipt Application
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. What is the impact on transactions if you change the billing cycle for a customer of group of customers?
A) New transaction after this change inherit the new billing cycle.
B) Existing transactions with activity adapt the; new billing cycle.
C) The billing cycle does NOT have any impact on new transactions.
D) Existing transactions with NO activity retain the old billing cycle.
2. In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance. Select the valid accounting entry that would be generated when receipts are cleared.
A) The Short term debt account is debited and the Factoring account is credited.
B) The Cash and Bank charges accounts are debited and the Factoring account is credited
C) The Factoring account is debited and the Short term debt account is credited.
D) The Cash and Bank charges accounts are debited and the Short term debt account is credited
3. The Accounts Receivable Specialist associated duty include which three duties?
A) Import Payables invoices Duty
B) Trading Community Hierarchy Management Duty
C) Receipt Creation Duty
D) Receivables Accounting Duty
E) Payment Settlement Management Duty
4. The collections Manager wants to see a summary of delinquency data for a specific customer. Which tab will display the summary delinquency data?
A) Contacts tab
B) Profile lab
C) Customer Aging tab
D) Transactions lab
5. The interactive Receivables to General ledger Reconciliation Report allows reconciliation.
A) only by ledger
B) only by specific organization
C) by ledger, specific organization, OR account balancing segment
D) only by account balancing segment
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C,D,E | Question # 4 Answer: C | Question # 5 Answer: A |
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