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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question 1

The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?

A. Pending Clearance
B. Pending Approval
C. Pending Confirmation
D. On Account Receipts
E. Unapplied Receipts

Question 2

What is the impact on transactions if you change the billing cycle for a customer of group of customers?

A. Existing transactions with NO activity retain the old billing cycle.
B. The billing cycle does NOT have any impact on new transactions.
C. New transaction after this change inherit the new billing cycle.
D. Existing transactions with activity adapt the; new billing cycle.

Question 3

Select a scenario that is NOT eligible for receipt reversal.

A. Reversing a receipt applied to a transaction with a chargeback that has been posted to UK-General Ledger
B. Reversing receipts that were applied to open receipts and both receipts have positive balance post reversal
C. Reversing a miscellaneous receipt
D. Reversing credit card refund receipts

Question 4

Which feature allows Collectors to comment on interactions with customers?

A. Client Application Components
B. Consumer Application Comments
C. Customer Application Comments
D. Common Application Components
E. Complex Application Components

Question 5

Identify the different dunning letter versions provided to the customer.

A. Regular, Medium, Hard
B. Soft, Regular, Hard
C. Regular, Final Demand, Medium
D. Final Demand, Soft, Medium

Solutions: