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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Transaction Processing | 25% | - Revenue Management
|
| Topic 2: Collections and Period Close | 13% | - Collections Management
|
| Topic 3: Receivables Setups | 22% | - Receipts Setup
|
| Topic 4: Receipt Processing and Application | 20% | - Receipt Application
|
| Topic 5: Customer Management | 20% | - Credit Management
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Identify two late charge interest calculation methods.
- A. Average Daily Balance
- B. Overdue Transactions
- C. Previous Balance
- D. Adjusted Balance
Correct Answer: A,B 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Identify the different dunning letter versions provided to the customer.
- A. Soft, Regular, Hard
- B. Regular, Final Demand, Medium
- C. Final Demand, Soft, Medium
- D. Regular, Medium, Hard
Correct Answer: A 🗳️
Select a scenario that is NOT eligible for receipt reversal.
- A. Reversing a miscellaneous receipt
- B. Reversing receipts that were applied to open receipts and both receipts have positive balance post reversal
- C. Reversing a receipt applied to a transaction with a chargeback that has been posted to UK-General Ledger
- D. Reversing credit card refund receipts
Correct Answer: C 🗳️
AutoCash rules apply to__________.
- A. credit card
- B. QuickCash
- C. manual receipts
- D. automatic receipts
Correct Answer: D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Your Subledger Accountants are attempting to import their journals to the general ledger at the end of the period. The Journal import processes have completed with a warning and no Journals were generated. Which three steps would you take to troubleshoot this?
- A. Verify the output of the Journal Import Request
- B. Confirm that data was sent from the subledger.
- C. Run the Journal Import for all the group IDs.
- D. Resend the transactions from the subledgers.
- E. Delete the related data on the GL interface table.
Correct Answer: A,C,E 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
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