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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Collections Dashboard is comprised of the____________.

A) Delinquent Customer list, Activities list
B) Delinquent Customer list, Activities list, Customer Search feature
C) Delinquent Customer list, Activities list, Process Monitor table
D) Delinquent Customer list, Activities list, Customer Search feature. Process Monitor table

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

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

3. What are the three valid statements related to third-party control accounts that have the type Customer?

A) The subledger journal entry lines that use this account MUST have customer information.
B) When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
C) The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.
D) The subledger Journal entry lines that use this account need not have customer information
E) The customer subledger third party balances will be updated when Journal is completed to Draft Status.

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

5. The drilldown option available in the task pane for receipts does NOT include ____________.

A) Correct Funds Transfer Errors
B) Lockbox Transmission History
C) Create Receipt via Spreadsheet
D) Create Remittance via Spreadsheet

Solutions: