PDF Version DemoOracle 1z1-506 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g Accounts Receivable Essentials |
| Exam Number: | 1Z0-506 |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 123-128 |
| Available Languages: | English |
| Sample Questions: | Oracle 1z1-506 Sample Questions |
| Exam Way: | Computer-based exam (proctored testing center or online proctoring depending on Oracle certification delivery at the time) |
Oracle 1z1-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Billing and Revenue Management | - Bill presentment architecture - Process billing transactions - Billing dashboard analysis - Revenue management |
| Topic 2: Overview of Receivables | - Customer management in Accounts Receivable - Shared service model configuration - Reference data sets configuration - Receivables dashboard analysis |
| Topic 3: Other Accounts Receivable Topics | - Write-offs, adjustments, and chargebacks - Late charges usage - Period close process setup - Subledger accounting configuration |
| Topic 4: Collections | - Dispute handling management - Collection preferences setup - Customer correspondence process - Collections dashboard functionality - Delinquency process deployment |
| Topic 5: Receipt Management | - Customer refunds management - Receipt dashboard usage - Funds capture definition - Receipt processing |
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. What information does the Collector see in the Activities List area of the Collections Dashboard?
A) Information about customers who have overdue bills
B) Status of processing activities from the Process Monitor
C) Tasks assigned to the Collector, such as follow up calls
D) Customer search as per the parameters specified
2. What is the grouping order used to group transaction lines during the Autoinvoice Import process?
A) transaction Source, Customer Site Profile, Customer Account Profile, system options
B) Transaction Source, Customer Account Profile, Customer Site Profile, system options
C) Transaction Source, Customer Account Profile, system options. Customer Site Profile
D) System options. Customer Site Profile, Transaction Source, Customer Account Profile
3. Your company has three sites defined in the system site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and site 2 at the account level. How will bills be generated?
A) Sites 2 and 3 activities will be included in a single bill.
B) Sites 1, 2, and 3 activities will be included in a single bill.
C) Sites 1 and 2 activities will be included in a single bill.
D) Sites l and 3 activities will be included in a single bill.
4. Which are the two interface tables that transaction data will be imported to when using the Autoinvoice Feature?
A) AR_INTERFACE_CONTS_ALL
B) AR_INTERFACE_CONT_ALL
C) RA_INTERFACE_DIST_ALL
D) RA_INTERFACE_SALES_ALL
E) RA_INTERFACE_DISTRIBUTIONS_ALL
5. You have created payment terms and associated them with the reference data set. Business unit X has a set assignment of Enterprise set for payment terms.
Payment Term = Net 30, Reference Data Set = Enterprise Set
Payment Term = Net 45, Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30, Reference Data Set = USA Set
Payment Term = Net 45, Reference Data Set = USA Set
If an Invoice is raised under business unit X.
Which payment terms are applicable to the transaction?
A) Net 30 (Enterprise Set). Net 45 (USA Set)
B) Net 30 (Enterprise Set), Net 45 (Enterprise Set)
C) 1%/10 Net 30 (USA Set), Net 45 (USA Set)
D) Net 45 (Enterprise Set), Net 45 (USA Set)
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D,E | Question # 5 Answer: B |
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