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Oracle 1z1-506 Exam Syllabus Topics:

SectionObjectives
Receipt Management- Funds capture definition
- Receipt dashboard usage
- Customer refunds management
- Receipt processing
Collections- Customer correspondence process
- Delinquency process deployment
- Collections dashboard functionality
- Collection preferences setup
- Dispute handling management
Overview of Receivables- Customer management in Accounts Receivable
- Reference data sets configuration
- Shared service model configuration
- Receivables dashboard analysis
Other Accounts Receivable Topics- Write-offs, adjustments, and chargebacks
- Period close process setup
- Subledger accounting configuration
- Late charges usage
Billing and Revenue Management- Revenue management
- Billing dashboard analysis
- Bill presentment architecture
- Process billing transactions

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Collections Dashboard is comprised of the____________.

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


2. A company has implemented a flat interest calculation late charges. Determine the late charge based on:
-Amount Overdue = $1,500 -Interest Rate = 20% -Days Overdue = 10 -Days in period = 30 -Outstanding Charges = $80

A) $1,580
B) $100
C) $105.33
D) $300


3. A customer calls into the Accounts Receivables Department asking for the balance of all invoices due in the next 30 days and has a question about a specific invoice line. As a Billing Specialist what action will you perform?

A) Apply, reverse, or process the receipt.
B) Review the invoice in the Review Customer Account Details user interface.
C) Create an open debit memo.
D) Review receipt-, in pending status


4. An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

A) The user can NOT drill down from the Interactive reports user interface
B) The user can enter parameters to limit the information to be included.
C) The report is always ad hoc.
D) Interactive reports ALWAYS require an ESS program to be run.


5. Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?

A) Transaction exclusion for a statement can be done at each transaction level.
B) Transaction exclusion can be done during creation of the transaction.
C) Transaction exclusion can NOT be done during the creation of a transaction.
D) Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: A

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