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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

2. Select the true statement about Balance Forward Billing.

A) Balance Forward Bill must be enabled at each bill-to site level.
B) Transactions included on a Balance Forward Bill can be updated.
C) Balance Forward Bill of a previous cycle need NOT be generated as Final to generate the balance Forward Bill of the current cycle.
D) Balance Forward Bills tan be created for a future date.

3. Which two Collection Preferences can be selected as the default transaction class for the transaction tab?

A) Deposit
B) Guarantee
C) Debit Memo
D) Charge back
E) Credit Memo

4. The client has implemented revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and acceptance clause (100 days). Explain when revenue will be recognized.

A) Recognized Immediately
B) Recognized after 60 days
C) Recognized only after manual intervention
D) Recognized after 100 days

5. The default dunning contact name can be specified in the __________.

A) Dunning Configuration Details in the Manage Dunning Configuration
B) Global Preferences in the Manage Collection Preferences
C) Create Dunning Configuration in the Manage Dunning Configuration
D) Preferences in the Manage Collection Preferences

Solutions: