• Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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Oracle 1z0-506 Exam Syllabus Topics:

SectionObjectives
Collections and Credit Management- Credit Management
  • 1. Credit Limits
    • 2. Credit Profiles
      - Collections
      • 1. Collection Strategies
        • 2. Delinquency Management
          Reporting and Period Close- Period Close
          • 1. Reconciliation
            • 2. Close Process
              - Reporting
              • 1. Analytics and Dashboards
                • 2. Receivables Reports
                  Receipts and Cash Management- Receipt Application
                  • 1. Adjustments and Refunds
                    • 2. Applying Receipts
                      - Receipt Processing
                      • 1. Manual Receipts
                        • 2. Automatic Receipts
                          • 3. Receipt Methods
                            Customer and Account Management- Customer Data
                            • 1. Customer Profiles
                              • 2. Customer Accounts
                                • 3. Account Sites
                                  Enterprise and Receivables Configuration- Receivables System Options
                                  • 1. Transaction Sources
                                    • 2. Document Sequencing
                                      - Enterprise Structures
                                      • 1. Ledgers and Legal Entities
                                        • 2. Business Units
                                          • 3. Reference Data Sets
                                            Receivables Implementation Overview- Oracle Fusion Financials Architecture
                                            • 1. Receivables Business Flow
                                              • 2. Integration with Other Financial Modules
                                                Transaction Processing- Accounting
                                                • 1. AutoAccounting
                                                  • 2. Subledger Accounting
                                                    - Billing and Invoicing
                                                    • 1. Debit Memos
                                                      • 2. Credit Memos
                                                        • 3. Invoices

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-seeded templates are available?

                                                          • A. 4
                                                          • B. 8
                                                          • C. 5
                                                          • D. 6
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A  🗳️

                                                          What are the three validation steps required for implementing dispute processing?

                                                          • A. Transaction types are set up with appropriate Credit Memo types.
                                                          • B. The Recognize Revenue program is scheduled.
                                                          • C. Periods for which the transaction can be disputed are Open.
                                                          • D. BPM Work List for approval configuration is validated.
                                                          • E. The Document Sequencing required is set up.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A,C,D  🗳️

                                                          Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

                                                          Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

                                                          • A. Cash account on the receipt
                                                          • B. Revenue Account Specified in Debit Memo transaction type
                                                          • C. Revenue account of the original transaction to which the receipt is applied
                                                          • D. Auto Accounting Rule for revenue line type
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A  🗳️

                                                          Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

                                                          Select a scenario that is NOT eligible for receipt reversal.

                                                          • A. Reversing receipts that were applied to open receipts and both receipts have positive balance post reversal
                                                          • B. Reversing credit card refund receipts
                                                          • C. Reversing a miscellaneous receipt
                                                          • D. Reversing a receipt applied to a transaction with a chargeback that has been posted to UK-General Ledger
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: D  🗳️

                                                          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 need not 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 customer subledger third party balances will be updated when Journal is completed to Draft Status.
                                                          • E. The subledger journal entry lines that use this account MUST have customer information.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B,C,E  🗳️

                                                          Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

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