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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. Which task does NOT belong to the task list Define Business Units?

A) Manage Set Assignments for Set Determinants.
B) Manage Service Provider Relationships.
C) Verify Service Clients.
D) Verify Data Role Generation for the Business Unit Business Function

2. Identify two late charge interest calculation methods.

A) Overdue Transactions
B) Adjusted Balance
C) Average Daily Balance
D) Previous Balance

3. An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.

A) Earned revenue will be debited for $50.
B) Unearned revenue will be credited for $100.
C) Earned revenue will be credited for $50.
D) Unearned revenue will be debited for $50.

4. 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
C) Delinquent Customer list, Activities list
D) Delinquent Customer list, Activities list, Customer Search feature. Process Monitor table

5. Select three values that default from Customer Profile Classes.

A) Currency
B) Business Purpose
C) Payment Terms
D) Legal Entity
E) Statement Cycle

Solutions: