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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. In what scenario would you delete the receipt?

A) The receipt has been applied to the wrong transaction.
B) The receipt has been created but NOT yet applied to the transaction.
C) The payment needs to be returned to the customer.
D) No payment is received from the customer for the receipt amount.

2. When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A) Manually using Chargeback Reversal activities
B) Manually using the Adjustment Reversal
C) Manually, but WITHOUT using Adjustment Reversal and Chargeback Reversal activities
D) Automatically, but WITHOUT using the Adjustment Reversal and Chargeback Reversal activities
E) Automatically using the Adjustment Reversal and Chargeback Reversal activities

3. What is the impact on transactions if you change the billing cycle for a customer of group of customers?

A) Existing transactions with NO activity retain the old billing cycle.
B) New transaction after this change inherit the new billing cycle.
C) The billing cycle does NOT have any impact on new transactions.
D) Existing transactions with activity adapt the; new billing cycle.

4. 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.

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

Solutions: