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Oracle 1z1-506 Exam Syllabus Topics:

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

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          1. What are the three Multiple Receipt Creation Methods available?

                                                          A) Automatic
                                                          B) Standard remittance
                                                          C) Factor remittance
                                                          D) Manual receipt creation
                                                          E) Lock box


                                                          2. Select three values that the dunning letter generation program includes.

                                                          A) Credit memo
                                                          B) Invoice
                                                          C) Unapplied
                                                          D) Debit memo
                                                          E) Prepayments


                                                          3. The Collections Manager is identifying delinquent transactions, while submitting the Determine
                                                          Delinquency lining Scoring program, in which business unit will the collections Manager be able to view the parameters list?

                                                          A) All business units in the organization
                                                          B) Only those business units for which there are delinquent customers
                                                          C) Only the business unit to which the user belongs
                                                          D) Only those business units for which the user has access


                                                          4. Dunning can be configured using ___________.

                                                          A) only one business unit
                                                          B) can NOT be configured by business units
                                                          C) both by single business unit or multiple business units
                                                          D) only multiple business units


                                                          5. Which two preference definitions determines the default values during the collection process?

                                                          A) Preference set
                                                          B) Display of open transactions
                                                          C) Default contact for unknown dunning recipients
                                                          D) Default exchange rate
                                                          E) Default aging method


                                                          Solutions:

                                                          Question # 1
                                                          Answer: A,B,C
                                                          Question # 2
                                                          Answer: B,C,D
                                                          Question # 3
                                                          Answer: D
                                                          Question # 4
                                                          Answer: C
                                                          Question # 5
                                                          Answer: C,D

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