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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. After reviewing an incomplete invoice, the Billing Manager clicked the Complete Button In the Transactions Window. What changes will this action create? Select three.

A) The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
B) The invoice is eligible for transfer to the General Ledger.
C) Payment schedules get created using the payment terms specified.
D) The invoice can now be printed.
E) The invoice gets send for a dunning follow-up.

2. The Collections Dashboard is comprised of the____________.

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

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

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

4. Collections Dashboard is an Interactive Work Status tool that helps to prioritize and find items that need attention.
Which is a valid Work Status as defined in the Collections Dashboard?

A) Closed
B) Open
C) Under Process
D) New

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

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

Solutions: