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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. Which two options are features of the Create Automatic Receipts Write-Off program?

A) Create write-offs for overpayment and underpayment amounts.
B) Schedule periodic write offs as receipt adjustments for small remaining balances.
C) Create write-offs for overpayment amount.
D) It is NOT mandatory to set up a write-off account in your receivables activity.

2. The Customer Search feature in the Collections Dashboard allows collectors to find a customer by ____________.

A) Acccount
B) Bill-to
C) Customer name, account, or bill-to
D) Customer name

3. Dunning can be configured using ___________.

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

4. What are the three valid statements related to third-party control accounts that have the type Customer?

A) The customer subledger third party balances will be updated when Journal is completed to Draft Status.
B) When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
C) The subledger journal entry lines that use this account MUST have customer information.
D) The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.
E) The subledger Journal entry lines that use this account need not have customer information

5. ABC, Inc. has business units A and B.
ABC, Inc. acquires XYZ Corporation and adds business unit C.
The Receivable Manager can see only transactions for business units A and B, but NOT C.
Why is business unit C NOT visible to the Receivables Manager?

A) Business units A and B belong lo different ledgers than business unit
B) The Receivable Manager is NOT assigned with a data role relevant to business unit C.
C) Business units A and B represent different legal entities as compared to business unit C.
D) Business units A and C belong to different subledgers than business unit C.

Solutions: