Oracle 1z0-506 : Oracle Fusion Financials 11g Accounts Receivable Essentials

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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

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

2. Which two Collection Preferences can be selected as the default transaction class for the transaction tab?

A) Deposit
B) Charge back
C) Debit Memo
D) Guarantee
E) Credit Memo

3. Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

A) Revenue Account Specified in Debit Memo transaction type
B) Revenue account of the original transaction to which the receipt is applied
C) Cash account on the receipt
D) Auto Accounting Rule for revenue line type

4. You are an Accounts Receivables Manager and you have the Receivables Inquiry Duty role attached to your Job Role. What tasks are you allowed to perform under this duty role?

A) View Receivables Credit Memos
B) View Receivables Receipts
C) View Receivables Invoices
D) Review Customer Account Activities
E) Dispute Receivable transactions

5. You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the Manage Transactions user interface to enter the correct transaction. Which two actions does the Manage Transactions user interface allow you to perform for the Rebill task?

A) Incomplete the transaction.
B) Correct the unit price.
C) Create a credit memo.
D) Reverse the Transaction.
E) Duplicate the original transaction.

Solutions: