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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. A company operates in a country with strict legislative requirements that requires the legal entity to maintain its accounting data separate from other legal entities within the company. How will you assign legal entitles during the accounting configuration?

A) One legal entity per primary ledger
B) One legal entity per ledger
C) Multiple legal entities sharing the same ledger
D) One legal entity for ALL ledgers

2. What is true about the aged dunning method?

A) The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket.
B) Multiple aged dunning letters are sent to the same customer who has more than one delinquent transaction.
C) Aged dunning sends dunning letters based on the age of the oldest transaction.
D) Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent.

3. Select three valid statements related to the Shared Service Model.

A) Shared Service Personnel can report data across all business units but can enter transactions ONLY against one business unit.
B) Shared Service Personnel can do cross-business unit cash application.
C) Shared Service Personnel can view Invoices across various business units.
D) Shared Service Personnel can see customer account details across business units.
E) Shared Service Personnel can process invoices for various business units.

4. A dunning letter issued at the customer business operational-level includes which transactions?

A) Only account level transactions.
B) Customer-, account-, AND bill-to-location level transactions
C) Only bill-to-location-level transactions
D) Only customer-level transactions

5. The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

A) Transactions tab
B) Transaction aging tab
C) Customer Aging tab
D) Transaction Details tab

Solutions: