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Oracle 1z1-506 Exam Syllabus Topics:

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

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          1. Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-seeded templates are available?

                                                          A) 5
                                                          B) 8
                                                          C) 6
                                                          D) 4


                                                          2. The Billing manager has navigated to the Billing Work Area to complete a transaction. The Incomplete transactions Overview Region on the Billing Work Area page has a drilldown option through which column to complete the transaction?

                                                          A) Transaction Number
                                                          B) Transaction Date
                                                          C) Transaction Class
                                                          D) transaction Source


                                                          3. Which two display columns that impact the Collections Dashboard are defined in the Global Setup Preference Region?

                                                          A) Default exchange rate
                                                          B) Display of open transactions
                                                          C) Default transaction class
                                                          D) Display of closed receipts
                                                          E) Display of customer profile


                                                          4. Which transaction will be included when selecting transactions of specified customers in the Create Balance Forward Billing Program?

                                                          A) Transactions that have the selected payment terms
                                                          B) Transactions that have a Bill Type of Imported
                                                          C) Transactions that have the Print Option set to Do Not Print
                                                          D) Transactions that were included on a previous Balance Forward Bill


                                                          5. What option is available for the Collection manager for viewing customer data in the Delinquent Customer Region on the collections Work Area pages?

                                                          A) Query by Example
                                                          B) Export to Excel
                                                          C) PDF view
                                                          D) Export to HTML


                                                          Solutions:

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

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