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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. Identify two late charge interest calculation methods.

A) Previous Balance
B) Adjusted Balance
C) Average Daily Balance
D) Overdue Transactions

2. A customer calls into the Accounts Receivables Department asking for the balance of all invoices due in the next 30 days and has a question about a specific invoice line. As a Billing Specialist what action will you perform?

A) Create an open debit memo.
B) Apply, reverse, or process the receipt.
C) Review the invoice in the Review Customer Account Details user interface.
D) Review receipt-, in pending status

3. The Accounts Receivable Specialist associated duty include which three duties?

A) Payment Settlement Management Duty
B) Receipt Creation Duty
C) Trading Community Hierarchy Management Duty
D) Import Payables invoices Duty
E) Receivables Accounting Duty

4. The Collections Dashboard is comprised of the____________.

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

5. What is true about the aged dunning method?

A) Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent.
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) The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket.

Solutions: