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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The rules applicable to issue refunds are____________. Select two.

A) You can issue a credit card refund to a customer who has made a cash payment.
B) You can refund receipts that were either remitted or cleared.
C) You can refund receipts that are factored.
D) You can NOT refund more than either the original receipt amount or the remaining unapplied amount.

2. Tables for the Customer Master are owned by ____________.

A) Oracle Fusion Trading Community Architecture
B) Oracle Fusion Customer Relationship Management
C) Oracle Fusion Distributed Order Orchestration
D) Oracle Fusion Receivables

3. The Accounts Receivables Specialist, while reviewing a customer account, saw a customer complaint about a percentage that was NOT applied to an invoice. The Accounts Receivables Specialist decides to initiate a dispute process for this transaction. What is the action he has to perform to invoke the dispute?

A) Navigate to the Review and Manage Transaction Page-and invoke the dispute.
B) Navigate to the Review Customer Accounts Details user interface and invoke the dispute.
C) Navigate to the Manage Revenue Adjustments Page and invoke the dispute.
D) Navigate to the Collections Workbench page and invoke the dispute.

4. What are the two parameters on which Collectors can create and save customer lists?

A) Aging Bucket
B) Priority
C) Currency
D) Work Status

5. A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?

A) The program creates adjustments only for the amounts within his approval limit
B) The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.
C) The program can only be run if the amount is within his approval limits.
D) The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.

Solutions: