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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. When adding a customer and using profile classes to organize the customer accounts, which three options are true?

A) Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.
B) Profile class updates and assignments are managed using effective date ranges.
C) Updates applied to a particular account or site effect the profile class record.
D) Fusion Receivables assigns the profile class DEFAUIT when creating a customer account.
E) Fusion Receivables assigns a DEFAULT profile class when creating an account site.
F) Receivables allows customized details of the profile class once the profile class has been assign to an account or site.

2. Which three steps of the Fund Capture Process are controlled by rules in the Fund Capture Process Profile?

A) Creation of routing rules
B) Formatting messages
C) Transmitting messages to the payment system
D) Creation of Settlement grouping rules
E) Building Settlements into a settlement batch

3. The Receivables Dashboard provides Information on Incomplete transactions. What are the parameters the dashboard uses to provide this information?

A) Period, Business Unit, Transaction Type, Amount
B) Period, Business Unit, Transaction Source, Amount
C) Period, Business Unit, Type, Amount
D) Period, Business Unit, Status, Batch 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 Receipts
B) Review Customer Account Activities
C) View Receivables Credit Memos
D) Dispute Receivable transactions
E) View Receivables Invoices

5. The drilldown option available in the task pane for receipts does NOT include ____________.

A) Correct Funds Transfer Errors
B) Create Receipt via Spreadsheet
C) Lockbox Transmission History
D) Create Remittance via Spreadsheet

Solutions: