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Oracle 1z1-506 Exam Syllabus Topics:

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

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          1. Where is the summary delinquency data displayed on the Collections Dashboard?

                                                          A) Transactions tab
                                                          B) Correspondence tab
                                                          C) Customer Aging tab
                                                          D) Profiles tab


                                                          2. The communication information region in the customer account record is used to maintain what customer information?

                                                          A) Account Profiles
                                                          B) Account Relationships
                                                          C) Job Responsibilities
                                                          D) Payment Instruments


                                                          3. Identify two credit memo options.

                                                          A) Paid amount only
                                                          B) Paid freight
                                                          C) Advance
                                                          D) Invoice lines
                                                          E) Tax only


                                                          4. Which are the two interface tables that transaction data will be imported to when using the Autoinvoice Feature?

                                                          A) RA_INTERFACE_SALES_ALL
                                                          B) RA_INTERFACE_DIST_ALL
                                                          C) RA_INTERFACE_DISTRIBUTIONS_ALL
                                                          D) AR_INTERFACE_CONT_ALL
                                                          E) AR_INTERFACE_CONTS_ALL


                                                          5. An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

                                                          A) Interactive reports ALWAYS require an ESS program to be run.
                                                          B) The user can NOT drill down from the Interactive reports user interface
                                                          C) The report is always ad hoc.
                                                          D) The user can enter parameters to limit the information to be included.


                                                          Solutions:

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

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