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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. What are the three steps required to implement the Lockbox feature?

A) Set up credit card refunds.
B) Set up Lockbox and Lockbox Transmission Formats.
C) Set up Receipt Classes and Receipt Methods.
D) Set up Receipt Sources.
E) Set up late charges.

2. The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

A) Transaction aging tab
B) Transaction Details tab
C) Transactions tab
D) Customer Aging tab

3. Select three features that the Shared Service model provides to satisfy business needs.

A) Secures user access to business units data
B) Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.
C) Ability to submit and view data across different ledgers
D) Supports access of asset Information across multiple asset books
E) Ability to view consolidated requisitions across business units

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

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

5. A Collections Agent wants to verify that the delinquency status are accurately assigned and all the dependent processes have occurred. Which three options are true in this scenario?

A) If strategies are used, go to the Collector's Work Queue and verify that the strategy work items are listed.
B) Go to the Collector's Work Queue and see whether the delinquent accounts are listed under the Delinquent Accounts node.
C) Navigate to the Transactions tab to verify that the open work items are listed.
D) Select the Collections window to see the dunning events that have occurred.
E) Navigate to the Collections tab to find all delinquencies In the Collection Header.

Solutions: