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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question 1

An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.

A. Earned revenue will be debited for $50.
B. Earned revenue will be credited for $50.
C. Unearned revenue will be credited for $100.
D. Unearned revenue will be debited for $50.

Question 2

Your company operates in an environment of a highly inflationary economy and fluctuating exchange rates.
Which data conversion level should you use?

A. Subledger Level or Journal Level
B. Only Subledger Level
C. Only Journal Level
D. Balance Level
E. Adjustment Only

Question 3

Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?

A. Transaction exclusion can NOT be done during the creation of a transaction.
B. Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.
C. Transaction exclusion can be done during creation of the transaction.
D. Transaction exclusion for a statement can be done at each transaction level.

Question 4

Identify the different dunning letter versions provided to the customer.

A. Regular, Medium, Hard
B. Regular, Final Demand, Medium
C. Final Demand, Soft, Medium
D. Soft, Regular, Hard

Question 5

Which task does NOT belong to the task list Define Business Units?

A. Verify Service Clients.
B. Manage Set Assignments for Set Determinants.
C. Manage Service Provider Relationships.
D. Verify Data Role Generation for the Business Unit Business Function

Solutions: