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Oracle 1z0-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receipt Processing and Application | 20% | - Receipt Application
|
| Customer Management | 20% | - Credit Management
|
| Transaction Processing | 25% | - Invoicing
|
| Receivables Setups | 22% | - System Options
|
| Collections and Period Close | 13% | - Period Close
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Question 1
What are the two parameters on which Collectors can create and save customer lists?
A. Currency
B. Aging Bucket
C. Priority
D. Work Status
Question 2
Select three valid statements related to the Shared Service Model.
A. Shared Service Personnel can process invoices for various business units.
B. Shared Service Personnel can report data across all business units but can enter transactions ONLY against one business unit.
C. Shared Service Personnel can see customer account details across business units.
D. Shared Service Personnel can do cross-business unit cash application.
E. Shared Service Personnel can view Invoices across various business units.
Question 3
Your company has three sites defined in the system site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and site 2 at the account level. How will bills be generated?
A. Sites 1 and 2 activities will be included in a single bill.
B. Sites 2 and 3 activities will be included in a single bill.
C. Sites 1, 2, and 3 activities will be included in a single bill.
D. Sites l and 3 activities will be included in a single bill.
Question 4
Select three features that the Shared Service model provides to satisfy business needs.
A. Secures user access to business units data
B. Ability to view consolidated requisitions across business units
C. Ability to submit and view data across different ledgers
D. Supports access of asset Information across multiple asset books
E. Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.
Question 5
Which task does NOT belong to the task list Define Business Units?
A. Manage Set Assignments for Set Determinants.
B. Verify Service Clients.
C. Verify Data Role Generation for the Business Unit Business Function
D. Manage Service Provider Relationships.
Solutions:
| Question 1 Answer: C,D | Question 2 Answer: A,C,E | Question 3 Answer: A | Question 4 Answer: A,B,E | Question 5 Answer: C |
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