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Oracle 1z1-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question 1

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

A. Period, Business Unit, Type, Amount
B. Period, Business Unit, Transaction Type, Amount
C. Period, Business Unit, Status, Batch Type
D. Period, Business Unit, Transaction Source, Amount

Question 2

Select the two key system options related to customers.

A. Transaction Source
B. Reciprocal Customer
C. Customer Credit Classification
D. Default country
E. Receipt Method
F. Automatic Site Numbering

Question 3

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

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

Question 4

A company operates in a country with strict legislative requirements that requires the legal entity to maintain its accounting data separate from other legal entities within the company. How will you assign legal entitles during the accounting configuration?

A. One legal entity per ledger
B. One legal entity per primary ledger
C. One legal entity for ALL ledgers
D. Multiple legal entities sharing the same ledger

Question 5

What three Items must be set up in the Application Set Up Manager to facilitate refunds?

A. Non credit card refunds
B. Credit card refunds
C. Credit Card Chargeback
D. Automatic Receipt Handling
E. Late charges

Solutions: