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Oracle 1z1-506 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Transaction Processing | 25% | - Invoicing
|
| Topic 2: Receivables Setups | 22% | - System Options
|
| Topic 3: Receipt Processing and Application | 20% | - Receipt Creation
|
| Topic 4: Collections and Period Close | 13% | - Collections Management
|
| Topic 5: Customer Management | 20% | - Credit Management
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Identify the different dunning letter versions provided to the customer.
- A. Soft, Regular, Hard
- B. Final Demand, Soft, Medium
- C. Regular, Final Demand, Medium
- D. Regular, Medium, Hard
Correct Answer: A 🗳️
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 Journal Level
- C. Balance Level
- D. Adjustment Only
- E. Only Subledger Level
Correct Answer: E 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?
- A. Drilldown to see reconciling details
- B. Graphical and visualization components for viewing the reconciliation details
- C. Limiting the display using the ad hoc parameter
- D. Drilldown to see what needs to transfer and post to the general ledger
- E. The reasons for the reconciling differences
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?
- A. Incomplete Transaction
- B. Reverse the Transaction
- C. Complete and Review
- D. Create a New Transaction
Correct Answer: C 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?
- A. Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.
- B. Transaction exclusion can NOT be done during the creation of a transaction.
- C. Transaction exclusion can be done during creation of the transaction.
- D. Transaction exclusion for a statement can be done at each transaction level.
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).






