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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. 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) Multiple legal entities sharing the same ledger
D) One legal entity for ALL ledgers

2. A dunning letter issued at the customer business operational-level includes which transactions?

A) Customer-, account-, AND bill-to-location level transactions
B) Only bill-to-location-level transactions
C) Only account level transactions.
D) Only customer-level transactions

3. Identify two credit memo options.

A) Tax only
B) Advance
C) Invoice lines
D) Paid freight
E) Paid amount only

4. A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open Invoices, but some of the amounts have exceeded his approval limits, what will be the result?

A) The program creates the adjustments with a status of Rejected for the amount that exceeds his approval limits.
B) The program can only be run if the amount is within his approval limits.
C) The program creates adjustments only for the amounts within his approval limit
D) The program creates the adjustments with a status of Pending Approval for the amount that exceeds his approval limits.

5. An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

A) The report is always ad hoc.
B) Interactive reports ALWAYS require an ESS program to be run.
C) The user can NOT drill down from the Interactive reports user interface
D) The user can enter parameters to limit the information to be included.

Solutions: