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Oracle 1z0-506 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question 1

For refund requests, Autoinvoice automatically places the on-account amount of a refund request if ____________ and ____________.

A. the receipt to be refunded has NOT yet been remitted
B. installments that existed on the transaction were fully paid
C. receipts with different payment types were used to pay the same transaction to be credited
D. the receipt does NOT have on account credit memo against it

Question 2

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

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

Question 3

The Billing Specialist has entered an invoice in a foreign currency. After completing the invoice she realized that she has to adjust the conversion rate on the transaction. The invoice is already paid and has a receipt applied to it. Which is the setup that is NOT relevant to the Billing Specialist?

A. Adjust the conversion rate.
B. Reverse the transaction.
C. Incomplete the transaction.
D. Recreate the transaction at a new rate.

Question 4

Identify two credit memo options.

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

Question 5

You have created payment terms and associated them with the reference data set. Business unit X has a set assignment of Enterprise set for payment terms.
Payment Term = Net 30, Reference Data Set = Enterprise Set
Payment Term = Net 45, Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30, Reference Data Set = USA Set
Payment Term = Net 45, Reference Data Set = USA Set
If an Invoice is raised under business unit X.
Which payment terms are applicable to the transaction?

A. Net 30 (Enterprise Set). Net 45 (USA Set)
B. Net 45 (Enterprise Set), Net 45 (USA Set)
C. Net 30 (Enterprise Set), Net 45 (Enterprise Set)
D. 1%/10 Net 30 (USA Set), Net 45 (USA Set)

Solutions: