Oracle Fusion Financials 11g Accounts Receivable Essentials - 1z0-506 Exam Questions

A. The Revenue Adjustments Work Area for customer payment and credit application processing. B. The Receivables Balances Work Area for customer payment and credit application processing C. The Revenue Adjustments Work Area for contingencies affecting revenue recognition D. The Billing Work Area for invoicing and adjustment approval related activities E. The Receivables Balances Work Area for invoicing and adjustment approval related activities.

A. The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket. B. Multiple aged dunning letters are sent to the same customer who has more than one delinquent transaction. C. Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent. D. Aged dunning sends dunning letters based on the age of the oldest transaction.

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

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

A. Transaction aging tab B. Transactions tab C. Transaction Details tab D. Customer Aging tab

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

A. Standard remittance B. Automatic C. Factor remittance D. Manual receipt creation E. Lock box

A. Drill down to see details of what still needs to be transferred and posted to the General Ledger. B. Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering WITHOUT downloading to Excel. C. Drill down from any of the summarized Receivables and Accounting amounts to see the detailed activity. D. Drill down on the difference amounts to see specific reconciling items and the potential cause of the out of balance condition. E. Drill down to see reconciliation details and make reconciling for corrections.

A. By a Receivable Manager through the Reconciliation Work Area B. By a Collections Agent through the Advanced Collections application in the Customer Work Area C. By a Billing Manager through the Transaction UI in the Adjustment Work Area D. By a Billing Specialist through the Billing Work Area E. By an Account Receivables Specialist through the Receivables Balances Work Area

A. Ability to submit and view data across different ledgers B. Ability to view consolidated requisitions across business units C. Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access. D. Supports access of asset Information across multiple asset books E. Secures user access to business units data