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Oracle Fusion Financials 11g Accounts Receivable Essentials - 1z0-506 real prep

1z0-506
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Sep 22, 2024
  • Q & A: 123 Questions and Answers
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About Oracle 1z0-506: Oracle Fusion Financials 11g Accounts Receivable Essentials

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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the Manage Transactions user interface to enter the correct transaction. Which two actions does the Manage Transactions user interface allow you to perform for the Rebill task?

A) Duplicate the original transaction.
B) Incomplete the transaction.
C) Create a credit memo.
D) Reverse the Transaction.
E) Correct the unit price.


2. The rules applicable to issue refunds are____________. Select two.

A) You can issue a credit card refund to a customer who has made a cash payment.
B) You can refund receipts that were either remitted or cleared.
C) You can refund receipts that are factored.
D) You can NOT refund more than either the original receipt amount or the remaining unapplied amount.


3. Identify the different dunning letter versions provided to the customer.

A) Regular, Medium, Hard
B) Final Demand, Soft, Medium
C) Soft, Regular, Hard
D) Regular, Final Demand, Medium


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


5. Your Subledger Accountants are attempting to import their journals to the general ledger at the end of the period. The Journal import processes have completed with a warning and no Journals were generated. Which three steps would you take to troubleshoot this?

A) Delete the related data on the GL interface table.
B) Resend the transactions from the subledgers.
C) Run the Journal Import for all the group IDs.
D) Confirm that data was sent from the subledger.
E) Verify the output of the Journal Import Request


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: B,D
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: A,C,E

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