Certbus > Oracle > Oracle Applications > 1Z0-506 > 1Z0-506 Online Practice Questions and Answers

1Z0-506 Online Practice Questions and Answers

Questions 4

Select three valid statements related to the Shared Service Model.

A. Shared Service Personnel can view Invoices across various business units.

B. Shared Service Personnel can do cross-business unit cash application.

C. Shared Service Personnel can process invoices for various business units.

D. Shared Service Personnel can see customer account details across business units.

E. Shared Service Personnel can report data across all business units but can enter transactions ONLY against one business unit.

Browse 128 Q&As
Questions 5

In what scenario would you delete the receipt?

A. No payment is received from the customer for the receipt amount.

B. The payment needs to be returned to the customer.

C. The receipt has been applied to the wrong transaction.

D. The receipt has been created but NOT yet applied to the transaction.

Browse 128 Q&As
Questions 6

The default dunning contact name can be specified in the .

A. Global Preferences in the Manage Collection Preferences

B. Preferences in the Manage Collection Preferences

C. Create Dunning Configuration in the Manage Dunning Configuration

D. Dunning Configuration Details in the Manage Dunning Configuration

Browse 128 Q&As
Questions 7

The Collections Dashboard is comprised of the .

A. Delinquent Customer list, Activities list, Customer Search feature. Process Monitor table

B. Delinquent Customer list, Activities list, Customer Search feature

C. Delinquent Customer list, Activities list

D. Delinquent Customer list, Activities list, Process Monitor table

Browse 128 Q&As
Questions 8

Select the true statement about Balance Forward Billing.

A. Balance Forward Bills tan be created for a future date.

B. Transactions included on a Balance Forward Bill can be updated.

C. Balance Forward Bill must be enabled at each bill-to site level.

D. Balance Forward Bill of a previous cycle need NOT be generated as Final to generate the balance Forward Bill of the current cycle.

Browse 128 Q&As
Questions 9

The Customer Search feature in the Collections Dashboard allows collectors to find a customer by .

A. Customer name

B. Acccount

C. Bill-to

D. Customer name, account, or bill-to

Browse 128 Q&As
Questions 10

Which three actions are facilitated through The Reconciliation Summary Report?

A. Drill down from any of the summarized Receivables and Accounting amounts to see the detailed activity.

B. Drill down on the difference amounts to see specific reconciling items and the potential cause of the out of balance condition.

C. Drill down to see details of what still needs to be transferred and posted to the General Ledger.

D. Drill down to see reconciliation details and make reconciling for corrections.

E. Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering WITHOUT downloading to Excel.

Browse 128 Q&As
Questions 11

Select three values that the dunning letter generation program includes.

A. Invoice

B. Unapplied

C. Credit memo

D. Debit memo

E. Prepayments

Browse 128 Q&As
Exam Code: 1Z0-506
Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
Last Update: Mar 19, 2024
Questions: 128 Q&As

PDF

$45.99

VCE

$49.99

PDF + VCE

$59.99