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Oracle 1Z0-506 - Questions & Answers

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Question 1
Multiple choice

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.

Create a credit memo.

C.

Incomplete the transaction.

D.

Reverse the Transaction.

E.

Correct the unit price.

Question 2
Multiple choice
Select three values that default from Customer Profile Classes.
A.

Currency

B.

Legal Entity

C.

Payment Terms

D.

Statement Cycle

E.

Business Purpose

Question 3
Single choice

The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction.

On which tab she will find the status.

A.

Customer Aging tab

B.

Transaction Details tab

C.

Transactions tab

D.

Transaction aging tab

Question 4
Multiple choice

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.

Question 5
Single choice

The drilldown option available in the task pane for receipts does NOT include .

A.

Create Remittance via Spreadsheet

B.

Correct Funds Transfer Errors

C.

Lockbox Transmission History

D.

Create Receipt via Spreadsheet

Question 6
Single choice

You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions.

What parameters are used to summarize the exceptions for review?

A.

Business Unit, Transaction Type, Invoice Date, Currency

B.

Business Unit, Customer Name, Transaction Source, Total Amount

C.

Business Unit, Transaction Source, Creation Date, Currency

D.

Business Unit, Transaction Source, Transaction Type, Creation Date

Question 7
Single choice

Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?

A.

Limiting the display using the ad hoc parameter

B.

Drilldown to see reconciling details

C.

Drilldown to see what needs to transfer and post to the general ledger

D.

Graphical and visualization components for viewing the reconciliation details

E.

The reasons for the reconciling differences

Question 8
Single choice

A customer calls into the Accounts Receivables Department asking for the balance of all invoices due in the next 30 days and has a question about a specific invoice line.

As a Billing Specialist what action will you perform?

A.

Review the invoice in the Review Customer Account Details user interface.

B.

Apply, reverse, or process the receipt.

C.

Create an open debit memo.

D.

Review receipt-, in pending status

Question 9
Single choice

The billing Specialist creates an adjustment for an INCORRECT invoice and sends it for approval through the review and Manage Transaction link in the Billing Work Area. Since the adjustment amount is above approval limit, it is routed to the Billing Manager.

What is the status of the Adjustment when the approver sees the adjustment in his Work Queue?

A.

Pending Research

B.

Pending Approval

C.

Approval Required

D.

Waiting Approval

Question 10
Multiple choice

You are the Billing Manager and you are in charge of reviewing transactions and approving them.

Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?

A.

Pending My Approval

B.

Pending Approval

C.

Pending Approval from Others

D.

Approved

E.

Pending Research

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