Oracle Oracle Certifications 1Z0-506 Questions & Answers

• Question 91:

  The collections Manager wants to see a summary of delinquency data for a specific customer. Which tab will display the summary delinquency data?

  A. Customer Aging tab

  B. Profile lab

  C. Contacts tab

  D. Transactions lab

  Correct Answer: D

• Question 92:

  The common subledger period close management UI allows the user to .

  A. Manage the accounting period status.

  B. Balance the entries after they are transferred to the general ledger .

  C. Access all subledgers.

  D. Bill and automate customer payments for adjustment approval processing

  E. Transfer unbalanced entries to the general ledger.

  Correct Answer: B

• Question 93:

  Select three values that the dunning letter generation program includes.

  A. Invoice

  B. Unapplied

  C. Credit memo

  D. Debit memo

  E. Prepayments

  Correct Answer: ABD

• Question 94:

  Users can choose to EXCLUDE specific transactions in a Balance Forward Bill. Which statement is true about transaction exclusion?

  A. Transaction exclusion can be done during creation of the transaction.

  B. Transaction exclusion for a statement can be done at each transaction level.

  C. Transaction exclusion can NOT be done during the creation of a transaction.

  D. Transaction exclusion for a statement can be done at the individual transaction as well as the transaction group level.

  Correct Answer: B

• Question 95:

  An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

  A. The user can NOT drill down from the Interactive reports user interface

  B. The report is always ad hoc.

  C. The user can enter parameters to limit the information to be included.

  D. Interactive reports ALWAYS require an ESS program to be run.

  Correct Answer: C

• Question 96:

  Dunning can be configured using .

  A. only one business unit

  B. only multiple business units

  C. both by single business unit or multiple business units

  D. can NOT be configured by business units

  Correct Answer: C

• Question 97:

  When adding a customer and using profile classes to organize the customer accounts, which three options are true?

  A. Fusion Receivables assigns the profile class DEFAUIT when creating a customer account. B. Fusion Receivables assigns a DEFAULT profile class when creating an account site.

  B. Profile class updates and assignments are managed using effective date ranges.

  C. Updates applied to a particular account or site effect the profile class record.

  D. Receivables allows customized details of the profile class once the profile class has been assign to an account or site.

  E. Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.

  Correct Answer: ACE

• Question 98:

  The interactive Receivables to General ledger Reconciliation Report allows reconciliation.

  A. only by ledger

  B. only by specific organization

  C. only by account balancing segment

  D. by ledger, specific organization, OR account balancing segment

  Correct Answer: A

• Question 99:

  You have confirmed an automatic receipt in error. What is the correct method to rectify the error?

  A. Unconfirm the automatic receipt.

  B. Remove the receipt from the batch.

  C. Reverse and recreate the receipt.

  D. Delete the automatic receipt batch.

  Correct Answer: C

• Question 100:

  What are the three validation steps required for implementing dispute processing?

  A. Transaction types are set up with appropriate Credit Memo types.

  B. Periods for which the transaction can be disputed are Open.

  C. The Document Sequencing required is set up.

  D. BPM Work List for approval configuration is validated.

  E. The Recognize Revenue program is scheduled.

  Correct Answer: ABD