Oracle Oracle Certifications 1Z0-506 Questions & Answers

• Question 111:

  Collections Dashboard is an Interactive Work Status tool that helps to prioritize and find items that need attention.

  Which is a valid Work Status as defined in the Collections Dashboard?

  A. New

  B. Under Process

  C. Open

  D. Closed

  Correct Answer: C

• Question 112:

  A grouping rule you created in the system specifies that the Items should match all mandatory and optional

  attributes.

  What logic is used to create the invoices from the transaction file through Autoinvoicing?

  Item

  A: USD (Currency), ACME (Bill-to). 5001 (Order Number), Domestic (Order Type), 1 (Transaction Number) Item

  B: USD (Currency), ACME (Bill to), 5002(Order Number), Domestic (Order Type), 1 (Transaction Number) Item

  C: USD (Currency), ACME (Bill to), 112 (Order Number), No Ship (Order Type), 2 Transaction Number) Item

  D:

  USD (Currency), BONN (Bill to), 501 (Order Number), International (Order Type), 3 (Transaction Number)

  A.

  Items A and B from Invoice 1, Items C and D from Invoice 2

  B.

  Item A from Invoice 1, Item B from Invoice 2, Items C and D from Invoice 3

  C.

  Items A and B from Invoice 1, Item C from Invoice 2, Hem D from Invoice 3

  D.

  Item A from Invoice 1, Item B from Invoice 2, Item C from Invoice 3, Item D from Invoice 4

  Correct Answer: C

• Question 113:

  The Billing Specialist receives information that the invoice was billed with the incorrect freight amount. What action is required?

  A. Perform Credit Memos when the original invoice has billing error (such as incorrect freight amounts, line item pricing, tax amounts, and finance charges) or the entire invoice should be corrected.

  B. Perform adjustments when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be corrected.

  C. The freight amount must be correct; the Billing Specialist must review it again.

  D. A Dispute Request can be submitted by the Billing Specialist through the Billing Work Area.

  E. Perform Debit memos when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be created.

  Correct Answer: A

• Question 114:

  ABC, Inc. has business units A and B. ABC, Inc. acquires XYZ Corporation and adds business unit C. The Receivable Manager can see only transactions for business units A and B, but NOT C.

  Why is business unit C NOT visible to the Receivables Manager?

  A. Business units A and B represent different legal entities as compared to business unit C.

  B. The Receivable Manager is NOT assigned with a data role relevant to business unit C.

  C. Business units A and B belong lo different ledgers than business unit C.

  D. Business units A and C belong to different subledgers than business unit C.

  Correct Answer: B

• Question 115:

  What is the grouping order used to group transaction lines during the Autoinvoice Import process?

  A. transaction Source, Customer Site Profile, Customer Account Profile, system options

  B. System options. Customer Site Profile, Transaction Source, Customer Account Profile

  C. Transaction Source, Customer Account Profile, Customer Site Profile, system options

  D. Transaction Source, Customer Account Profile, system options. Customer Site Profile

  Correct Answer: A

• Question 116:

  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

  Correct Answer: BC

• Question 117:

  You want the flexibility to void a debit memo or credit memo if there is no activity on the transaction.

  What setup is needed on the Void transaction type definition to achieve this objective?

  A. Set the Open Receivables option to Yes and the Post to GL option to Yes.

  B. Set the Open Receivables option to No and the Post to GL option to Yes.

  C. Set the Open Receivables option to Yes and Post to GL Option to No.

  D. Set the Open Receivables option to No and the Post to GL option to No.

  Correct Answer: D

• Question 118:

  What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?

  A. Incomplete Transaction

  B. Complete and Review

  C. Reverse the Transaction

  D. Create a New Transaction

  Correct Answer: C

• Question 119:

  Which are the two interface tables that transaction data will be imported to when using the Autoinvoice Feature?

  A. AR_INTERFACE_CONTS_ALL

  B. AR_INTERFACE_CONT_ALL

  C. RA_INTERFACE_SALES_ALL

  D. RA_INTERFACE_DISTRIBUTIONS_ALL

  E. RA_INTERFACE_DIST_ALL

  Correct Answer: CD

• Question 120:

  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

  Correct Answer: A