Oracle Oracle Certifications 1Z0-506 Questions & Answers

• Question 121:

  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

  Correct Answer: D

• Question 122:

  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

  Correct Answer: C

• Question 123:

  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

  Correct Answer: D

• Question 124:

  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

  Correct Answer: C

• Question 125:

  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

  Correct Answer: C

• Question 126:

  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.

  Correct Answer: ACE

• Question 127:

  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.

  Correct Answer: AB

• Question 128:

  Select three values that default from Customer Profile Classes.

  A. Currency

  B. Legal Entity

  C. Payment Terms

  D. Statement Cycle

  E. Business Purpose

  Correct Answer: ACD