1Z0-506 Online Practice Questions and Answers

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.

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.

Tables for the Customer Master are owned by .

A. Oracle Fusion Receivables

B. Oracle Fusion Distributed Order Orchestration

C. Oracle Fusion Trading Community Architecture

D. Oracle Fusion Customer Relationship Management

When a customer opts to make a payment by a credit card, this receipt is identified as a (n) .

A. manual receipt

B. automatic receipt

C. QuickCash receipt

D. Autolockbox receipt

E. miscellaneous receipt

Your Subledger Accountants are attempting to import their journals to the general ledger at the end of the period. The Journal import processes have completed with a warning and no Journals were generated.

Which three steps would you take to troubleshoot this?

A. Resend the transactions from the subledgers.

B. Delete the related data on the GL interface table.

C. Confirm that data was sent from the subledger.

D. Verify the output of the Journal Import Request

E. Run the Journal Import for all the group IDs.

Which two options are features of the Create Automatic Receipts Write-Off program?

A. Schedule periodic write offs as receipt adjustments for small remaining balances.

B. Create write-offs for overpayment amount.

C. It is NOT mandatory to set up a write-off account in your receivables activity.

D. Create write-offs for overpayment and underpayment amounts.

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

Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

A. Auto Accounting Rule for revenue line type

B. Revenue Account Specified in Debit Memo transaction type

C. Cash account on the receipt

D. Revenue account of the original transaction to which the receipt is applied

Which three ways will changing the customer information impart the collection process?

A. Making changes In the Profile tab Impacts the collection process.

B. Business unit level changes will NOT Impact the display of delinquent customers on the dashboard.

C. Adding or modifying the customer contact name in the Contacts tab impacts where the correspondence is sent.

D. Changing the Collector impacts the individual working with the delinquent customer.

E. Changing Information in the Profile Tab does NOT have an impact on the level in which the collections are done.

The Collections Manager is identifying delinquent transactions, while submitting the Determine Delinquency lining Scoring program, in which business unit will the collections Manager be able to view the parameters list?

A. Only those business units for which there are delinquent customers

B. Only those business units for which the user has access

C. Only the business unit to which the user belongs

D. All business units in the organization