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Oracle 1z1-506 Exam Syllabus Topics:

Section	Weight	Objectives
Collections and Period Close	13%	- Period Close 1. Generate reports and inquiries 2. Complete receivables period close 3. Reconcile to general ledger - Collections Management 1. Process disputes and follow-ups 2. Use collections dashboard 3. Manage dunning and correspondence
Receipt Processing and Application	20%	- Receipt Application 1. Manage unapplied and on-account receipts 2. Apply receipts to open items 3. Process chargebacks and adjustments - Receipt Creation 1. Enter manual receipts 2. Import receipts via lockbox 3. Process automatic receipts
Receivables Setups	22%	- Transactions Setup 1. Configure transaction sources 2. Define transaction types 3. Set up memo lines - Receipts Setup 1. Set up remittance bank accounts 2. Define receipt classes and methods 3. Configure autoCash rule sets - System Options 1. Set up autoaccounting 2. Define receivables system options 3. Configure accounting options
Customer Management	20%	- Credit Management 1. Set up credit limits 2. Configure credit checking rules - Customer Accounts 1. Define profile classes 2. Create and maintain customer accounts 3. Manage customer sites and contacts
Transaction Processing	25%	- Invoicing 1. Create and update invoices 2. Manage credit and debit memos 3. Correct and adjust transactions - Revenue Management 1. Review revenue accounting 2. Define revenue recognition policies 3. Manage contingencies

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question #1

Select three features that the Shared Service model provides to satisfy business needs.

A. Supports access of asset Information across multiple asset books
B. Ability to submit and view data across different ledgers
C. Ability to view consolidated requisitions across business units
D. Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.
E. Secures user access to business units data

Reveal Solution Discussion 0

Correct Answer: C,D,E 🗳️