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Oracle 1z0-506 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Receivables Setups	22%	- Receipts Setup 1. Configure autoCash rule sets 2. Set up remittance bank accounts 3. Define receipt classes and methods - System Options 1. Set up autoaccounting 2. Define receivables system options 3. Configure accounting options - Transactions Setup 1. Set up memo lines 2. Configure transaction sources 3. Define transaction types
Topic 2: Receipt Processing and Application	20%	- Receipt Creation 1. Enter manual receipts 2. Process automatic receipts 3. Import receipts via lockbox - Receipt Application 1. Process chargebacks and adjustments 2. Manage unapplied and on-account receipts 3. Apply receipts to open items
Topic 3: Collections and Period Close	13%	- Period Close 1. Reconcile to general ledger 2. Generate reports and inquiries 3. Complete receivables period close - Collections Management 1. Manage dunning and correspondence 2. Use collections dashboard 3. Process disputes and follow-ups
Topic 4: Transaction Processing	25%	- Revenue Management 1. Review revenue accounting 2. Define revenue recognition policies 3. Manage contingencies - Invoicing 1. Correct and adjust transactions 2. Create and update invoices 3. Manage credit and debit memos
Topic 5: Customer Management	20%	- Customer Accounts 1. Manage customer sites and contacts 2. Define profile classes 3. Create and maintain customer accounts - Credit Management 1. Configure credit checking rules 2. Set up credit limits

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question #1

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A. Manually, but WITHOUT using Adjustment Reversal and Chargeback Reversal activities
B. Automatically using the Adjustment Reversal and Chargeback Reversal activities
C. Manually using the Adjustment Reversal
D. Manually using Chargeback Reversal activities
E. Automatically, but WITHOUT using the Adjustment Reversal and Chargeback Reversal activities

Reveal Solution Discussion 0

Correct Answer: B 🗳️