Printable PDFOracle 1Z0-506 Exam Questions & Answers
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Vendor: Oracle
Exam Code: 1Z0-506
Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
Certification Provider: Oracle
Total Questions: 128 Q&A
Updated on: Mar 28, 2025
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1Z0-506 Online Practice Questions and Answers
Select three values that default from Customer Profile Classes.
A. Currency
B. Legal Entity
C. Payment Terms
D. Statement Cycle
E. Business Purpose
A Collections Agent wants to verify that the delinquency status are accurately assigned and all the dependent processes have occurred.
Which three options are true in this scenario?
A. Go to the Collector's Work Queue and see whether the delinquent accounts are listed under the Delinquent Accounts node.
B. Navigate to the Collections tab to find all delinquencies In the Collection Header.
C. Navigate to the Transactions tab to verify that the open work items are listed.
D. If strategies are used, go to the Collector's Work Queue and verify that the strategy work items are listed.
E. Select the Collections window to see the dunning events that have occurred.
What are the three valid statements related to third-party control accounts that have the type Customer?
A. The subledger journal entry lines that use this account MUST have customer information.
B. When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
C. The subledger Journal entry lines that use this account need not have customer information
D. The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.
E. The customer subledger third party balances will be updated when Journal is completed to Draft Status.
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