Free 1Z0-1006 Questions for Oracle Financials Cloud: Receivables 2018 Implementation Essentials 1Z0-1006 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1006
Exam Name/Title: Oracle Financials Cloud: Receivables 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 80
Updated On: Jun 03, 2026

Question #1

Which three transaction types are used to generate late charges? (Choose three.)

A. Adjustments against the original transaction

B. Cash Receipts

C. Interest Invoice

D. Debit Memo

E. Credit Memo

Discussion 0

Correct Answer: A,C,E Vote an answer

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Question #2

An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.

A. Unearned revenue will be credited for $100 USD.

B. Earned revenue will be debited for $50 USD.

C. Earned revenue will be credited for $50 USD.

D. Unearned revenue will be debited for $50 USD.

Discussion 0

Correct Answer: C Vote an answer

Question #3

You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

A. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.

B. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.

C. It is not recommended to print transactions and balance forward bills directly from BI Publisher.

D. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

E. If you have printed a transaction, the View Print button will not display a preview of the print.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #4

What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)

A. Create Automatic Receipts

B. Lockbox Transmission History

C. Create Receipt Remittance Batch

D. Correct Funds Transfer Errors

E. Manage Receipt Remittance Batches

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #5

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A. automatic receipts creation

B. receipts creation in a spreadsheet

C. manual receipt entry

D. Lockbox receipts creation

Discussion 0

Correct Answer: B Vote an answer

Question #6

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

B. The Transaction Summary Report shows only transactions with a status of received.

C. You need to submit the Extract Intercompany Reconciliation Data job.

D. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

E. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

Discussion 0

Correct Answer: A,E Vote an answer

Question #7

Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?

A. Sites 1, 2, and 3 activities will be included in a single bill.

B. Sites 1 and 3 activities will be included in a single bill.

C. Sites 2 and 3 activities will be included in a single bill.

D. Sites 1 and 2 activities will be included in a single bill.

Discussion 0

Correct Answer: D Vote an answer

Question #8

Which two are rules applicable to issue of refunds? (Choose two.)

A. You can refund receipts that were either remitted or cleared.

B. You can refund receipts that are factored.

C. You can issue a credit card refund to a customer who has made a cash payment.

D. You cannot refund more than either the original receipt amount or the remaining unapplied amount.

Discussion 0

Correct Answer: A,D Vote an answer

Free 1Z0-1006 Questions for Oracle Financials Cloud: Receivables 2018 Implementation Essentials 1Z0-1006 Exam as PDF & Practice Test Engine

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