Online Access Free 1z0-506 Exam Questions

You want the flexibility to void a debit memo or credit memo if there is no activity on the transaction.
What setup is needed on the Void transaction type definition to achieve this objective?

• A.Set the Open Receivables option to Yes and the Post to GL option to Yes.
• B.Set the Open Receivables option to No and the Post to GL option to Yes.
• C.Set the Open Receivables option to No and the Post to GL option to No.
• D.Set the Open Receivables option to Yes and Post to GL Option to No.

Select three valid statements related to the Shared Service Model.

• A.Shared Service Personnel can do cross-business unit cash application.
• B.Shared Service Personnel can view Invoices across various business units.
• C.Shared Service Personnel can see customer account details across business units.
• D.Shared Service Personnel can process invoices for various business units.
• E.Shared Service Personnel can report data across all business units but can enter transactions ONLY against one business unit.

An invoice was created with unit price error on one invoice item. What is the next step you perform form the Billing Work Area to correct this error?

• A.Click the Manage Transaction link on the task pane and create a credit memo for the transaction.
• B.Click the Create Transaction link on the task pane and create a new transaction with the right unit price.
• C.Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.
• D.Click the Credit Transaction link on the task pane and create a credit memo for the transaction.

When adding a customer and using profile classes to organize the customer accounts, which three options are true?

• A.Updates applied to a particular account or site effect the profile class record.
• B.Fusion Receivables assigns a DEFAULT profile class when creating an account site.
• C.Receivable does NOT allow customization to the account profile information after it is assigned to an account or site.
• D.Receivables allows customized details of the profile class once the profile class has been assign to an account or site.
• E.Fusion Receivables assigns the profile class DEFAUIT when creating a customer account.
• F.Profile class updates and assignments are managed using effective date ranges.

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.Delete the related data on the GL interface table.
• B.Run the Journal Import for all the group IDs.
• C.Resend the transactions from the subledgers.
• D.Verify the output of the Journal Import Request
• E.Confirm that data was sent from the subledger.