Oracle 1z0-506 Exam Questions : Oracle Fusion Financials 11g Accounts Receivable Essentials

  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Oct 02, 2026
  • Q&As: 123 Questions and Answers

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Oracle 1z0-506 Exam Syllabus Topics:

SectionObjectives
Topic 1: Transaction Processing- Billing and Invoicing
  • 1. Debit Memos
    • 2. Credit Memos
      • 3. Invoices
        - Accounting
        • 1. AutoAccounting
          • 2. Subledger Accounting
            Topic 2: Collections and Credit Management- Collections
            • 1. Collection Strategies
              • 2. Delinquency Management
                - Credit Management
                • 1. Credit Profiles
                  • 2. Credit Limits
                    Topic 3: Reporting and Period Close- Reporting
                    • 1. Receivables Reports
                      • 2. Analytics and Dashboards
                        - Period Close
                        • 1. Close Process
                          • 2. Reconciliation
                            Topic 4: Customer and Account Management- Customer Data
                            • 1. Customer Profiles
                              • 2. Account Sites
                                • 3. Customer Accounts
                                  Topic 5: Enterprise and Receivables Configuration- Receivables System Options
                                  • 1. Transaction Sources
                                    • 2. Document Sequencing
                                      - Enterprise Structures
                                      • 1. Business Units
                                        • 2. Reference Data Sets
                                          • 3. Ledgers and Legal Entities
                                            Topic 6: Receipts and Cash Management- Receipt Application
                                            • 1. Applying Receipts
                                              • 2. Adjustments and Refunds
                                                - Receipt Processing
                                                • 1. Automatic Receipts
                                                  • 2. Receipt Methods
                                                    • 3. Manual Receipts
                                                      Topic 7: Receivables Implementation Overview- Oracle Fusion Financials Architecture
                                                      • 1. Integration with Other Financial Modules
                                                        • 2. Receivables Business Flow

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          Question #1

                                                          Where is the summary delinquency data displayed on the Collections Dashboard?

                                                          • A. Customer Aging tab
                                                          • B. Transactions tab
                                                          • C. Profiles tab
                                                          • D. Correspondence tab
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A  πŸ—³οΈ

                                                          Question #2

                                                          Which option must be set up in order to adjust an invoice and enter an amount greater than the balance due?

                                                          • A. Set the Allow Overapplication on the profile options to Yes.
                                                          • B. Set the Allow Overapplication on transaction type to Yes.
                                                          • C. You can NOT enter on amount, greater than the balance due.
                                                          • D. Set the Allow Overapplication on receivables activity to Yes.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B  πŸ—³οΈ

                                                          Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                                                          Question #3

                                                          You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions. What parameters are used to summarize the exceptions for review?

                                                          • A. Business Unit, Transaction Source, Creation Date, Currency
                                                          • B. Business Unit, Transaction Type, Invoice Date, Currency
                                                          • C. Business Unit, Customer Name, Transaction Source, Total Amount
                                                          • D. Business Unit, Transaction Source, Transaction Type, Creation Date
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A  πŸ—³οΈ

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                                                          Question #4

                                                          An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

                                                          • A. Interactive reports ALWAYS require an ESS program to be run.
                                                          • B. The report is always ad hoc.
                                                          • C. The user can NOT drill down from the Interactive reports user interface
                                                          • D. The user can enter parameters to limit the information to be included.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: D  πŸ—³οΈ

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                                                          Question #5

                                                          Select three values that default from Customer Profile Classes.

                                                          • A. Currency
                                                          • B. Statement Cycle
                                                          • C. Payment Terms
                                                          • D. Legal Entity
                                                          • E. Business Purpose
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A,B,C  πŸ—³οΈ

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