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

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

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          Question #1

                                                          The Billing Manager has to Bill Adjustment Duty role associated with him. Which task he cannot perform?

                                                          • A. Update Receivables Invoice
                                                          • B. Dispute Receivables Transaction
                                                          • C. Update Receivables Credit memo
                                                          • D. Review Customer Account Activities
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: D  🗳️

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

                                                          Question #2

                                                          The common subledger period close management UI allows the user to__________.

                                                          • A. Access all subledgers.
                                                          • B. Manage the accounting period status.
                                                          • C. Balance the entries after they are transferred to the general ledger .
                                                          • D. Bill and automate customer payments for adjustment approval processing
                                                          • E. Transfer unbalanced entries to the general ledger.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B  🗳️

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

                                                          Question #3

                                                          Select two values that are set up in Correspondence Configuration.

                                                          • A. Exclude from dunning
                                                          • B. Rerun the dunning process
                                                          • C. Dunning letter options
                                                          • D. Dunning configuration set
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: C,D  🗳️

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

                                                          Question #4

                                                          Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.

                                                          • A. The transaction is partially paid.
                                                          • B. The transaction type is NOT associated to a credit memo type.
                                                          • C. The transaction date falls in a closed period.
                                                          • D. The transaction balance is zero.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B  🗳️

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

                                                          Question #5

                                                          The Receivables Dashboard provides Information on Incomplete transactions. What are the parameters the dashboard uses to provide this information?

                                                          • A. Period, Business Unit, Transaction Source, Amount
                                                          • B. Period, Business Unit, Transaction Type, Amount
                                                          • C. Period, Business Unit, Status, Batch Type
                                                          • D. Period, Business Unit, Type, Amount
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: C  🗳️

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