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

1z0-506
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Aug 13, 2026
  • Q & A: 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. Subledger Accounting
          • 2. AutoAccounting
            Topic 2: Collections and Credit Management- Collections
            • 1. Collection Strategies
              • 2. Delinquency Management
                - Credit Management
                • 1. Credit Limits
                  • 2. Credit Profiles
                    Topic 3: Customer and Account Management- Customer Data
                    • 1. Customer Profiles
                      • 2. Customer Accounts
                        • 3. Account Sites
                          Topic 4: Receivables Implementation Overview- Oracle Fusion Financials Architecture
                          • 1. Integration with Other Financial Modules
                            • 2. Receivables Business Flow
                              Topic 5: Enterprise and Receivables Configuration- Enterprise Structures
                              • 1. Reference Data Sets
                                • 2. Business Units
                                  • 3. Ledgers and Legal Entities
                                    - Receivables System Options
                                    • 1. Transaction Sources
                                      • 2. Document Sequencing
                                        Topic 6: Reporting and Period Close- Period Close
                                        • 1. Reconciliation
                                          • 2. Close Process
                                            - Reporting
                                            • 1. Analytics and Dashboards
                                              • 2. Receivables Reports
                                                Topic 7: Receipts and Cash Management- Receipt Processing
                                                • 1. Receipt Methods
                                                  • 2. Automatic Receipts
                                                    • 3. Manual Receipts
                                                      - Receipt Application
                                                      • 1. Applying Receipts
                                                        • 2. Adjustments and Refunds

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          1. Select a scenario that is NOT eligible for receipt reversal.

                                                          A) Reversing credit card refund receipts
                                                          B) Reversing a miscellaneous receipt
                                                          C) Reversing receipts that were applied to open receipts and both receipts have positive balance post reversal
                                                          D) Reversing a receipt applied to a transaction with a chargeback that has been posted to UK-General Ledger


                                                          2. Which two display columns that impact the Collections Dashboard are defined in the Global Setup Preference Region?

                                                          A) Default exchange rate
                                                          B) Display of customer profile
                                                          C) Default transaction class
                                                          D) Display of open transactions
                                                          E) Display of closed receipts


                                                          3. The Accounts Receivables Specialist, while reviewing a customer account, saw a customer complaint about a percentage that was NOT applied to an invoice. The Accounts Receivables Specialist decides to initiate a dispute process for this transaction. What is the action he has to perform to invoke the dispute?

                                                          A) Navigate to the Manage Revenue Adjustments Page and invoke the dispute.
                                                          B) Navigate to the Review Customer Accounts Details user interface and invoke the dispute.
                                                          C) Navigate to the Collections Workbench page and invoke the dispute.
                                                          D) Navigate to the Review and Manage Transaction Page-and invoke the dispute.


                                                          4. The default dunning contact name can be specified in the __________.

                                                          A) Create Dunning Configuration in the Manage Dunning Configuration
                                                          B) Preferences in the Manage Collection Preferences
                                                          C) Dunning Configuration Details in the Manage Dunning Configuration
                                                          D) Global Preferences in the Manage Collection Preferences


                                                          5. 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 balance is zero.
                                                          C) The transaction type is NOT associated to a credit memo type.
                                                          D) The transaction date falls in a closed period.


                                                          Solutions:

                                                          Question # 1
                                                          Answer: D
                                                          Question # 2
                                                          Answer: C,D
                                                          Question # 3
                                                          Answer: B
                                                          Question # 4
                                                          Answer: B
                                                          Question # 5
                                                          Answer: C

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