Oracle 1z0-506 exam - in .pdf

1z0-506 pdf
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Sep 04, 2026
  • Q & A: 123 Questions and Answers
  • PDF Price: $59.99
  • PDF Demo

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  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Sep 04, 2026
  • Q & A: 123 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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Oracle 1z0-506 exam - Testing Engine

1z0-506 Testing Engine
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Sep 04, 2026
  • Q & A: 123 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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Oracle 1z0-506 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Collections and Period Close13%- Collections Management
  • 1. Use collections dashboard
    • 2. Manage dunning and correspondence
      • 3. Process disputes and follow-ups
        - Period Close
        • 1. Complete receivables period close
          • 2. Reconcile to general ledger
            • 3. Generate reports and inquiries
              Topic 2: Receivables Setups22%- Receipts Setup
              • 1. Configure autoCash rule sets
                • 2. Set up remittance bank accounts
                  • 3. Define receipt classes and methods
                    - Transactions Setup
                    • 1. Set up memo lines
                      • 2. Define transaction types
                        • 3. Configure transaction sources
                          - System Options
                          • 1. Configure accounting options
                            • 2. Define receivables system options
                              • 3. Set up autoaccounting
                                Topic 3: Receipt Processing and Application20%- Receipt Creation
                                • 1. Process automatic receipts
                                  • 2. Import receipts via lockbox
                                    • 3. Enter manual receipts
                                      - Receipt Application
                                      • 1. Apply receipts to open items
                                        • 2. Process chargebacks and adjustments
                                          • 3. Manage unapplied and on-account receipts
                                            Topic 4: Customer Management20%- Credit Management
                                            • 1. Set up credit limits
                                              • 2. Configure credit checking rules
                                                - Customer Accounts
                                                • 1. Manage customer sites and contacts
                                                  • 2. Create and maintain customer accounts
                                                    • 3. Define profile classes
                                                      Topic 5: Transaction Processing25%- Invoicing
                                                      • 1. Manage credit and debit memos
                                                        • 2. Create and update invoices
                                                          • 3. Correct and adjust transactions
                                                            - Revenue Management
                                                            • 1. Manage contingencies
                                                              • 2. Define revenue recognition policies
                                                                • 3. Review revenue accounting

                                                                  Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                                  Question 1

                                                                  What are the three ways a Dispute Request can be submitted?

                                                                  A. By a Billing Specialist through the Billing Work Area
                                                                  B. By a Billing Manager through the Transaction UI in the Adjustment Work Area
                                                                  C. By a Receivable Manager through the Reconciliation Work Area
                                                                  D. By an Account Receivables Specialist through the Receivables Balances Work Area
                                                                  E. By a Collections Agent through the Advanced Collections application in the Customer Work Area


                                                                  Question 2

                                                                  Your company 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 and 2 activities will be included in a single bill.
                                                                  B. Sites 1, 2, 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 l and 3 activities will be included in a single bill.


                                                                  Question 3

                                                                  The AutoCash Rule Set defines the order in which the system will apply the receipt to an open debit Item. Which Autocash Rule is NOT defined in the receivables setup?

                                                                  A. Clear past due invoices
                                                                  B. Clear past due invoices grouped by Payment Terms
                                                                  C. Apply to the oldest invoice first
                                                                  D. Apply to the latest invoice first


                                                                  Question 4

                                                                  Tables for the Customer Master are owned by ____________.

                                                                  A. Oracle Fusion Customer Relationship Management
                                                                  B. Oracle Fusion Receivables
                                                                  C. Oracle Fusion Distributed Order Orchestration
                                                                  D. Oracle Fusion Trading Community Architecture


                                                                  Question 5

                                                                  You have created an Invoice with an incorrect unit price. You need to perform the Rebill task from the Manage Transactions user interface to enter the correct transaction. Which two actions does the Manage Transactions user interface allow you to perform for the Rebill task?

                                                                  A. Incomplete the transaction.
                                                                  B. Correct the unit price.
                                                                  C. Create a credit memo.
                                                                  D. Reverse the Transaction.
                                                                  E. Duplicate the original transaction.


                                                                  Solutions:

                                                                  Question 1
                                                                  Answer: A,C,E
                                                                  Question 2
                                                                  Answer: A
                                                                  Question 3
                                                                  Answer: D
                                                                  Question 4
                                                                  Answer: C
                                                                  Question 5
                                                                  Answer: C,E

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