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

  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Sep 16, 2026
  • Q & A: 123 Questions and Answers

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Oracle 1z0-506 Exam Syllabus Topics:

SectionObjectives
Topic 1: Collections- Collection preferences setup
- Delinquency process deployment
- Dispute handling management
- Customer correspondence process
- Collections dashboard functionality
Topic 2: Other Accounts Receivable Topics- Subledger accounting configuration
- Period close process setup
- Write-offs, adjustments, and chargebacks
- Late charges usage
Topic 3: Overview of Receivables- Receivables dashboard analysis
- Shared service model configuration
- Customer management in Accounts Receivable
- Reference data sets configuration
Topic 4: Receipt Management- Customer refunds management
- Funds capture definition
- Receipt processing
- Receipt dashboard usage
Topic 5: Billing and Revenue Management- Revenue management
- Bill presentment architecture
- Process billing transactions
- Billing dashboard analysis

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

Question #1

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

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

Correct Answer: A  🗳️

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Question #2

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 No and the Post to GL option to No.
  • B. Set the Open Receivables option to Yes and the Post to GL option to Yes.
  • C. Set the Open Receivables option to Yes and Post to GL Option to No.
  • D. Set the Open Receivables option to No and the Post to GL option to Yes.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

What are the two parameters on which Collectors can create and save customer lists?

  • A. Aging Bucket
  • B. Work Status
  • C. Priority
  • D. Currency
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #4

Which transaction will be included when selecting transactions of specified customers in the Create Balance Forward Billing Program?

  • A. Transactions that have a Bill Type of Imported
  • B. Transactions that have the Print Option set to Do Not Print
  • C. Transactions that have the selected payment terms
  • D. Transactions that were included on a previous Balance Forward Bill
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

What three Items must be set up in the Application Set Up Manager to facilitate refunds?

  • A. Credit card refunds
  • B. Non credit card refunds
  • C. Credit Card Chargeback
  • D. Late charges
  • E. Automatic Receipt Handling
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

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