• Exam Code: 1z1-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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1z1-506
  • Exam Code: 1z1-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Oct 14, 2026
  • No. of Questions: 123 Questions and Answers
  • Download Limit: Unlimited

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Oracle 1z1-506 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

The Adjust Customer Balances activity allows you to_____________.

  • A. Write off small balance receipts but does NOT allow you to write-off uncollectable Invoices
  • B. Write-off uncollectable invoices and write-off small balance receipts
  • C. Provide approval processing of credit requests and automated receipts
  • D. Write-off uncollectable invoices but does NOT allow you to write-off small balance receipts
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

You have confirmed an automatic receipt in error. What is the correct method to rectify the error?

  • A. Delete the automatic receipt batch.
  • B. Unconfirm the automatic receipt.
  • C. Reverse and recreate the receipt.
  • D. Remove the receipt from the batch.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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

After reviewing an incomplete invoice, the Billing Manager clicked the Complete Button In the Transactions Window. What changes will this action create? Select three.

  • A. The invoice gets send for a dunning follow-up.
  • B. The invoice is eligible for transfer to the General Ledger.
  • C. Payment schedules get created using the payment terms specified.
  • D. The invoice can now be printed.
  • E. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.

  • A. Unearned revenue will be debited for $50.
  • B. Earned revenue will be debited for $50.
  • C. Earned revenue will be credited for $50.
  • D. Unearned revenue will be credited for $100.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

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

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

Correct Answer: C  🗳️

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