Oracle 1z0-506 Q&A - in .pdf

  • 1z0-506 pdf
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Aug 22, 2026
  • Q & A: 123 Questions and Answers
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  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
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Oracle 1z0-506 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. When a customer opts to make a payment by a credit card, this receipt is identified as a (n) _____________.

A) Autolockbox receipt
B) miscellaneous receipt
C) QuickCash receipt
D) automatic receipt
E) manual receipt


2. Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

A) Cash account on the receipt
B) Revenue account of the original transaction to which the receipt is applied
C) Revenue Account Specified in Debit Memo transaction type
D) Auto Accounting Rule for revenue line type


3. An interactive report is based on real-time data and is always user interactive. What is true about Interactive reports?

A) The user can enter parameters to limit the information to be included.
B) Interactive reports ALWAYS require an ESS program to be run.
C) The report is always ad hoc.
D) The user can NOT drill down from the Interactive reports user interface


4. Which functionality is NOT provided by the Receivables to Ledger Reconciliation Report?

A) Drilldown to see reconciling details
B) The reasons for the reconciling differences
C) Limiting the display using the ad hoc parameter
D) Drilldown to see what needs to transfer and post to the general ledger
E) Graphical and visualization components for viewing the reconciliation details


5. You are an Accounts Receivables Manager and you have the Receivables Inquiry Duty role attached to your Job Role. What tasks are you allowed to perform under this duty role?

A) View Receivables Invoices
B) View Receivables Receipts
C) Review Customer Account Activities
D) Dispute Receivable transactions
E) View Receivables Credit Memos


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: D
Question # 5
Answer: C

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