Oracle 1z0-506 dumps - in .pdf

1z0-506 pdf
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Jul 24, 2026
  • Q & A: 123 Questions and Answers
  • PDF Price: $59.99
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  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Jul 24, 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 dumps - Testing Engine

1z0-506 Testing Engine
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Jul 24, 2026
  • Q & A: 123 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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Oracle 1z0-506 Exam Syllabus Topics:

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

                                                                  Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                                  1. What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?

                                                                  A) Create a New Transaction
                                                                  B) Complete and Review
                                                                  C) Incomplete Transaction
                                                                  D) Reverse the Transaction


                                                                  2. The Billing Specialist created and completed an invoice for $100 for Customer A.
                                                                  She prints the invoice and realizes that the invoice should have been created for Customer B, not Customer A.
                                                                  The accounting for the transaction for Customer A is posted to the General ledger. How can this be corrected?

                                                                  A) Create an adjustment for the entire amount and create a negative adjustment for Customer B.
                                                                  B) Navigate to credit transaction link in the billing work area, credit the entire amount, and enter a new invoice for Customer B.
                                                                  C) Change the status of invoice to incomplete, and enter a new invoice for Customer B.
                                                                  D) Create an on account credit memo for $100 for the invoice and enter a new invoice for Customer


                                                                  3. The communication information region in the customer account record is used to maintain what customer information?

                                                                  A) Payment Instruments
                                                                  B) Account Relationships
                                                                  C) Account Profiles
                                                                  D) Job Responsibilities


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

                                                                  A) Currency
                                                                  B) Work Status
                                                                  C) Priority
                                                                  D) Aging Bucket


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

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


                                                                  Solutions:

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

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