1z1-506 exam dumps

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  • Exam Code: 1z1-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • No. of Questions: 123 Questions and Answers
  • Updated: Sep 16, 2026

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Oracle 1z1-506 Exam Syllabus Topics:

SectionObjectives
Enterprise and Receivables Configuration- Receivables System Options
  • 1. Transaction Sources
    • 2. Document Sequencing
      - Enterprise Structures
      • 1. Ledgers and Legal Entities
        • 2. Business Units
          • 3. Reference Data Sets
            Transaction Processing- Billing and Invoicing
            • 1. Debit Memos
              • 2. Invoices
                • 3. Credit Memos
                  - Accounting
                  • 1. AutoAccounting
                    • 2. Subledger Accounting
                      Reporting and Period Close- Period Close
                      • 1. Reconciliation
                        • 2. Close Process
                          - Reporting
                          • 1. Receivables Reports
                            • 2. Analytics and Dashboards
                              Collections and Credit Management- Collections
                              • 1. Delinquency Management
                                • 2. Collection Strategies
                                  - Credit Management
                                  • 1. Credit Limits
                                    • 2. Credit Profiles
                                      Customer and Account Management- Customer Data
                                      • 1. Account Sites
                                        • 2. Customer Accounts
                                          • 3. Customer Profiles
                                            Receipts and Cash Management- Receipt Processing
                                            • 1. Receipt Methods
                                              • 2. Automatic Receipts
                                                • 3. Manual Receipts
                                                  - Receipt Application
                                                  • 1. Adjustments and Refunds
                                                    • 2. Applying Receipts
                                                      Receivables Implementation Overview- Oracle Fusion Financials Architecture
                                                      • 1. Receivables Business Flow
                                                        • 2. Integration with Other Financial Modules

                                                          Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                          Which three ways will changing the customer information impart the collection process?

                                                          • A. Business unit level changes will NOT Impact the display of delinquent customers on the dashboard.
                                                          • B. Adding or modifying the customer contact name in the Contacts tab impacts where the correspondence is sent.
                                                          • C. Changing Information in the Profile Tab does NOT have an impact on the level in which the collections are done.
                                                          • D. Making changes In the Profile tab Impacts the collection process.
                                                          • E. Changing the Collector impacts the individual working with the delinquent customer.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B,D,E  🗳️

                                                          What is the impact on transactions if you change the billing cycle for a customer of group of customers?

                                                          • A. New transaction after this change inherit the new billing cycle.
                                                          • B. Existing transactions with NO activity retain the old billing cycle.
                                                          • C. The billing cycle does NOT have any impact on new transactions.
                                                          • D. Existing transactions with activity adapt the; new billing cycle.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A  🗳️

                                                          You have entered invoices using the Autoinvoicing Feature. How can you review the records that are in error?

                                                          • A. Click the Manage Autoinvoice Lines link to open a workbook with the specific error record.
                                                          • B. Click the Number of Errors link in the Autoinvoice error region to open a workbook with the specific error record.
                                                          • C. Click the View Autoinvoice Lines link to open a workbook wild the specific error record.
                                                          • D. Click the View Error Details link in the Autoinvoice errr region to open a workbook with the specific: error record.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: B  🗳️

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

                                                          Your Subledger Accountants are attempting to import their journals to the general ledger at the end of the period. The Journal import processes have completed with a warning and no Journals were generated. Which three steps would you take to troubleshoot this?

                                                          • A. Run the Journal Import for all the group IDs.
                                                          • B. Resend the transactions from the subledgers.
                                                          • C. Delete the related data on the GL interface table.
                                                          • D. Confirm that data was sent from the subledger.
                                                          • E. Verify the output of the Journal Import Request
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: A,C,E  🗳️

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

                                                          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 2 and 3 activities will be included in a single bill.
                                                          • B. Sites l and 3 activities will be included in a single bill.
                                                          • C. Sites 1, 2, and 3 activities will be included in a single bill.
                                                          • D. Sites 1 and 2 activities will be included in a single bill.
                                                          Reveal Solution  Discussion  0

                                                          Correct Answer: D  🗳️

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

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