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

Updated: Jul 18, 2026

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1z0-506 guide torrent
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials

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Oracle 1z0-506 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Transaction Processing25%- Invoicing
  • 1. Manage credit and debit memos
    • 2. Correct and adjust transactions
      • 3. Create and update invoices
        - Revenue Management
        • 1. Define revenue recognition policies
          • 2. Review revenue accounting
            • 3. Manage contingencies
              Topic 2: Receipt Processing and Application20%- Receipt Creation
              • 1. Process automatic receipts
                • 2. Import receipts via lockbox
                  • 3. Enter manual receipts
                    - Receipt Application
                    • 1. Apply receipts to open items
                      • 2. Process chargebacks and adjustments
                        • 3. Manage unapplied and on-account receipts
                          Topic 3: Customer Management20%- Credit Management
                          • 1. Configure credit checking rules
                            • 2. Set up credit limits
                              - Customer Accounts
                              • 1. Manage customer sites and contacts
                                • 2. Create and maintain customer accounts
                                  • 3. Define profile classes
                                    Topic 4: Collections and Period Close13%- Period Close
                                    • 1. Complete receivables period close
                                      • 2. Reconcile to general ledger
                                        • 3. Generate reports and inquiries
                                          - Collections Management
                                          • 1. Manage dunning and correspondence
                                            • 2. Process disputes and follow-ups
                                              • 3. Use collections dashboard
                                                Topic 5: Receivables Setups22%- Transactions Setup
                                                • 1. Define transaction types
                                                  • 2. Set up memo lines
                                                    • 3. Configure transaction sources
                                                      - System Options
                                                      • 1. Configure accounting options
                                                        • 2. Define receivables system options
                                                          • 3. Set up autoaccounting
                                                            - Receipts Setup
                                                            • 1. Set up remittance bank accounts
                                                              • 2. Configure autoCash rule sets
                                                                • 3. Define receipt classes and methods

                                                                  Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                                  1. What is true about the aged dunning method?

                                                                  A) Multiple aged dunning letters are sent to the same customer who has more than one delinquent transaction.
                                                                  B) Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent.
                                                                  C) The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket.
                                                                  D) Aged dunning sends dunning letters based on the age of the oldest transaction.


                                                                  2. Which are the two interface tables that transaction data will be imported to when using the Autoinvoice Feature?

                                                                  A) RA_INTERFACE_DIST_ALL
                                                                  B) AR_INTERFACE_CONT_ALL
                                                                  C) AR_INTERFACE_CONTS_ALL
                                                                  D) RA_INTERFACE_DISTRIBUTIONS_ALL
                                                                  E) RA_INTERFACE_SALES_ALL


                                                                  3. Where is the summary delinquency data displayed on the Collections Dashboard?

                                                                  A) Profiles tab
                                                                  B) Transactions tab
                                                                  C) Correspondence tab
                                                                  D) Customer Aging tab


                                                                  4. The Receivables Dashboard provides Information on Incomplete transactions. What are the parameters the dashboard uses to provide this information?

                                                                  A) Period, Business Unit, Transaction Type, Amount
                                                                  B) Period, Business Unit, Status, Batch Type
                                                                  C) Period, Business Unit, Type, Amount
                                                                  D) Period, Business Unit, Transaction Source, Amount


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

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


                                                                  Solutions:

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

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