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Oracle 1z1-506 real answers - Oracle Fusion Financials 11g Accounts Receivable Essentials

1z1-506
  • Exam Code: 1z1-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Sep 12, 2025
  • Q & A: 123 Questions and Answers
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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The Billing Manager has to Bill Adjustment Duty role associated with him. Which task he cannot perform?

A) Dispute Receivables Transaction
B) Update Receivables Invoice
C) Update Receivables Credit memo
D) Review Customer Account Activities


2. Which feature allows Collectors to comment on interactions with customers?

A) Customer Application Comments
B) Complex Application Components
C) Client Application Components
D) Common Application Components
E) Consumer Application Comments


3. Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-seeded templates are available?

A) 6
B) 4
C) 5
D) 8


4. What information does the Collector see in the Activities List area of the Collections Dashboard?

A) Tasks assigned to the Collector, such as follow up calls
B) Customer search as per the parameters specified
C) Status of processing activities from the Process Monitor
D) Information about customers who have overdue bills


5. You have completed the period-end activities and have set the receivables period to Close Pending. Now you need to make further adjustments. What is the correct approach?

A) Adjustments can be made even if the receivables accounting period is set to Close Pending.
B) Adjustments can be made anytime regardless of the receivables accounting period value.
C) The receivables accounting period can be re-opened when the period status is Close Pending, and last minute adjustments can be made.
D) Once the receivables accounting period is set to Close Pending, it can NOT be re-opened, and NO further adjustments can be made.


Solutions:

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

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