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Oracle Fusion Financials 11g Accounts Receivable Essentials - 1z0-506 real prep

1z0-506
  • Exam Code: 1z0-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Dec 13, 2025
  • Q & A: 123 Questions and Answers
  • PDF Version

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  • PDF Price: $59.98
  • Oracle 1z0-506 Value Pack

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  • PDF Version + PC Test Engine + Online Test Engine (free)
  • Value Pack Total: $79.98

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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. 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 View Error Details link in the Autoinvoice errr 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 Number of Errors link in the Autoinvoice error region to open a workbook with the specific error record.


2. The billing Specialist creates an adjustment for an INCORRECT invoice and sends it for approval through the review and Manage Transaction link in the Billing Work Area. Since the adjustment amount is above approval limit, it is routed to the Billing Manager. What is the status of the Adjustment when the approver sees the adjustment in his Work Queue?

A) Waiting Approval
B) Pending Research
C) Approval Required
D) Pending Approval


3. The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?

A) Unapplied Receipts
B) Pending Confirmation
C) On Account Receipts
D) Pending Approval
E) Pending Clearance


4. The Billing Specialist has entered an invoice in a foreign currency. After completing the invoice she realized that she has to adjust the conversion rate on the transaction. The invoice is already paid and has a receipt applied to it. Which is the setup that is NOT relevant to the Billing Specialist?

A) Incomplete the transaction.
B) Reverse the transaction.
C) Recreate the transaction at a new rate.
D) Adjust the conversion rate.


5. 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 1 and 2 activities will be included in a single bill.
B) Sites 2 and 3 activities will be included in a single bill.
C) Sites l and 3 activities will be included in a single bill.
D) Sites 1, 2, and 3 activities will be included in a single bill.


Solutions:

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

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