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

1z1-506

Exam Code: 1z1-506

Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials

Updated: May 17, 2025

Q & A: 123 Questions and Answers

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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. In what scenario would you delete the receipt?

A) The receipt has been created but NOT yet applied to the transaction.
B) No payment is received from the customer for the receipt amount.
C) The payment needs to be returned to the customer.
D) The receipt has been applied to the wrong 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) Navigate to credit transaction link in the billing work area, credit the entire amount, and enter a new invoice for Customer B.
B) Create an adjustment for the entire amount and create a negative adjustment 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. Select three values that the dunning letter generation program includes.

A) Unapplied
B) Prepayments
C) Invoice
D) Credit memo
E) Debit memo


4. Select two values that are set up in Correspondence Configuration.

A) Exclude from dunning
B) Rerun the dunning process
C) Dunning letter options
D) Dunning configuration set


5. The Billing manager has navigated to the Billing Work Area to complete a transaction. The Incomplete transactions Overview Region on the Billing Work Area page has a drilldown option through which column to complete the transaction?

A) Transaction Date
B) transaction Source
C) Transaction Class
D) Transaction Number


Solutions:

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

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