Oracle 1z1-506 Exam Details & Actual Exam Questions

  • Exam Code/Number: 1z1-506
  • Exam Name/Title: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Applications
  • Exam Questions: 123
  • Updated On: Sep,16 2026
  • Certification Level: Specialist

Oracle Fusion Financials 11g Accounts Receivable Essentials Exam Questions

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Oracle 1z1-506 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Financials 11g Accounts Receivable Essentials
Exam Number:1z0-506
Related Certifications:Oracle Fusion Financials 11g General Ledger Essentials
Oracle Fusion Financials 11g Payables Essentials
Certificate Validity Period:No expiration
Real Exam Qty:75
Exam Format:Multiple Choice, Multiple Select
Available Languages:English
Exam Duration:120 minutes
Passing Score:60%
Exam Price:$245 USD
Recommended Training:Oracle Fusion Financials 11g Accounts Receivable Essentials Training
Exam Registration:Oracle University Registration
Pearson VUE Scheduling
Sample Questions:Oracle 1z1-506 Sample Questions
Exam Way:Online proctored (OnVUE) or onsite at Pearson VUE authorized test centers
Pre Condition:No formal prerequisites; recommended experience with Oracle Fusion Financials and basic accounting knowledge
Official Syllabus URL:https://education.oracle.com/oracle-fusion-financials-11g-accounts-receivable-essentials/trackp_192

Oracle 1z1-506 Exam Syllabus Topics:

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


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