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

1z1-506 pass collection

Exam Code: 1z1-506

Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials

Updated: May 30, 2026

Q & A: 123 Questions and Answers

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

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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

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

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


2. You have created an Autocash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice.
-Discount = Earned Only -Late charges = NO -Receipt = $900 -Receipt date = 14-Feb-2010 -Discount Grace Days = 5
Which Transaction will be applied to the receipt?

A) Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2010, Due Date: 28-Feb 2010
B) Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010. Due Date 28-Feb-2010
C) Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010, Due Date: 20-Feb-2010
D) Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Fob-2010, Due Date 24-Feb-2010


3. The Accounts Receivable Specialist associated duty include which three duties?

A) Receivables Accounting Duty
B) Receipt Creation Duty
C) Trading Community Hierarchy Management Duty
D) Import Payables invoices Duty
E) Payment Settlement Management Duty


4. Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.

A) The transaction balance is zero.
B) The transaction type is NOT associated to a credit memo type.
C) The transaction is partially paid.
D) The transaction date falls in a closed period.


5. What two items are required for customer invoicing?

A) Remit-to address
B) Lockbox
C) Customer Profile Classes
D) Customers


Solutions:

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

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