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Updated: Aug 13, 2026
No. of Questions: 123 Questions & Answers with Testing Engine
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Oracle 1z0-506 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g Accounts Receivable Essentials |
| Exam Number: | 1Z0-506 |
| Available Languages: | English |
| Passing Score: | Unknown |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle Fusion Financials 11g Certified Implementation Specialist |
| Exam Price: | USD 245 |
| Real Exam Qty: | Approximately 60 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Oracle certifications of this generation generally do not specify a fixed validity period |
| Sample Questions: | Oracle 1z0-506 Sample Questions |
| Exam Way: | Pearson VUE authorized testing center or Oracle-authorized online proctored delivery (subject to Oracle policies at the time of scheduling). |
| Pre Condition: | No mandatory prerequisite exam publicly required; Oracle recommends hands-on implementation experience with Oracle Fusion Financials. |
| Official Syllabus URL: | https://www.oracle.com/education/certification/ |
Oracle 1z0-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Customer and Account Management | - Customer Data
|
| Receipts and Cash Management | - Receipt Application
|
| Reporting and Period Close | - Reporting
|
| Enterprise and Receivables Configuration | - Enterprise Structures
|
| Collections and Credit Management | - Credit Management
|
| Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Transaction Processing | - Billing and Invoicing
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. What are the three drilldown options available in the task pane for Receipt Remittance?
A) Apply credit memo
B) Manage receipt remittance batches
C) Manage fund transfers
D) Create receipt remittance batch
E) Lockbox transmission history
2. A customer calls into the Accounts Receivables Department asking for the balance of all invoices due in the next 30 days and has a question about a specific invoice line. As a Billing Specialist what action will you perform?
A) Review receipt-, in pending status
B) Review the invoice in the Review Customer Account Details user interface.
C) Apply, reverse, or process the receipt.
D) Create an open debit memo.
3. A Receivables Manager wants to override the receipt remittance bank account with the remittance batch bank account. Select three valid setups that will enable an override of the receipt remittance bank account.
A) Disable the Ignore Override option on the remittance batch.
B) Enable the Allow Override option on the receipt.
C) Both the receipt and remittance batch bank account should have different General Ledger at accounts defined.
D) Enable the Override Bank option on the receipt remittance bank.
E) Enable the Ignore the Override option on the remittance batch.
4. The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.
A) Transaction Details tab
B) Customer Aging tab
C) Transactions tab
D) Transaction aging tab
5. Which feature allows Collectors to comment on interactions with customers?
A) Customer Application Comments
B) Complex Application Components
C) Client Application Components
D) Consumer Application Comments
E) Common Application Components
Solutions:
| Question # 1 Answer: B,C,D | Question # 2 Answer: B | Question # 3 Answer: A,B,D | Question # 4 Answer: C | Question # 5 Answer: E |
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