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

  • Exam Code: 1z1-506
  • Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
  • Updated: Jun 02, 2026
  • Q & A: 123 Questions and Answers

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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. ABC, Inc. has business units A and B.
ABC, Inc. acquires XYZ Corporation and adds business unit C.
The Receivable Manager can see only transactions for business units A and B, but NOT C.
Why is business unit C NOT visible to the Receivables Manager?

A) The Receivable Manager is NOT assigned with a data role relevant to business unit C.
B) Business units A and B represent different legal entities as compared to business unit C.
C) Business units A and B belong lo different ledgers than business unit
D) Business units A and C belong to different subledgers than business unit C.


2. An Invoice was billed incorrectly and the Billing Specialist has created an adjustment for the Invoice. The Billing Specialist submitted it for approval but it was rejected by the Billing Manager.
What is true in this scenario?

A) The adjustment is closed and the process is ended without any invoice or accounting impact.
B) The adjustment is routed back to the Billing Specialist for further action and is in the More Research status.
C) The adjustment is closed and the invoice balance is reduced by the adjustment amount.
D) The adjustment is routed back to the Billing Specialist with the Rejected status.


3. AutoCash rules apply to__________.

A) QuickCash
B) manual receipts
C) automatic receipts
D) credit card


4. When a customer opts to make a payment by a credit card, this receipt is identified as a (n) _____________.

A) QuickCash receipt
B) manual receipt
C) miscellaneous receipt
D) automatic receipt
E) Autolockbox receipt


5. The Collections Manager is identifying delinquent transactions, while submitting the Determine
Delinquency lining Scoring program, in which business unit will the collections Manager be able to view the parameters list?

A) Only the business unit to which the user belongs
B) Only those business units for which there are delinquent customers
C) Only those business units for which the user has access
D) All business units in the organization


Solutions:

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

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