Download Oracle : 1z0-506 Questions & Answers as PDF & Test Software
Updated: Jun 02, 2026
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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. You are an Accounts Receivables Manager and you have the Receivables Inquiry Duty role attached to your Job Role. What tasks are you allowed to perform under this duty role?
A) View Receivables Invoices
B) View Receivables Credit Memos
C) Dispute Receivable transactions
D) Review Customer Account Activities
E) View Receivables Receipts
2. What information does the Collector see in the Activities List area of the Collections Dashboard?
A) Information about customers who have overdue bills
B) Status of processing activities from the Process Monitor
C) Customer search as per the parameters specified
D) Tasks assigned to the Collector, such as follow up calls
3. The client has implemented revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and acceptance clause (100 days). Explain when revenue will be recognized.
A) Recognized Immediately
B) Recognized only after manual intervention
C) Recognized after 60 days
D) Recognized after 100 days
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) Transactions tab
B) Transaction aging tab
C) Customer Aging tab
D) Transaction Details tab
5. Which three scenarios require a debit memo reversal?
A) To reverse a miscellaneous receipt
B) To reverse a receipt that has a chargeback with an adjustment against it
C) To reverse Receipt A that was applied to Receipt B and where the reversal draws balance of Receipt B positive
D) To reverse Receipt A that was applied to Receipt B and reversal would draw balance of Receipt B negative
E) To reverse a receipt with remitted credit card refund application
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B,D,E |
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