Oracle 1z0-506 - Oracle Fusion Financials 11g Accounts Receivable Essentials
- Exam Code: 1z0-506
- Exam Name: Oracle Fusion Financials 11g Accounts Receivable Essentials
- Updated: Aug 19, 2026
- Q & A: 123 Questions and Answers
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| Section | Objectives |
|---|---|
| Collections and Credit Management | - Credit Management
|
| Reporting and Period Close | - Reporting
|
| Receipts and Cash Management | - Receipt Application
|
| Customer and Account Management | - Customer Data
|
| Transaction Processing | - Accounting
|
| Enterprise and Receivables Configuration | - Enterprise Structures
|
| Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
1. 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: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010, Due Date: 20-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: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2010, Due Date: 28-Feb 2010
D) Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Fob-2010, Due Date 24-Feb-2010
2. A company has implemented a flat interest calculation late charges. Determine the late charge based on:
-Amount Overdue = $1,500 -Interest Rate = 20% -Days Overdue = 10 -Days in period = 30 -Outstanding Charges = $80
A) $100
B) $1,580
C) $105.33
D) $300
3. A dunning letter issued at the customer business operational-level includes which transactions?
A) Only customer-level transactions
B) Customer-, account-, AND bill-to-location level transactions
C) Only bill-to-location-level transactions
D) Only account level transactions.
4. You have entered invoices using the Autoinvoicing Feature. How can you review the records that are in error?
A) Click the View Error Details link in the Autoinvoice errr region to open a workbook with the specific: error record.
B) Click the Number of Errors link in the Autoinvoice error region to open a workbook with the specific error record.
C) Click the Manage Autoinvoice Lines link to open a workbook with the specific error record.
D) Click the View Autoinvoice Lines link to open a workbook wild the specific error record.
5. When a customer opts to make a payment by a credit card, this receipt is identified as a (n) _____________.
A) automatic receipt
B) manual receipt
C) QuickCash receipt
D) miscellaneous receipt
E) Autolockbox receipt
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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