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Updated: Aug 31, 2026
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Oracle 1z1-506 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials 11g Accounts Receivable Essentials |
| Exam Number: | 1Z0-506 |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 245 |
| Related Certifications: | Oracle Fusion Financials 11g Certified Implementation Specialist |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Passing Score: | Unknown |
| Certificate Validity Period: | Oracle certifications of this generation generally do not specify a fixed validity period |
| Real Exam Qty: | Approximately 60 |
| Sample Questions: | Oracle 1z1-506 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 1z1-506 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Enterprise and Receivables Configuration | - Receivables System Options
|
| Receivables Implementation Overview | - Oracle Fusion Financials Architecture
|
| Reporting and Period Close | - Reporting
|
| Receipts and Cash Management | - Receipt Application
|
| Collections and Credit Management | - Credit Management
|
| Customer and Account Management | - Customer Data
|
| Transaction Processing | - Billing and Invoicing
|
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
Question 1
Which feature allows Collectors to comment on interactions with customers?
A. Complex Application Components
B. Consumer Application Comments
C. Common Application Components
D. Client Application Components
E. Customer Application Comments
Question 2
A grouping rule you created in the system specifies that the Items should match all mandatory and optional attributes. What logic is used to create the invoices from the transaction file through Autoinvoicing?
Item A: USD (Currency), ACME (Bill-to). 5001 (Order Number), Domestic (Order Type), 1 (Transaction Number)
Item B: USD (Currency), ACME (Bill to), 5002(Order Number), Domestic (Order Type), 1 (Transaction Number)
Item C: USD (Currency), ACME (Bill to), 112 (Order Number), No Ship (Order Type), 2 Transaction Number)
Item D: USD (Currency), BONN (Bill to), 501 (Order Number), International (Order Type), 3 (Transaction Number)
A. Item A from Invoice 1, Item B from Invoice 2, Item C from Invoice 3, Item D from Invoice 4
B. Items A and B from Invoice 1, Item C from Invoice 2, Hem D from Invoice 3
C. Items A and B from Invoice 1, Items C and D from Invoice 2
D. Item A from Invoice 1, Item B from Invoice 2, Items C and D from Invoice 3
Question 3
You have completed the period-end activities and have set the receivables period to Close Pending. Now you need to make further adjustments. What is the correct approach?
A. Once the receivables accounting period is set to Close Pending, it can NOT be re-opened, and NO further adjustments can be made.
B. Adjustments can be made anytime regardless of the receivables accounting period value.
C. Adjustments can be made even if the receivables accounting period is set to Close Pending.
D. The receivables accounting period can be re-opened when the period status is Close Pending, and last minute adjustments can be made.
Question 4
The interactive Receivables to General ledger Reconciliation Report allows reconciliation.
A. only by account balancing segment
B. only by specific organization
C. only by ledger
D. by ledger, specific organization, OR account balancing segment
Question 5
The drilldown option available in the task pane for receipts does NOT include ____________.
A. Create Receipt via Spreadsheet
B. Correct Funds Transfer Errors
C. Create Remittance via Spreadsheet
D. Lockbox Transmission History
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: B |
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