Prepare with Oracle 1z1-506 exam practice material, pass for sure
Updated: May 28, 2026
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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
1. In what scenario would you delete the receipt?
A) No payment is received from the customer for the receipt amount.
B) The receipt has been created but NOT yet applied to the transaction.
C) The receipt has been applied to the wrong transaction.
D) The payment needs to be returned to the customer.
2. You want the flexibility to void a debit memo or credit memo if there is no activity on the transaction.
What setup is needed on the Void transaction type definition to achieve this objective?
A) Set the Open Receivables option to Yes and Post to GL Option to No.
B) Set the Open Receivables option to No and the Post to GL option to No.
C) Set the Open Receivables option to No and the Post to GL option to Yes.
D) Set the Open Receivables option to Yes and the Post to GL option to Yes.
3. The collections Manager wants to see a summary of delinquency data for a specific customer. Which tab will display the summary delinquency data?
A) Transactions lab
B) Contacts tab
C) Profile lab
D) Customer Aging tab
4. 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) Create an open debit memo.
D) Apply, reverse, or process the receipt.
5. Your company operates in an environment of a highly inflationary economy and fluctuating exchange rates.
Which data conversion level should you use?
A) Adjustment Only
B) Only Journal Level
C) Balance Level
D) Subledger Level or Journal Level
E) Only Subledger Level
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: E |
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