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  • Total Questions: 123
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From the free demo to instant delivery, from 365 days of updates to a money-back guarantee, ActualTestsIT covers every step of your Oracle Fusion Financials 11g Accounts Receivable Essentials journey in 2026. Pick your 1z0-506 package, work through 123 expert-verified questions, and book your exam with confidence.

Oracle 1z0-506 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Financials 11g Accounts Receivable Essentials
Exam Number:1z0-506
Exam Duration:120 minutes
Certificate Validity Period:No expiration
Passing Score:60%
Exam Price:$245 USD
Real Exam Qty:75
Exam Format:Multiple Select, Multiple Choice
Available Languages:English
Related Certifications:Oracle Fusion Financials 11g General Ledger Essentials
Oracle Fusion Financials 11g Payables Essentials
Recommended Training:Oracle Fusion Financials 11g Accounts Receivable Essentials Training
Exam Registration:Oracle University Registration
Pearson VUE Scheduling
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored (OnVUE) or onsite at Pearson VUE authorized test centers
Pre Condition:No formal prerequisites; recommended experience with Oracle Fusion Financials and basic accounting knowledge
Official Syllabus URL:https://education.oracle.com/oracle-fusion-financials-11g-accounts-receivable-essentials/trackp_192

Oracle 1z0-506 Exam Syllabus Topics:

SectionWeightObjectives
Collections and Period Close13%- Period Close
  • 1. Complete receivables period close
    • 2. Reconcile to general ledger
      • 3. Generate reports and inquiries
        - Collections Management
        • 1. Process disputes and follow-ups
          • 2. Use collections dashboard
            • 3. Manage dunning and correspondence
              Transaction Processing25%- Revenue Management
              • 1. Review revenue accounting
                • 2. Define revenue recognition policies
                  • 3. Manage contingencies
                    - Invoicing
                    • 1. Manage credit and debit memos
                      • 2. Correct and adjust transactions
                        • 3. Create and update invoices
                          Receivables Setups22%- System Options
                          • 1. Define receivables system options
                            • 2. Configure accounting options
                              • 3. Set up autoaccounting
                                - Receipts Setup
                                • 1. Configure autoCash rule sets
                                  • 2. Set up remittance bank accounts
                                    • 3. Define receipt classes and methods
                                      - Transactions Setup
                                      • 1. Define transaction types
                                        • 2. Set up memo lines
                                          • 3. Configure transaction sources
                                            Receipt Processing and Application20%- Receipt Application
                                            • 1. Process chargebacks and adjustments
                                              • 2. Apply receipts to open items
                                                • 3. Manage unapplied and on-account receipts
                                                  - Receipt Creation
                                                  • 1. Import receipts via lockbox
                                                    • 2. Process automatic receipts
                                                      • 3. Enter manual receipts
                                                        Customer Management20%- Customer Accounts
                                                        • 1. Create and maintain customer accounts
                                                          • 2. Define profile classes
                                                            • 3. Manage customer sites and contacts
                                                              - Credit Management
                                                              • 1. Configure credit checking rules
                                                                • 2. Set up credit limits

                                                                  Oracle 1z0-506 FAQs: What Every Candidate Asks

                                                                  The 1z0-506 exam, officially titled Oracle Fusion Financials 11g Accounts Receivable Essentials, is the qualifying test for the Oracle Fusion Financials 11g Receivables and Collections Implementer certification from Oracle, a credential at the Specialist level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as Oracle Fusion Financials 11g General Ledger Essentials, Oracle Fusion Financials 11g Payables Essentials.

                                                                  The Oracle Fusion Financials 11g Accounts Receivable Essentials exam gives you 120 minutes to work through 75 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the ActualTestsIT test engine — when the clock feels familiar, it stops being a threat.

                                                                  You need 60% to pass, and the official registration fee is $245 USD. Fall short and you pay that fee in full again for every retake, which makes solid preparation the cheaper option by far. Work through the ActualTestsIT practice questions until you score comfortably above the passing mark, then book your seat.

                                                                  No formal prerequisites; recommended experience with Oracle Fusion Financials and basic accounting knowledge Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: Oracle 1z0-506 exam overview.

                                                                  You can book your 1z0-506 exam through any of these official registration channels:

                                                                  The exam is delivered as Online proctored (OnVUE) or onsite at Pearson VUE authorized test centers, so you can pick the option that fits your schedule when you book.

                                                                  Oracle recommends the following training for Oracle Fusion Financials 11g Accounts Receivable Essentials candidates:

                                                                  Pair that training with the 123 practice questions from ActualTestsIT and you can check your readiness topic by topic before exam day.

                                                                  Yes. ActualTestsIT offers a free PDF demo for the Oracle Fusion Financials 11g Accounts Receivable Essentials exam so you can judge the quality of our questions and answers before paying anything. Every purchase also comes with 365 days of free updates, and once that period expires you can extend your update service at a 50% discount.

                                                                  Your purchase is protected by a 100% money-back guarantee. If you sit the corresponding 1z0-506 exam within 60 days of buying and do not pass, send us a scan of your exam enrollment slip together with your official Score Report (PDF) within 2 days of the exam date — the candidate name must match the payer's name — and we will process your full refund within 7 days. Please note that exams taken within 3 days of purchase, materials downloaded without ever sitting the exam, free products, and expired orders are not covered. If you would rather not have a refund, you can exchange your order for two exam products of equal value, free of charge, and keep the update service on your original purchase.

                                                                  Delivery is instant: your files are emailed to you within one minute of payment and can also be downloaded directly, with no limit on the number of computers you install them on. If nothing has arrived within 2 hours, contact our customer service team and we will sort it out.

                                                                  The Oracle Fusion Financials 11g Accounts Receivable Essentials syllabus is organized into 5 domains. The main areas include Collections and Period Close (13%), Receivables Setups (22%), and Transaction Processing (25%). Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.

                                                                  Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

                                                                  Which three steps of the Fund Capture Process are controlled by rules in the Fund Capture Process Profile?

                                                                  • A. Creation of Settlement grouping rules
                                                                  • B. Transmitting messages to the payment system
                                                                  • C. Formatting messages
                                                                  • D. Building Settlements into a settlement batch
                                                                  • E. Creation of routing rules
                                                                  Reveal Solution  Discussion  0

                                                                  Correct Answer: B,C,D  🗳️

                                                                  Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                                                                  The interactive Receivables to General ledger Reconciliation Report allows reconciliation.

                                                                  • A. only by ledger
                                                                  • B. by ledger, specific organization, OR account balancing segment
                                                                  • C. only by specific organization
                                                                  • D. only by account balancing segment
                                                                  Reveal Solution  Discussion  0

                                                                  Correct Answer: A  🗳️

                                                                  Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                                                                  Select three values that default from Customer Profile Classes.

                                                                  • A. Business Purpose
                                                                  • B. Legal Entity
                                                                  • C. Currency
                                                                  • D. Payment Terms
                                                                  • E. Statement Cycle
                                                                  Reveal Solution  Discussion  0

                                                                  Correct Answer: C,D,E  🗳️

                                                                  Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                                                                  What two items are required for customer invoicing?

                                                                  • A. Remit-to address
                                                                  • B. Customers
                                                                  • C. Customer Profile Classes
                                                                  • D. Lockbox
                                                                  Reveal Solution  Discussion  0

                                                                  Correct Answer: A,B  🗳️

                                                                  Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                                                                  Your company has three sites defined in the system site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and site 2 at the account level. How will bills be generated?

                                                                  • A. Sites 1, 2, and 3 activities will be included in a single bill.
                                                                  • B. Sites 1 and 2 activities will be included in a single bill.
                                                                  • C. Sites l and 3 activities will be included in a single bill.
                                                                  • D. Sites 2 and 3 activities will be included in a single bill.
                                                                  Reveal Solution  Discussion  0

                                                                  Correct Answer: B  🗳️

                                                                  Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

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