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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:
| Section | Weight | Objectives |
|---|---|---|
| Collections and Period Close | 13% | - Period Close
|
| Transaction Processing | 25% | - Revenue Management
|
| Receivables Setups | 22% | - System Options
|
| Receipt Processing and Application | 20% | - Receipt Application
|
| Customer Management | 20% | - Customer Accounts
|
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.
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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
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
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
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
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.
Correct Answer: B 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
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