Oracle Oracle Fusion Financials 11g Accounts Receivable Essentials - 1z1-506 Valid Dumps

Updated: May 28, 2026
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Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:

1. The common subledger period close management UI allows the user to__________.

A) Manage the accounting period status.
B) Balance the entries after they are transferred to the general ledger .
C) Transfer unbalanced entries to the general ledger.
D) Access all subledgers.
E) Bill and automate customer payments for adjustment approval processing


2. Which three scenarios require a debit memo reversal?

A) To reverse Receipt A that was applied to Receipt B and reversal would draw balance of Receipt B negative
B) To reverse Receipt A that was applied to Receipt B and where the reversal draws balance of Receipt B positive
C) To reverse a miscellaneous receipt
D) To reverse a receipt that has a chargeback with an adjustment against it
E) To reverse a receipt with remitted credit card refund application


3. In what scenario would you delete the receipt?

A) No payment is received from the customer for the receipt amount.
B) The payment needs to be returned to the customer.
C) The receipt has been created but NOT yet applied to the transaction.
D) The receipt has been applied to the wrong transaction.


4. The method used to capture receipts data in mass while offline and upload the receipts at a later data is called ____________.

A) Lockbox receipts
B) Manual receipt entry
C) Automatic receipts
D) Receipts via spread sheet.


5. What are the three valid statements related to third-party control accounts that have the type Customer?

A) The subledger journal entry lines that use this account MUST have customer information.
B) When the third party control account is assigned to a journal line, information such as name and site MUST be provided.
C) The customer subledger third party balances will be updated when Journal is completed to Draft Status.
D) The subledger Journal entry lines that use this account need not have customer information
E) The customer sub ledger third-party balances will be updated when Journal is completed to Final Status.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A,D,E
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: A,B,E

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