Free Oracle 1z1-506 Exam Dumps Questions & Answers


Exam Code/Number:	1z1-506Join the discussion
Exam Name:	Oracle Fusion Financials 11g Accounts Receivable Essentials
Certification:	Oracle
Free Question Number:	123
Publish Date:	Aug 19, 2026
# of views:	2094
Rating 100%

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Total 123 questions

Question 1

For refund requests, Autoinvoice automatically places the on-account amount of a refund request if ____________ and ____________.

A.the receipt to be refunded has NOT yet been remitted
B.installments that existed on the transaction were fully paid
C.receipts with different payment types were used to pay the same transaction to be credited
D.the receipt does NOT have on account credit memo against it

Question 2

The Billing manager has navigated to the Billing Work Area to complete a transaction. The Incomplete transactions Overview Region on the Billing Work Area page has a drilldown option through which column to complete the transaction?

A.transaction Source
B.Transaction Number
C.Transaction Date
D.Transaction Class

Question 3

The Billing Specialist receives information that the invoice was billed with the incorrect freight amount.
What action is required?

A.A Dispute Request can be submitted by the Billing Specialist through the Billing Work Area.
B.Perform Debit memos when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be created.
C.The freight amount must be correct; the Billing Specialist must review it again.
D.Perform Credit Memos when the original invoice has billing error (such as incorrect freight amounts, line item pricing, tax amounts, and finance charges) or the entire invoice should be corrected.
E.Perform adjustments when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be corrected.

Question 4

Which three transaction types are used to generate late charges?

A.Adjustments against the original transaction
B.Invoice Interest
C.Credit Memo
D.Cash Receipts
E.Debit Memo

Question 5

What are the three drilldown options available in the task pane for Receipt Remittance?

A.Create receipt remittance batch
B.Apply credit memo
C.Lockbox transmission history
D.Manage receipt remittance batches
E.Manage fund transfers