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A Oracle credential still carries serious weight with employers in 2026, and the Oracle Fusion Financials 11g Accounts Receivable Essentials is your way in. Prepare with PrepAwayExam and work through 123 practice questions built around the official 1z0-506 objectives.
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 |
| Real Exam Qty: | 75 |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Select, Multiple Choice |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Financials 11g General Ledger Essentials Oracle Fusion Financials 11g Payables Essentials |
| Passing Score: | 60% |
| 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 |
|---|---|---|
| Topic 1: Receipt Processing and Application | 20% | - Receipt Application
|
| Topic 2: Customer Management | 20% | - Customer Accounts
|
| Topic 3: Receivables Setups | 22% | - Transactions Setup
|
| Topic 4: Collections and Period Close | 13% | - Period Close
|
| Topic 5: Transaction Processing | 25% | - Invoicing
|
1z0-506 Exam FAQ: Prep, Registration, and Policies Explained
Yes. PrepAwayExam offers a free PDF demo of the 1z0-506 practice questions so you can check the quality, the format, and the difficulty level before you spend anything. After you purchase, you also receive 365 days of free updates, and if the product expires you can extend the update service at a 50% discount from your member zone.
The 1z0-506 exam contains 75 questions and gives you 120 minutes to complete them. That works out to a brisk pace, so you cannot afford to stall on a single tricky item — flag it, move on, and circle back if time allows. Before exam day, run at least two timed mock sessions with the PrepAwayExam desktop or online test engine; practicing against a real clock turns the official time limit into a comfortable rhythm instead of a source of panic.
The 1z0-506 exam (full name: Oracle Fusion Financials 11g Accounts Receivable Essentials) is a Oracle certification exam that leads to the Oracle Fusion Financials 11g Receivables and Collections Implementer credential, positioned at the Specialist level. It validates the skills Oracle expects from professionals working with its technologies, and passing it is the key step toward getting certified. It also sits within a broader certification path that includes Oracle Fusion Financials 11g General Ledger Essentials, Oracle Fusion Financials 11g Payables Essentials.
The Oracle Fusion Financials 11g Accounts Receivable Essentials exam is organized into 5 domains. The main areas include Receivables Setups (22%), Receipt Processing and Application (20%), and Transaction Processing (25%). Scroll up to the exam syllabus section on this page for the complete topic-by-topic outline.
No formal prerequisites; recommended experience with Oracle Fusion Financials and basic accounting knowledge
Eligibility requirements can change, so before you register, confirm the latest criteria on the official Oracle exam page.
To pass the 1z0-506 exam you need a score of 60%, and the official registration fee is $245 USD. Keep in mind that a failed attempt comes at full price: retaking the exam means paying the entire fee again. A smart way to protect that investment is to self-test first — work through the 123 practice questions at PrepAwayExam until your timed scores sit comfortably above the passing line before you book a seat.
Oracle recommends the following training resources for the Oracle Fusion Financials 11g Accounts Receivable Essentials:
Official courses build the theory; pair them with the 123 practice questions from PrepAwayExam to turn that knowledge into exam-ready speed and accuracy.
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You can register for the Oracle Fusion Financials 11g Accounts Receivable Essentials through the official channels below:
The 1z0-506 exam is delivered Online proctored (OnVUE) or onsite at Pearson VUE authorized test centers, so choose the option that best fits your schedule when you book.
Oracle Fusion Financials 11g Accounts Receivable Essentials Sample Questions:
What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?
- A. Incomplete Transaction
- B. Reverse the Transaction
- C. Complete and Review
- D. Create a New Transaction
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Which three transaction types are used to generate late charges?
- A. Invoice Interest
- B. Adjustments against the original transaction
- C. Debit Memo
- D. Cash Receipts
- E. Credit Memo
Correct Answer: A,B,C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
What is true about the aged dunning method?
- A. Multiple aged dunning letters are sent to the same customer who has more than one delinquent transaction.
- B. The content of the dunning letter will NOT change as the oldest aged transaction moves into next aging bucket.
- C. Aged dunning sends dunning letters based on the age of the oldest transaction.
- D. Aged dunning sends dunning letters based on the age of the oldest translation and the number of days since the last letter was sent.
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
A dunning letter issued at the customer business operational-level includes which transactions?
- A. Only bill-to-location-level transactions
- B. Customer-, account-, AND bill-to-location level transactions
- C. Only customer-level transactions
- D. Only account level transactions.
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.
- A. The transaction type is NOT associated to a credit memo type.
- B. The transaction is partially paid.
- C. The transaction balance is zero.
- D. The transaction date falls in a closed period.
Correct Answer: A 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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