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Oracle 1Z0-1056-24 Braindumps - in .pdf Free Demo

  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Last Updated: Aug 22, 2026
  • Q & A: 144 Questions and Answers
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  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Last Updated: Aug 22, 2026
  • Q & A: 144 Questions and Answers
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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Processing Customer Payments- Create and process receipts
- Create and process receipt exceptions
- Create and process bills receivables remittances
Topic 2: Managing Customer Billing- Manage the AutoInvoice process
- Manage transaction printing
- Calculate transactional tax
- Manage AutoInvoice corrections
- Create and process transactions
Topic 3: Configuring and Using Advanced Collections- Design and use scoring strategies
- Configure advanced collections
- Manage collections activities
Topic 4: Reporting for Account Receivables and Advanced Collections- Report with Oracle Transactional Business Intelligence (OTBI)
- Report with Business Intelligence Publisher (BIP)
- Generate account receivables reconciliation
Topic 5: Configuring Customer Payments- Configure and manage Automatic Receipts and Funds Capture
- Configure and manage Customer Receipts
- Configure and manage Lockbox
Topic 6: Configuring Customer Billing- Manage AutoAccounting
- Manage AutoInvoicing
- Manage resources, salesperson, sales credits, and salesperson account references
- Configure revenue for Receivables
- Manage transaction types, transaction sources, Items, and memo lines
Topic 7: Configuring Common Receivables- Configure Cash Management
- Configure Receivables using Rapid Implementation
- Configure Sub Ledger Accounting
- Configure Receivables
- Configure and import customers
- Integrate Receivables with other applications
- Configure Tax
Topic 8: Configuring Bill Management- Configure and use Oracle Bill Management

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?

A) immediately
B) after 60 days
C) only after manual intervention
D) after 100 days


2. What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

A) scheduling periodic write-offs to occur in future periods
B) scheduling periodic write-offs as receipt adjustments for old remaining balances
C) creating write-offs for specific currencies and customers
D) limiting write-offs by a percentage of the original receipt amount
E) scheduling periodic write-offs as receipt adjustments for small remaining balances


3. Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

A) Description Rule
B) Transaction References
C) Supporting References
D) Mapping Set


4. You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

A) Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
B) The customer does not have the default strategy and default collector assigned at the customer account and site level.
C) The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
D) Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
E) The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
F) Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.


5. What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)

A) Correct Funds Transfer Errors
B) Create Receipt Remittance Batch
C) Manage Receipt Remittance Batches
D) Lockbox Transmission History
E) Create Automatic Receipts


Solutions:

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

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