Oracle 1Z0-1056-24 actual dump : Oracle Financials Cloud: Receivables 2024 Implementation Professional

1Z0-1056-24
  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Updated: Aug 20, 2026
  • Q & A: 144 Questions and Answers

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Oracle 1Z0-1056-24 Exam Syllabus Topics:

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

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which two determinant types are used in reference data assignment? (Choose two.)

A) Account Segment
B) Business Unit
C) Project Segment
D) Project unit


2. You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?

A) Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
B) Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
C) Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
D) Cash Managers can create and manage bank accounts for only those business units to which they are given access.


3. When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?

A) One per Customer, per due date
B) One per Site. per due date
C) One per Customer
D) One per Invoice


4. To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

A) Revenue Contingencies
B) Receivable Specialists
C) Revenue Types
D) Collectors
E) Standard Memo Lines


5. What are the three setup steps required to implement the Lockbox feature? (Choose three.)

A) credit card refunds
B) Receipt Sources
C) late charges
D) Lockbox and Lockbox Transmission Formats
E) Receipt Classes and Receipt Methods


Solutions:

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

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