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Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Receivables Configuration | - System Setup
|
| Topic 2: Collections and Billing Extensions | - Advanced Receivables Functions
|
| Topic 3: Customer and Account Configuration | - Customer Setup
|
| Topic 4: Processing Customer Payments | - Receipt Management
|
| Topic 5: Managing Customer Billing | - Transaction Processing
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
- A. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
- B. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
- C. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
- D. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
- E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
Correct Answer: A,C 🗳️
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
- A. Applying a customer payment in the Aging Tab.
- B. Changing the collector in the Profile Tab.
- C. Creating a credit memo in the Transactions Tab.
- D. Processing a payment promise in the Transactions Tab.
- E. Adding new customer contacts in the Contacts tab.
Correct Answer: B,D,E 🗳️
Which two statements are true regarding the Promise to Pay feature in the Collections application?
- A. Mass promise to pay amounts automatically become partial payments.
- B. Promise information is updated by scheduling the Promise Reconciliation process.
- C. You cannot cancel a promise made in error if it is before the promise due date.
- D. You can cancel a promise made in error if it is before the promise due date.
Correct Answer: A 🗳️
You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?
- A. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"
- B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
- C. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
- D. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
Correct Answer: B 🗳️
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
- A. Receipt Batches
- B. Lockbox Exceptions
- C. Unapplied Credits
- D. Unapplied Receipts
- E. Unidentified Receipts
Correct Answer: E 🗳️
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