- Exam Code: 1Z0-1056-24
- Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
- Certification Provider: Oracle
- Corresponding Certification:Oracle Financials Cloud
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Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Customer and Account Configuration | - Customer Setup
|
| Topic 2: Managing Customer Billing | - Transaction Processing
|
| Topic 3: Collections and Billing Extensions | - Advanced Receivables Functions
|
| Topic 4: Processing Customer Payments | - Receipt Management
|
| Topic 5: Receivables Configuration | - System Setup
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
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. Adding new customer contacts in the Contacts tab.
- D. Processing a payment promise in the Transactions Tab.
- E. Creating a credit memo in the Transactions Tab.
Correct Answer: B,C,D 🗳️
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
- A. limiting write-offs by a percentage of the original receipt amount
- B. scheduling periodic write-offs as receipt adjustments for old remaining balances
- C. scheduling periodic write-offs as receipt adjustments for small remaining balances
- D. scheduling periodic write-offs to occur in future periods
- E. creating write-offs for specific currencies and customers
Correct Answer: A,C,E 🗳️
When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?
- A. First Review Date
- B. Credit Limit
- C. Order line Credit Limit
- D. Credit Review Cycle
Correct Answer: A,D 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
Identify two values that default from Customer Profile Classes. (Choose two.)
- A. Legal Entity
- B. Business Purpose
- C. Payment Terms
- D. Statement Cycle
- E. Tax
Correct Answer: C,E 🗳️
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
- A. lead days
- B. collection days
- C. short-term debt clearing days
- D. clearing days
- E. recall days
- F. risk elimination days
Correct Answer: C 🗳️
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