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

1Z0-1056-24 real exams

Exam Code: 1Z0-1056-24

Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional

Updated: Oct 09, 2026

Q & A: 144 Questions and Answers

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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Managing Customer Billing- Transaction Processing
  • 1. Tax calculation for transactions
    • 2. Manage AutoInvoice process and corrections
      • 3. Create and process transactions
        • 4. Transaction validation and printing
          Processing Customer Payments- Receipt Management
          • 1. Lockbox processing
            • 2. Create and process receipts
              • 3. Receipt application and exceptions
                Customer and Account Configuration- Customer Setup
                • 1. Configure and import customers
                  • 2. Manage customer profiles and account structures
                    Collections and Billing Extensions- Advanced Receivables Functions
                    • 1. Revenue configuration
                      • 2. Bill management configuration
                        • 3. Dunning and collections processes
                          Receivables Configuration- System Setup
                          • 1. Configure Cash Management integration
                            • 2. Configure Receivables using Rapid Implementation
                              • 3. Configure AutoAccounting and transaction sources
                                • 4. Configure Subledger Accounting integration

                                  Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  One of the customers pays its bills electronically from their bank account (Direct debit).
                                  Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?

                                  • A. Lockbox Process
                                  • B. Clear Receipts Automatically Process
                                  • C. Automatic Receipt Process
                                  • D. Remittance Process
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #2

                                  Which method is used to allocate total transaction price across performance obligations in Revenue Management?

                                  • A. Alternative Allocation Method
                                  • B. Residual Allocation Method
                                  • C. Relative Allocation Method
                                  • D. Inverted Allocation Method
                                  • E. Two Step Allocation Method
                                  Reveal Solution  Discussion  0

                                  Correct Answer: E  🗳️

                                  Question #3

                                  What validation step is required for implementing dispute processing?

                                  • A. Periods for which the transaction can be disputed are Open.
                                  • B. The Recognize Revenue Program is scheduled.
                                  • C. All transactions are of the invoice type.
                                  • D. BPM Work List for approval configuration is validated.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #4

                                  What is required to register an external user to Bill Management?

                                  • A. a customer account contact with a valid email address
                                  • B. a customer account contact with a valid mailing address
                                  • C. a customer account contact with a valid mobile number
                                  • D. a customer account contact with the responsibility types bill to and ship-to
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #5

                                  In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

                                  • A. DaysLate
                                  • B. Days Early
                                  • C. Not Applicable
                                  • D. Time
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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