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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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| Section | Objectives |
|---|---|
| Managing Customer Billing | - Transaction Processing
|
| Processing Customer Payments | - Receipt Management
|
| Customer and Account Configuration | - Customer Setup
|
| Collections and Billing Extensions | - Advanced Receivables Functions
|
| Receivables Configuration | - System Setup
|
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?
Correct Answer: D 🗳️
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
Correct Answer: E 🗳️
What validation step is required for implementing dispute processing?
Correct Answer: D 🗳️
What is required to register an external user to Bill Management?
Correct Answer: D 🗳️
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?
Correct Answer: A 🗳️
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