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Oracle 1Z0-1056-24 Exam Braindumps - in .pdf Free Demo

  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • , Last Updated: Aug 03, 2026
  • Q & A: 144 Questions and Answers
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  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • , Last Updated: Aug 03, 2026
  • Q & A: 144 Questions and Answers
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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionWeightObjectives
Process Receipts and Collections25%- Receipt Processing
  • 1. Manage Automatic Receipts
  • 2. Collections Management
  • 3. Apply Receipts
Configure Receivables25%- Manage Receivables System Options
  • 1. Manage Transaction Types
  • 2. Configure Business Units
  • 3. Manage Receipt Classes and Methods
Period Close and Reporting25%- Receivables Accounting and Reporting
  • 1. Review Accounting Entries
  • 2. Period Close Process
  • 3. Run Receivables Reports
Manage Customers and Transactions25%- Customer Account Configuration
  • 1. Configure Transaction Sources
  • 2. Create Customer Profiles
  • 3. Manage Customer Account Sites

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Where is the summary delinquency data displayed In the Collections Work Area?

A) History Tab
B) Transactions Tab
C) Aging Tab
D) Profile Tab


2. Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A) The Transaction Summary Report shows only transactions with a status of received.
B) The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
C) The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
D) You need to submit the Extract Intercompany Reconciliation Data job.
E) The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.


3. Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

A) View the Total Amount Due for delinquent customers.
B) Update the work status of a work item for a delinquent customer.
C) Record an activity to create a task or tasks to follow up on a delinquent customer.
D) Verify Customer Payments.
E) Assign a Collector to a delinquent customer.


4. Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
B) The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
C) No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
D) The program allows table hierarchies for customer bank accounts, but not for other customer information.
E) The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.


5. 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"


Solutions:

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

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