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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Configuring and Using Advanced Collections- Manage collections activities
- Design and use scoring strategies
- Configure advanced collections
Configuring Customer Payments- Configure and manage Lockbox
- Configure and manage Customer Receipts
- Configure and manage Automatic Receipts and Funds Capture
Configuring Common Receivables- Configure Tax
- Configure Sub Ledger Accounting
- Configure Receivables using Rapid Implementation
- Configure Cash Management
- Integrate Receivables with other applications
- Configure Receivables
- Configure and import customers
Reporting for Account Receivables and Advanced Collections- Report with Business Intelligence Publisher (BIP)
- Report with Oracle Transactional Business Intelligence (OTBI)
- Generate account receivables reconciliation
Configuring Bill Management- Configure and use Oracle Bill Management
Configuring Customer Billing- Manage transaction types, transaction sources, Items, and memo lines
- Manage AutoAccounting
- Configure revenue for Receivables
- Manage AutoInvoicing
- Manage resources, salesperson, sales credits, and salesperson account references
Processing Customer Payments- Create and process receipts
- Create and process receipt exceptions
- Create and process bills receivables remittances
Managing Customer Billing- Calculate transactional tax
- Manage AutoInvoice corrections
- Manage transaction printing
- Manage the AutoInvoice process
- Create and process transactions

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Upon approval of a remittance batch of type Factored with Recourse, the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?

  • A. By creating an on-account credit memo
  • B. By generating a bills receivables adjustment
  • C. By recording an entry to the Remitted Bills Receivable account
  • D. By recording short-term debt
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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What are the three setup steps required to implement the Lockbox feature? (Choose three.)

  • A. credit card refunds
  • B. Receipt Sources
  • C. Lockbox and Lockbox Transmission Formats
  • D. late charges
  • E. Receipt Classes and Receipt Methods
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

  • A. Import Payables Invoices Duty
  • B. Payment Settlement Management Duty
  • C. Trading Community Hierarchy Management Duty
  • D. Receipt Creation Duty
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

What is the impact on transactions of changing the billing cycle for a customer or group of customers?

  • A. The billing cycle does not have any impact on new transactions.
  • B. Existing transactions with activity adapt the new billing cycle.
  • C. New transactions after this change inherit the new billing cycle.
  • D. Existing transactions with no activity retain the old billing cycle.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits.
What would be the result?

  • A. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
  • B. The program can be run only if the amount is within the Billing Specialist's approval limits.
  • C. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
  • D. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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