Prepare with Oracle : 1Z0-1056-24 exam braindumps as your best preparation materials
Last Updated: Sep 21, 2026
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Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Configure Receivables | 25% | - Manage Receivables System Options
|
| Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
| Manage Customers and Transactions | 25% | - Customer Account Configuration
|
| Process Receipts and Collections | 25% | - Receipt Processing
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
- A. scheduling periodic write-offs to occur in future periods
- B. creating write-offs for specific currencies and customers
- C. scheduling periodic write-offs as receipt adjustments for small remaining balances
- D. scheduling periodic write-offs as receipt adjustments for old remaining balances
- E. limiting write-offs by a percentage of the original receipt amount
Correct Answer: B,C,E 🗳️
In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.
At which details?
- A. Organization
- B. Site Address
- C. Account
- D. Customer
- E. Site
- F. Party
Correct Answer: E 🗳️
Explanation: Only visible for BraindumpQuiz members. You can sign-up / login (it's free).
In what three ways will changing customer information impact the collection process? (Choose three.)
- A. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
- B. Changing information on the Profile tab does not have an impact on the level at which collections are done.
- C. Making changes on the Profile tab impacts the collection process.
- D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
- E. Changing the Collector impacts the individual working with the delinquent customer.
Correct Answer: A,C,E 🗳️
While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, you notice that it is only displaying balance forward Mis raised in the last month.
How can you increase the number of months to view past balance forward bills?
- A. Use Receivables System Options
- B. Use the threshold view of Balance Forward Bill Infotile
- C. Add the number of months as a value for the BILL.MANAGEMENT lookup code
- D. Use Bill Management System Options
Correct Answer: D 🗳️
Explanation: Only visible for BraindumpQuiz members. You can sign-up / login (it's free).
Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)
- A. Guarantee
- B. Credit Memo
- C. Charge Back
- D. Debit Memo
- E. Deposit
Correct Answer: B,D 🗳️
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