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Oracle 1Z0-1056-24 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financials Cloud: Receivables 2024 Implementation Professional |
| Exam Number: | 1Z0-1056-24 |
| Exam Format: | Multiple Choice, Multiple Response |
| Available Languages: | English |
| Exam Price: | USD 245 (varies by country) |
| Passing Score: | 75% |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Typically 1 year (Oracle certification validity policy varies by release) |
| Related Certifications: | Oracle Financials Cloud certifications Oracle Fusion Cloud Financials Implementation certifications |
| Real Exam Qty: | 70 (approx.) |
| Recommended Training: | Oracle Financials Cloud Training Oracle Learning Explorer |
| Exam Registration: | Oracle Exam Scheduling (Pearson VUE / Oracle system depending on region) Oracle Certification Registration |
| Sample Questions: | Oracle 1Z0-1056-24 Sample Questions |
| Exam Way: | Online proctored exam (Oracle Testing Center / remote proctoring) |
| Pre Condition: | No strict prerequisites, but Oracle recommends familiarity with Fusion Financials and Accounts Receivable concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Collections and Billing Extensions | - Advanced Receivables Functions
|
| Topic 2: Receivables Configuration | - System Setup
|
| Topic 3: Managing Customer Billing | - Transaction Processing
|
| Topic 4: Customer and Account Configuration | - Customer Setup
|
| Topic 5: Processing Customer Payments | - Receipt Management
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?
A) Assign a COMMON reference data set to the business units, which share the account addresses.
B) Create a new reference data set for account addresses and assign it to the business units.
C) Assign an enterprise reference data set to the business units, which share the account addresses.
D) Create a separate reference data set for each business unit and assign it to each unit.
2. When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?
A) One per Site. per due date
B) One per Customer, per due date
C) One per Customer
D) One per Invoice
3. The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
A) debit memo reversal
B) credit reversal
C) change of instrument
D) clearing payment information
E) receipt reversal
4. What validation step is required for implementing dispute processing?
A) The Recognize Revenue Program is scheduled.
B) BPM Work List for approval configuration is validated.
C) Periods for which the transaction can be disputed are Open.
D) All transactions are of the invoice type.
5. You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
A) It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
B) If you have printed a transaction, the View Print button will not display a preview of the print.
C) If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
D) Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
E) It is not recommended to print transactions and balance forward bills directly from BI Publisher.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C,D,E | Question # 4 Answer: B | Question # 5 Answer: A,C,D |
By Winifred
