Oracle Financials Cloud: Receivables 2024 Implementation Professional: 1Z0-1056-24 Exam

"Oracle Financials Cloud: Receivables 2024 Implementation Professional", also known as 1Z0-1056-24 exam, is a Oracle Certification. With the complete collection of questions and answers, iPassleader has assembled to take you through 144 Q&As to your 1Z0-1056-24 Exam preparation. In the 1Z0-1056-24 exam resources, you will cover every field and category in Oracle Financials Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Updated on: Sep 14, 2026
  • No. of Questions: 144 Questions & Answers

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  • Updated on: Sep 14, 2026
  • No. of Questions: 144 Questions & Answers

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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Manage Customers and Transactions25%- Customer Account Configuration
  • 1. Configure Transaction Sources
  • 2. Manage Customer Account Sites
  • 3. Create Customer Profiles
Topic 2: Process Receipts and Collections25%- Receipt Processing
  • 1. Manage Automatic Receipts
  • 2. Apply Receipts
  • 3. Collections Management
Topic 3: Configure Receivables25%- Manage Receivables System Options
  • 1. Manage Receipt Classes and Methods
  • 2. Configure Business Units
  • 3. Manage Transaction Types
Topic 4: Period Close and Reporting25%- Receivables Accounting and Reporting
  • 1. Run Receivables Reports
  • 2. Review Accounting Entries
  • 3. Period Close Process

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Which two statements are true regarding the Promise to Pay feature in the Collections application?

  • A. You can cancel a promise made in error if it is before the promise due date.
  • B. You cannot cancel a promise made in error if it is before the promise due date.
  • C. Mass promise to pay amounts automatically become partial payments.
  • D. Promise information is updated by scheduling the Promise Reconciliation process.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
  • B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
  • C. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
  • D. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?

  • A. risk elimination days
  • B. collection days
  • C. short-term debt clearing days
  • D. recall days
  • E. clearing days
  • F. lead days
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?

  • A. Search for open invoices on the Manage Transaction search page.
  • B. Search for the information in the Review Customer Account Details user interface.
  • C. Apply, reverse, or process the receipt.
  • D. Create an open debit memo.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

  • A. Update the work status of a work item for a delinquent customer.
  • B. View the Total Amount Due for delinquent customers.
  • C. Assign a Collector to a delinquent customer.
  • D. Record an activity to create a task or tasks to follow up on a delinquent customer.
  • E. Verify Customer Payments.
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

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