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:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Manage Customers and Transactions | 25% | - Customer Account Configuration
|
| Topic 2: Process Receipts and Collections | 25% | - Receipt Processing
|
| Topic 3: Configure Receivables | 25% | - Manage Receivables System Options
|
| Topic 4: Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
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.
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"
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
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.
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.
Correct Answer: A,C,D 🗳️
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