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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
Passing Score:Challenges: 75%, Multiple choice: 68%
Exam Duration:90 minutes
Certificate Validity Period:18 months
Real Exam Qty:Not specified
Exam Price:$245 USD
Available Languages:English
Exam Format:Multiple-choice questions, Hands-on performance-based challenges
Recommended Training:Become a Certified Financials - Receivables and Collections Implementer
Exam Registration:Oracle University
Sample Questions:Oracle 1Z0-1056-24 Sample Questions
Exam Way:Online proctored or onsite at Oracle testing centers
Pre Condition:No mandatory prerequisites; recommended hands-on experience and relevant training
Official Syllabus URL:https://education.oracle.com/oracle-financials-cloud-receivables-2024-implementation-professional/pexam_1Z0-1056-24

Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Configuring and Using Advanced Collections- Manage collections activities
- Design and use scoring strategies
- Configure advanced collections
Topic 2: Configuring Bill Management- Configure and use Oracle Bill Management
Topic 3: Configuring Customer Billing- Manage AutoAccounting
- Manage resources, salesperson, sales credits, and salesperson account references
- Manage transaction types, transaction sources, Items, and memo lines
- Configure revenue for Receivables
- Manage AutoInvoicing
Topic 4: Configuring Customer Payments- Configure and manage Automatic Receipts and Funds Capture
- Configure and manage Lockbox
- Configure and manage Customer Receipts
Topic 5: Processing Customer Payments- Create and process receipt exceptions
- Create and process bills receivables remittances
- Create and process receipts
Topic 6: Configuring Common Receivables- Integrate Receivables with other applications
- Configure Cash Management
- Configure Receivables
- Configure and import customers
- Configure Sub Ledger Accounting
- Configure Receivables using Rapid Implementation
- Configure Tax
Topic 7: Managing Customer Billing- Manage AutoInvoice corrections
- Manage transaction printing
- Calculate transactional tax
- Manage the AutoInvoice process
- Create and process transactions
Topic 8: Reporting for Account Receivables and Advanced Collections- Generate account receivables reconciliation
- Report with Oracle Transactional Business Intelligence (OTBI)
- Report with Business Intelligence Publisher (BIP)

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Question #1

You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?

  • A. BI Composer
  • B. Dashboard Builder
  • C. BI Answers
  • D. BI Publisher
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?

  • A. Sites 1 and 3 activities will be included in a single bill.
  • B. Sites 1 and 2 activities will be included in a single bill.
  • C. Sites 2 and 3 activities will be included in a single bill.
  • D. Sites 1, 2, and 3 activities will be included in a single bill.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?

  • A. Customer Number, Customer Billing Address, Customer Bank Account
  • B. Customer Number, Customer Account Number, Customer Site Number
  • C. Customer Name, Customer Account Number, Customer Site Number
  • D. Customer Name, Customer Billing Address, Customer Bank Account
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

Your organization has decided to use the Portal Upload delivery method for some of their customers. You will be using this in place of other options, such as Print Email, or XML to deliver customer invoices.
Which step must be performed in the system to deliver transactions to your customers by using the Portal Upload method?

  • A. Run the Create Customer Statement process in Scheduled Processes.
  • B. Create a custom-preferred delivery method in the Manage Receivables System Options task in Functional Setup Manager.
  • C. Create a custom preferred delivery method in the Manage Receivables Lookups task in Functional Setup Manager.
  • D. Select Portal Upload as a delivery method on Customer Profile under Invoicing.
  • E. Select Portal Upload as a delivery method on Customer Profile under Statement and Dunning.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

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. Create a separate reference data set for each business unit and assign it to each unit.
  • D. Assign an enterprise reference data set to the business units, which share the account addresses.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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