Updated: Sep 15, 2026
No. of Questions: 144 Questions & Answers with Testing Engine
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| 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 |
| Section | Objectives |
|---|---|
| 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) |
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?
Correct Answer: D 🗳️
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?
Correct Answer: B 🗳️
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
Correct Answer: B 🗳️
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?
Correct Answer: D 🗳️
Explanation: Only visible for Exams-boost members. You can sign-up / login (it's free).
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?
Correct Answer: A 🗳️
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