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Oracle 1Z0-1056-24 Exam Syllabus Topics:

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

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Question #1

Identify the dunning letter template set provided by an application.

  • A. Soft, Regular, Hard
  • B. Regular, Final Demand, Medium
  • C. Final Demand, Soft, Medium
  • D. Regular, Medium, Hard
Answer: C
Question #2

Which three receipts can be automatically applied by a system? (Choose three.)

  • A. receipts that are unapplied
  • B. receipts created in a lockbox and uploaded
  • C. miscellaneous receipts
  • D. receipts that are manually created
  • E. receipts created in a spreadsheet and uploaded
Answer: B,C,D
Question #3

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

  • A. manual receipt entry
  • B. Lockbox receipts creation
  • C. automatic receipts creation
  • D. receipts creation in a spreadsheet
Answer: D
Question #4

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.
Which two steps will help achieve this?

  • A. Define and share a cash pool bank account between the customers.
  • B. Select the Allow payment of unrelated transactions Receivables System Option.
  • C. Define a relationship between the two customer accounts.
  • D. Define a business purpose of invoice to each customer address.
  • E. Define a netting agreement between the two customer accounts.
Answer: B,C

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Question #5

How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

  • A. The strategy can be modified from the Manage Customers page.
  • B. The Collector can modify the strategy from the Profile > Strategies tab.
  • C. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
  • D. Only a Collections Administrator can modify the strategy.
Answer: C

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