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

  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Updated: Sep 24, 2026
  • Q & A: 144 Questions and Answers

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Oracle 1Z0-1056-24 Exam Syllabus Topics:

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

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Question #1

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?

  • A. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
  • B. Cash Managers can create and manage bank accounts for only those business units to which they are given access.
  • C. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
  • D. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?

  • A. Troubleshoot In the Manage Customers page.
  • B. Use the Customer Data Exceptions spreadsheet.
  • C. Use the Customer Payment Method Exceptions spreadsheet.
  • D. Correct error and resubmit the batch.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

  • A. Description Rule
  • B. Mapping Set
  • C. Transaction References
  • D. Supporting References
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

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

  • A. receipts that are manually created
  • B. receipts created in a spreadsheet and uploaded
  • C. receipts created in a lockbox and uploaded
  • D. receipts that are unapplied
  • E. miscellaneous receipts
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

Question #5

Where is the summary delinquency data displayed In the Collections Work Area?

  • A. Aging Tab
  • B. History Tab
  • C. Profile Tab
  • D. Transactions Tab
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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