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Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Process Receipts and Collections | 25% | - Receipt Processing
|
| Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
| Configure Receivables | 25% | - Manage Receivables System Options
|
| Manage Customers and Transactions | 25% | - Customer Account Configuration
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
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 can create and manage bank accounts for only those legal entities to which they are given access.
- B. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
- C. Cash Managers can create and manage bank accounts for only those business units to which they are given access.
- D. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
Correct Answer: A 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?
- A. Assign both business units to Global Configuration Owner.
- B. Assign the ledger to Global Configuration Owner.
- C. Assign two business units to First Party Configuration with Party Overrides.
- D. Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.
- E. Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.
Correct Answer: B 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)
- A. Customer Site
- B. Customer Account
- C. Receipt Class
- D. System Options
- E. Receipt Method
Correct Answer: A,B,E 🗳️
The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.
- A. Transaction Class
- B. Transaction Date
- C. Transaction Source
- D. Transaction Number
Correct Answer: D 🗳️
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. manual receipt
- B. AutoLockbox receipt
- C. automatic receipt
- D. quick cash receipt
- E. miscellaneous receipt
Correct Answer: C 🗳️
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