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

Oracle 1Z0-1056-24 exam
  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Updated: Aug 16, 2026
  • Q & A: 144 Questions and Answers
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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Customer and Account Configuration- Customer Setup
  • 1. Configure and import customers
    • 2. Manage customer profiles and account structures
      Topic 2: Processing Customer Payments- Receipt Management
      • 1. Lockbox processing
        • 2. Receipt application and exceptions
          • 3. Create and process receipts
            Topic 3: Managing Customer Billing- Transaction Processing
            • 1. Tax calculation for transactions
              • 2. Create and process transactions
                • 3. Transaction validation and printing
                  • 4. Manage AutoInvoice process and corrections
                    Topic 4: Receivables Configuration- System Setup
                    • 1. Configure AutoAccounting and transaction sources
                      • 2. Configure Subledger Accounting integration
                        • 3. Configure Cash Management integration
                          • 4. Configure Receivables using Rapid Implementation
                            Topic 5: Collections and Billing Extensions- Advanced Receivables Functions
                            • 1. Revenue configuration
                              • 2. Bill management configuration
                                • 3. Dunning and collections processes

                                  Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

                                  1. 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, 2, 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 and 3 activities will be included in a single bill.


                                  2. Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

                                  A) Guarantee
                                  B) Charge Back
                                  C) Credit Memo
                                  D) Debit Memo
                                  E) Deposit


                                  3. Which two are Late Charge Calculation Methods?

                                  A) Late Payments Only
                                  B) Credit Items and Disputed Transactions
                                  C) Adjustment
                                  D) Overdue Invoices Only


                                  4. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

                                  A) by Source Document and time frame
                                  B) by Quote Number and time frame
                                  C) by Item and time frame
                                  D) by Source Document Line andtime frame
                                  E) by Customer and time frame


                                  5. There are a few customers that you do not want to send dunning letters to.
                                  How would you exclude these customers from dunning?

                                  A) Disable Send Dunning Letter in Transaction Type.
                                  B) Disable Send Dunning Letter in Collections Preferences.
                                  C) Disable Send Dunning Letter on the Correspondence tab.
                                  D) Disable Send Dunning Letter on the Profile tab.
                                  E) Disable Send Dunning Letter in Transaction Source Type.


                                  Solutions:

                                  Question # 1
                                  Answer: B
                                  Question # 2
                                  Answer: C,D
                                  Question # 3
                                  Answer: A,D
                                  Question # 4
                                  Answer: A,C,D
                                  Question # 5
                                  Answer: D

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