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

"Oracle Financials Cloud: Receivables 2024 Implementation Professional", also known as 1Z0-1056-24 exam, is a Oracle Certification. With the complete collection of questions and answers, Pass4sureCert has assembled to take you through 144 Q&As to your 1Z0-1056-24 Exam preparation. In the 1Z0-1056-24 exam resources, you will cover every field and category in Oracle Financials Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Financials Cloud
  • Updated: Sep 26, 2026
  • No. of Questions: 144 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Configuring and Using Advanced Collections- Design and use scoring strategies
- Configure advanced collections
- Manage collections activities
Topic 2: Configuring Bill Management- Configure and use Oracle Bill Management
Topic 3: Configuring Customer Billing- Manage AutoAccounting
- Configure revenue for Receivables
- Manage resources, salesperson, sales credits, and salesperson account references
- Manage transaction types, transaction sources, Items, and memo lines
- Manage AutoInvoicing
Topic 4: Processing Customer Payments- Create and process bills receivables remittances
- Create and process receipt exceptions
- Create and process receipts
Topic 5: Reporting for Account Receivables and Advanced Collections- Report with Oracle Transactional Business Intelligence (OTBI)
- Report with Business Intelligence Publisher (BIP)
- Generate account receivables reconciliation
Topic 6: Configuring Customer Payments- Configure and manage Automatic Receipts and Funds Capture
- Configure and manage Customer Receipts
- Configure and manage Lockbox
Topic 7: Managing Customer Billing- Create and process transactions
- Manage AutoInvoice corrections
- Manage the AutoInvoice process
- Calculate transactional tax
- Manage transaction printing
Topic 8: Configuring Common Receivables- Configure Receivables
- Configure Tax
- Configure and import customers
- Configure Cash Management
- Configure Sub Ledger Accounting
- Integrate Receivables with other applications
- Configure Receivables using Rapid Implementation

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Which three benefits do intercompany reconciliation reports provide to an accountant?

  • A. Comparing receivables and payables account balances and identifying discrepancies.
  • B. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
  • C. Displaying clearing company balancing lines.
  • D. Displaying intercompany receivables and payables balancing lines.
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

Manage Collectors
Scenario:
You are responsible for defining a new collector. who will perform collection activities across multiple business units.
Task:
Create a new Collector. where:
Name of the collector is (Replace XX with 03. which is your allocated User ID.) Collector must be available to all business units.
Collector maps to employee FASXX Student (Replace xx with 03, which is your allocated User ID.)

Reveal Solution  Discussion  0

Correct Answer:

See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Collectors icon in the Receivables work area.
Click on the Create button.
In the Collector window, enter the following information:
Name:XXCollector (Replace XX with your allocated user ID.)
Type:Employee
Employee:FASXX03 (Replace xx with your allocated user ID.)
Available to All Business Units:Yes
Click on the Save button.
The new collector will be created.

Identify the receivables system option that relates to customers.

  • A. Reciprocal Customer
  • B. Receipt Method
  • C. Automatic Site Numbering
  • D. Default Country
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)

  • A. The invoice can now be printed.
  • B. The invoice is sent for a dunning follow-up.
  • C. The invoice is eligible for transfer to the General Ledger.
  • D. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
  • E. Payment schedules are created using the payment terms specified.
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

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

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

Correct Answer: B,D,E  🗳️

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