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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

A) It is not recommended to print transactions and balance forward bills directly from BI Publisher.
B) If you have printed a transaction, the View Print button will not display a preview of the print.
C) Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
D) It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
E) If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.

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

3. In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

A) by setting SM to "Requires Complete" and SMM to "Quantity"
B) by setting SM to "Allow Partial" and SMM to "Percent"
C) by setting SM to "Allow Partial" and SMM to "Period"
D) by setting SM to "Requires Complete" and SMM to "Percent"
E) by setting SM to "Requires Complete" and SMM to "Period"

4. Where is the summary delinquency data displayed on the Collections Dashboard?

A) Activity tab
B) Correspondence tab
C) Profile tab
D) Aging tab

5. You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?

A) recall days
B) risk elimination days
C) lead days
D) short-term debt clearing days
E) collection days
F) clearing days

Solutions: