Free Oracle 1Z0-1056-20 Practice Test & Real Exam Questions

  • Exam Code/Number: 1Z0-1056-20
  • Exam Name/Title: Oracle Financials Cloud: Receivables 2020 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Financials Cloud
  • Exam Questions: 112
  • Updated On: Jul 12, 2026
What are the three setup steps required to implement the Lockbox feature? (Choose three.)
Correct Answer: C,D,E Vote an answer
Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.
Correct Answer: E Vote an answer
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?
Correct Answer: D Vote an answer
Where is the summary delinquency data displayed In the Collections Work Area?
Correct Answer: C Vote an answer
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
Correct Answer: B,D,E Vote an answer
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?
Correct Answer: B Vote an answer
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?
Correct Answer: C Vote an answer
Where is the summary delinquency data displayed on the Collections Dashboard?
Correct Answer: C Vote an answer
Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?
Correct Answer: A Vote an answer
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
Correct Answer: C Vote an answer