We're so confident of our products that we provide no hassle product exchange.
Oracle 1Z0-1056-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2024 Implementation Professional |
| Exam Number: | 1Z0-1056-24 |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Price: | $245 USD |
| Passing Score: | Challenges: 75%, Multiple choice: 68% |
| Certificate Validity Period: | 18 months |
| Real Exam Qty: | Not specified |
| Exam Format: | Hands-on performance-based challenges, Multiple-choice questions |
| Recommended Training: | Become a Certified Financials - Receivables and Collections Implementer |
| Exam Registration: | Oracle University |
| Sample Questions: | Oracle 1Z0-1056-24 Sample Questions |
| Exam Way: | Online proctored or onsite at Oracle testing centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience and relevant training |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2024-implementation-professional/pexam_1Z0-1056-24 |
Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Configuring Common Receivables | - Configure Sub Ledger Accounting - Configure and import customers - Configure Receivables using Rapid Implementation - Integrate Receivables with other applications - Configure Cash Management - Configure Tax - Configure Receivables |
| Topic 2: Configuring Bill Management | - Configure and use Oracle Bill Management |
| Topic 3: Processing Customer Payments | - Create and process receipt exceptions - Create and process receipts - Create and process bills receivables remittances |
| Topic 4: Configuring and Using Advanced Collections | - Manage collections activities - Configure advanced collections - Design and use scoring strategies |
| Topic 5: Reporting for Account Receivables and Advanced Collections | - Generate account receivables reconciliation - Report with Business Intelligence Publisher (BIP) - Report with Oracle Transactional Business Intelligence (OTBI) |
| Topic 6: Configuring Customer Payments | - Configure and manage Lockbox - Configure and manage Customer Receipts - Configure and manage Automatic Receipts and Funds Capture |
| Topic 7: Managing Customer Billing | - Calculate transactional tax - Manage transaction printing - Manage the AutoInvoice process - Manage AutoInvoice corrections - Create and process transactions |
| Topic 8: Configuring Customer Billing | - Manage resources, salesperson, sales credits, and salesperson account references - Manage transaction types, transaction sources, Items, and memo lines - Manage AutoAccounting - Configure revenue for Receivables - Manage AutoInvoicing |
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
Question #1
What information does the Collector see in the Activities List area of the Collections Dashboard?
- A. tasks assigned to the Collector, such as follow-up calls
- B. status of processing activities from the Process Monitor
- C. summary of aged transactions
- D. customer search as per the parameter specified
- E. customer's profile for each assigned customer
Correct Answer: A 🗳️
Question #2
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. miscellaneous receipt
- E. quick cash receipt
Correct Answer: C 🗳️
Question #3
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
- A. Edit
- B. Reassign
- C. Approve
- D. Request Information
- E. Reject
Correct Answer: B 🗳️
Question #4
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You can refund receipts that are factored.
- B. You can refund receipts that were either remitted or cleared.
- C. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- D. You can issue a credit card refund to a customer who has made a cash payment.
Correct Answer: B,C 🗳️
Question #5
You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report?
- A. Receivables Variance
- B. Accounting Variance
- C. Intercompany Variance
- D. Tax Variance
Correct Answer: A,B 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
By Armand
