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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

A) Create a separate reference data set for each business unit and assign it to each unit.
B) Assign a COMMON reference data set to the business units, which share the account addresses.
C) Create a new reference data set for account addresses and assign it to the business units.
D) Assign an enterprise reference data set to the business units, which share the account addresses.

2. The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?

A) 20+ Days Link
B) 0-10 Days Link
C) 10+Days Link
D) 0-5 Days Link

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

4. When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A) removes the invoice line revenue contingencies
B) leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
C) leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
D) removes the pending sales credits

5. In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)

A) Customer USA can pay for Customer West and its own transactions.
B) Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
C) Customer Japan can pay its own transactions.
D) Customer Japan can pay for Customer West, Customer USA, and its own transactions.
E) Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.

Solutions: