Free Practice Oracle 1Z0-1056-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Financials Cloud: Receivables 2024 Implementation Professional 1Z0-1056-24 Dumps Practice Questions

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Total 180 Questions | Updated On: Apr 24, 2025

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Question 1

What is the impact on transactions of changing the billing cycle for a customer or group of customers?

A : The billing cycle does not have any impact on new transactions.

B : Existing transactions with no activity retain the old billing cycle.

C : Existing transactions with activity adapt the new billing cycle.

D : New transactions after this change inherit the new billing cycle.

Answer: D

Question 2

Which two statements are true regarding the Promise to Pay feature in the Collections application?

A : Mass promise to pay amounts automatically become partial payments.

B : You cannot cancel a promise made in error if it is before the promise due date.

C : Promise information is updated by scheduling the Promise Reconciliation process.

D : You can cancel a promise made in error if it is before the promise due date.

Answer: A

Question 3

What are the two places where Receivables can look for the ''Match Receipts By'' setting when applying manual customer receipts? (Choose two.)

A : Receipt Method

B : Profile option

C : Customer

D : AutoMatch Rule

E : System Options

Answer: A

Question 4

Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)

A : drilldown to see reconciliation details and to make reconciling corrections

B : drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition

C : drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

D : drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger

E : drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel

Answer: A,B,C

Question 5

While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, you

notice that it is only displaying balance forward Mis raised in the last month.

How can you increase the number of months to view past balance forward bills?

A : Add the number of months as a value for the BILL.MANAGEMENT lookup code

B : Use Bill Management System Options

C : Use the threshold view of Balance Forward Bill Infotile

D : Use Receivables System Options

Answer: B

Page: 1 / 36

Total 180 Questions | Updated On: Apr 24, 2025

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