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: Jun 04, 2025

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Question 1

Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?

A : Linelevel transaction flexfield, Header-level transaction flexfield, Reference flexfield

B : Linelevel transaction flexfield, Header-level transaction flexfield

C : Linelevel transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield

D : Linelevel transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield

Answer: C

Question 2

Each time that you run AutoInvoice, the process generates a list of records that fail validation.

Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)

A : using the Incomplete Infotile

B : using the Manage AutoInvoice Lines task

C : using the Manage Transactions task

D : using the Import Exceptions Infotile

Answer: B,C

Question 3

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.

A : Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

B : The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

C : Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

D : The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

E : Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

F : The customer does not have the default strategy and default collector assigned at the customer account and site level.

Answer: B,C

Question 4

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A : The Transaction Summary Report shows only transactions with a status of received.

B : The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

C : The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

D : The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

E : You need to submit the Extract Intercompany Reconciliation Data job.

Answer: C,D

Question 5

In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

A : Days Early

B : Time

C : DaysLate

D : Not Applicable

Answer: C

Page: 1 / 36

Total 180 Questions | Updated On: Jun 04, 2025

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