Free 1Z0-1056-24 Questions for Oracle Financials Cloud: Receivables 2024 Implementation Professional 1Z0-1056-24 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1056-24
Exam Name/Title: Oracle Financials Cloud: Receivables 2024 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 144
Updated On: Jul 08, 2026

Question #1

As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?

A. It will return an error and the data will be stuck in the interface table.

B. Invoice will be created and the system will use the AutoAccounting configuration to create accounting.

C. Neither invoice nor accounting will be created.

D. Invoice will get created but accounting will not be created.

Discussion 0

Correct Answer: B Vote an answer

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Question #2

Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

A. transactions that have the selected payment terms

B. transactions that were included in a previous Balance Forward Bill

C. transactions that have the Print Option set to Do Not Print

D. transactions have a Bill Type of Imported

Discussion 0

Correct Answer: A Vote an answer

Question #3

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

A. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

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

C. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger

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

E. drilldown to see reconciliation details and to make reconciling corrections

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #4

Your organization has decided to use the Portal Upload delivery method for some of their customers. You will be using this in place of other options, such as Print Email, or XML to deliver customer invoices.
Which step must be performed in the system to deliver transactions to your customers by using the Portal Upload method?

A. Select Portal Upload as a delivery method on Customer Profile under Invoicing.

B. Select Portal Upload as a delivery method on Customer Profile under Statement and Dunning.

C. Run the Create Customer Statement process in Scheduled Processes.

D. Create a custom preferred delivery method in the Manage Receivables Lookups task in Functional Setup Manager.

E. Create a custom-preferred delivery method in the Manage Receivables System Options task in Functional Setup Manager.

Discussion 0

Correct Answer: A Vote an answer

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Question #5

You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab. you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is Nonrevenue Allocation?

A. Sales credits associated to deferred revenue

B. Sales credit allocation based on billing corrections

C. Sales credit reversals due to credit memo creation

D. Additional incentive-based sales credits

Discussion 0

Correct Answer: A Vote an answer

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Question #6

You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.
Which three event attributes should be used?

A. Transaction creation date

B. Transaction number of amendments

C. Transaction type of update

D. Transaction created by

E. Transaction last update date

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question #7

Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

A. Transaction References

B. Supporting References

C. Description Rule

D. Mapping Set

Discussion 0

Correct Answer: B Vote an answer

Question #8

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. 0-5 Days Link

B. 20+ Days Link

C. 0-10 Days Link

D. 10+Days Link

Discussion 0

Correct Answer: C Vote an answer

Question #9

Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?

A. Receipts created in a spreadsheet and uploaded.

B. Receipts created from a lockbox and uploaded.

C. Receipts with unapplied amounts.

D. Receipts that are manually created.

E. Miscellaneous receipts.

Discussion 0

Correct Answer: A,B,D Vote an answer

Free 1Z0-1056-24 Questions for Oracle Financials Cloud: Receivables 2024 Implementation Professional 1Z0-1056-24 Exam as PDF & Practice Test Engine

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