Free 1Z0-1056 Questions for Oracle Financials Cloud: Receivables 2019 Implementation Essentials 1Z0-1056 Exam as PDF & Practice Test Engine

  • Exam Code/Number: 1Z0-1056
  • Exam Name/Title: Oracle Financials Cloud: Receivables 2019 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Financials Cloud
  • Exam Questions: 110
  • Updated On: May 30, 2026
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
Correct Answer: A Vote an answer
Which predefined dunning letter template is available in the Collections application
Correct Answer: B Vote an answer
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
Correct Answer: A Vote an answer
You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms.
Payment Term = Net 30; Reference Data Set = Enterprise Set
Payment Term = Net 45; Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30; Reference Data Set = USA Set
Payment Term = Net 45; Reference Data Set = USA Set
If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?
Correct Answer: B Vote an answer
Which two are Late Charge Calculation Methods?
Correct Answer: C,D Vote an answer
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When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
Correct Answer: A Vote an answer
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?
Correct Answer: B Vote an answer
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.
Correct Answer: C Vote an answer
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