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Oracle 1Z0-1056-24 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financials Cloud: Receivables 2024 Implementation Professional |
| Exam Number: | 1Z0-1056-24 |
| Exam Price: | $245 USD |
| Exam Duration: | 90 minutes |
| Passing Score: | Challenges: 75%, Multiple choice: 68% |
| Exam Format: | Hands-on performance-based challenges, Multiple-choice questions |
| Certificate Validity Period: | 18 months |
| Available Languages: | English |
| Real Exam Qty: | Not specified |
| Recommended Training: | Become a Certified Financials - Receivables and Collections Implementer |
| Exam Registration: | Oracle University |
| Sample Questions: | Oracle 1Z0-1056-24 Sample Questions |
| Exam Way: | Online proctored or onsite at Oracle testing centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience and relevant training |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2024-implementation-professional/pexam_1Z0-1056-24 |
Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Processing Customer Payments | - Create and process receipt exceptions - Create and process bills receivables remittances - Create and process receipts |
| Configuring Customer Billing | - Manage transaction types, transaction sources, Items, and memo lines - Manage resources, salesperson, sales credits, and salesperson account references - Manage AutoAccounting - Manage AutoInvoicing - Configure revenue for Receivables |
| Configuring Bill Management | - Configure and use Oracle Bill Management |
| Managing Customer Billing | - Create and process transactions - Calculate transactional tax - Manage AutoInvoice corrections - Manage the AutoInvoice process - Manage transaction printing |
| Reporting for Account Receivables and Advanced Collections | - Generate account receivables reconciliation - Report with Business Intelligence Publisher (BIP) - Report with Oracle Transactional Business Intelligence (OTBI) |
| Configuring Common Receivables | - Configure Receivables using Rapid Implementation - Configure Cash Management - Configure Sub Ledger Accounting - Integrate Receivables with other applications - Configure Tax - Configure and import customers - Configure Receivables |
| Configuring Customer Payments | - Configure and manage Lockbox - Configure and manage Automatic Receipts and Funds Capture - Configure and manage Customer Receipts |
| Configuring and Using Advanced Collections | - Design and use scoring strategies - Manage collections activities - Configure advanced collections |
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
A) by Quote Number and time frame
B) by Customer and time frame
C) by Item and time frame
D) by Source Document and time frame
E) by Source Document Line andtime frame
2. The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
A) clearing payment information
B) debit memo reversal
C) receipt reversal
D) change of instrument
E) credit reversal
3. 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) removes the pending sales credits
C) leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
D) leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
4. Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
A) Receipt Creation Duty
B) Payment Settlement Management Duty
C) Trading Community Hierarchy Management Duty
D) Import Payables Invoices Duty
5. Which method is used to allocate total transaction price across performance obligations in Revenue Management?
A) Alternative Allocation Method
B) Relative Allocation Method
C) Residual Allocation Method
D) Inverted Allocation Method
E) Two Step Allocation Method
Solutions:
| Question # 1 Answer: C,D,E | Question # 2 Answer: A,C,D | Question # 3 Answer: A | Question # 4 Answer: B,D | Question # 5 Answer: E |
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