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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. What are the three setup steps required to implement the Lockbox feature? (Choose three.)

A) late charges
B) Receipt Sources
C) Receipt Classes and Receipt Methods
D) credit card refunds
E) Lockbox and Lockbox Transmission Formats

2. Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

A) Extend the "Print Receivables Transactions" program.
B) Modify the Invoice Print Layout Bill Presentment Template.
C) Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
D) Use Web Services to integrate with an external system that can handle this requirement.

3. Which two statements are true about configuring Collection Strategies?

A) You need to SGI the (Collections Method to Strategies for the relevant business unit.
B) You need to create Scoring Formulae (or use predefined Scoring Formulas).
C) You need to create Strategy Tasks of the type "Automatic" only.
D) You need to define an Aging Method that meets the requirements of your organization.

4. Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

A) Guarantee
B) Debit Memo
C) Credit Memo
D) Deposit
E) Charge Back

5. When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.

A) quick cash receipt
B) manual receipt
C) AutoLockbox receipt
D) automatic receipt
E) miscellaneous receipt

Solutions: