Oracle 1Z0-1056-24 : Oracle Financials Cloud: Receivables 2024 Implementation Professional

  • Exam Code: 1Z0-1056-24
  • Exam Name: Oracle Financials Cloud: Receivables 2024 Implementation Professional
  • Updated: Oct 02, 2026

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Oracle 1Z0-1056-24 Exam Syllabus Topics:

SectionObjectives
Receivables Configuration- System Setup
  • 1. Configure AutoAccounting and transaction sources
    • 2. Configure Subledger Accounting integration
      • 3. Configure Receivables using Rapid Implementation
        • 4. Configure Cash Management integration
          Processing Customer Payments- Receipt Management
          • 1. Lockbox processing
            • 2. Create and process receipts
              • 3. Receipt application and exceptions
                Customer and Account Configuration- Customer Setup
                • 1. Configure and import customers
                  • 2. Manage customer profiles and account structures
                    Collections and Billing Extensions- Advanced Receivables Functions
                    • 1. Dunning and collections processes
                      • 2. Bill management configuration
                        • 3. Revenue configuration
                          Managing Customer Billing- Transaction Processing
                          • 1. Tax calculation for transactions
                            • 2. Create and process transactions
                              • 3. Manage AutoInvoice process and corrections
                                • 4. Transaction validation and printing

                                  Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  Which three benefits do intercompany reconciliation reports provide to an accountant?

                                  • A. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
                                  • B. Displaying clearing company balancing lines.
                                  • C. Displaying intercompany receivables and payables balancing lines.
                                  • D. Comparing receivables and payables account balances and identifying discrepancies.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,C,D  🗳️

                                  Question #2

                                  Your customer receives their invoices via the XML delivery method. They want to receive billing transactions for specific sites only. Now you have been tasked with creating a very focused delivery method of XML transactions for this customer site that should be receiving the invoice.
                                  To define this setup, you must add a new lookup code to the AR Features lookup type in the Manage Receivables Lookups task. Which lookup code would you use?

                                  • A. AR_XML.DELIVERY.METHOD
                                  • B. AR_XML_INVOICE_ENHANCED
                                  • C. AR_CUSTOMER.DELIVERY
                                  • D. AR_NTERFACE.XML
                                  • E. AR.INVOICE.XML.ENHANCED
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                  Question #3

                                  What information does the Collector see in the Activities List area of the Collections Dashboard?

                                  • A. status of processing activities from the Process Monitor
                                  • B. summary of aged transactions
                                  • C. customer's profile for each assigned customer
                                  • D. tasks assigned to the Collector, such as follow-up calls
                                  • E. customer search as per the parameter specified
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #4

                                  A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
                                  What is the status of the adjustment?

                                  • A. Approval Required
                                  • B. Pending Research
                                  • C. Forwarded for Approval
                                  • D. Pending Approval
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #5

                                  There are a few customers that you do not want to send dunning letters to.
                                  How would you exclude these customers from dunning?

                                  • A. Disable Send Dunning Letter on the Correspondence tab.
                                  • B. Disable Send Dunning Letter in Transaction Type.
                                  • C. Disable Send Dunning Letter in Transaction Source Type.
                                  • D. Disable Send Dunning Letter in Collections Preferences.
                                  • E. Disable Send Dunning Letter on the Profile tab.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: E  🗳️

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