Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Managing Customer Billing | - Manage transaction printing - Manage the AutoInvoice process - Manage AutoInvoice corrections - Create and process transactions - Calculate transactional tax |
| Configuring Common Receivables | - Configure Cash Management - Configure and import customers - Configure Receivables - Configure Tax - Configure Receivables using Rapid Implementation - Configure Sub Ledger Accounting - Integrate Receivables with other applications |
| Processing Customer Payments | - Create and process bills receivables remittances - Create and process receipt exceptions - Create and process receipts |
| Configuring and Using Advanced Collections | - Manage collections activities - Design and use scoring strategies - Configure advanced collections |
| Configuring Bill Management | - Configure and use Oracle Bill Management |
| 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 Customer Billing | - Manage transaction types, transaction sources, Items, and memo lines - Manage AutoAccounting - Manage resources, salesperson, sales credits, and salesperson account references - Configure revenue for Receivables - Manage AutoInvoicing |
| Configuring Customer Payments | - Configure and manage Customer Receipts - Configure and manage Automatic Receipts and Funds Capture - Configure and manage Lockbox |
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
Question #1
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?
A. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
C. You can select only a Closed accounting period.
D. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
Question #2
Which statement is true about Balance Forward Billing?
A. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
B. Balance Forward Bills must be enabled at each bill-to-site level.
C. Balance Forward Bills can be created for a future date.
D. Transactions included on a Balance Forward Bill can be updated.
Question #3
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
A. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
B. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
C. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 US
D. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
E. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
Question #4
Which three receipts can be automatically applied by a system? (Choose three.)
A. receipts created in a spreadsheet and uploaded
B. receipts that are unapplied
C. receipts created in a lockbox and uploaded
D. miscellaneous receipts
E. receipts that are manually created
Question #5
What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)
A. System Options
B. Customer
C. AutoMatch Rule
D. Receipt Method
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: B | Question #3 Correct Answer: D | Question #4 Correct Answer: C,D,E | Question #5 Correct Answer: A,B |
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