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Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Managing Customer Billing | - Transaction Processing
|
| Topic 2: Collections and Billing Extensions | - Advanced Receivables Functions
|
| Topic 3: Receivables Configuration | - System Setup
|
| Topic 4: Customer and Account Configuration | - Customer Setup
|
| Topic 5: Processing Customer Payments | - Receipt Management
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?
- A. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
- B. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
- C. The program allows table hierarchies for customer bank accounts, but not for other customer information.
- D. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- E. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
Correct Answer: E 🗳️
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)
- A. Approved
- B. Pending My Research
- C. Pending My Approval
- D. Pending Approval
- E. Pending Approval From Managers
Correct Answer: B,C 🗳️
You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
- A. Cash Managers can create and manage bank accounts for only those business units to which they are given access.
- B. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
- C. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
- D. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
Correct Answer: C 🗳️
Explanation: Only visible for TrainingQuiz members. You can sign-up / login (it's free).
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Profile tab
- B. Correspondence tab
- C. Aging tab
- D. Activity tab
Correct Answer: A 🗳️
What is required to register an external user to Bill Management?
- A. a customer account contact with a valid mailing address
- B. a customer account contact with a valid email address
- C. a customer account contact with a valid mobile number
- D. a customer account contact with the responsibility types bill to and ship-to
Correct Answer: D 🗳️
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