UPDATED [Mar 27, 2026] Pass Oracle Financials Cloud: Receivables 2024 Implementation Professional Exam with Latest Questions
1Z0-1056-24 Exam Practice Questions prepared by Oracle Professionals
NEW QUESTION # 85
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. View the Total Amount Due for delinquent customers.
- B. Assign a Collector to a delinquent customer.
- C. Record an activity to create a task or tasks to follow up on a delinquent customer.
- D. Update the work status of a work item for a delinquent customer.
- E. Verify Customer Payments.
Answer: B,C,D
NEW QUESTION # 86
Which three receipt types can be reversed in the Cloud?
- A. Receipts that are archived
- B. Invoice-related receipts
- C. Miscellaneous receipts
- D. Receipts applied to open receipts
- E. Credit card chargebacks posted to GL
Answer: B,C,E
Explanation:
These are the three receipt types that can be reversed in the Cloud. Receipts applied to open receipts and receipts that are archived cannot be reversed. Verified [How You Reverse Receipts - Oracle]
NEW QUESTION # 87
Where is the summary delinquency data displayed In the Collections Work Area?
- A. History Tab
- B. Profile Tab
- C. Aging Tab
- D. Transactions Tab
Answer: C
NEW QUESTION # 88
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)
- A. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
- B. drilldown to see reconciliation details and to make reconciling corrections
- C. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
- D. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
- E. drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
Answer: A,C,E
NEW QUESTION # 89
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
- A. Use the Customer Data Exceptions spreadsheet.
- B. Use the Customer Payment Method Exceptions spreadsheet.
- C. Troubleshoot In the Manage Customers page.
- D. Correct error and resubmit the batch.
Answer: B
NEW QUESTION # 90
When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?
- A. First Review Date
- B. Order line Credit Limit
- C. Credit Limit
- D. Credit Review Cycle
Answer: A,D
Explanation:
These are the two columns that, if populated with *NULL, will remove the existing values on loading. They are part of the customer profile class attributes that can be updated using customer import. Verified [How You Manage Customer Data Uploads - Oracle]
NEW QUESTION # 91
In what three ways will changing customer information impact the collection process? (Choose three.)
- A. Making changes on the Profile tab impacts the collection process.
- B. Changing information on the Profile tab does not have an impact on the level at which collections are done.
- C. Changing the Collector impacts the individual working with the delinquent customer.
- D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
- E. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
Answer: A,C,E
NEW QUESTION # 92
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
- A. Customer Name, Customer Account Number, Customer Site Number
- B. Customer Number, Customer Billing Address, Customer Bank Account
- C. Customer Name, Customer Billing Address, Customer Bank Account
- D. Customer Number, Customer Account Number, Customer Site Number
Answer: D
NEW QUESTION # 93
What is required to register an external user to Bill Management?
- A. a customer account contact with the responsibility types bill to and ship-to
- B. a customer account contact with a valid mobile number
- C. a customer account contact with a valid email address
- D. a customer account contact with a valid mailing address
Answer: A
NEW QUESTION # 94
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?
- A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
- B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
- C. manually by using Adjustment Reversal activities
- D. automatically by using the Adjustment Reversal and Chargeback Reversal activities
- E. manually by using Chargeback Reversal activities
Answer: D
NEW QUESTION # 95
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
- A. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
- B. Query each customer refund and verify the Refund Status.
- C. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
- D. Create an Oracle Business Intelligence Applications (OBIA) Report.
Answer: A
NEW QUESTION # 96
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work area.
The import process, however, returns errors. Identify two reasons for the import failure.
- A. an inactive Accounting Method
- B. an inactive Journal Line Type
- C. an inactive Mapping Set
- D. an inactive Journal Entry Rule Set
Answer: C
NEW QUESTION # 97
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
- A. Sites 1, 2, and 3 activities will be included in a single bill.
- B. Sites 2 and 3 activities will be included in a single bill.
- C. Sites 1 and 2 activities will be included in a single bill.
- D. Sites 1 and 3 activities will be included in a single bill.
Answer: C
NEW QUESTION # 98
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Profile tab
- B. Correspondence tab
- C. Activity tab
- D. Aging tab
Answer: A
NEW QUESTION # 99
Identify two late charge interest calculation methods. (Choose two.)
- A. Overdue Transactions only
- B. Adjusted Balance
- C. Previous Balance
- D. Average Daily Balance
Answer: A,D
NEW QUESTION # 100
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
- A. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
- B. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
- C. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
- D. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
- E. If you have printed a transaction, the View Print button will not display a preview of the print.
Answer: A,B,C
NEW QUESTION # 101
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