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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.
At which details?

A) Organization
B) Site
C) Account
D) Site Address
E) Party
F) Customer

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

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

3. You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report?

A) Receivables Variance
B) Intercompany Variance
C) Accounting Variance
D) Tax Variance

4. To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.

A) Customer Site
B) AutoCash Rules
C) Aging Methods
D) AutoMatch Rule Sets
E) Revenue Scheduling Rules

5. Which two are Late Charge Calculation Methods?

A) Late Payments Only
B) Credit Items and Disputed Transactions
C) Adjustment
D) Overdue Invoices Only

Solutions: