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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

Question 1

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
B. manually by using Chargeback Reversal activities
C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
D. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
E. manually by using Adjustment Reversal activities

Question 2

Which three receipts can be automatically applied by a system? (Choose three.)

A. receipts that are manually created
B. receipts created in a lockbox and uploaded
C. miscellaneous receipts
D. receipts created in a spreadsheet and uploaded
E. receipts that are unapplied

Question 3

When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.

A. quick cash receipt
B. AutoLockbox receipt
C. automatic receipt
D. miscellaneous receipt
E. manual receipt

Question 4

Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

A. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.
B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.
C. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
D. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
E. The Implementation Project is preconfigured and cannot be deleted or changed.

Question 5

What is the impact on transactions of changing the billing cycle for a customer or group of customers?

A. Existing transactions with no activity retain the old billing cycle.
B. The billing cycle does not have any impact on new transactions.
C. New transactions after this change inherit the new billing cycle.
D. Existing transactions with activity adapt the new billing cycle.

Solutions: