Smartly Prepare Exam with Free Online 1Z0-1056-24 Practice Test

We offer the latest 1Z0-1056-24 practice test designed for free and effective online Oracle Financials Cloud: Receivables 2024 Implementation Professional certification preparation. It's a simulation of the real 1Z0-1056-24 exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.Which three event attributes should be used? (Choose three.)

Options :

A : Transaction number of amendments

B : Transaction created by

C : Transaction last update date

D : Transaction creation date

E : Transaction type of update

Answer: A,C,E

Question 2

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction. Which two steps will help achieve this?

Options :

A : Select the Allow payment of unrelated transactions Receivables System Option.

B : Define a relationship between the two customer accounts.

C : Define a netting agreement between the two customer accounts.

D : Define a business purpose of invoice to each customer address.

E : Define and share a cash pool bank account between the customers.

Answer: A,B

Question 3

Which three receipts can be automatically applied by the 'Apply Receipts Using AutoMatch' process?

Options :

A : Receipts that are manually created.

B : Miscellaneous receipts.

C : Receipts created from a lockbox and uploaded.

D : Receipts created in a spreadsheet and uploaded.

E : Receipts with unapplied amounts.

Answer: A,C,D

Question 4

Which is NOT a valid Infotile in the Accounts Receivables Work Area?

Options :

A : Unidentified Receipts

B : Lockbox Exceptions

C : Receipt Batches

D : Unapplied Receipts

E : Unapplied Credits

Answer: A

Question 5

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.Identify three set-enabled setups in Receivables. (Choose three.)

Options :

A : Collectors

B : Standard Memo Lines

C : Revenue Types

D : Receivable Specialists

E : Revenue Contingencies

Answer: A,B,C