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Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Manage Customers and Transactions | 25% | - Customer Account Configuration
|
| Process Receipts and Collections | 25% | - Receipt Processing
|
| Configure Receivables | 25% | - Manage Receivables System Options
|
| Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. Identify two late charge interest calculation methods. (Choose two.)
A) Previous Balance
B) Adjusted Balance
C) Overdue Transactions only
D) Average Daily Balance
2. You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
A) short-term debt clearing days
B) collection days
C) clearing days
D) recall days
E) risk elimination days
F) lead days
3. What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?
A) the selling price for all performance obligations in the customer contract
B) the billing amount for all performance obligations in the customer contract
C) the allocated amount for all performance obligations in the customer contract
D) the SSP amounts for all performance obligations in the customer contract
E) the extended SSP amounts for all performance obligations in the customer contract
4. Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?
A) Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.
B) Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
C) Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
D) Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
5. What information does the Collector see in the Activities List area of the Collections Dashboard?
A) tasks assigned to the Collector, such as follow-up calls
B) status of processing activities from the Process Monitor
C) summary of aged transactions
D) customer search as per the parameter specified
E) customer's profile for each assigned customer
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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