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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?

A) after 100 days
B) only after manual intervention
C) after 60 days
D) immediately

2. Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Define Remittance Bank Account where:
Bank Account is associated with Receipt Method
Primary bank account is linked the Denver branch of Bank of America
Bank account number ends with 2870
Remittance bank account is effective as of January 1, 2023
GL Accounts section must contain the values below for company segment 120 Supremo Fitness

3. What information does the Collector see in the Activities List area of the Collections Dashboard?

A) summary of aged transactions
B) customer search as per the parameter specified
C) tasks assigned to the Collector, such as follow-up calls
D) customer's profile for each assigned customer
E) status of processing activities from the Process Monitor

4. You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?

A) scheduled processes
B) user application privileges
C) customer contact information
D) the employees who are involved with the collections process and how the collectors will be assigned
E) system privileges

5. Identify the dunning letter template set provided by an application.

A) Regular, Final Demand, Medium
B) Soft, Regular, Hard
C) Final Demand, Soft, Medium
D) Regular, Medium, Hard

Solutions: