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NEW QUESTION # 36
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer Japan can pay its own transactions.
- B. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- C. Customer USA can pay for Customer West and its own transactions.
- D. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
- E. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
Answer: A,B,C
NEW QUESTION # 37
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
- A. Trading Community Hierarchy Management Duty
- B. Import Payables Invoices Duty
- C. Payment Settlement Management Duty
- D. Receipt Creation Duty
Answer: B,C
NEW QUESTION # 38
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?
- A. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
- B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
- C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
- D. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
- E. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
- F. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
Answer: F
NEW QUESTION # 39
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
- A. creating write-offs for specific currencies and customers
- B. scheduling periodic write-offs as receipt adjustments for small remaining balances
- C. scheduling periodic write-offs to occur in future periods
- D. limiting write-offs by a percentage of the original receipt amount
- E. scheduling periodic write-offs as receipt adjustments for old remaining balances
Answer: A,B,D
NEW QUESTION # 40
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
- A. Flat Rate
- B. Compound
- C. Declining Balance
- D. Simple
- E. Average
Answer: A,B,D
NEW QUESTION # 41
Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?
- A. Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield
- B. Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield
- C. Line-level transaction flexfield and Header-level transaction flexfield
- D. Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield
Answer: C
Explanation:
These are the two flexfields that AutoInvoice requires to identify transactions and transaction lines, if you load the interface using a customized form. They are used to group transaction lines into transactions and assign transaction attributes. Verified [How You Define AutoInvoice Grouping Rules - Oracle]
NEW QUESTION # 42
You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
- A. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
- B. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
- C. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
- D. Cash Managers can create and manage bank accounts for only those business units to which they are given access.
Answer: B
Explanation:
This is the true statement about the restrictions applied to the setup. Cash Managers can access bank accounts based on their legal entity access privileges. They can create and manage bank accounts for only those legal entities that they are authorized to access. Verified [How You Manage Bank Accounts - Oracle]
NEW QUESTION # 43
In what three ways will changing customer information impact the collection process? (Choose three.)
- A. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
- B. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
- C. Changing the Collector impacts the individual working with the delinquent customer.
- D. Changing information on the Profile tab does not have an impact on the level at which collections are done.
- E. Making changes on the Profile tab impacts the collection process.
Answer: A,C,E
NEW QUESTION # 44
You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)
- A. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
- B. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
- C. The customer does not have the default strategy and default collector assigned at the customer account and site level.
- D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
- E. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
- F. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
Answer: A,F
NEW QUESTION # 45
You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.
Which three event attributes should be used?
- A. Transaction number of amendments
- B. Transaction creation date
- C. Transaction created by
- D. Transaction type of update
- E. Transaction last update date
Answer: A,D,E
Explanation:
These are the three event attributes that can be used to identify the origin and history of Receivable transactions. They capture the information about the changes made to the transactions, such as the transaction number, the type of update (create, update, delete), and the date of the last update. Verified [How You Define Event Attributes - Oracle]
NEW QUESTION # 46
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)
- A. by setting SM to "Allow Partial" and SMM to "Percent"
- B. by setting SM to "Requires Complete" and SMM to "Percent"
- C. by setting SM to "Requires Complete" and SMM to "Quantity"
- D. by setting SM to "Requires Complete" and SMM to "Period"
- E. by setting SM to "Allow Partial" and SMM to "Period"
Answer: B,E
NEW QUESTION # 47
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits.
What would be the result?
- A. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
- B. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
- C. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
- D. The program can be run only if the amount is within the Billing Specialist's approval limits.
Answer: A
NEW QUESTION # 48
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?
- A. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
- B. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
- C. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- D. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- E. The program allows table hierarchies for customer bank accounts, but not for other customer information.
Answer: C
NEW QUESTION # 49
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A. Manage Receipt Remittance Batches
- B. Create Receipt Remittance Batch
- C. Create Automatic Receipts
- D. Correct Funds Transfer Errors
- E. Lockbox Transmission History
Answer: A,B,C
NEW QUESTION # 50
Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?
- A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.
- B. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.
- C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.
- D. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.
- E. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee.
Answer: B
NEW QUESTION # 51
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. Site Address
- B. Site
- C. Organization
- D. Customer
- E. Account
- F. Party
Answer: B
Explanation:
This is the level at which you can use the Age of Latest Payment data point to determine the number of days passed since the last payment was received from a customer. The Age of Latest Payment data point is calculated at the account level and shows the age of the most recent payment for each customer account. Verified [How You Define Scoring Components - Oracle]
NEW QUESTION # 52
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?
- A. Assign a COMMON reference data set to the business units, which share the account addresses.
- B. Assign an enterprise reference data set to the business units, which share the account addresses.
- C. Create a separate reference data set for each business unit and assign it to each unit.
- D. Create a new reference data set for account addresses and assign it to the business units.
Answer: A
NEW QUESTION # 53
Which four output file types are available when you run the "Print Receivables Transactions" program?
- A. Zipped PDFs
- B. JPG
- C. Word
- D. HTML
- E. Excel
- F. PDF
Answer: A,D,E,F
NEW QUESTION # 54
A Billing Specialist has created and completed an invoice for $100 USD for Customer A .
The Specialist prints the invoice and realizes that the invoice should have been created for Customer B .
The accounting for the transaction for Customer A is posted to the General Ledger.
How can this be corrected?
- A. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer
- B. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
- C. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
- D. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
Answer: B
NEW QUESTION # 55
The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
- A. clearing payment information
- B. debit memo reversal
- C. receipt reversal
- D. credit reversal
- E. change of instrument
Answer: A,C,E
NEW QUESTION # 56
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
- A. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
- B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
- C. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
- D. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
- E. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
Answer: C,D
NEW QUESTION # 57
Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)
- A. Debit Memo
- B. Credit Memo
- C. Guarantee
- D. Charge Back
- E. Deposit
Answer: A,B
NEW QUESTION # 58
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
- A. Use the Customer Payment Method Exceptions spreadsheet.
- B. Correct error and resubmit the batch.
- C. Troubleshoot In the Manage Customers page.
- D. Use the Customer Data Exceptions spreadsheet.
Answer: A
NEW QUESTION # 59
Which two statements are true about Accounting for Tax on Receivables? (Choose two.)
- A. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
- B. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
- C. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
- D. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.
- E. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
- F. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.
Answer: D,E
NEW QUESTION # 60
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
- A. Tasks assigned to the collector such as follow-up calls.
- B. List of delinquent customers.
- C. List of broken payment promises.
- D. Summary of aged transactions.
Answer: A
NEW QUESTION # 61
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