Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Configuring Customer Billing | - Manage AutoInvoicing - Manage resources, salesperson, sales credits, and salesperson account references - Configure revenue for Receivables - Manage transaction types, transaction sources, Items, and memo lines - Manage AutoAccounting |
| Topic 2: Configuring Common Receivables | - Configure Receivables using Rapid Implementation - Configure and import customers - Integrate Receivables with other applications - Configure Sub Ledger Accounting - Configure Receivables - Configure Tax - Configure Cash Management |
| Topic 3: Configuring Bill Management | - Configure and use Oracle Bill Management |
| Topic 4: Reporting for Account Receivables and Advanced Collections | - Generate account receivables reconciliation - Report with Oracle Transactional Business Intelligence (OTBI) - Report with Business Intelligence Publisher (BIP) |
| Topic 5: Configuring and Using Advanced Collections | - Manage collections activities - Design and use scoring strategies - Configure advanced collections |
| Topic 6: Configuring Customer Payments | - Configure and manage Lockbox - Configure and manage Automatic Receipts and Funds Capture - Configure and manage Customer Receipts |
| Topic 7: Managing Customer Billing | - Manage AutoInvoice corrections - Calculate transactional tax - Create and process transactions - Manage the AutoInvoice process - Manage transaction printing |
| Topic 8: Processing Customer Payments | - Create and process receipt exceptions - Create and process receipts - Create and process bills receivables remittances |
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?
A) Delete Contracts from the Manage Customer Contracts UI.
B) Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
C) Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.
D) Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
E) Delete the source data that was imported into Revenue Management and import new source data.
2. Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?
A) Run the predefined Transaction Details Report.
B) Create an Oracle Transactional Business Intelligence (OTBI) analysis.
C) Search in the Payables "Manage Payments" page, then export results to Excel.
D) Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel.
3. Which three benefits do intercompany reconciliation reports provide to an accountant?
A) Comparing receivables and payables account balances and identifying discrepancies.
B) Displaying intercompany receivables and payables balancing lines.
C) Displaying clearing company balancing lines.
D) Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
4. 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 SSP amounts 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 selling price for all performance obligations in the customer contract
E) the extended SSP amounts for all performance obligations in the customer contract
5. Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?
A) Receipts with unapplied amounts.
B) Receipts created in a spreadsheet and uploaded.
C) Miscellaneous receipts.
D) Receipts created from a lockbox and uploaded.
E) Receipts that are manually created.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A,B,D | Question # 4 Answer: B | Question # 5 Answer: B,D,E |
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