Oracle 1Z0-1056-24

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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.

A) automatic receipt
B) manual receipt
C) AutoLockbox receipt
D) quick cash receipt
E) miscellaneous receipt

2. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

A) by Customer and time frame
B) by Source Document Line andtime frame
C) by Source Document and time frame
D) by Quote Number and time frame
E) by Item and time frame

3. When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A) removes the invoice line revenue contingencies
B) leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
C) leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
D) removes the pending sales credits

4. 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 USA can pay for Customer Worldwide, Customer West, and its own transactions.
B) Customer USA can pay for Customer West and its own transactions.
C) Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
D) Customer Japan can pay for Customer West, Customer USA, and its own transactions.
E) Customer Japan can pay its own transactions.

5. Identify the receivables system option that relates to customers.

A) Reciprocal Customer
B) Default Country
C) Receipt Method
D) Automatic Site Numbering

Solutions: