1Z0-1056-24 PDF Dumps 2026 Exam Questions with Practice Test [Q13-Q34]

NO.13 When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.

Business unit is not a required option on the Parameters tab to run the delinquency process.

Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.

Select the check box to enter the default business unit if it does not appear in the drop-down menu.

Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

NO.14 One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization’s bank account?

Clear Receipts Automatically Process

Remittance Process

Automatic Receipt Process

Lockbox Process

NO.15 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 Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.

A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.

A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.

Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.

Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.

Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.

NO.16 The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

automatic receipts creation

receipts creation in a spreadsheet

manual receipt entry

Lockbox receipts creation

NO.17 Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

transactions that have the Print Option set to Do Not Print

transactions that have the selected payment terms

transactions have a Bill Type of Imported

transactions that were included in a previous Balance Forward Bill

NO.18 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?

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.

The program allows table hierarchies for customer bank accounts, but not for other customer information.

No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

NO.19 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:

NO.20 In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

Days Early

Time

DaysLate

Not Applicable

NO.21 Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

The Implementation Project is preconfigured and cannot be deleted or changed.

You must plan your Implementation Project carefully because you cannot delete it or make changes later.

You must select the offering “Financials” and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

When you select the offering “Financials,” it automatically allows you to perform the setup for all Oracle Financials Cloud products.

You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

NO.22 Identify two late charge interest calculation methods. (Choose two.)

Previous Balance

Adjusted Balance

Overdue Transactions only

Average Daily Balance

NO.23 The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

receipt reversal

clearing payment information

credit reversal

debit memo reversal

change of instrument

NO.24 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?

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.

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.

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.

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.

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.

NO.25 Which three receipts can be automatically applied by a system? (Choose three.)

receipts that are unapplied

receipts created in a spreadsheet and uploaded

miscellaneous receipts

receipts that are manually created

receipts created in a lockbox and uploaded

NO.26 You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Receivables”/Task: “Manage Business Unit Set Assignment”

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Legal Structures”/Task: “Manage Business Unit Set Assignment”

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Financial Reporting Structures”/Task: “Manage Business Unit Set Assignment”

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Organization Structures”/Task: “Manage Business Unit Set Assignment”

NO.27 How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.

Only a Collections Administrator can modify the strategy.

The Collector can modify the strategy from the Profile > Strategies tab.

The strategy can be modified from the Manage Customers page.

NO.28 You defined a Payment Terms Threshold Policy to defer revenue recognition of 120 days. An invoice is imported with split Payment Terms, consisting of the following five installments:

What revenue amount would be deferred on this Imported Invoice?

3000

5000

1000

4000

2000

NO.29 When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

manually, but without using the Adjustment Reversal and Chargeback Reversal activities

automatically, but without using the Adjustment Reversal and Chargeback Reversal activities

automatically by using the Adjustment Reversal and Chargeback Reversal activities

manually by using Chargeback Reversal activities

manually by using Adjustment Reversal activities

NO.30 Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

The Transaction Summary Report shows only transactions with a status of received.

The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

You need to submit the Extract Intercompany Reconciliation Data job.

NO.31 You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.
Which three event attributes should be used?

Transaction number of amendments

Transaction type of update

Transaction creation date

Transaction created by

Transaction last update date

NO.32 What validation step is required for implementing dispute processing?

The Recognize Revenue Program is scheduled.

Periods for which the transaction can be disputed are Open.

BPM Work List for approval configuration is validated.

All transactions are of the invoice type.

NO.33 Which two statements are true about configuring Collection Strategies?

You need to create Scoring Formulae (or use predefined Scoring Formulas).

You need to define an Aging Method that meets the requirements of your organization.

You need to SGI the (Collections Method to Strategies for the relevant business unit.

You need to create Strategy Tasks of the type “Automatic” only.

NO.34 When you run Auto lnvoice. the process may generate a list of records that fail validation.
Using which two methods/features, can you display the Auto lnvoice errors in an Excel workbook?

The Incomplete Infotile

The Manage Transactions task

The Import Exceptions Infotile

The Manage Auto lnvoice Lines task