Pass with professional 1Z0-1056-24 actual quiz materials

Oracle 1Z0-1056-24 Exam Overview:

Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. 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 date and accounting date as January 29, 2015 and January 31, 2015, respectively.
B) A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
C) A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
D) Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
E) A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
F) Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.

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

3. Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

A) Import Payables Invoices Duty
B) Receipt Creation Duty
C) Trading Community Hierarchy Management Duty
D) Payment Settlement Management Duty

4. Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

A) transactions that were included in a previous Balance Forward Bill
B) transactions have a Bill Type of Imported
C) transactions that have the Print Option set to Do Not Print
D) transactions that have the selected payment terms

5. 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) Customer
B) Site
C) Account
D) Site Address
E) Organization
F) Party

Solutions: