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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. 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) Create a new reference data set for account addresses and assign it to the business units.
C) Create a separate reference data set for each business unit and assign it to each unit.
D) Assign an enterprise reference data set to the business units, which share the account addresses.

2. Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

A) Compound
B) Flat Rate
C) Simple
D) Declining Balance
E) Average

3. Your organization is looking to adopt a flexible approach to control the creation of claims investigation when the lockbox files contain invalid positive remittance references. This feature helps manage lockbox files that encounter invalid transaction numbers for receipts with customer assignment.
When this option is enabled in the Manage Receivables System Options task, which process must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction referenced?

A) Process Lockbox Receipts
B) Process Receipts and Remittances through Lockbox
C) Process Lockbox Receipts and Remittance Reference
D) Process Receipts through Lockbox

4. You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?

A) Customer Name, Customer Account Number, Customer Site Number
B) Customer Number, Customer Billing Address, Customer Bank Account
C) Customer Name, Customer Billing Address, Customer Bank Account
D) Customer Number, Customer Account Number, Customer Site Number

5. Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

A) Guarantee
B) Debit Memo
C) Credit Memo
D) Deposit
E) Charge Back

Solutions: