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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which two items are required for customer invoicing? (Choose two.)

A) Customer Profile Class
B) Lockbox
C) Remit-to-address
D) Customers

2. Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?

A) Miscellaneous receipts.
B) Receipts created in a spreadsheet and uploaded.
C) Receipts with unapplied amounts.
D) Receipts that are manually created.
E) Receipts created from a lockbox and uploaded.

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

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

4. Identify two values that default from Customer Profile Classes. (Choose two.)

A) Legal Entity
B) Business Purpose
C) Tax
D) Payment Terms
E) Statement Cycle

5. A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?

A) Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
B) Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
C) Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
D) Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.

Solutions: