Study with 1Z0-1056-24 Actual Test Questions
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Updated: Jul 11, 2026
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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
1. As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
A) Request Information
B) Reject
C) Reassign
D) Approve
E) Edit
2. Where is the summary delinquency data displayed on the Collections Dashboard?
A) Profile tab
B) Aging tab
C) Correspondence tab
D) Activity tab
3. Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
A) The payable options and the receivable system options should have the same tax application options.
B) Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
C) Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
D) First enter a payable transaction to calculate tax and then enter the receivable transaction.
E) Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
F) Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
4. You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
A) Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
B) Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
C) Cash Managers can create and manage bank accounts for only those business units to which they are given access.
D) Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
5. Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
A) Payment Settlement Management Duty
B) Trading Community Hierarchy Management Duty
C) Import Payables Invoices Duty
D) Receipt Creation Duty
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A,F | Question # 4 Answer: B | Question # 5 Answer: A,C |
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