Study with 1Z0-1056-24 Actual Test Questions
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Updated: Aug 22, 2026
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Oracle 1Z0-1056-24 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financials Cloud: Receivables 2024 Implementation Professional |
| Exam Number: | 1Z0-1056-24 |
| Exam Price: | USD 245 (varies by country) |
| Exam Format: | Multiple Choice, Multiple Response |
| Certificate Validity Period: | Typically 1 year (Oracle certification validity policy varies by release) |
| Related Certifications: | Oracle Financials Cloud certifications Oracle Fusion Cloud Financials Implementation certifications |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 70 (approx.) |
| Passing Score: | 75% |
| Recommended Training: | Oracle Financials Cloud Training Oracle Learning Explorer |
| Exam Registration: | Oracle Exam Scheduling (Pearson VUE / Oracle system depending on region) Oracle Certification Registration |
| Sample Questions: | Oracle 1Z0-1056-24 Sample Questions |
| Exam Way: | Online proctored exam (Oracle Testing Center / remote proctoring) |
| Pre Condition: | No strict prerequisites, but Oracle recommends familiarity with Fusion Financials and Accounts Receivable concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Collections and Billing Extensions | - Advanced Receivables Functions
|
| Topic 2: Processing Customer Payments | - Receipt Management
|
| Topic 3: Customer and Account Configuration | - Customer Setup
|
| Topic 4: Managing Customer Billing | - Transaction Processing
|
| Topic 5: Receivables Configuration | - System Setup
|
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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