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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

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

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

2. As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?

A) It will return an error and the data will be stuck in the interface table.
B) Neither invoice nor accounting will be created.
C) Invoice will get created but accounting will not be created.
D) Invoice will be created and the system will use the AutoAccounting configuration to create accounting.

3. Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?

A) Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
B) Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
C) Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
D) Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.

4. You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab. you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is Nonrevenue Allocation?

A) Additional incentive-based sales credits
B) Sales credits associated to deferred revenue
C) Sales credit reversals due to credit memo creation
D) Sales credit allocation based on billing corrections

5. 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 can only create but not manage bank accounts for those legal entities to which they are given access.
B) Cash Managers cannot create but only manage bank accounts for 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 create and manage bank accounts for only those legal entities to which they are given access.

Solutions: