Free Practice Oracle 1Z0-1056-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Financials Cloud: Receivables 2024 Implementation Professional 1Z0-1056-24 Dumps Practice Questions

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Total 180 Questions | Updated On: Feb 17, 2025

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Question 1

In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

A : by setting SM to 'Requires Complete' and SMM to 'Period'

B : by setting SM to 'Allow Partial' and SMM to 'Percent'

C : by setting SM to 'Allow Partial' and SMM to 'Period'

D : by setting SM to 'Requires Complete' and SMM to 'Quantity

E : by setting SM to 'Requires Complete' and SMM to 'Percent'

Answer: A,C

Question 2

The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.

To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

A : 10

B : 1012

C : 65535

D : 1

E : 1024

Answer: A

Question 3

Which two statements are true about configuring Collection Strategies?

A : You need to create Scoring Formulae (or use predefined Scoring Formulas).

B : You need to define an Aging Method that meets the requirements of your organization.

C : You need to SGI the (Collections Method to Strategies for the relevant business unit.

D : You need to create Strategy Tasks of the type 'Automatic' only.

Answer: A,D

Question 4

You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.

Which three event attributes should be used? (Choose three.)

A : Transaction number of amendments

B : Transaction created by

C : Transaction last update date

D : Transaction creation date

E : Transaction type of update

Answer: A,C,E

Question 5

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

A : Customer Number, Customer Account Number, Customer Site Number

B : Customer Name, Customer Billing Address, Customer Bank Account

C : Customer Name, Customer Account Number, Customer Site Number

D : Customer Number, Customer Billing Address, Customer Bank Account

Answer: A

Page: 1 / 36

Total 180 Questions | Updated On: Feb 17, 2025

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