Download Oracle : 1Z0-1056-24 Questions & Answers as PDF & Test Software
Updated: Aug 20, 2026
No. of Questions: 144 Questions & Answers with Testing Engine
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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 |
| Related Certifications: | Oracle Fusion Cloud Financials: Receivables and Collections Certified Implementation Professional |
| Certificate Validity Period: | Oracle Cloud certifications are typically valid for 18 months |
| Exam Duration: | 90 minutes |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Passing Score: | 68% |
| Exam Format: | Multiple Choice, Hands-on Performance Based |
| Real Exam Qty: | 50 |
| Sample Questions: | Oracle 1Z0-1056-24 Sample Questions |
| Exam Way: | Online proctored or test center delivery |
| Pre Condition: | Oracle recommends implementation experience with Oracle Fusion Cloud Financials Receivables |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1Z0-1056-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Process Receipts and Collections | 25% | - Receipt Processing
|
| Topic 2: Configure Receivables | 25% | - Manage Receivables System Options
|
| Topic 3: Manage Customers and Transactions | 25% | - Customer Account Configuration
|
| Topic 4: Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
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 "Percent"
B) by setting SM to "Allow Partial" and SMM to "Period"
C) by setting SM to "Allow Partial" and SMM to "Percent"
D) by setting SM to "Requires Complete" and SMM to "Quantity"
E) by setting SM to "Requires Complete" and SMM to "Period"
2. You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?
A) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
B) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
C) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"
D) Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
3. Which statement is true about Balance Forward Billing?
A) The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
B) Balance Forward Bills can be created for a future date.
C) Transactions included on a Balance Forward Bill can be updated.
D) Balance Forward Bills must be enabled at each bill-to-site level.
4. Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
A) state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
B) state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
C) state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
D) state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 US
E) state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
5. Identify two credit memo options. (Choose two.)
A) Paid freight
B) Invoice lines
C) Advance
D) Paid amount only
E) Tax only
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B,E |
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