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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. Which two statements are true regarding the Promise to Pay feature in the Collections application?

A) You cannot cancel a promise made in error if it is before the promise due date.
B) Mass promise to pay amounts automatically become partial payments.
C) Promise information is updated by scheduling the Promise Reconciliation process.
D) You can cancel a promise made in error if it is before the promise due date.

2. What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)

A) AutoMatch Rule
B) System Options
C) Receipt Method
D) Customer

3. What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

A) scheduling periodic write-offs as receipt adjustments for small remaining balances
B) limiting write-offs by a percentage of the original receipt amount
C) scheduling periodic write-offs to occur in future periods
D) scheduling periodic write-offs as receipt adjustments for old remaining balances
E) creating write-offs for specific currencies and customers

4. You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report?

A) Tax Variance
B) Accounting Variance
C) Receivables Variance
D) Intercompany Variance

5. Which is NOT a valid Infotile in the Accounts Receivables Work Area?

A) Receipt Batches
B) Unapplied Credits
C) Lockbox Exceptions
D) Unapplied Receipts
E) Unidentified Receipts

Solutions: