Updated Mar-2026 100% Cover Real 1Z0-1056-24 Exam Questions - 100% Pass Guarantee
Use Real Oracle Dumps - 100% Free 1Z0-1056-24 Exam Dumps
NEW QUESTION # 64
When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?
- A. Order line Credit Limit
- B. Credit Limit
- C. First Review Date
- D. Credit Review Cycle
Answer: C,D
Explanation:
These are the two columns that, if populated with *NULL, will remove the existing values on loading. They are part of the customer profile class attributes that can be updated using customer import. Verified [How You Manage Customer Data Uploads - Oracle]
NEW QUESTION # 65
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer USA can pay for Customer West and its own transactions.
- B. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
- C. Customer Japan can pay its own transactions.
- D. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- E. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
Answer: A,C,D
NEW QUESTION # 66
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
- A. List of delinquent customers.
- B. Tasks assigned to the collector such as follow-up calls.
- C. List of broken payment promises.
- D. Summary of aged transactions.
Answer: B
NEW QUESTION # 67
Identify the dunning letter template set provided by an application.
- A. Soft, Regular, Hard
- B. Final Demand, Soft, Medium
- C. Regular, Medium, Hard
- D. Regular, Final Demand, Medium
Answer: B
NEW QUESTION # 68
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Profile tab
- B. Correspondence tab
- C. Aging tab
- D. Activity tab
Answer: A
NEW QUESTION # 69
You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.
How would you achieve this?
- A. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
- B. Set the payment terms revenue recognition policy to look for Line First and Tax Later.
- C. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
- D. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
- E. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
Answer: A
NEW QUESTION # 70
What is the order used to group transaction lines during the AutoInvoice Import process?
- A. Transaction Source, Customer Site Profile, Customer Account Profile, system options
- B. Transaction Source, Customer Account Profile, system options, Customer Site Profile
- C. System options, Customer Site Profile, Transaction Source, Customer Account Profile
- D. Transaction Source, Customer Account Profile, Customer Site Profile, system options
Answer: A
NEW QUESTION # 71
When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?
- A. One per Customer
- B. One per Invoice
- C. One per Customer, per due date
- D. One per Site. per due date
Answer: A
Explanation:
This is the receipt rule that should be defined to produce the minimum number of payments when defining the receipt method for automatic receipt processing. This rule creates one payment per customer regardless of how many invoices or due dates exist for that customer. Verified [How You Define Receipt Methods - Oracle]
NEW QUESTION # 72
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- B. You can issue a credit card refund to a customer who has made a cash payment.
- C. You can refund receipts that are factored.
- D. You can refund receipts that were either remitted or cleared.
Answer: A,D
NEW QUESTION # 73
Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?
- A. Receipts created in a spreadsheet and uploaded.
- B. Receipts created from a lockbox and uploaded.
- C. Miscellaneous receipts.
- D. Receipts that are manually created.
- E. Receipts with unapplied amounts.
Answer: A,B,D
NEW QUESTION # 74
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
- A. Adding new customer contacts in the Contacts tab.
- B. Changing the collector in the Profile Tab.
- C. Processing a payment promise in the Transactions Tab.
- D. Creating a credit memo in the Transactions Tab.
- E. Applying a customer payment in the Aging Tab.
Answer: A,B,C
NEW QUESTION # 75
Manage Transaction Types
Scenario
A US based company acquired on January 1. 2023. requires Supremo US Business Unit to capture invoices in Oracle Financials Cloud.
Task:
Define a new Transaction Type for the class invoice, where:
Name of the transaction type is XXinvoice (Replace XX with 03.
which is your allocated User ID.)
Customer bills assigned to this transaction type must be printed
Transaction type is meant for billing transactions With open balances
Balances need to be maintained for invoices associated with this
transaction type
Freight charges must be allowed
Cash applications to invoices assigned to this transaction type must not exceed the invoice balance due Invoices associated with this transaction type must be accounted for in the General Ledger application.
Revenue GL account 41000 should be assigned as a reference account for the business unit in question and the company segment must be 120 Supremo Fitness
Answer:
Explanation:
See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Transaction Types icon in the Receivables work area.
Click on the Create button.
In the Transaction Typewindow, enter the following information:
Name:XXinvoice
Class:Invoice
Transaction Action:Create
Transaction Source Type:Customer
Print Customer Bills:Yes
Allow Freight Charges:Yes
Allow Cash Applications:Yes
Accounting:
Reference Account:41000
Company Segment:120 Supremo Fitness
Click on the Save button.
The new transaction type will be created and the customer bills associated with this transaction type will be printed. The balances will also be maintained for invoices associated with this transaction type. Freight charges will be allowed and cash applications to invoices assigned to this transaction type must not exceed the invoice balance due. The invoices associated with this transaction type will be accounted for in the General Ledger application. The revenue GL account 41000 will be assigned as a reference account for the business unit in question and the company segment must be 120 Supremo Fitness.
Steps to confirm the Oracle Applications Cloud version:
Click on the Settings and Actions menu under your profile in the Oracle Applications Cloud window.
Click on About This Application in the Settings and Actions menu.
Copy the complete version number from the About this Application pop-up in the Oracle Application Cloud window.
Paste the version number in the box below.
Click Confirm.
NEW QUESTION # 76
Which three receipt types can be reversed in the Cloud?
- A. Receipts that are archived
- B. Invoice-related receipts
- C. Receipts applied to open receipts
- D. Miscellaneous receipts
- E. Credit card chargebacks posted to GL
Answer: B,D,E
Explanation:
These are the three receipt types that can be reversed in the Cloud. Receipts applied to open receipts and receipts that are archived cannot be reversed. Verified [How You Reverse Receipts - Oracle]
NEW QUESTION # 77
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?
- A. by using the Customer Import Interface work area
- B. by using the correct Customer Data spreadsheet
- C. by importing the correct data by using a new spreadsheet upload
- D. by using the correct Customer Payment Method spreadsheet
Answer: D
NEW QUESTION # 78
Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Answer:
Explanation:
See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Receipt Methods icon in the Receivables work area.
Click on the Create button.
In the Receipt Methodwindow, enter the following information:
Name:XXCheck (Replace XX with your allocated user ID.)
Effective Date:January 1, 2023
Receipt Class:XXReceipt Class (The receipt class that you created in the previous step.) Bank Account:The bank account that will be used to clear receipts for this receipt method.
Click on the Savebutton.
The new receipt method will be created.
NEW QUESTION # 79
Which statement is true about Balance Forward Billing?
- A. Transactions included on a Balance Forward Bill can be updated.
- B. Balance Forward Bills must be enabled at each bill-to-site level.
- C. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
- D. Balance Forward Bills can be created for a future date.
Answer: B
NEW QUESTION # 80
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. Invoice will be created and the system will use the AutoAccounting configuration to create accounting.
- B. Neither invoice nor accounting will be created.
- C. It will return an error and the data will be stuck in the interface table.
- D. Invoice will get created but accounting will not be created.
Answer: A
Explanation:
This is what happens when you run accounting without populating the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. The system will use AutoAccounting to derive the accounting distribution based on your AutoAccounting rules. Verified [How You Import Transactions Using AutoInvoice - Oracle]
NEW QUESTION # 81
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. AutoLockbox receipt
- B. miscellaneous receipt
- C. quick cash receipt
- D. automatic receipt
- E. manual receipt
Answer: D
NEW QUESTION # 82
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)
- A. Pending My Research
- B. Pending Approval From Managers
- C. Pending My Approval
- D. Approved
- E. Pending Approval
Answer: A,C
NEW QUESTION # 83
......
1Z0-1056-24 Dumps PDF - 1Z0-1056-24 Real Exam Questions Answers: https://www.trainingdump.com/Oracle/1Z0-1056-24-practice-exam-dumps.html
Realistic 1Z0-1056-24 Dumps Latest Practice Tests Dumps: https://drive.google.com/open?id=1ixdBflZK5wgWnEOD9S31-qWTrZoVzr8j