PDF Version DemoYou shouldn't have to buy study material on faith. PassExamDumps offers a free 1Z0-1056-24 demo of the Oracle Financials Cloud: Receivables 2024 Implementation Professional questions, so you can inspect the quality of the full 144 set for yourself and purchase only when you're convinced.
Oracle 1Z0-1056-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2024 Implementation Professional |
| Exam Number: | 1Z0-1056-24 |
| Exam Price: | $245 USD |
| Exam Duration: | 90 minutes |
| Passing Score: | 68% |
| Exam Format: | Hands-on Performance Based, Multiple Choice |
| Related Certifications: | Oracle Fusion Cloud Financials: Receivables and Collections Certified Implementation Professional |
| Real Exam Qty: | 50 |
| Available Languages: | English |
| Certificate Validity Period: | Oracle Cloud certifications are typically valid for 18 months |
| 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: Manage Customers and Transactions | 25% | - Customer Account Configuration
|
| Topic 2: Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
| Topic 3: Process Receipts and Collections | 25% | - Receipt Processing
|
| Topic 4: Configure Receivables | 25% | - Manage Receivables System Options
|
Thinking About the 1Z0-1056-24 Exam? Read This First
The official Oracle Financials Cloud: Receivables 2024 Implementation Professional blueprint is split into 4 domains, starting with Period Close and Reporting (25%), Manage Customers and Transactions (25%), Configure Receivables (25%). The percentages tell you where the exam concentrates its questions, so budget your study time accordingly — the complete outline above lists every domain and subtopic.
The Oracle Financials Cloud: Receivables 2024 Implementation Professional is Oracle's official exam for the Oracle Financials Cloud certification, positioned at the Professional level. It is the credential hiring managers scan for, and passing it proves your skills meet the vendor's own standard. It also links to related certifications like Oracle Fusion Cloud Financials: Receivables and Collections Certified Implementation Professional, so this exam can serve as a building block in a longer certification plan.
The official registration fee is $245 USD, and you will need 68% to pass. Here is the part people forget: fail, and the retake costs the same full fee again — there is no discount for a second attempt. Drill with the 144 practice questions from PassExamDumps until your scores are consistently past the mark, and only then spend that fee.
Yes — a free PDF demo lets you inspect the question quality and format before you pay a cent. Once you purchase, your Oracle Financials Cloud: Receivables 2024 Implementation Professional material comes with 365 days of free updates, and if that update period ever lapses, extending it costs just 50% of the price in your member zone.
The exam contains 50 questions to be finished within 90 minutes. That ratio is tighter than most candidates expect, which is why pacing matters as much as knowledge. Practice skipping and returning to hard questions, set yourself a per-question time budget, and complete at least two full timed mock exams in the PassExamDumps engine so you feel the clock pressure before it actually counts.
Oracle recommends implementation experience with Oracle Fusion Cloud Financials Receivables Vendor requirements do change from time to time, so confirm the current criteria before scheduling — the official 1Z0-1056-24 exam page has the final word.
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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:
You defined a Payment Terms Threshold Policy to defer revenue recognition of 120 days. An invoice is imported with split Payment Terms, consisting of the following five installments:
What revenue amount would be deferred on this Imported Invoice?
- A. 4000
- B. 2000
- C. 3000
- D. 5000
- E. 1000
Correct Answer: D 🗳️
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Which two statements are true about Accounting for Tax on Receivables? (Choose two.)
- A. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
- B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
- C. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.
- D. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
- E. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
- F. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.
Correct Answer: A,F 🗳️
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work area.
The import process, however, returns errors. Identify two reasons for the import failure.
- A. an inactive Mapping Set
- B. an inactive Journal Entry Rule Set
- C. an inactive Accounting Method
- D. an inactive Journal Line Type
Correct Answer: A 🗳️
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 "Requires Complete" and SMM to "Percent"
- D. by setting SM to "Requires Complete" and SMM to "Quantity"
- E. by setting SM to "Allow Partial" and SMM to "Period"
Correct Answer: C,E 🗳️
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
- A. risk elimination days
- B. recall days
- C. short-term debt clearing days
- D. collection days
- E. lead days
- F. clearing days
Correct Answer: C 🗳️
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