Over 53586+ Satisfied Customers
$89.98
57%OFF
(Include: PDF + Desktop Test Engine + Online Test Engine)
Instant Download: Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)
Download DemoCustom purchase
Actual4Labs has an unprecedented 99.6% first time pass rate among our customers. We're so confident of our products that we provide no hassle product exchange.
Experience the actual 1Z0-1056-24 test format before exam day with Actual4Labs. Our 144 Oracle Financials Cloud: Receivables 2024 Implementation Professional questions come in versatile PDF and testing engines, ensuring your 2026 study sessions are highly effective.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2024 Implementation Professional |
| Exam Number: | 1Z0-1056-24 |
| Passing Score: | 68% |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 50 |
| Related Certifications: | Oracle Fusion Cloud Financials: Receivables and Collections Certified Implementation Professional |
| Exam Price: | $245 USD |
| Certificate Validity Period: | Oracle Cloud certifications are typically valid for 18 months |
| Exam Format: | Hands-on Performance Based, Multiple Choice |
| Sample Questions: | DOWNLOAD DEMO |
| 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/ |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Reporting | 25% | - Receivables Accounting and Reporting
|
| Topic 2: Configure Receivables | 25% | - Manage Receivables System Options
|
| Topic 3: Process Receipts and Collections | 25% | - Receipt Processing
|
| Topic 4: Manage Customers and Transactions | 25% | - Customer Account Configuration
|
The 1Z0-1056-24 exam is a core requirement for the Oracle Financials Cloud certification at the Professional level. Earning this validates your skills for credentials like Oracle Fusion Cloud Financials: Receivables and Collections Certified Implementation Professional.
Candidates will face 50 questions and have 90 minutes to complete the exam. This means you need strict time management. We strongly recommend taking timed practice tests to ensure you can maintain a steady pace without rushing when under actual exam time pressure.
The official examination fee is $245 USD, and you must achieve a score of 68% to pass. Since retaking the test requires paying the full fee again, utilizing accurate practice materials for thorough self-assessment beforehand is crucial to protect your investment.
Candidate requirements include: Oracle recommends implementation experience with Oracle Fusion Cloud Financials Receivables. Please verify all eligibility details on the official certification page before scheduling your appointment.
Absolutely. A free PDF demo is available for you to evaluate the quality of our questions. Once purchased, you receive 365 days of free updates. If your access expires, you can renew it at a 50% discount to keep your materials current.
Your 1Z0-1056-24 practice materials are delivered instantly. You can download them right away, and a copy will be sent to your email within one minute (contact support if not received in 2 hours). You can install the software on an unlimited number of computers. We also offer a 100% Money Back Guarantee: if you fail the corresponding exam within 60 days of purchase, you can claim a full refund. To apply, submit your enrollment slip and official Score Report PDF within 2 days after taking the test (processing takes up to 7 days). Note: failures within 3 days of purchase, downloaded but unattempted exams, free materials, and expired orders are excluded. The payer's name must match the candidate's name. Alternatively, you can exchange your order for two free exams of equal value and keep the original product's updates.
The syllabus is divided into 4 main domains. Key areas include "Configure Receivables" (25%), "Process Receipts and Collections" (25%), "Manage Customers and Transactions" (25%). For a comprehensive breakdown of all measured skills, please review the complete exam outline table provided above.
Question 1
In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.
At which details?
A. Customer
B. Site Address
C. Party
D. Site
E. Account
F. Organization
Question 2
Manage Balance Forward Billing Cycles and Payment Terms
Scenario
You are a consultant for a client who is implementing the Balance Forward Billing feature in Oracle Financials Cloud. You have been asked to define Balance Forward Billing Cycle as well as Balance Forward Billing Payment Terms so that your client can generate consolidated bills.
Task:
Create Balance Forward Billing Cycle, where:
Name of the cycle is XXCycle (Replace XX with 03. which is your allocated user ID.) Bills are generated every day Cycle is effective as Of January 1,2023
Question 3
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
A. Processing a payment promise in the Transactions Tab.
B. Changing the collector in the Profile Tab.
C. Adding new customer contacts in the Contacts tab.
D. Creating a credit memo in the Transactions Tab.
E. Applying a customer payment in the Aging Tab.
Question 4
Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?
A. Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.
B. Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
C. Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
D. Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
Question 5
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
A. Sites 2 and 3 activities will be included in a single bill.
B. Sites 1, 2, and 3 activities will be included in a single bill.
C. Sites 1 and 2 activities will be included in a single bill.
D. Sites 1 and 3 activities will be included in a single bill.
Solutions:
| Question 1 Answer: D | Question 2 Answer: Only visible for members | Question 3 Answer: A,B,C | Question 4 Answer: A | Question 5 Answer: C |
1310 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)I scored 96% marks in the 1Z0-1056-24 certification exam. I prepared with the exam practising software by Actual4Labs. Made it very easy to take the actual exam. Highly suggested to all
Reginald
Thank you!
I have searched 1Z0-1056-24 dumps a lot but no result.
Maxine
Every certification exam means one step ahead in your career and I made progress in my career only with the help of Actual4Labs 's study guide, dumps and practice tests. Hassle free solution to Ace Exam 1Z0-1056-24!
Sylvia
Online 1Z0-1056-24 Test Engine is really useful and convenient It nearly same with the real test. Yes, it is valid.
Geraldine
I just passed my 1Z0-1056-24 exam today.
Timothy
I passed 1Z0-1056-24 exam with ease. The exam was easier than I thought. Do study the Oracle 1Z0-1056-24 dumps thoroughly provided here 90% questions were from them.
Jerry
With the 1Z0-1056-24 exam questions, you will really understand what to expect on the exam. I have passed the exam smoothly. Just study hard and you will pass as well!
Matt
Passed with 95% this morning using only Actual4Labs 1Z0-1056-24 Dump. Dump 100% valid in South Africa had 3 new questions.
Alice
I couldn’t believe it when i received a notification that i had passed my 1Z0-1056-24 exam. Thanks for you wonderful 1Z0-1056-24 training guide!
Isidore
There was a decent amount of these questions in my exam. Use 1Z0-1056-24 exam cram along which is sufficient to pass.
Meroy
After going through the 1Z0-1056-24 study guide, i became confident and attended in the exam last week. I now got my certification. Thanks so much!
Spring
I would like to suggest Actual4Labs exam preparation material for the certified 1Z0-1056-24 exam. I studied from these question answers and it prepared me very well. I was able to get excellent marks in the exam.
Addison
When i was struggling with deciding on what method to use for my exam prep, i found this set of1Z0-1056-24 exam questions, they helped me pass the exam. Thanks for all the help!
Hamiltion
Thanks for your 1Z0-1056-24 dumps.
Norma
Actual4Labs offered me 1Z0-1056-24 preparation material.
Joseph
The 1Z0-1056-24 dump is good.I hadn't questions that troubled me much, but there were one or two questions I really forgot. But still passed. Thank you!
Beck
After two unsuccessful attempts, I finally cleared my 1Z0-1056-24 certification exam. This time I relied on Actual4Labs only. Actual4Labs study guide equipped me with high score
Matthew
When I was attempting my 1Z0-1056-24 exam, some approaches and principles that you have mentioned in your course were constantly flashing in my mind and helped me in answering the exam questions correctly and efficiently. Certification 1Z0-1056-24 material of Actual4Labs has certainly contributed a lot in my success.
Freda
All the 1Z0-1056-24 questions are the real ones.
Edison
I came across many online sources for 1Z0-1056-24 exam but nothing worked for me. Using them I cleared with 89% marks and very happy today.
Clare
After Payment, our system will send you the products you purchase in mailbox in a minute after payment. If not received within 2 hours, please contact us.
Free update is available within 365 days after your purchase. After 365 days, you will get 50% discounts for updating.
Full refund if you fail the corresponding exam in 60 days after purchasing. And Free get any another product.
We respect customer privacy. We use McAfee's security service to provide you with utmost security for your personal information & peace of mind.
0
0
0
0
If you have any question please leave me your email address, we will reply and send email to you in 12 hours.
Our Working Time: ( GMT 0:00-15:00 )
From Monday to Saturday
