Exam Title: Oracle Financials Cloud: Receivables 2019 Implementation
Essentials
Exam Number: 1Z0-1056
Exam Price: Rs.22,584.00 More on exam pricing
Format: Multiple Choice
Duration: 120 Minutes
Number of Questions: 74
Passing Score: 64%
Validated Against: This exam has been validated against 19B. (Previous version
of this exam was validated against 18D in 2018)
Take Recommended Training Courses Complete one of the courses below to prepare for your exam (optional):
Additional Preparation and Information A combination of Oracle training and hands-on experience (attained via labs
and/or field experience) provides the best preparation for passing the exam.
Reporting Explain how to design and use various reporting tools
Explain Oracle Transactional Business Intelligence (OTBI)
Use Business Intelligence Publisher (BIP) Reports
Use the Receivables to Ledger Reconciliation Report
Process intercompany reconciliations
Billing Process billing transactions
Describe invoice print and presentment
Manage revenue
Analyze receivables information using the Billing Work Area
Calculate Transactional Tax
Create and process bills Receivable
Receipt Management Deploy receipt processing
Manage customer refunds
Explain key uses of the Accounts Receivables Work Area
Process bills Receivable Remittances
Receivables
Manage customers in Receivables
Manage Reference Data Sets
Import customer data
Create write offs, adjustments, late charges and chargebacks
Manage Accounting Configuration
Configure Subledger Accounting
Collections Deploy a Delinquency process
Explain the process for customer correspondence
Manage dispute handling
Explain the key functionality of the Collection Work Area
Explain Collection Preferences
Configure and Process a Collections Stratagy
Bill Management
Explain the self-service application for customers.
QUESTION: 1
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 1, 2, and 3 activities will be included in a single bill.
B. Sites 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.
Answer: C
QUESTION: 2 You have created two transactions with a 30-day payment term. The first
transaction is on January
29, 2015 and the second transaction is on January 31, 2015. The invoice date is
the same as the
system date. Both transactions are assigned an unsigned receipt method that has
the lead days set to
60, number of bills receivable rule set to one per customer, and the bills
receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for
a customer on January 31, 2015?
A. A Bills Receivable is created with the issue date as January 31, 2015 and the
maturity date as March 2, 2015.
B. A Bills Receivable is created with the issue date as January 31, 2015 and the
maturity date as February 28, 2015.
C. A Bills Receivable is created with the issue date as January 31, 2015 and the
maturity date as March 30, 2015.
D. Two Bills Receivable transactions are created with maturity dates as March
30, 2015 and April 1, 2015.
E. Two Bills Receivable transactions are created with the issue dates as January
29, 2015 and January 31, 2015.
F. Two Bills Receivable transactions are created with the issue date and
accounting date as January 29, 2015 and January 31, 2015, respectively.
Answer: D
QUESTION: 3 You are not able to initiate a bankruptcy request at the customer site level
on behalf of a customer.
Which two conditions are failing? (Choose two.)
A. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the
customer.
B. The Collections Administrator creates a bankruptcy request in the Customer
Relationship Management (CRM) application and a collector should have the
Collection Manager and Customer Profile Administrator roles assigned.
C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in
Manage Collections Preferences in the Functional Setup Manager for Advanced
Collections.
D. The Collections Manager creates a bankruptcy request in the Customer
Relationship Management (CRM) application and a collector should be configured
as a resource.
E. Bankruptcy must be applied at the customer level, which includes all
transactions at the customer, account, and Site levels.
F. The customer does not have the default strategy and default collector
assigned at the customer account and site level.
Answer: B,C
QUESTION: 4 Identify three activities that you can perform from the Collections
Dashboard. (Choose three.)
A. Verify Customer Payments.
B. Assign a Collector to a delinquent customer.
C. View the Total Amount Due for delinquent customers.
D. Record an activity to create a task or tasks to follow up on a delinquent
customer.
E. Update the work status of a work item for a delinquent customer.
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