Oracle 1Z0-1056-21 Exam | Questions | Preparation Tips |

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1Z0-1056-21 certification subjects.

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3. Understand all Syllabus Topics of the Exam which are Given in

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1Z0-1056-21 Certification DetailExam Code 1Z0-1056-21

Full Exam Name Oracle Financials Cloud Receivables 2021 Implementation

Essentials

Number of

Questions

58

Practice Exams 1Z0-1056-21 Online Practice Exam

Passing Score 64%

Time Limit 90 minutes

Recommended

Training

Oracle Financials Cloud: Receivables 2021 Certified

Implementation Specialist

Oracle Financials Cloud Learning Subscription

Syllabus Topics for Oracle 1Z0-1056-21 Exam

Topic Name Percentage

Configuring Common Receivables Configuring Customer Billing

Configuring Customer Payments Managing Customer Billing

Processing Customer Payments Bill Management

Reporting for Account Receivables & Advanced

Collections

Configuring and Using Advanced Collections

Oracle 1Z0-1056-21Exam Questions

?

01. Where is the summary delinquency data displayed on the Collections Dashboard?

Option

a) Activity tab

b) Correspondence tab

c) Profile tab

d) Aging tab

ANSWERc) Profile tab

02. A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user’s approval limit. What is the status of the adjustment?

Option

a) Pending Approval

b) Forwarded for Approval

c) Pending Research

d) Approval Required

ANSWERa) Pending Approval

03. Which two are rules applicable to issue of refunds? (Choose two.)

Option

a) You cannot refund more than either the original receipt amount or the remaining unapplied amount.

b) You can refund receipts that were either remitted or cleared.

c) You can issue a credit card refund to a customer who has made a cash payment.

d) You can refund receipts that are factored.

ANSWER

a) You cannot refund more than either the original receipt amount or the remaining unapplied amount.b) You can refund receipts that were either remitted or cleared.

04. What information does the Collector see in the Activities List area of the Collections Dashboard?

Option

a) summary of aged transactions

b) tasks assigned to the Collector, such as follow-up calls

c) status of processing activities from the Process Monitor

d) customer search as per the parameter specified

e) customer’s profile for each assigned customer

ANSWER

b) tasks assigned to the Collector, such as follow-up calls

05. Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.Which option would you use to achieve this with the help of the Subledger Accounting solution?

Option

a) Mapping Set

b) Supporting References

c) Transaction References

d) Description Rule

ANSWER

b) Supporting References

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