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Oracle 1Z0-1056-23 Exam Dumps

Vendor: Oracle
Exam Code: 1Z0-1056-23
Exam Name: Oracle Financials Cloud: Receivables 2023 Implementation Professional
Certification: Oracle Financials Cloud
Total Questions: 186 Q&A
Updated on: Dec 16, 2024
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1Z0-1056-23 Online Practice Questions and Answers

Questions 1

The process of remitting receipts to a bank results in fund transfer errors.

Identify three corrective actions to resolve this. (Choose three.)

A. receipt reversal

B. clearing payment information

C. credit reversal

D. debit memo reversal

E. change of instrument

Show Answer

Questions 2

Which two statements are true about processing Receivables adjustments that impact tax amounts?

A. Receivables can look at invoice and retrieve the tax rate code.

B. There is no need to retrieve the tax rate code.

C. Receivables can look at the adjustment activity and retrieve the tax rate code.

D. Receivables can look at System Options and retrieve the tax rate code.

Show Answer

Questions 3

CORRECT TEXT-(Topic 2)

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:

Create a manual Receipt Class, where:

Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)

Receipts using this new receipt class will not be remitted

Organization will use Cash Management to clear their receipts

A. See the explanation below for solution.

B. PlaceHolder

C. PlaceHolder

D. PlaceHolder

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