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1Z0-1056-20 Certification Detail Exam Code
1Z0-1056-20
Full Exam Name
Oracle Financials Cloud Receivables 2020 Implementation Essentials
Number of Questions
55
Practice Exams
1Z0-1056-20 Online Practice Exam
Passing Score
64%
Time Limit
85 minutes
Recommended Training
Oracle Financials Cloud Learning Subscription
Syllabus Topics for Oracle 1Z0-1056-20 Exam Topic Name Reporting Billing Receipt Management Receivables to Configuring Receivables Collections Bill Management
Oracle 1Z0-1056-20 Exam Questions
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01. 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.
02. Identify the receivables system option that relates to customers. (Choose two.) Option a) Reciprocal Customer b) Receipt Method
c) Default Country d) Automatic Site Numbering
ANSWER b) Receipt Method c) Default Country
03. Where is the summary delinquency data displayed on the Collections Dashboard Option a) Activity tab b) Correspondence tab
c) Profile tab d) Aging tab
ANSWER c) Profile tab
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. 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
ANSWER a) Pending Approval
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