Oracle Financials Cloud: Receivables 2023 Implementation Professional

Here you have the best Oracle 1z0-1056-23 practice exam questions

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Each page has 5 questions, making a total of 5 pages
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This questions were last updated on October 26, 2025
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Question 1 of 25

When you run AutoInvoice, the process may generate a list of records that fail validation.
Using which two methods/features, can you display the AutoInvoice errors in an Excel workbook? (Choose two.)

The Incomplete Infotile

The Manage Transactions task

The Import Exceptions Infotile

The Manage AutoInvoice Lines task

Correct Answer: B, C

Question 2 of 25

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)

Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.

Time-based contingencies must not expire before the contingency can be removed and revenue recognized.

Correct Answer: A, B

Question 3 of 25

Your customer receives their invoices via the XML delivery method. They want to receive billing transactions for specific sites only. Now you have been tasked with creating a very focused delivery method of XML transactions for this customer site that should be receiving the invoice.
To define this setup, you must add a new lookup code to the AR_Features lookup type in the Manage Receivables Lookups task.
Which lookup code would you use?

AR_XML_DELIVERY_METHOD

AR_XML_INVOICE_ENHANCED

AR_INTERFACE_XML

AR_INVOICE_XML_ENHANCED

AR_CUSTOMER_DELIVERY

Correct Answer: B

Question 4 of 25

Your organization is looking to adopt a flexible approach to control the creation of claims investigation when the lockbox files contain invalid positive remittance references. This feature helps manage lockbox files that encounter invalid transaction numbers for receipts with customer assignment.
When this option is enabled in the Manage Receivables System Options task, which process must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction referenced?

Process Receipts and Remittances through Lockbox

Process Lockbox Receipts

Process Lockbox Receipts and Remittance References

Process Receipts through Lockbox

Correct Answer: B

Question 5 of 25

Upon approval of a remittance batch of type Factored with Recourse, the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?

By recording short-term debt

By generating a bills receivables adjustment

By recording an entry to the Remitted Bills Receivable account

By creating an on-account credit memo

Correct Answer: A