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 1z0-1056-23 Dumps with Practice Exam Questions Answers

Questions: 32 questions

Last Update: Apr 12, 2024

Oracle Certification Exam 1z0-1056-23 has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

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1z0-1056-23 Questions and Answers

Question # 1

You defined a Payment Terms Threshold Policy to defer revenue recognition of 120 days. An invoice is imported with split Payment Terms, consisting of the following five installments:

What revenue amount would be deferred on this Imported Invoice?











Question # 2

In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.

At which details?










Site Address



Question # 3

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.

Which two steps will help achieve this?


Select the Allow payment of unrelated transactions Receivables System Option.


Define a relationship between the two customer accounts.


Define a netting agreement between the two customer accounts.


Define a business purpose of invoice to each customer address.


Define and share a cash pool bank account between the customers.

Question # 4

In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?


Days Early






Not Applicable

Question # 5

Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?


Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield


Line-level transaction flexfield and Header-level transaction flexfield


Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield


Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield