Oracle 1z0-1056-23 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-1056-23
Exam Name/Title: Oracle Financials Cloud: Receivables 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 34
Updated On: Jun 24, 2026

Question #1

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?

A. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

B. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

C. Cash Managers can create and manage bank accounts for only those business units to which they are given access.

D. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #2

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?

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

B. 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.

C. 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.

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

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

Discussion 0

Correct Answer: A,D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #3

You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab. you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is Nonrevenue Allocation?

A. Sales credit allocation based on billing corrections

B. Additional incentive-based sales credits

C. Sales credit reversals due to credit memo creation

D. Sales credits associated to deferred revenue

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #4

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

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

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

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

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

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Download Free Oracle 1z0-1056-23 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1z0-1056-23 exam.