Free Oracle 1Z0-1056-26 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Oracle Fusion Cloud Financials: Receivables 1Z0-1056-26 Exam Dumps Questions Practice 2026

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Total 180 Questions | Updated On: May 23, 2026

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Question 1

Which two statements are true regarding the Promise to Pay feature in the Collections application?

A : Mass promise to pay amounts automatically become partial payments.

B : You cannot cancel a promise made in error if it is before the promise due date.

C : Promise information is updated by scheduling the Promise Reconciliation process.

D : You can cancel a promise made in error if it is before the promise due date.

Answer: A

Question 2

Which four output file types are available when you run the ''Print Receivables Transactions'' program?

A : JPG

B : PDF

C : Excel

D : HTML

E : Word

F : Zipped PDFs

Answer: A,B,C,D

Question 3

You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.

What are the navigational steps needed to accomplish this task?

A : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Receivables''/Task: ''Manage Business Unit Set Assignment''

B : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Legal Structures''/Task: ''Manage Business Unit Set Assignment''

C : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Financial Reporting Structures''/Task: ''Manage Business Unit Set Assignment''

D : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Organization Structures''/Task: ''Manage Business Unit Set Assignment''

Answer: A

Question 4

Which configuration task needs to be completed before you can create Bills Receivables for a customer?

A : Define approval limits.

B : Define standard memo lines.

C : Define revenue scheduling rules.

D : Define drawee site.

Answer: A

Question 5

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A : The Transaction Summary Report shows only transactions with a status of received.

B : The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

C : The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

D : The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

E : You need to submit the Extract Intercompany Reconciliation Data job.

Answer: C,D

Page: 1 / 36

Total 180 Questions | Updated On: May 23, 2026

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