200 Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional Practice Questions: Ultimate Question Bank 2025
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Showing 50 of 200 practice questions for Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional
of 200
Your organization is implementing Oracle Receivables Cloud and needs to configure transaction types for invoices and credit memos. Which three attributes are required when defining a transaction type?
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A customer has returned goods worth $5,000 and requests a credit memo. The original invoice has already been fully paid. What is the recommended approach to handle this scenario in Oracle Receivables Cloud?
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When configuring AutoInvoice in Oracle Receivables Cloud, which component is responsible for grouping imported transaction lines into separate invoices?
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Your company uses lockbox processing to automate receipt application. After uploading a lockbox file, several receipts show a status of 'Remittance Pending'. What does this status indicate?
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Which statement accurately describes the relationship between receipt classes and receipt methods in Oracle Receivables Cloud?
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A Collections Manager needs to configure automatic assignment of delinquent accounts to collectors. The assignment should be based on customer geographic region and account balance. Which feature in Oracle Collections Cloud should be used?
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During period close activities, you notice that certain transactions are not appearing in the General Ledger. Upon investigation, you find these transactions have a 'Posted' accounting status. What is the most likely cause of this issue?
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What is the primary purpose of implementing Revenue Scheduling Rules in Oracle Receivables Cloud?
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Your organization uses credit checking in Oracle Receivables Cloud. A sales order is on credit hold because the customer has exceeded their credit limit by $10,000. The customer makes a payment of $15,000, which is applied to outstanding invoices. However, the sales order remains on hold. What is the most likely reason?
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An implementation consultant needs to configure reference data sets for a global organization with multiple business units that share customer data but require separate transaction sequencing. Which approach best addresses this requirement?
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Your organization requires that customer payments be automatically applied to invoices based on matching invoice numbers provided in the payment remittance data. Which AutoInvoice application rule should you configure?
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A Collections Manager needs to create a dispute for a customer invoice where the customer claims they were overcharged. What is the correct sequence of steps to create and manage the dispute in Oracle Receivables Cloud?
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During the implementation of Oracle Receivables Cloud, you need to configure the system to prevent users from creating transactions for a customer account that has exceeded its credit limit. Which setup configuration achieves this requirement?
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What is the primary purpose of the AutoLockbox program in Oracle Receivables Cloud?
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A company has multiple business units and wants to ensure that receivables transactions created in one business unit cannot be viewed or modified by users in another business unit. Which security feature should be implemented?
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Which statement accurately describes the relationship between Transaction Types and Transaction Sources in Oracle Receivables Cloud?
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Your organization processes a high volume of small-value receipts and wants to minimize the time spent on applying receipts that have minor unapplied amounts. Which feature should you configure to automatically write off small unapplied receipt amounts?
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During period-end close activities, you discover that certain invoices have revenue recognition deferred to future periods. Which Oracle Receivables Cloud feature is responsible for managing this revenue deferral?
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A customer has multiple open invoices and makes a partial payment without specifying which invoices to pay. You have configured receipt application rules. In what order does the system typically attempt to apply the receipt?
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Your company operates in multiple countries and needs to process receipts in various currencies that differ from the invoice currency. The accounting team requires that both realized and unrealized gains/losses be tracked. Which configuration is essential to meet this requirement?
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A company wants to automatically create accounting entries when receipts are applied to invoices. Which setup is required to enable this functionality in Oracle Receivables Cloud?
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Your organization receives a customer payment that covers multiple invoices across different business units. What is the correct approach to handle this scenario in Oracle Receivables Cloud?
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A collections manager needs to automatically assign past-due invoices to collectors based on customer credit rating and outstanding balance amount. Which Collections feature should be configured?
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During period close activities, you notice that some transactions are not creating accounting entries. Upon investigation, you find they are in 'Incomplete' accounting status. What is the most likely cause and resolution?
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A customer account has a credit memo for $500 and an outstanding invoice for $800. The customer sends a payment for $300. What is the standard application sequence that Oracle Receivables uses by default?
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What is the purpose of defining Receipt Classes in Oracle Receivables Cloud?
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Your organization needs to track customer credit exposure across orders, invoices, and receipts in real-time. Which feature provides this comprehensive credit management capability?
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A company has multiple operating units and wants to centralize receipt processing while maintaining separate bank accounts for each unit. They want receipts entered once but automatically distributed to the correct operating unit based on the invoice being paid. What setup approach is required?
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When setting up Transaction Types in Oracle Receivables, which attribute determines whether a transaction will increase or decrease the customer's outstanding balance?
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Your company needs to generate a report showing all transactions that have accounting entries created but have not yet been transferred to General Ledger. Which combination of report and accounting status should you use?
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Your organization needs to automatically apply receipts to invoices based on matching invoice numbers referenced in the bank statement. Which AutoMatch rule set component should you configure?
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A collections manager wants to ensure that customers with disputes open for more than 30 days are automatically escalated to a senior collector. Which Collections feature should be implemented?
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What is the primary purpose of the Receivables Account Analysis report?
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A company imports transactions from an external billing system. Some transactions fail validation with the error 'Transaction Type not found'. What is the most likely cause?
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Your company processes lockbox receipts daily and needs to automatically create accounting entries when receipts are applied. Which setup step is required?
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What happens when you reverse an invoice that has been partially paid?
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A collector needs to view all outstanding invoices, open disputes, unfulfilled commitments, and recent payment history for a customer in one place. Which Collections feature provides this consolidated view?
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Your organization needs to prevent certain users from viewing customer bank account information while still allowing them to process receipts. How can this be accomplished?
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A company uses Bill Presentment Architecture (BPA) to send invoices electronically. The invoice print program completes successfully but customers are not receiving invoices. What should you verify first?
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During period close, the Receivables to General Ledger Reconciliation report shows a difference between the subledger and GL. What is the recommended first troubleshooting step?
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Your organization needs to automatically write off small balance invoices that are less than $5 when they become 90 days past due. What is the correct configuration approach to achieve this requirement?
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A Collections Manager wants to create a strategy that automatically escalates customers to a different collector when the overdue amount exceeds $50,000 and the account has been delinquent for more than 30 days. Which Collections feature should be configured?
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During period close, you discover that some invoices were accidentally created in the wrong accounting period. What is the recommended approach to correct this issue?
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A company receives payments via lockbox that frequently include underpayments due to customers taking unauthorized discounts. Which setup configuration will help automatically handle these discrepancies?
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Which statement correctly describes the relationship between Business Units, Reference Data Sets, and Receivables System Options in Oracle Receivables Cloud?
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A multinational company needs to apply a receipt in EUR to invoices originally created in USD. The customer account has a functional currency of GBP. What must be configured to enable this cross-currency receipt application?
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Your collections team wants to automatically send different dunning letter templates based on customer risk classification and the number of days past due. What configuration is required?
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During receipt processing, you need to identify receipts that were applied but later had the associated invoices adjusted or credited. Which Receivables report or tool would best identify these situations for review?
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A customer wants to implement automatic receipt creation from their bank statement files (BAI2 format). What is the complete process flow to achieve this?
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When setting up Transaction Types for invoices, you need to ensure that certain invoice types automatically generate accounting but others require manual accounting. Where is this behavior controlled?
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Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional 200 Practice Questions FAQs
Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional is a professional certification from Oracle that validates expertise in oracle financials cloud: receivables and collections 2025 implementation professional technologies and concepts. The official exam code is 1Z0-1056-25.
The 200 Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional question bank is our most comprehensive resource, covering every exam objective in depth. It includes scenario-based questions, case studies, and advanced problems.
The 200 Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional questions are ideal for serious candidates who want maximum preparation. If you can master this question bank, you'll be exceptionally well-prepared for the 1Z0-1056-25 exam.
While our 200 Oracle Financials Cloud: Receivables and Collections 2025 Implementation Professional questions provide excellent coverage, we recommend combining them with our study guide and hands-on practice for the best results.
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