Free Oracle 1Z0-1056-25 Exam Questions

Become Oracle Certified with updated 1Z0-1056-25 exam questions and correct answers

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Total 180 Questions | Updated On: Jan 29, 2026

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Question 1

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.

A : Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

B : The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

C : Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

D : The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

E : Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

F : The customer does not have the default strategy and default collector assigned at the customer account and site level.

Answer: B,C

Question 2

Your customer wants to override the calculated tax line amount for their receivable transaction.

What steps should the customer perform to ensure that only one of their employees has this privilege?

A : Enable 'Allow override of calculated tax lines' within the tax configuration owner options for the receivable invoice event and grant the employee the 'Tax Manager ' data role

B : Enable the 'Allow tax rate override' and 'Allow manual tax lines' profiles at the user level, set, the value to Yes for the selected employee, and grant the 'Tax Manager ' data role to the employee.

C : Enable 'Allow override of calculated tax lines' within the tax configuration owner options for the receivable invoice event and set the 'Transaction Tax Line Override' profile option to Yes for the selected employee.

D : Set the 'Transaction Tax Line Override' profile option to Yes for the selected employee and assign the employee the 'Tax Manager ' data role

E : Enable 'Allow override of calculated tax lines' within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee

Answer: D

Question 3

Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

A : Verify Customer Payments.

B : Assign a Collector to a delinquent customer.

C : View the Total Amount Due for delinquent customers.

D : Record an activity to create a task or tasks to follow up on a delinquent customer

E : Update the work status of a work item for a delinquent customer.

Answer: A,B,D

Question 4

To determine the best approach to converting a client's data, you must know which setups are Reference: Data Set enabled and can be shared.

Which three are Reference: Data Set enabled setups in Receivables? (Choose three.)

A : Revenue Contingencies

B : Receivables Activities

C : Customer Account Sites

D : Standard Memo Lines

E : Revenue Transactions

Answer: A,D

Question 5

When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?

A : First Review Date

B : Credit Review Cycle

C : Order line Credit Limit

D : Credit Limit

Answer: A,B

Page: 1 / 36

Total 180 Questions | Updated On: Jan 29, 2026

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