Free Oracle 1Z0-1056-26 Exam Questions

Become Oracle Certified with updated 1Z0-1056-26 exam questions and correct answers

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Total 180 Questions | Updated On: Oct 25, 2026

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Question 1

Your Cloud client has decided to use Channel Revenue Management Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services.Which three setup steps are predefined for this feature? (Choose three.)

A : predefined Channel Revenue Management auto accounting type

B : predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation

C : predefined Channel Revenue Management transaction type

D : predefined Channel Revenue Management transaction source

E : predefined Claim Investigation activity type under Receivables Activities

Answer: A,B,D

Question 2

What is the impact on transactions of changing the billing cycle for a customer or group of customers?

A : The billing cycle does not have any impact on new transactions.

B : Existing transactions with no activity retain the old billing cycle.

C : Existing transactions with activity adapt the new billing cycle.

D : New transactions after this change inherit the new billing cycle.

Answer: D

Question 3

Which statement is true about Balance Forward Billing?

A : Balance Forward Bills must be enabled at each bill-to-site level.

B : Balance Forward Bills can be created for a future date.

C : Transactions included on a Balance Forward Bill can be updated.

D : The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle

Answer: A

Question 4

While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, younotice that it is only displaying balance forward Mis raised in the last month.How can you increase the number of months to view past balance forward bills?

A : Add the number of months as a value for the BILL.MANAGEMENT lookup code

B : Use Bill Management System Options

C : Use the threshold view of Balance Forward Bill Infotile

D : Use Receivables System Options

Answer: B

Question 5

A Billing Specialist has created and completed an invoice for $100 USD for Customer The Specialist prints the invoice and realizes that the invoice should have been created for Customer B. The accounting for the transaction for Customer A is posted to the General Ledger.How can this be corrected?

A : Create an adjustment for the entire amount and create a negative adjustment for Customer B.

B : Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.

C : Change the status of the invoice to Incomplete and enter a new invoice for Customer B.

D : Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.

Answer: B

Page: 1 / 36

Total 180 Questions | Updated On: Oct 25, 2026

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