Get Access to All Our Exams
- 3k+ exams
- Download PDF
- Real Exam Simulation
- Home
- All Exams
- Oracle Exams
- 1z0-1056-21: Oracle Financials Cloud: Receivables 2021 Implementation Essentials
Free 1z0-1056-21: Oracle Financials Cloud: Receivables 2021 Implementation Essentials Exam Questions and Answers
Last updated: April 21, 2025
Examtopics 1z0-1056-21: Oracle Financials Cloud: Receivables 2021 Implementation Essentials Prepaway Real Exam Questions and dumps free download
Click on “Take Real Test” Button to take the exam simuation test and be familiar with the real exam environment.
241-1z0-1056-21: Oracle Financials Cloud: Receivables 2021 Implementation Essentials
#Question
150. How can customer segmentation improve the success of collections?
A.
By increasing risks
B.
By complicating the process
C.
By enabling targeted strategies
D.
By confusing customers
Correct Answer:
C
Customer segmentation enables targeted collection strategies that are more effective, improving the chances of successful collections.
#Question
149. What should be a priority once an invoice is issued?
A.
Changing prices
B.
Tracking collections
C.
Ignoring follow-ups
D.
Adjusting payment terms
Correct Answer:
B
Tracking collections should be the priority once an invoice is issued to ensure timely follow-up and payment.
#Question
148. Why is maintaining flexibility in payment options beneficial?
A.
It makes accounting difficult
B.
It fosters customer loyalty
C.
It limits choices
D.
It confuses customers
Correct Answer:
B
Maintaining flexibility in payment options fosters customer loyalty, encouraging timely payments and customer satisfaction.
#Question
147. How can receivables financing improve cash flow?
A.
By complicating processes
B.
By delaying invoices
C.
By offering quicker access to funds
D.
By increasing interest
Correct Answer:
C
Receivables financing allows businesses to access cash more quickly by securing funding against their receivables.
#Question
146. What is the purpose of a monthly review of receivables?
A.
To terminate accounts
B.
To assess cash needs
C.
To confuse clients
D.
To increase workload
Correct Answer:
B
A monthly review of receivables helps assess cash needs and provides insights into potential issues before they escalate.
#Question
145. How can ongoing staff training improve accounts receivable processes?
A.
By increasing errors
B.
By complicating workflows
C.
By reducing efficiency
D.
By enhancing skills
Correct Answer:
D
Ongoing staff training enhances skills and knowledge that can improve efficiency and effectiveness in accounts receivable processes.
#Question
144. What should be the focus of a healthy receivables management strategy?
A.
Customer relationships
B.
Increasing workload
C.
Limiting connections
D.
Writing off debts
Correct Answer:
A
A healthy receivables management strategy should focus on strengthening customer relationships to facilitate timely payments.
241-1z0-1056-21: Oracle Financials Cloud: Receivables 2021 Implementation Essentials
Reviews
This platform is a lifesaver. The practice questions and explanations are so detailed. It’s the best study tool I’ve ever used.
I highly recommend Exam Practice. The feedback after each test helped me improve significantly, and I passed my exams easily.
Exam Practice is worth every penny. The mock exams are realistic, and the feedback helped me focus on key areas.
FAQ
Q1: What are Oracle Certification Exams? A: Oracle Certification Exams validate your expertise in using and managing Oracle’s vast array of software and hardware solutions, including databases, cloud infrastructure, enterprise applications, and more. These certifications demonstrate your proficiency in deploying, configuring, and optimizing Oracle technologies to meet business needs.
Q2: Why should I pursue Oracle Certification? A: Oracle Certification enhances your professional credibility, showcasing your skills and knowledge in Oracle technologies. This can lead to better job opportunities, higher salaries, and career advancement in IT, database management, cloud computing, and enterprise application roles.
Q3: What are the benefits of Oracle Certification? A: Benefits include recognition as a certified Oracle professional, improved job performance, access to exclusive resources, continuing education opportunities, and staying current with the latest Oracle technologies and best practices.
Q4: Who should take Oracle Certification Exams? A: IT professionals, database administrators, developers, system administrators, and anyone involved in managing and implementing Oracle solutions should consider these certifications to validate their expertise and advance their careers.
Q5: What types of Oracle Certification Exams are available? A: Oracle offers various certification paths, including:
- Oracle Certified Associate (OCA): For foundational knowledge in Oracle technologies.
- Oracle Certified Professional (OCP): For advanced skills and expertise.
- Oracle Certified Master (OCM): For comprehensive and in-depth expertise.
- Oracle Certified Specialist (OCS): For specialized knowledge in specific Oracle products.
- Oracle Certified Expert (OCE): For advanced skills in niche areas.
These certifications cover a range of areas such as Oracle Database, Oracle Cloud, Oracle Java, Oracle Applications, Oracle Enterprise Manager, and more.
Q6: How do I prepare for Oracle Certification Exams? A: Preparation can include official Oracle University training courses, study guides, practice exams, online tutorials, and hands-on experience with Oracle products and solutions.
Q7: Where can I take Oracle Certification Exams? A: Oracle Certification Exams can be taken online with remote proctoring or at authorized Pearson VUE testing centers worldwide, providing flexibility to fit your schedule and location.
Q8: How do Oracle Certifications impact my career? A: Oracle Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in IT, database management, cloud computing, and enterprise applications.
Q9: Are there any prerequisites for Oracle Certification Exams? A: Some exams may have prerequisites, such as foundational knowledge or prior experience with Oracle products. Check the specific requirements for each certification path on the Oracle certification website.
Q10: How often do I need to recertify for Oracle Certifications? A: Recertification requirements vary by certification. Some Oracle certifications do not require recertification, while others, especially those related to cloud technologies, may require periodic updates to ensure professionals stay current with the latest advancements.
Why get certified?
Certifications can lead to high earnings without extensive years of study, but why choose ExamPractice for your preparation? At ExamPractice, we emphasize efficiency. The vastness of the IT industry and the extensive information required for certification can be overwhelming. Some certification providers even offer introductory courses to help candidates navigate their options. Sorting through material can be time-consuming and often irrelevant to exam or job requirements. Many test prep websites fall short, presenting issues like CAPTCHA barriers, subscription fees, outdated materials, and recurring costs.
Why Choose ExamPractice?
Exampractice is highly affordable compared to other websites that charge more and give you less.
ExamPractice stands out due to our commitment to the tech community. We are passionate about technology, certification, and aiding others in their journey. Our platform is entirely free, with no hidden costs. We foster a community of experts and enthusiasts who collaborate to build something remarkable. Whether you need help with challenging topics or want to guide new tech enthusiasts, you contribute to our vibrant community. ExamPractice is user-friendly, searchable, and consistently updated.
Quality and Community
Despite being community-driven, ExamPractice doesn’t compromise on quality. Our exams are meticulously updated, and our expert community ensures the accuracy and relevance of our materials. Our practice exams mirror real-world tests, and our study guides—known as “braindumps” in the industry—are so effective that competitors often replicate them. We believe in the superiority of our resources, which remain completely free of charge.
Experience ExamPractice
If you’re hesitant about using ExamPractice, we encourage you to explore our popular exams. Observe our dedication to making ExamPractice the premier test prep resource and community. Read user comments, engage with others, and dive in. We are confident in ExamPractice’s quality and are committed to supporting you in achieving your certification goals.
ExamPractice is better than examtopics and prepaway. We are your go-to resource for free, high-quality certification test preparation materials and dumps. Join our community, access top-notch materials, and take a significant step towards your dream career today!