1Z0-1056-21 PDF Dumps | Nov 27, 2021 Recently Updated Questions
1Z0-1056-21 Exam Questions – Valid 1Z0-1056-21 Dumps Pdf
NEW QUESTION 49
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
- A. Forwarded for Approval
- B. Pending Research
- C. Approval Required
- D. Pending Approval
Answer: D
Explanation:
References:
NEW QUESTION 50
What is the initial status of a newly created bill receivable?
- A. Pending remittance
- B. Awaiting submission
- C. Awaiting approval
- D. Pending posting
- E. New
Answer: A
NEW QUESTION 51
As an implementer, while importing data from the legacy/third-party system, you forgot to populate the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table.
What happens when you run accounting?
- A. Invoice will be created and the system will use auto accounting configuration to create accounting.
- B. It will return an error and the data will be stuck in the interface table.
- C. Neither invoice nor accounting will be created.
- D. Invoice will get created but accounting won't be created.
Answer: A
NEW QUESTION 52
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. by defining an item group and assigning that to the rule
- B. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- C. by defining a grouping rule on the customer class
- D. by defining an exclusion rule to exclude customer classes that are "Retail"
- E. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
Answer: B
NEW QUESTION 53
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
- A. Query each customer refund and verify the Refund Status.
- B. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
- C. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
- D. Create an Oracle Business Intelligence Applications (OBIA) Report.
Answer: C
NEW QUESTION 54
You entered an invoice of $12500 in the receivable and created a receipt with the amount $15000 received from the customer.
How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?
- A. Invoice balance is played as 0 and On account receipt is created with 2500.
- B. Invoice balance is displayed as 0.
- C. Invoice balance is displayed as -2500.
- D. Invoice balance is displayed as 0 and Miscellaneous receipt is created with 2500.
Answer: C
NEW QUESTION 55
There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?
- A. Disable Send Dunning Letter in Transaction Source Type.
- B. Disable Send Dunning Letter on the Correspondence tab.
- C. Disable Send Dunning Letter on the Profile tab.
- D. Disable Send Dunning Letter in Transaction Type.
- E. Disable Send Dunning Letter in Collections Preferences.
Answer: C
Explanation:
References:
NEW QUESTION 56
The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.
To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: A
NEW QUESTION 57
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. miscellaneous receipt
- B. quick cash receipt
- C. AutoLockbox receipt
- D. manual receipt
- E. automatic receipt
Answer: E
Explanation:
References:
NEW QUESTION 58
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work are a. The import process, however, returns errors. Identify two reasons for the import failure.
- A. an inactive Mapping Set
- B. an inactive Accounting Method
- C. an inactive Journal Line Type
- D. an inactive Journal Entry Rule Set
Answer: A
NEW QUESTION 59
Which four output file types are available when you run the "Print Receivables Transactions" program?
- A. JPG
- B. PDF
- C. Word
- D. HTML
- E. Excel
- F. Zipped PDFs
Answer: B,D,E,F
NEW QUESTION 60
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: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
- B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization 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: "Receivables"/Task: "Manage Business Unit Set Assignment"
Answer: D
NEW QUESTION 61
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
- A. If you have printed a transaction, the View Print button will not display a preview of the print.
- B. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
- C. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
- D. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
- E. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
Answer: B,C,D
NEW QUESTION 62
You are defining a new receipt class to process manual customer payments and plan to use reconciliation accounting in Cash Management.
Which two clearance methods enable you to match and clear transactions in Cash Management? (Choose two.)
- A. Directly
- B. by Conformation
- C. by Automatic Clearing
- D. by matching
- E. by factoring
Answer: C,D
NEW QUESTION 63
You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?
- A. Dashboard Builder
- B. BI Answers
- C. BI Publisher
- D. BI Composer
Answer: C
NEW QUESTION 64
What are the two places where Receivables can look for the "Match Receipts By" setting when applying manual customer receipts? (Choose two.)
- A. Customer
- B. Profile option
- C. Receipt Method
- D. AutoMatch Rule
- E. System Options
Answer: C,E
NEW QUESTION 65
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)
- A. drilldown to see reconciliation details and to make reconciling corrections
- B. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
- C. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
- D. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
- E. drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
Answer: C,D,E
Explanation:
References:
NEW QUESTION 66
When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations?
(Choose three.)
- A. Liability- Unearned revenue
- B. Revenue- Revenue
- C. Liability-Accounts Payable
- D. Owner's equity
- E. Asset - Remitted Receipts
Answer: C,D,E
NEW QUESTION 67
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Two Step Allocation Method
- B. Inverted Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: A
Explanation:
References:
NEW QUESTION 68
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