[Feb 04, 2022] Fully Updated Oracle Financials Cloud (1Z0-1056-21) Certification Sample Questions
Latest Oracle 1Z0-1056-21 Real Exam Dumps PDF
Oracle 1Z0-1056-21 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION 88
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?
- A. by using the Customer Import Interface work area
- B. by using the correct Customer Data spreadsheet
- C. by using the correct Customer Payment Method spreadsheet
- D. by importing the correct data by using a new spreadsheet upload
Answer: C
NEW QUESTION 89
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?
- A. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
- B. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
- C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
- D. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
- E. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
- F. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
Answer: B
NEW QUESTION 90
A company's policy is always to apply customer payments to debit and credit items, starting with the oldest due date.
Which function should you include in the default Auto-cash rule?
- A. Clear the account
- B. Apply to the oldest invoice first
- C. Match payment with Invoice
- D. Clear the past due invoices grouped by payment terms
- E. Clear past due invoices
Answer: B
NEW QUESTION 91
When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?
- A. One per Customer per due date
- B. One per site per due date
- C. One per Customer
- D. One per invoice
Answer: D
NEW QUESTION 92
What is the initial status of a newly created bill receivable?
- A. Pending posting
- B. Awaiting approval
- C. New
- D. Awaiting submission
- E. Pending remittance
Answer: E
NEW QUESTION 93
Which two statements are true regarding the Promise to Pay feature in the Collections application?
- A. Mass promise to pay amounts automatically become partial payments.
- B. You can cancel a promise made in error if it is before the promise due date.
- C. Promise information is updated by scheduling the Promise Reconciliation process.
- D. You cannot cancel a promise made in error if it is before the promise due date.
Answer: A
NEW QUESTION 94
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- B. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
- C. Customer Japan can pay its own transactions.
- D. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
- E. Customer USA can pay for Customer West and its own transactions.
Answer: A,C,E
NEW QUESTION 95
What are the three setup steps required to implement the Lockbox feature? (Choose three.)
- A. Receipt Sources
- B. credit card refunds
- C. Lockbox and Lockbox Transmission Formats
- D. Receipt Classes and Receipt Methods
- E. late charges
Answer: A,C,D
NEW QUESTION 96
Identify the receivables system option that relates to customers.
- A. Automatic Site Numbering
- B. Receipt Method
- C. Reciprocal Customer
- D. Default Country
Answer: B,D
NEW QUESTION 97
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 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 <Business Unit>" data role to the employee.
- B. 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.
- C. 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 <Business Unit>" data role.
- D. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" 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
Explanation:
References:
NEW QUESTION 98
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)
- A. Pending Approval
- B. Pending Approval From Managers
- C. Approved
- D. Pending My Approval
- E. Pending My Research
Answer: D,E
NEW QUESTION 99
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?
- A. Revenue Manager
- B. Accounts Receivable Manager
- C. Accounts Receivable Specialist
- D. Billing Specialist
Answer: C
Explanation:
References:
NEW QUESTION 100
Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?
- A. Miscellaneous receipts.
- B. Receipts that are manually created.
- C. Receipts created from a lockbox and uploaded.
- D. Receipts with unapplied amounts.
- E. Receipts created in a spreadsheet and uploaded.
Answer: B,C,E
NEW QUESTION 101
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?
- A. Create a new reference data set for account addresses and assign it to the business units.
- B. Assign a COMMON reference data set to the business units, which share the account addresses.
- C. Create a separate reference data set for each business unit and assign it to each unit.
- D. Assign an enterprise reference data set to the business units, which share the account addresses.
Answer: B
Explanation:
References:
NEW QUESTION 102
Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?
- A. Set Preferred Contact Method to XML
- B. Select the Enable XML Invoicing Check Box for Relevant Transaction Classes
- C. Set Preferred Delivery Methods to Email
- D. Select the Enable OAGIS 10.1 XML Format Check Box
- E. Set Preferred Delivery Method to XML
Answer: A,B
NEW QUESTION 103
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
- A. the employees who are involved with the collections process and how the collectors will be assigned
- B. scheduled processes
- C. customer contact information
- D. system privileges
- E. user application privileges
Answer: A
Explanation:
References:
NEW QUESTION 104
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. View the Total Amount Due for delinquent customers.
- B. Verify Customer Payments.
- C. Assign a Collector to a delinquent customer.
- D. Update the work status of a work item for a delinquent customer.
- E. Record an activity to create a task or tasks to follow up on a delinquent customer.
Answer: C,D,E
NEW QUESTION 105
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
- A. transactions that have the Print Option set to Do Not Print
- B. transactions that were included in a previous Balance Forward Bill
- C. transactions that have the selected payment terms
- D. transactions have a Bill Type of Imported
Answer: C
Explanation:
References:
NEW QUESTION 106
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?
- A. the extended SSP amounts for all performance obligations in the customer contract
- B. the billing amount for all performance obligations in the customer contract
- C. the allocated amount for all performance obligations in the customer contract
- D. the SSP amounts for all performance obligations in the customer contract
- E. the selling price for all performance obligations in the customer contract
Answer: B
NEW QUESTION 107
......
Oracle 1Z0-1056-21 Dumps - Secret To Pass in First Attempt: https://www.pass4leader.com/Oracle/1Z0-1056-21-exam.html