[Dec 19, 2021] Updates Up to 365 days On Valid 1Z0-1056-21 Braindumps
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Oracle 1Z0-1056-21 Exam Syllabus Topics:
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NEW QUESTION 50
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A. Correct Funds Transfer Errors
- B. Lockbox Transmission History
- C. Create Receipt Remittance Batch
- D. Create Automatic Receipts
- E. Manage Receipt Remittance Batches
Answer: C,D,E
NEW QUESTION 51
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 Channel Revenue Management transaction type
- C. predefined Channel Revenue Management transaction source
- D. predefined Claim Investigation activity type under Receivables Activities
- E. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
Answer: C,D,E
NEW QUESTION 52
After creating Receivable Activities using the General Ledger Rapid Implementation workbook upload process, a Receivable Manager wants to review and make changes if required, to the account assignments created for these Receivable Activities.
Which two Receivable Activities do not have account assignments to review and change? (Choose two.)
- A. Unearned Discounts
- B. Adjustment Activities
- C. Miscellaneous Receipt
- D. Debit Memo Reversal
- E. Earned Discounts
Answer: B,C
NEW QUESTION 53
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
- A. Request Information
- B. Reassign
- C. Edit
- D. Approve
- E. Reject
Answer: B
NEW QUESTION 54
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
- A. New transactions after this change inherit the new billing cycle.
- B. The billing cycle does not have any impact on new transactions.
- C. Existing transactions with activity adapt the new billing cycle.
- D. Existing transactions with no activity retain the old billing cycle.
Answer: A
NEW QUESTION 55
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)
- A. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
- B. The invoice is eligible for transfer to the General Ledger.
- C. The invoice is sent for a dunning follow-up.
- D. The invoice can now be printed.
- E. Payment schedules are created using the payment terms specified.
Answer: B,D,E
NEW QUESTION 56
Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)
- A. Debit Memo
- B. Credit Memo
- C. Charge Back
- D. Deposit
- E. Guarantee
Answer: A,D,E
Explanation:
References:
NEW QUESTION 57
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 exclusion rule to exclude customer classes that are "Retail"
- 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 a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- E. by defining an item group and assigning that to the rule
Answer: B
NEW QUESTION 58
Which three attributes are displayed in the detail table of the Balance forward Bill infotile? (Choose three.)
- A. Collector
- B. Amount due on Bill
- C. Due date
- D. Past due Amount
- E. Billing date
Answer: B,C,E
NEW QUESTION 59
The Business Intelligence repository contains metadata that defines columns, which you can include in an analysis.
Which three types of columns are available when you create or edit an analysis? (Choose three.)
- A. Hierarchy
- B. Fact
- C. Sum
- D. Attribute
- E. Function
Answer: A,B,D
NEW QUESTION 60
The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.
- A. automatic receipts creation
- B. manual receipt entry
- C. Lockbox receipts creation
- D. receipts creation in a spreadsheet
Answer: D
Explanation:
References:
NEW QUESTION 61
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
- A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
- B. The strategy can be modified from the Manage Customers page.
- C. Only a Collections Administrator can modify the strategy.
- D. The Collector can modify the strategy from the Profile > Strategies tab.
Answer: A
NEW QUESTION 62
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
- A. Sites 1 and 2 activities will be included in a single bill.
- B. Sites 1 and 3 activities will be included in a single bill.
- C. Sites 2 and 3 activities will be included in a single bill.
- D. Sites 1, 2, and 3 activities will be included in a single bill.
Answer: A
NEW QUESTION 63
Which statement is true about AutoAccounting?
- A. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
- B. AutoAccounting is set up at the Legal Entity level.
- C. You cannot override the default General Ledger accounts thatAutoAccounting creates.
- D. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
Answer: D
Explanation:
References:
NEW QUESTION 64
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 on the Profile tab.
- B. Disable Send Dunning Letter in Collections Preferences.
- C. Disable Send Dunning Letter in Transaction Type.
- D. Disable Send Dunning Letter in Transaction Source Type.
- E. Disable Send Dunning Letter on the Correspondence tab.
Answer: A
Explanation:
References:
NEW QUESTION 65
You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is a Nonrevenue Allocation?
- A. sales credit allocation based on billing corrections
- B. additional incentive-based sales credits
- C. sales credit reversals due to credit memo creation
- D. sales credits associated to deferred revenue
Answer: C
NEW QUESTION 66
What is required to register an external user to Bill Management?
- A. a customer account contact with the responsibility types bill to and ship-to
- B. a customer account contact with a valid mobile number
- C. a customer account contact with a valid email address
- D. a customer account contact with a valid mailing address
Answer: A
NEW QUESTION 67
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 past due invoices grouped by payment terms
- B. Match payment with Invoice
- C. Clear the account
- D. Clear past due invoices
- E. Apply to the oldest invoice first
Answer: E
NEW QUESTION 68
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
- A. List of broken payment promises.
- B. List of delinquent customers.
- C. Summary of aged transactions.
- D. Tasks assigned to the collector such as follow-up calls.
Answer: D
NEW QUESTION 69
A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?
- A. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
- B. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
- C. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
- D. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
Answer: B
NEW QUESTION 70
Which reporting tool is primarily used by users to create ad hoc analysis from real-time Receivables data?
- A. Financial Reporting Web Studio
- B. Smart View
- C. Oracle Transaction Business Intelligence
- D. ADFdi Spreadsheets
- E. XML Publisher
Answer: C
NEW QUESTION 71
Which three receipts types can be reversed in the Cloud? (Choose three.)
- A. Receipts that are archived
- B. Miscellaneous receipts
- C. Credit card chargebacks posted to GL
- D. Receipts applied to open receipts
- E. Invoice-related receipts
Answer: B,C,E
NEW QUESTION 72
ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegian krone. For this example, the conversion rate between the krone and the euro is 6.55957. The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the accounting.
Where should you define the header-level rounding account?
- A. Receivable System Option
- B. Transaction Type
- C. Customer Account Level
- D. Customer Site Level
- E. Transaction Source
Answer: E
NEW QUESTION 73
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