2023 Latest 1z0-1056-22 DUMPS Q&As with Explanations Verified & Correct Answers
1z0-1056-22 dumps Exam Material with 156 Questions
NEW QUESTION 74
Which minimum Customer setup is required to create a receivables transaction?
- A. one customer account and one customer site with a ship-to site business purpose
- B. one customer account with two sites: one with a bill-to business purpose and the other with a ship-to business purpose
- C. one customer account without any customer site
- D. one customer account and one customer site with a bill-to site business purpose
Answer: D
NEW QUESTION 75
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 two tools should you use to create this analysis? (Choose two.)
- A. Answers
- B. Visual Builder add on to Excel
- C. Report Builder
- D. BI Composer
Answer: B,C
NEW QUESTION 76
Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?
- A. 40: 50: 5: 5
- B. 38.34 : 48.34 : 8.32 : 5
- C. 35: 45 : 5: 5
- D. 38: 47.5: 9.5: 5
Answer: A
NEW QUESTION 77
Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)
- A. Credit Memo
- B. Debit Memo
- C. Charge Back
- D. Deposit
- E. Guarantee
Answer: B,D,E
NEW QUESTION 78
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A. Create Receipt Remittance Batch
- B. Manage Receipt Remittance Batches
- C. Correct Funds Transfer Errors
- D. Create Automatic Receipts
- E. Lockbox Transmission History
Answer: A,B,D
NEW QUESTION 79
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 Claim Investigation activity type under Receivables Activities
- B. predefined Channel Revenue Management transaction type
- C. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
- D. predefined Channel Revenue Management transaction source
- E. predefined Channel Revenue Management auto accounting type
Answer: A,C,D
NEW QUESTION 80
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. by factoring
- B. by Conformation
- C. Directly
- D. by Automatic Clearing
- E. by matching
Answer: D,E
NEW QUESTION 81
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 allocated amount for all performance obligations in the customer contract
- B. the selling price for all performance obligations in the customer contract
- C. the extended SSP amounts for all performance obligations in the customer contract
- D. the SSP amounts for all performance obligations in the customer contract
- E. the billing amount for all performance obligations in the customer contract
Answer: E
NEW QUESTION 82
A Billing Specialist has created and completed an invoice for $100 USD for Customer A.
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 on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
- B. Navigate to the credit transaction link in the Billing work area, credit the entire amount, 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. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
Answer: A
NEW QUESTION 83
If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?
- A. Delete the source data that was imported into Revenue Management and import new source data.
- B. Delete Contracts from the Manage Customer Contracts UI.
- C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
- E. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.
Answer: E
NEW QUESTION 84
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
- A. scheduling periodic write-offs as receipt adjustments for small remaining balances
- B. scheduling periodic write-offs to occur in future periods
- C. scheduling periodic write-offs as receipt adjustments for old remaining balances
- D. limiting write-offs by a percentage of the original receipt amount
- E. creating write-offs for specific currencies and customers
Answer: A,D,E
NEW QUESTION 85
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- B. You can refund receipts that are factored.
- C. You can issue a credit card refund to a customer who has made a cash payment.
- D. You can refund receipts that were either remitted or cleared.
Answer: A,D
NEW QUESTION 86
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
- A. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
- B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
- C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
- D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
- E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
Answer: D,E
Explanation:
For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications.
NEW QUESTION 87
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 displayed as 0 and Miscellaneous receipt is created with 2500.
- B. Invoice balance is displayed as 0.
- C. Invoice balance is played as 0 and On account receipt is created with 2500.
- D. Invoice balance is displayed as -2500.
Answer: D
NEW QUESTION 88
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)
- A. Receipt Class
- B. Customer Site
- C. System Options
- D. Customer Account
- E. Receipt Method
Answer: B,D,E
Explanation:
If transactions cannot be matched or transaction information is not available, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.
NEW QUESTION 89
Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?
- A. Miscellaneous receipts.
- B. Receipts created from a lockbox and uploaded.
- C. Receipts created in a spreadsheet and uploaded.
- D. Receipts that are manually created.
- E. Receipts with unapplied amounts.
Answer: B,C,D
NEW QUESTION 90
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?
- A. Apply, reverse, or process the receipt.
- B. Create an open debit memo.
- C. Search for the information in the Review Customer Account Details user interface.
- D. Search for open invoices on the Manage Transaction search page.
Answer: C
NEW QUESTION 91
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