Free Oracle Financials Cloud 1Z0-1056-21 Ultimate Study Guide (Updated 156 Questions)
Get to the Top with 1Z0-1056-21 Practice Exam Questions
NEW QUESTION 60
To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)
- A. Standard Memo Lines
- B. Revenue Types
- C. Revenue Contingencies
- D. Collectors
- E. Receivable Specialists
Answer: A,B,C
NEW QUESTION 61
Which two items are required for customer invoicing? (Choose two.)
- A. Customers
- B. Remit-to-address
- C. Lockbox
- D. Customer Profile Class
Answer: C,D
NEW QUESTION 62
Which two statements are true about processing Receivables adjustments that impact tax amounts?
- A. Receivables can look at System Options and retrieve the tax rate code.
- B. Receivables can look at the adjustment activity and retrieve the tax rate code.
- C. Receivables can look at invoice and retrieve the tax rate code.
- D. There is no need to retrieve the tax rate code.
Answer: A,C
NEW QUESTION 63
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 after the maturity date, the status of the bills receivable is updated to Unpaid.
- B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
- C. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
- D. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
- E. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
Answer: C,D
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.
References:
NEW QUESTION 64
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?
- A. Description Rule
- B. Transaction References
- C. Supporting References
- D. Mapping Set
Answer: C
Explanation:
References:
NEW QUESTION 65
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 66
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 not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
- B. If you have printed a transaction, the View Print button will not display a preview of the print.
- C. 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.
- D. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
- E. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
Answer: A,C,E
NEW QUESTION 67
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Correspondence tab
- B. Activity tab
- C. Aging tab
- D. Profile tab
Answer: D
Explanation:
References:
NEW QUESTION 68
Which predefined dunning letter template is available in the Collections application
- A. Soft, Medium, Hard, Final
- B. Regular, Medium, Hard, Difficult
- C. Regular, Medium, Hard, Easy
- D. Soft, Regular, Medium, Hard
Answer: A
NEW QUESTION 69
Identify the dunning letter template set provided by an application.
- A. Regular, Final Demand, Medium
- B. Final Demand, Soft, Medium
- C. Soft, Regular, Hard
- D. Regular, Medium, Hard
Answer: B
NEW QUESTION 70
You are configuring tax for Receivables to cash transactions.
Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)
- A. Ship-to party
- B. Ship-from party
- C. Point of acceptance party
- D. Point of origin party
- E. Bill-to party
Answer: B,D
NEW QUESTION 71
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
- A. Import Payables Invoices Duty
- B. Receipt Creation Duty
- C. Payment Settlement Management Duty
- D. Trading Community Hierarchy Management Duty
Answer: A,C
Explanation:
References:
NEW QUESTION 72
When importing Receivable transactions into Fusion Receivables, the Autoinvoice log gives the error message "Error: Item validation org not set up for the BU." What action should you take to solve the issue?
- A. Validate the Item validation organization in inventory Org.
- B. Set up Item validation organization in Inventory Org.
- C. Set up Item validation organization in Receivables System Options.
- D. Set up Item validation organization in Inventory Item.
Answer: C
NEW QUESTION 73
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 74
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?
- A. Intercompany invoicing must be enabled in Payables Invoice Options.
- B. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
- C. Intercompany invoicing must be enabled in Receivables System Options.
- D. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
Answer: B
NEW QUESTION 75
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
- A. Existing transactions with activity adapt the new billing cycle.
- B. New transactions after this change inherit the new billing cycle.
- C. The billing cycle does not have any impact on new transactions.
- D. Existing transactions with no activity retain the old billing cycle.
Answer: B
NEW QUESTION 76
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. Report Builder
- B. BI Composer
- C. Answers
- D. Visual Builder add on to Excel
Answer: A,D
NEW QUESTION 77
......
Pass Oracle 1Z0-1056-21 exam - questions - convert Tets Engine to PDF: https://testking.exams-boost.com/1Z0-1056-21-valid-materials.html