[2021] 1Z0-1056-20 PDF Questions - Perfect Prospect To Go With PrepAwayPDF Practice Exam
Oracle 1Z0-1056-20 Pdf Questions - Outstanding Practice To your Exam
NEW QUESTION 48
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?
- A. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
- B. You can select only a Closed accounting period.
- C. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
- D. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
Answer: A
NEW QUESTION 49
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 Correspondence tab.
- B. Disable Send Dunning Letter in Transaction Type.
- C. Disable Send Dunning Letter on the Profile tab.
- D. Disable Send Dunning Letter in Collections Preferences.
- E. Disable Send Dunning Letter in Transaction Source Type.
Answer: C
NEW QUESTION 50
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
- A. removes the pending sales credits
- B. removes the invoice line revenue contingencies
- C. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
- D. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
Answer: B
NEW QUESTION 51
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. 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 printed a transaction, the View Print button will not display a preview of the print.
- E. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
Answer: A,B,C
NEW QUESTION 52
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. Existing transactions with no activity retain the old billing cycle.
- D. The billing cycle does not have any impact on new transactions.
Answer: B
NEW QUESTION 53
Which predefined dunning letter template is available in the Collections application
- A. Regular, Medium, Hard, Easy
- B. Soft, Regular, Medium, Hard
- C. Regular, Medium, Hard, Difficult
- D. Soft, Medium, Hard, Final
Answer: D
NEW QUESTION 54
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. BI Publisher
- B. BI Composer
- C. BI Answers
- D. Dashboard Builder
Answer: A
NEW QUESTION 55
What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)
- A. Customer
- B. AutoMatch Rule
- C. System Options
- D. Receipt Method
Answer: A,C
NEW QUESTION 56
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 selling price for all performance obligations in the customer contract
- B. the SSP amounts for all performance obligations in the customer contract
- C. the extended SSP amounts for all performance obligations in the customer contract
- D. the billing amount for all performance obligations in the customer contract
- E. the allocated amount for all performance obligations in the customer contract
Answer: D
NEW QUESTION 57
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 My Research
- B. Pending My Approval
- C. Approved
- D. Pending Approval
- E. Pending Approval From Managers
Answer: A,B
NEW QUESTION 58
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. Update the work status of a work item for a delinquent customer.
- B. Verify Customer Payments.
- C. Record an activity to create a task or tasks to follow up on a delinquent customer.
- D. Assign a Collector to a delinquent customer.
- E. View the Total Amount Due for delinquent customers.
Answer: A,C,D
NEW QUESTION 59
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 Accounting Method
- B. an inactive Journal Entry Rule Set
- C. an inactive Journal Line Type
- D. an inactive Mapping Set
Answer: D
NEW QUESTION 60
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.
- A. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
- B. Business unit is not a required option on the Parameters tab to run the delinquency process.
- C. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
- D. Click the Settings button to apply appropriate settings so that the business unit appears in the drop- down menu.
Answer: A
NEW QUESTION 61
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
- A. Customer Name, Customer Billing Address, Customer Bank Account
- B. Customer Number, Customer Account Number, Customer Site Number
- C. Customer Name, Customer Account Number, Customer Site Number
- D. Customer Number, Customer Billing Address, Customer Bank Account
Answer: B
NEW QUESTION 62
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
- A. Trading Community Hierarchy Management Duty
- B. Receipt Creation Duty
- C. Payment Settlement Management Duty
- D. Import Payables Invoices Duty
Answer: C,D
NEW QUESTION 63
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 None and Contingency Primary Removal Event as Payment.
- B. 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.
- C. 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.
- D. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
Answer: A
NEW QUESTION 64
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. The Collector can modify the strategy from the Profile > Strategies tab.
- D. Only a Collections Administrator can modify the strategy.
Answer: A
NEW QUESTION 65
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Activity tab
- B. Profile tab
- C. Correspondence tab
- D. Aging tab
Answer: B
NEW QUESTION 66
Which three benefits do intercompany reconciliation reports provide to an accountant?
- A. Displaying clearing company balancing lines.
- B. Displaying intercompany receivables and payables balancing lines.
- C. Comparing receivables and payables account balances and identifying discrepancies.
- D. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
Answer: B,C,D
NEW QUESTION 67
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)
- A. by setting SM to "Requires Complete" and SMM to "Period"
- B. by setting SM to "Allow Partial" and SMM to "Percent"
- C. by setting SM to "Allow Partial" and SMM to "Period"
- D. by setting SM to "Requires Complete" and SMM to "Percent"
- E. by setting SM to "Requires Complete" and SMM to "Quantity"
Answer: C,D
NEW QUESTION 68
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?
- A. Modify the Invoice Print Layout Bill Presentment Template.
- B. Extend the "Print Receivables Transactions" program.
- C. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
- D. Use Web Services to integrate with an external system that can handle this requirement.
Answer: D
NEW QUESTION 69
Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?
- A. Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
- B. Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
- C. Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
- D. Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.
Answer: D
NEW QUESTION 70
Which two statements are true about Accounting for Tax on Receivables? (Choose two.)
- A. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
- B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
- C. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.
- D. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
- E. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.
- F. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
Answer: B,C
NEW QUESTION 71
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?
- A. Revenue Manager
- B. Billing Specialist
- C. Accounts Receivable Specialist
- D. Accounts Receivable Manager
Answer: C
NEW QUESTION 72
After a customer bankruptcy is approved, what happens in the Collections application?
- A. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
- B. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
- C. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
- D. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
Answer: B
NEW QUESTION 73
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