Oracle Oracle Certifications 1Z0-1056-21 Questions & Answers

• Question 71:

  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 SSP amounts for all performance obligations in the customer contract

  C. the selling price for all performance obligations in the customer contract

  D. the allocated amount for all performance obligations in the customer contract

  E. the billing amount for all performance obligations in the customer contract

  Correct Answer: E

• Question 72:

  Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

  A. Import Payables Invoices Duty

  B. Receipt Creation Duty

  C. Trading Community Hierarchy Management Duty

  D. Payment Settlement Management Duty

  Correct Answer: AD

• Question 73:

  What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

  A. creating write-offs for specific currencies and customers

  B. limiting write-offs by a percentage of the original receipt amount

  C. scheduling periodic write-offs as receipt adjustments for small remaining balances

  D. scheduling periodic write-offs as receipt adjustments for old remaining balances

  E. scheduling periodic write-offs to occur in future periods

  Correct Answer: ABC

• Question 74:

  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 adjustment for the entire amount and create a negative adjustment for Customer B.

  B. Create an on-account credit memo for $100 USD for the invoice 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. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.

  Correct Answer: A

• Question 75:

  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 in Transaction Source Type.

  B. Disable Send Dunning Letter on the Correspondence tab.

  C. Disable Send Dunning Letter in Collections Preferences.

  D. Disable Send Dunning Letter on the Profile tab.

  E. Disable Send Dunning Letter in Transaction Type.

  Correct Answer: D

• Question 76:

  The process of remitting receipts to a bank results in fund transfer errors. Identify three corrective actions to resolve this. (Choose three.)

  A. receipt reversal

  B. clearing payment information

  C. credit reversal

  D. debit memo reversal

  E. change of instrument

  Correct Answer: ABE

• Question 77:

  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 Approval From Managers

  C. Pending Approval

  D. Pending My Approval

  E. Approved

  Correct Answer: AD

• Question 78:

  Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.

  A. The invoice is not closed.

  B. The transaction is partially paid.

  C. The transaction type is not associated with a credit memo type.

  D. The transaction date falls in a closed period.

  E. The transaction is an invoice.

  Correct Answer: C

• Question 79:

  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 "Quantity"

  E. by setting SM to "Requires Complete" and SMM to "Percent"

  Correct Answer: CE

• Question 80:

  Where is the summary delinquency data displayed on the Collections Dashboard?

  A. Activity tab

  B. Correspondence tab

  C. Profile tab

  D. Aging tab

  Correct Answer: C