Oracle Oracle Certifications 1Z0-1056-22 Questions & Answers

• Question 131:

  Which role provides access to Receivables ?Revenue Adjustments Real Time OTBI Subject area?

  A. Revenue Manager

  B. Accounts Receivable Manager

  C. Accounts Receivable Specialist

  D. BillingSpecialist

  Correct Answer: C

• Question 132:

  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. Payment schedules are created using the payment terms specified.

  B. The invoice issent for a dunning follow-up.

  C. The invoice can now be printed.

  D. The invoice is eligible for transfer to the General Ledger.

  E. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables optionset to No.

  Correct Answer: ACD

• Question 133:

  What is the impact on transactions of changing the billing cycle for a customer or group of customers?

  A. The billing cycle does not have any impact on new transactions.

  B. Existing transactions with no activity retain the old billing cycle.

  C. Existing transactions with activity adapt the new billing cycle.

  D. New transactions after this change inherit the new billing cycle.

  Correct Answer: D

• Question 134:

  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 PaymentMethod spreadsheet

  C. by using the correct Customer Data spreadsheet

  D. by importing the correct data by using a new spreadsheet upload

  Correct Answer: B

• Question 135:

  Which four output file types are available when you run the "Print Receivables Transactions" program?

  A. JPG

  B. PDF

  C. Excel

  D. HTML

  E. Word

  F. Zipped PDFs

  Correct Answer: BCDF

• Question 136:

  You need to make decisions about how an application should behave, such as date ranges and defaults.

  What should you consider before defining Collections Preferences?

  A. scheduled processes

  B. system privileges

  C. user application privileges

  D. the employees who are involved with the collections process and how the collectors will be assigned

  E. customer contact information

  Correct Answer: D

• Question 137:

  Which two statements are true regarding the Promise to Pay feature in the Collections application?

  A. Mass promise to pay amounts automatically become partial payments.

  B. You cannot cancel a promise made in error if it is before the promise duedate.

  C. Promise information is updated by scheduling the Promise Reconciliation process.

  D. You can cancel a promise made in error if it is before the promise due date.

  Correct Answer: A

• Question 138:

  Which three receipts can be automatically applied by a system? (Choose three.)

  A. receipts that are unapplied

  B. receipts created in a spreadsheet and uploaded

  C. miscellaneous receipts

  D. receipts that are manually created

  E. receipts created in a lockbox and uploaded

  Correct Answer: CDE

• Question 139:

  If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choosetwo.)

  A. On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations

  B. Unapplied, if the Customer Account Number or MICR number is provided

  C. Unidentified, if the Customer Account Number or MICR is notprovided and there are no successful matching recommendations

  D. Applied, if the Customer Account Number or MICR number is provided

  Correct Answer: BC

  Reference: https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F569972AN6AE15.htm

• Question 140:

  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: B