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

• Question 61:

  There are a few customers that you donot 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 CollectionsPreferences.

  D. Disable Send Dunning Letter on the Profile tab.

  E. Disable Send Dunning Letter in Transaction Type.

  Correct Answer: D

• Question 62:

  After creating Receivable Activities using the General Ledger Rapid Implementation workbook upload process, a Receivable Manager wants to review and make changes if required, to the account assignments created for these Receivable Activities.

  Which two Receivable Activities do not have account assignments to review and change? (Choose two.)

  A. Unearned Discounts

  B. Earned Discounts

  C. Debit Memo Reversal

  D. Miscellaneous Receipt

  E. Adjustment Activities

  Correct Answer: DE

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/define-common-accounts-receivable-configuration.html#FAIRP239561

• Question 63:

  The Business Intelligence repository contains metadata that defines columns, which you caninclude in an analysis.

  Which three types of columns are available when you create or edit an analysis? (Choose three.)

  A. Hierarchy

  B. Function

  C. Fact

  D. Attribute E. Sum

  Correct Answer: ACD

  Reference: https://docs.oracle.com/en/cloud/saas/human-resources/21c/fahca/subject-areas.html#FAHCA1351927

• Question 64:

  Which three transaction types are used to generate late charges? (Choose three.)

  A. CashReceipts

  B. Adjustments against the original transaction

  C. Credit Memo

  D. Debit Memo

  E. Interest Invoice

  Correct Answer: BCE

  Referencehttps://docs.oracle.com/cloud/latest/financialscs_gs/FAIRP/FAIRP1476421.htm

• Question 65:

  Your client performs many customer refunds and would like to search forreal-time Receivables Refunds Status easily.

  What should you do to meet this requirement?

  A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.

  B. Create an Oracle Business Intelligence Applications (OBIA) Report.

  C. Query each customer refund and verify the Refund Status.

  D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).

  Correct Answer: D

• Question 66:

  Which three actions can be performed in the Collections Work Area,which will have an impact on the collection process?

  A. Processing a payment promise in the Transactions Tab.

  B. Creating a credit memo in the Transactions Tab.

  C. Changing the collector in the Profile Tab.

  D. Applying a customer payment in the Aging Tab.

  E. Adding new customer contacts in the Contacts tab.

  Correct Answer: ACE

• Question 67:

  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 68:

  An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.

  Explain how revenue accounting will occur.

  A. Earned revenue will be debited for $50 USD.

  B. Unearned revenue willbe credited for $100 USD.

  C. Earned revenue will be credited for $50 USD.

  D. Unearned revenue will be debited for $50 USD.

  Correct Answer: C

• Question 69:

  Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (OpenApplications Group Integration Specification) 10.1 format?

  A. Select the Enable OAGIS 10.1 XML Format Check Box

  B. Set Preferred Delivery Method to XML

  C. Set Preferred Delivery Methods to Email

  D. Set Preferred Contact Method to XML

  E. Select the EnableXML Invoicing Check Box for Relevant Transaction Classes

  Correct Answer: DE

• Question 70:

  You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type.

  From which three tables can the segment value be defaulted? (Choose three.)

  A. Taxes

  B. Ship to site

  C. Standard Lines

  D. Transaction Types

  E. Salesperson

  Correct Answer: ACE

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/define-customer-billing-configuration.html#FAIRP276998