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

• Question 81:

  Your customer wants to override the calculated tax line amount for their receivable transaction.

  What steps should the customer perform to ensure that only one of their employees has this privilege?

  A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager " data role.

  B. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager " data role to the employee.

  C. Enable "Allow override of calculated tax lines" within the tax configuration owner options forthe receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.

  D. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager " data role.

  E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

  Correct Answer: D

• Question 82:

  Which statement is true when you create an Implementation Project forOracle Financials Cloud?

  A. The Implementation Project is preconfigured and cannot be deleted or changed.

  B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.

  C. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

  D. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.

  E. You needto make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

  Correct Answer: E

• Question 83:

  In whatthree ways will changing customer information impact the collection process? (Choose three.)

  A. Changing information on the Profile tab does not have an impact on the level at which collections are done.

  B. Adding or modifying customer contact name on theContacts tab impacts where the correspondence is sent.

  C. Making changes on the Profile tab impacts the collection process.

  D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.

  E. Changing the Collector impacts the individual working with the delinquent customer.

  Correct Answer: BCE

• Question 84:

  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. Collectors

  B. Standard Memo Lines

  C. Revenue Types

  D. Receivable Specialists

  E. Revenue Contingencies

  Correct Answer: BCE

• Question 85:

  The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.

  To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

  B. 1012

  C. 65535

  D. 1

  E. 1024

  Correct Answer: E

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/implementing-receivables-credit-to-cash.pdf (51)

• Question 86:

  When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

  A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities

  B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities

  C. automatically by using the Adjustment Reversal and Chargeback Reversal activities

  D. manually by using Chargeback Reversal activities

  E. manually by usingAdjustment Reversal activities

  Correct Answer: C

  When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.

• Question 87:

  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 88:

  Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

  A. Average

  B. Flat Rate

  C. Declining Balance

  D. Simple

  E. Compound

  Correct Answer: BDE

• Question 89:

  You are trying to migrate the Subledger Accounting setup by using the Export and Importfunctionality in the Setup and Maintenance work area. The import process, however, returns errors. Identify two reasons for the import failure.

  A. an inactive Journal Line Type

  B. an inactive Accounting Method

  C. an inactive Mapping Set

  D. an inactive Journal Entry Rule Set

  Correct Answer: C

• Question 90:

  Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?

  A. Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield

  B. Line-level transaction flexfield, Header-level transaction flexfield

  C. Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield

  D. Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield

  Correct Answer: C

  Reference: http://www.oracleug.com/user-guide/account-receivables/transaction-flexfields