Oracle Oracle Certifications 1Z0-1056-23 Questions & Answers

• Question 101:

  You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

  Which two conditions are failing? (Choose two.)

  A. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

  B. The Collections Administrator creates a bankruptcy request in theCustomer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

  C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

  D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

  E. Bankruptcy must be appliedat the customer level, which includes all transactions at the customer, account, and Site levels.

  F. The customer does not have the default strategy and default collector assigned at the customer account and site level.

  Correct Answer: BC

• Question 102:

  Which configuration taskneeds to be completed before you can create Bills Receivables for a customer?

  A. Define approval limits.

  B. Define standard memo lines.

  C. Define revenue scheduling rules.

  D. Define drawee site.

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/define-common-accounts-receivable-configuration.html#FAIRP1376582

• Question 103:

  Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue splitbetween the four sales persons?

  A. 38.34 : 48.34 : 8.32 : 5

  B. 35: 45 : 5: 5

  C. 38: 47.5: 9.5: 5

  D. 40: 50: 5: 5

  Correct Answer: D

• Question 104:

  What is required to register an external user to BillManagement?

  A. a customer account contact with the responsibility types bill to and ship-to

  B. a customer account contact with a valid mailing address

  C. a customer account contact with a valid mobile number

  D. a customer account contact with a validemail address

  Correct Answer: A

• Question 105:

  Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)

  A. Deposit

  B. Guarantee

  C. Debit Memo

  D. Credit Memo

  E. Charge Back

  Correct Answer: ABC

• Question 106:

  As a consultant, you have builtthe following Scoring model in Advanced Collections: If a customer has 10 past due transactions and an amount overdue of $125, what is the calculated score?

  

  A. 55

  B. 25

  C. 100

  D. 50

  E. 45

  Correct Answer: D

• Question 107:

  The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

  A. automatic receipts creation

  B. receipts creation in a spreadsheet

  C. manual receipt entry

  D. Lockbox receipts creation

  Correct Answer: B

• Question 108:

  Which statement is true about AutoAccounting?

  A. AutoAccounting is set up at the Legal Entity level.

  B. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.

  C. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.

  D. You cannot override the default General Ledger accounts thatAutoAccounting creates.

  Correct Answer: B

• Question 109:

  Which two statements are true about configuring Collection Strategies?

  A. You need to create Scoring Formulae (or usepredefined Scoring Formulas).

  B. You need to define an Aging Method that meets the requirements of your organization.

  C. You need to SGI the (Collections Method to Strategies for the relevant business unit.

  D. You need to create Strategy Tasks of the type "Automatic" only.

  Correct Answer: AD

• Question 110:

  To determine the best approach to converting aclient's data, you must know which setups are Reference: Data Set enabled and can be shared.

  Which three are Reference: Data Set enabled setups in Receivables? (Choose three.)

  A. Revenue Contingencies

  B. Receivables Activities

  C. Customer Account Sites

  D. Standard Memo Lines

  E. Revenue Transactions

  Correct Answer: ADE