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

• Question 31:

  How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

  A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.

  B. Onlya Collections Administrator can modify the strategy.

  C. The Collector can modify the strategy from the Profile > Strategies tab.

  D. The strategy can be modified from the Manage Customers page.

  Correct Answer: A

• Question 32:

  If a receipt cannot be automatically matched or transaction information is not available, Receivables can use theAutoCash rule set.

  In which three places is the rule set found? (Choose three.)

  A. System Options

  B. Receipt Class

  C. Customer Site

  D. Receipt Method

  E. Customer Account

  Correct Answer: CDE

  If transactions cannot be matched or transaction information is notavailable, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCashrule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.

• Question 33:

  Which is NOT a valid Infotile in the Accounts Receivables Work Area?

  A. Unidentified Receipts

  B. Lockbox Exceptions

  C. Receipt Batches

  D. Unapplied Receipts

  E. Unapplied Credits

  Correct Answer: A

• Question 34:

  You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?

  A. Customer Number, CustomerAccount Number, Customer Site Number

  B. Customer Name, Customer Billing Address, Customer Bank Account

  C. Customer Name, Customer Account Number, Customer Site Number

  D. Customer Number, Customer Billing Address, Customer Bank Account

  Correct Answer: A

• Question 35:

  Which method is used to allocate total transaction price across performance obligations in Revenue Management?

  A. Two Step Allocation Method

  B. Inverted Allocation Method

  C. Alternative Allocation Method

  D. Relative Allocation Method

  E. Residual Allocation Method

  Correct Answer: A

• Question 36:

  A business entity (your client) sells a computer, monitor, keyboard,and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.

  How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

  A. by defininga grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

  B. by defining a grouping rule on the customer class

  C. by defining a grouping on an extensible line attributeand ensuring that the source lines for the specified items contain the same value for that attribute

  D. by defining an item group and assigning that to the rule

  E. by defining an exclusion rule to exclude customer classes that are "Retail"

  Correct Answer: A

• Question 37:

  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 38:

  Which three receipts types can be reversed in the Cloud? (Choose three.)

  A. Invoice-related receipts

  B. Receipts applied to open receipts

  C. Miscellaneous receipts

  D. Receipts that are archived

  E. Credit card chargebacks posted to GL

  Correct Answer: ACE

  Reference:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/recpts13.htm

• Question 39:

  Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)

  A. Activities

  B. Unapplied Receipts

  C. Unapplied Credits

  D. Receipt Batches

  E. Unidentified Receipts

  Correct Answer: BCD

• Question 40:

  A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines isassociated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).

  When will revenue be recognized?

  A. only after manual intervention

  B. after 100 days

  C. immediately

  D. after 60 days

  Correct Answer: B