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

• Question 61:

  Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.

  A. The invoice is not closed.

  B. The transaction is partially paid.

  C. The transaction type is not associated with a credit memo type.

  D. The transaction date falls in a closed period.

  E. The transaction is an invoice.

  Correct Answer: C

• Question 62:

  You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.

  Which two tools should you use to create this analysis? (Choose two.)

  A. Report Builder

  B. Visual Builder add on to Excel

  C. Answers

  D. BI Composer

  Correct Answer: AB

• Question 63:

  Given the default system options:

  

  Which two instances are you required to select for the ?require salesperson flag? (Choose two.)

  A. Sales credit tracking is required

  B. FBDI Loader is required

  C. Auto-Invoicing is required

  D. Revenue accounting is required

  Correct Answer: AD

• Question 64:

  A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.

  What is the status of the adjustment?

  A. Pending Approval

  B. Forwarded for Approval

  C. Pending Research

  D. Approval Required

  Correct Answer: A

• Question 65:

  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 66:

  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 67:

  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 68:

  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 69:

  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

• Question 70:

  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)