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

• Question 81:

  Which predefined dunning letter template is available in theCollections application

  A. Regular, Medium, Hard, Difficult

  B. Soft, Medium, Hard, Final

  C. Regular, Medium, Hard, Easy

  D. Soft, Regular, Medium, Hard

  Correct Answer: B

• Question 82:

  What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)

  A. Receipt Method

  B. AutoMatch Rule

  C. Customer

  D. System Options

  Correct Answer: CD

• Question 83:

  What are three functions of the Create AutomaticReceipt Write-offs program? (Choose three.)

  A. creating write-offs for specific currencies and customers

  B. limiting write-offs by a percentage of the original receipt amount

  C. scheduling periodic write-offs as receipt adjustments for small remaining balances

  D. scheduling periodic write-offs as receipt adjustments for old remaining balances

  E. scheduling periodic write-offs to occur in future periods

  Correct Answer: ABC

• Question 84:

  Which minimum Customer setup is required to create a receivables transaction?

  A. one customer account and one customer site with a bill-to site business purpose

  B. one customer account without any customer site

  C. one customer account with two sites: one with a bill-to business purpose and the other with a ship-to business purpose

  D. one customer account and one customer site with a ship-to site business purpose

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/define-customer.html#FAIRP1476580

• Question 85:

  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

• Question 86:

  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 87:

  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 88:

  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 89:

  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 90:

  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