1Z0-1056-22 Online Practice Questions and Answers

Which statement is true about Balance Forward Billing?

A. Balance Forward Bills must be enabled at each bill-to-site level.

B. Balance Forward Bills can be created for a future date.

C. Transactions included on a Balance Forward Bill can be updated.

D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.

How will you correct the error?

A. by using the Customer Import Interface work area

B. by using the correct Customer PaymentMethod spreadsheet

C. by using the correct Customer Data spreadsheet

D. by importing the correct data by using a new spreadsheet upload

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

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

Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?

A. Tasks assignedto the collector such as follow-up calls.

B. Summary of aged transactions.

C. List of broken payment promises.

D. List of delinquent customers.

You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.

Which bank account setup controls receipt application to short-term debt?

A. short-term debt clearing days

B. risk elimination days

C. clearing days

D. collection days

E. lead days

F. recall days

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"

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.

Which two statements are true about Accounting for Tax onReceivables? (Choose two.)

A. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.

B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.

C. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on thereceivable activity.

D. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.

E. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.

F. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.

Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

A. Use Web Services to integrate with an external system that can handle this requirement.

B. Modify theInvoice Print Layout Bill Presentment Template.

C. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.

D. Extend the "Print Receivables Transactions" program.

The Business Intelligence repository contains metadata that defines columns, which you caninclude in an analysis.

Which three types of columns are available when you create or edit an analysis? (Choose three.)

A. Hierarchy

B. Function

C. Fact

D. Attribute E. Sum

What information does the Collector see in the Activities List area of the Collections Dashboard?

A. customer's profile for each assigned customer

B. customer search as per the parameter specified

C. status of processing activitiesfrom the Process Monitor

D. tasks assigned to the Collector, such as follow-up calls

E. summary of aged transactions

You have created two transactions with a 30-daypayment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.

Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?

A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.

B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.

C. A Bills Receivable is created with the issue date asJanuary 31, 2015 and the maturity date as March 30, 2015.

D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.

E. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.

F. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.

Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

A. Verify Customer Payments.

B. Assign a Collector to a delinquent customer.

C. View the Total Amount Due for delinquent customers.

D. Record an activity to createa task or tasks to follow up on a delinquent customer.

E. Update the work status of a work item for a delinquent customer.

The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.

Identifythe column.

A. Transaction Class

B. Transaction Number

C. Transaction Source

D. Transaction Date