1Z0-1056-23 Online Practice Questions and Answers

Whenusing lockbox to process customer payments, which two tables are used in the upload? (Choose two.)

A. RA_INTERFACE_PAYMENTS_ALL

B. AR_PAYMENTS_INTERFACE_ALL

C. AR_INTERFACE_INTERIM_LINES_ALL

D. AR_INTERIM_CASH_RECEIPTS_ALL

Which reporting tool is primarily used by users to create ad hoc analysis from real-time Receivables data?

A. Smart View

B. Oracle Transaction Business Intelligence

C. ADFdi Spreadsheets

D. XML Publisher

E. Financial Reporting Web Studio

The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.

Which link on the Incomplete Infotile will provide detailed information onthe most recent incomplete transactions?

A. 20+ Days Link

B. 0-10 Days Link

C. 0-5 Days Link

D. 10+Days Link

If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choosetwo.)

A. On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations

B. Unapplied, if the Customer Account Number or MICR number is provided

C. Unidentified, if the Customer Account Number or MICR is notprovided and there are no successful matching recommendations

D. Applied, if the Customer Account Number or MICR number is provided

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.

In whatthree ways will changing customer information impact the collection process? (Choose three.)

A. Changing information on the Profile tab does not have an impact on the level at which collections are done.

B. Adding or modifying customer contact name on theContacts tab impacts where the correspondence is sent.

C. Making changes on the Profile tab impacts the collection process.

D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.

E. Changing the Collector impacts the individual working with the delinquent customer.

Identify two values that default from Customer Profile Classes. (Choose two.)

A. Business Purpose

B. Statement Cycle

C. LegalEntity

D. Tax

E. Payment Terms

What is the order used to group transaction lines during the AutoInvoice Import process?

A. Transaction Source, Customer Site Profile, Customer Account Profile, system options

B. System options, Customer Site Profile, Transaction Source, Customer Account Profile

C. Transaction Source, Customer Account Profile, Customer Site Profile, system options

D. Transaction Source, Customer Account Profile, system options, Customer Site Profile

You are explaining the benefits of using Bill Management as a self-service electronic bill presentment solution to an existing customer.

Which feature is not supported in Bill Management?

A. Makingpayments by using a credit card or the bank account

B. Managing unapplied payments

C. Managing credit memos

D. Reviewing customer account balances

E. Managing disputes

Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

A. Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield

B. Line-level transaction flexfield and Header-level transaction flexfield

C. Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield

D. Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield

You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager. What two variance amounts should you expect to investigate in this report?

A. Accounting Variance

B. Intercompany Variance

C. Tax Variance

D. Receivables Variance

After creating Receivables Activities using the General Ledger Rapid Implementation workbook upload process a Receivables Manager wants to review and make changes if required, to the account assignments created for these Receivables Activities.

Which two Receivables Activities DO NOT have account assignments to review and change?

A. Earned Discounts

B. Debit Memo Reversal

C. Miscellaneous Receipt

D. Adjustment Activities

E. Unearned Discounts

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.

Which statement is true about the restrictions applied to the setup?

A. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

B. Cash Managers can create and manage bank accounts for only those business units to which they are given access.

C. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

D. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

The AutoAc counting rule for the Revenue account is defined as follows:

When entering a manual invoice, the revenue account code combination is incomplete with the Department segment left blank. Which are the three reasons for this?

A. Revenue Reference Accounts for Salesperson were not defined for the Transaction Business Unit

B. Transaction Type was defined as Overapplication set to Yes but Post to GL set to No.

C. Salesperson is not required on the transaction and is left blank.

D. Revenue Reference Accounts were entered for all salespersons.

E. No Sales Credit salesperson has no reference accounts.

CORRECT TEXT-(Topic 2)

Manage Receipt Classes and Methods

Scenario

Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.

Task:

Create a manual Receipt Class, where:

1.

Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)

2.

Receipts using this new receipt class will not be remitted

3.

Organization will use Cash Management to clear their receipts

A. See the explanation below for solution.

B. PlaceHolder

C. PlaceHolder

D. PlaceHolder