Oracle Financials Cloud: Receivables 2018 Implementation Essentials - 1Z1-1006 Exam Practice Test

A. Existing transactions with no activity retain the old billing cycle.

B. Existing transactions with activity adapt the new billing cycle.

C. New transactions after this change inherit the new billing cycle.

D. The billing cycle does not have any impact on new transactions.

A. Import Payables Invoices Duty

B. Receipt Creation Duty

C. Payment Settlement Management Duty

D. Trading Community Hierarchy Management Duty

A. The invoice can now be printed.

B. The invoice is eligible for transfer to the General Ledger.

C. The invoice is sent for a dunning follow-up.

D. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

E. Payment schedules are created using the payment terms specified.

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.

B. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

C. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee.

D. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.

E. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.

A. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.

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

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

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

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

A. after 100 days

B. after 60 days

C. immediately

D. only after manual intervention

A. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

B. Delete Contracts from the Manage Customer Contracts UI.

C. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.

D. Delete the source data that was imported into Revenue Management and import new source data.

E. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.

A. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

B. removes the invoice line revenue contingencies

C. removes the pending sales credits

D. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run