Oracle Financials Cloud: Receivables 2021 Implementation Essentials - 1Z0-1056-21 Exam Practice Test
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
Correct Answer: B
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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? (Choose two.)
Correct Answer: B,D
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Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?
Correct Answer: D
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You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.
How would you achieve this?
How would you achieve this?
Correct Answer: C
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Which is NOT a valid Infotile in the Accounts Receivables Work Area?
Correct Answer: E
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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?
Which bank account setup controls receipt application to short-term debt?
Correct Answer: C
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The Business Intelligence repository contains metadata that defines columns, which you can include in an analysis.
Which three types of columns are available when you create or edit an analysis? (Choose three.)
Which three types of columns are available when you create or edit an analysis? (Choose three.)
Correct Answer: A,B,D
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You are defining a new receipt class to process manual customer payments and plan to use reconciliation accounting in Cash Management.
Which two clearance methods enable you to match and clear transactions in Cash Management? (Choose two.)
Which two clearance methods enable you to match and clear transactions in Cash Management? (Choose two.)
Correct Answer: C,E
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Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?
Correct Answer: D
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You entered an invoice of $12500 in the receivable and created a receipt with the amount $15000 received from the customer.
How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?
How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?
Correct Answer: B
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Your Cloud client has decided to use Channel Revenue Management Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services.
Which three setup steps are predefined for this feature? (Choose three.)
Which three setup steps are predefined for this feature? (Choose three.)
Correct Answer: C,D,E
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