Oracle Financials Cloud: Receivables 2024 Implementation Professional - 1Z0-1056-24 Exam Practice Test
A Billing Specialist has created and completed an invoice for $100 USD for Customer A .
The Specialist prints the invoice and realizes that the invoice should have been created for Customer B .
The accounting for the transaction for Customer A is posted to the General Ledger.
How can this be corrected?
The Specialist prints the invoice and realizes that the invoice should have been created for Customer B .
The accounting for the transaction for Customer A is posted to the General Ledger.
How can this be corrected?
Correct Answer: B
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Which four output file types are available when you run the "Print Receivables Transactions" program?
Correct Answer: A,B,D,F
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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:
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:
Correct Answer:
See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Receipt Methods icon in the Receivables work area.
Click on the Create button.
In the Receipt Methodwindow, enter the following information:
Name:XXCheck (Replace XX with your allocated user ID.)
Effective Date:January 1, 2023
Receipt Class:XXReceipt Class (The receipt class that you created in the previous step.) Bank Account:The bank account that will be used to clear receipts for this receipt method.
Click on the Savebutton.
The new receipt method will be created.
Explanation:
Log in to Oracle Financials Cloud.
Click on the Receipt Methods icon in the Receivables work area.
Click on the Create button.
In the Receipt Methodwindow, enter the following information:
Name:XXCheck (Replace XX with your allocated user ID.)
Effective Date:January 1, 2023
Receipt Class:XXReceipt Class (The receipt class that you created in the previous step.) Bank Account:The bank account that will be used to clear receipts for this receipt method.
Click on the Savebutton.
The new receipt method will be created.
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.
Identify the action that you need to take.
Correct Answer: A
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There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?
How would you exclude these customers from dunning?
Correct Answer: A
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Which two are rules applicable to issue of refunds? (Choose two.)
Correct Answer: A,C
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