1Z1-1056 by Oracle Actual Free Exam Questions And Answers

Question 1

Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?

A. Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel.

B. Run the predefined Transaction Details Report.

C. Search in the Payables "Manage Payments" page, then export results to Excel.

D. Create an Oracle Transactional Business Intelligence (OTBI) analysis.

Discussion 0

Correct Answer: D Vote an answer

Question 2

Which two statements are true about configuring Collection Strategies?

A. You need to SGI the (Collections Method to Strategies for the relevant business unit.

B. You need to create Scoring Formulae (or use predefined Scoring Formulas).

C. You need to create Strategy Tasks of the type "Automatic" only.

D. You need to define an Aging Method that meets the requirements of your organization.

Discussion 0

Correct Answer: B,C Vote an answer

Question 3

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A. receipts creation in a spreadsheet

B. automatic receipts creation

C. manual receipt entry

D. Lockbox receipts creation

Discussion 0

Correct Answer: A Vote an answer

Question 4

What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

A. by Source Document and time frame

B. by Item and time frame

C. by Source Document Line andtime frame

D. by Quote Number and time frame

E. by Customer and time frame

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 5

To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.

A. AutoMatch Rule Sets

B. Revenue Scheduling Rules

C. AutoCash Rules

D. Customer Site

E. Aging Methods

Discussion 0

Correct Answer: D Vote an answer

Question 6

What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

A. the selling price for all performance obligations in the customer contract

B. the SSP amounts for all performance obligations in the customer contract

C. the billing amount for all performance obligations in the customer contract

D. the allocated amount for all performance obligations in the customer contract

E. the extended SSP amounts for all performance obligations in the customer contract

Discussion 0

Correct Answer: C Vote an answer

Question 7

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

A. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

B. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

C. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

D. The customer does not have the default strategy and default collector assigned at the customer account and site level.

E. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

F. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

Discussion 0

Correct Answer: A,C Vote an answer

Question 8

Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?

A. Select the Enable OAGIS 10.1 XML Format Check Box

B. Set Preferred Delivery Methods to Email

C. Set Preferred Delivery Method to XML

D. Set Preferred Contact Method to XML

E. Select the Enable XML Invoicing Check Box for Relevant Transaction Classes

Discussion 0

Correct Answer: D,E Vote an answer

Oracle Financials Cloud: Receivables 2019 Implementation Essentials - 1Z1-1056 Exam Practice Test

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