[Aug-2021] Valid Way To Pass Oracle Exam Dumps with 1Z0-1056-21 Exam Study Guide
All 1Z0-1056-21 Dumps and Oracle Financials Cloud: Receivables 2021 Implementation Essentials Training Courses Help candidates to study and pass the Exams hassle-free!
NEW QUESTION 67
When using 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
Answer: B,D
NEW QUESTION 68
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work are a. The import process, however, returns errors. Identify two reasons for the import failure.
- A. an inactive Accounting Method
- B. an inactive Journal Entry Rule Set
- C. an inactive Journal Line Type
- D. an inactive Mapping Set
Answer: D
NEW QUESTION 69
A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?
- A. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
- B. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
- C. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
- D. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
Answer: A
NEW QUESTION 70
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?
- A. Assign an enterprise reference data set to the business units, which share the account addresses.
- B. Create a separate reference data set for each business unit and assign it to each unit.
- C. Assign a COMMON reference data set to the business units, which share the account addresses.
- D. Create a new reference data set for account addresses and assign it to the business units.
Answer: C
Explanation:
References:
NEW QUESTION 71
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. Run the predefined Transaction Details Report.
- B. Search in the Payables "Manage Payments" page, then export results to Excel.
- C. Create an Oracle Transactional Business Intelligence (OTBI) analysis.
- D. Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel.
Answer: C
NEW QUESTION 72
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?
- A. Modify the Invoice Print Layout Bill Presentment Template.
- B. Extend the "Print Receivables Transactions" program.
- C. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
- D. Use Web Services to integrate with an external system that can handle this requirement.
Answer: D
NEW QUESTION 73
Which two setups are required to create bills receivables? (Choose two.)
- A. Customer account site with purpose of drawee
- B. Bills Receivable Receipt method
- C. Statement cycles
- D. Bills Receivable Matching Rules
- E. Lockbox
Answer: B,C
NEW QUESTION 74
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 extended SSP amounts for all performance obligations in the customer contract
- D. the billing amount for all performance obligations in the customer contract
- E. the allocated amount for all performance obligations in the customer contract
Answer: D
NEW QUESTION 75
Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)
- A. Deposit
- B. Charge Back
- C. Guarantee
- D. Debit Memo
- E. Credit Memo
Answer: A,C,D
Explanation:
References:
NEW QUESTION 76
What is required to register an external user to Bill Management?
- A. a customer account contact with a valid mobile number
- B. a customer account contact with the responsibility types bill to and ship-to
- C. a customer account contact with a valid mailing address
- D. a customer account contact with a valid email address
Answer: B
NEW QUESTION 77
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.)
- A. Fact
- B. Sum
- C. Function
- D. Hierarchy
- E. Attribute
Answer: A,D,E
NEW QUESTION 78
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
- A. removes the pending sales credits
- B. removes the invoice line revenue contingencies
- C. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
- D. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
Answer: B
Explanation:
References:
NEW QUESTION 79
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
- A. Tasks assigned to the collector such as follow-up calls.
- B. Summary of aged transactions.
- C. List of delinquent customers.
- D. List of broken payment promises.
Answer: A
NEW QUESTION 80
The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.
To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 81
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?
- A. Revenue Manager
- B. Billing Specialist
- C. Accounts Receivable Specialist
- D. Accounts Receivable Manager
Answer: C
Explanation:
References:
NEW QUESTION 82
When importing Receivable transactions into Fusion Receivables, the Autoinvoice log gives the error message "Error: Item validation org not set up for the BU." What action should you take to solve the issue?
- A. Set up Item validation organization in Receivables System Options.
- B. Set up Item validation organization in Inventory Org.
- C. Validate the Item validation organization in inventory Org.
- D. Set up Item validation organization in Inventory Item.
Answer: A
NEW QUESTION 83
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)
- A. The invoice can now be printed.
- B. The invoice is eligible for transfer to the General Ledger.
- C. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
- D. Payment schedules are created using the payment terms specified.
- E. The invoice is sent for a dunning follow-up.
Answer: A,B,D
NEW QUESTION 84
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