Latest Oracle 1Z0-1056-21 First Attempt, Exam real Dumps Updated [Dec-2021]
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NEW QUESTION 79
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
- A. transactions that have the Print Option set to Do Not Print
- B. transactions have a Bill Type of Imported
- C. transactions that have the selected payment terms
- D. transactions that were included in a previous Balance Forward Bill
Answer: C
Explanation:
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NEW QUESTION 80
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?
- A. Set the payment terms revenue recognition policy to look for Line First and Tax Later.
- B. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
- C. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
- D. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
- E. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
Answer: B
Explanation:
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NEW QUESTION 81
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Correspondence tab
- B. Activity tab
- C. Profile tab
- D. Aging tab
Answer: C
Explanation:
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NEW QUESTION 82
Each time that you run AutoInvoice, the process generates a list of records that fail validation.
Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)
- A. using the Incomplete Infotile
- B. using the Manage AutoInvoice Lines task
- C. using the Import Exceptions Infotile
- D. using the Manage Transactions task
Answer: B,D
NEW QUESTION 83
Which three receipts types can be reversed in the Cloud? (Choose three.)
- A. Receipts that are archived
- B. Receipts applied to open receipts
- C. Invoice-related receipts
- D. Credit card chargebacks posted to GL
- E. Miscellaneous receipts
Answer: C,D,E
NEW QUESTION 84
Which two are Late Charge Calculation Methods?
- A. Adjustment
- B. Late Payments Only
- C. Overdue Invoices Only
- D. Credit Items and Disputed Transactions
Answer: B,C
NEW QUESTION 85
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?
- A. You can select only a Closed accounting period.
- B. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
- C. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
- D. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
Answer: D
Explanation:
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NEW QUESTION 86
Which two are NOT components of a Business Intelligence Publisher report? (Choose two.)
- A. View
- B. Translation
- C. Layout
- D. Matrix
- E. Data Model
Answer: A,D
NEW QUESTION 87
Which statement is true about AutoAccounting?
- A. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
- B. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
- C. AutoAccounting is set up at the Legal Entity level.
- D. You cannot override the default General Ledger accounts thatAutoAccounting creates.
Answer: A
Explanation:
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NEW QUESTION 88
Identify two late charge interest calculation methods. (Choose two.)
- A. Average Daily Balance
- B. Adjusted Balance
- C. Previous Balance
- D. Overdue Transactions only
Answer: A,D
Explanation:
References:
NEW QUESTION 89
After creating Receivable Activities using the General Ledger Rapid Implementation workbook upload process, a Receivable Manager wants to review and make changes if required, to the account assignments created for these Receivable Activities.
Which two Receivable Activities do not have account assignments to review and change? (Choose two.)
- A. Miscellaneous Receipt
- B. Debit Memo Reversal
- C. Unearned Discounts
- D. Earned Discounts
- E. Adjustment Activities
Answer: A,E
NEW QUESTION 90
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 Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment 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 None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
Answer: A
NEW QUESTION 91
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
- A. Query each customer refund and verify the Refund Status.
- B. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
- C. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
- D. Create an Oracle Business Intelligence Applications (OBIA) Report.
Answer: C
NEW QUESTION 92
Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.
When should the Debit Memo Reversal method be used to reverse a receipt?
- A. You are reversing a Miscellaneous receipt.
- B. You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.
- C. You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.
- D. You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
Answer: C
NEW QUESTION 93
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?
- A. Create an open debit memo.
- B. Search for the information in the Review Customer Account Details user interface.
- C. Apply, reverse, or process the receipt.
- D. Search for open invoices on the Manage Transaction search page.
Answer: B
NEW QUESTION 94
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
- A. Correct error and resubmit the batch.
- B. Troubleshoot In the Manage Customers page.
- C. Use the Customer Data Exceptions spreadsheet.
- D. Use the Customer Payment Method Exceptions spreadsheet.
Answer: D
NEW QUESTION 95
Which two determinant types are used in reference data assignment? (Choose two.)
- A. Business Unit
- B. Project unit
- C. Project Segment
- D. Account Segment
Answer: A,B
Explanation:
References:
NEW QUESTION 96
You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?
- A. Dashboard Builder
- B. BI Answers
- C. BI Publisher
- D. BI Composer
Answer: C
NEW QUESTION 97
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. miscellaneous receipt
- B. quick cash receipt
- C. AutoLockbox receipt
- D. manual receipt
- E. automatic receipt
Answer: E
Explanation:
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NEW QUESTION 98
When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations?
(Choose three.)
- A. Liability- Unearned revenue
- B. Revenue- Revenue
- C. Liability-Accounts Payable
- D. Owner's equity
- E. Asset - Remitted Receipts
Answer: C,D,E
NEW QUESTION 99
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