Oracle 1Z0-1056-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1056-21 Online Questions & Answers

• Question 1:

  Which configuration step is required for processing Collections disputes?

  A. Define Aging Method to be used with disputed transactions.
  B. Define Dispute Thresholds in Collections Preferences.
  C. Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
  D. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
  B. Define Dispute Thresholds in Collections Preferences.

• Question 2:

  Which three benefits do intercompany reconciliation reports provide to an accountant?

  A. Comparing receivables and payables account balances and identifying discrepancies.
  B. Displaying intercompany receivables and payables balancing lines.
  C. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
  D. Displaying clearing company balancing lines.
  A. Comparing receivables and payables account balances and identifying discrepancies.
  B. Displaying intercompany receivables and payables balancing lines.
  C. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

• Question 3:

  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 broken payment promises.
  D. List of delinquent customers.
  A. Tasks assigned to the collector such as follow-up calls.

• Question 4:

  Which four output file types are available when you run the "Print Receivables Transactions" program?

  A. JPG
  B. PDF
  C. Excel
  D. HTML
  E. Word
  F. Zipped PDFs
  B. PDF
  C. Excel
  D. HTML
  F. Zipped PDFs

• Question 5:

  Which two statements are true about processing Receivables adjustments that impact tax amounts?

  A. Receivables can look at invoice and retrieve the tax rate code.
  B. There is no need to retrieve the tax rate code.
  C. Receivables can look at the adjustment activity and retrieve the tax rate code.
  D. Receivables can look at System Options and retrieve the tax rate code.
  A. Receivables can look at invoice and retrieve the tax rate code.
  D. Receivables can look at System Options and retrieve the tax rate code.

• Question 6:

  Where is the summary delinquency data displayed In the Collections Work Area?

  A. Transactions Tab
  B. History Tab
  C. Profile Tab
  D. Aging Tab
  D. Aging Tab

• Question 7:

  As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?

  A. Approve
  B. Request Information
  C. Reassign
  D. Reject
  E. Edit
  C. Reassign

• Question 8:

  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. BI Answers
  B. BI Composer
  C. BI Publisher
  D. Dashboard Builder
  C. BI Publisher

• Question 9:

  Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?

  A. Receipts that are manually created.
  B. Miscellaneous receipts.
  C. Receipts created from a lockbox and uploaded.
  D. Receipts created in a spreadsheet and uploaded.
  E. Receipts with unapplied amounts.
  A. Receipts that are manually created.
  C. Receipts created from a lockbox and uploaded.
  D. Receipts created in a spreadsheet and uploaded.

• Question 10:

  Which predefined dunning letter template is available in the Collections application

  A. Regular, Medium, Hard, Difficult
  B. Soft, Medium, Hard, Final
  C. Regular, Medium, Hard, Easy
  D. Soft, Regular, Medium, Hard
  B. Soft, Medium, Hard, Final