Oracle Enterprise Resource Planning (ERP) 1Z0-1056-21 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.

  Correct Answer: B

• Question 2:

  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.

  Correct Answer: A

• Question 3:

  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.

  Correct Answer: ABC

• 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

  Correct Answer: BCDF

• Question 5:

  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

  Correct Answer: C

• 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

  Correct Answer: D

• Question 7:

  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.

  Correct Answer: AD

• 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

  Correct Answer: C

• Question 9:

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

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

  C. Run the predefined Transaction Details Report.

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

  Correct Answer: A

• 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

  Correct Answer: B