Oracle Enterprise Resource Planning (ERP) 1Z0-1056-21 Questions & Answers

• Question 11:

  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.

  Correct Answer: ACD

• Question 12:

  The Billing Manager has navigated to the Billing Work Area to review incomplete transactions. Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?

  A. 20+ Days Link

  B. 0-10 Days Link

  C. 0-5 Days Link

  D. 10+Days Link

  Correct Answer: B

• Question 13:

  You have been asked to assign a reference data set to a specific Business Unit for several Receivable

  setups.

  What are the navigational steps needed to accomplish this task?

  A. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"

  B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"

  C. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"

  D. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/ Task: "Manage Business Unit Set Assignment"

  Correct Answer: A

• Question 14:

  Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?

  A. Processing a payment promise in the Transactions Tab.

  B. Creating a credit memo in the Transactions Tab.

  C. Changing the collector in the Profile Tab.

  D. Applying a customer payment in the Aging Tab.

  E. Adding new customer contacts in the Contacts tab.

  Correct Answer: ACE

• Question 15:

  Which two are Late Charge Calculation Methods?

  A. Credit Items and Disputed Transactions

  B. Late Payments Only

  C. Adjustment

  D. Overdue Invoices Only

  Correct Answer: BD

  https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9F953CFFF569FA73E040D30A688151DC

• Question 16:

  Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

  A. Use Web Services to integrate with an external system that can handle this requirement.

  B. Modify the Invoice Print Layout Bill Presentment Template.

  C. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.

  D. Extend the "Print Receivables Transactions" program.

  Correct Answer: A

• Question 17:

  What is required to register an external user to Bill Management?

  A. a customer account contact with the responsibility types bill to and ship-to

  B. a customer account contact with a valid mailing address

  C. a customer account contact with a valid mobile number

  D. a customer account contact with a valid email address

  Correct Answer: A

• Question 18:

  Which two statements are true regarding the Promise to Pay feature in the Collections application?

  A. Mass promise to pay amounts automatically become partial payments.

  B. You cannot cancel a promise made in error if it is before the promise due date.

  C. Promise information is updated by scheduling the Promise Reconciliation process.

  D. You can cancel a promise made in error if it is before the promise due date.

  Correct Answer: A

• Question 19:

  Which is NOT a valid Infotile in the Accounts Receivables Work Area?

  A. Unidentified Receipts

  B. Lockbox Exceptions

  C. Receipt Batches

  D. Unapplied Receipts

  E. Unapplied Credits

  Correct Answer: A

• Question 20:

  You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?

  A. Customer Number, Customer Account Number, Customer Site Number

  B. Customer Name, Customer Billing Address, Customer Bank Account

  C. Customer Name, Customer Account Number, Customer Site Number

  D. Customer Number, Customer Billing Address, Customer Bank Account

  Correct Answer: A