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

• Question 41:

  Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

  A. Average

  B. Flat Rate

  C. Declining Balance

  D. Simple

  E. Compound

  Correct Answer: BDE

• Question 42:

  Identify two credit memo options. (Choose two.)

  A. Tax only

  B. Advance

  C. Paid freight

  D. Invoice lines

  E. Paid amount only

  Correct Answer: AD

• Question 43:

  Identify two values that default from Customer Profile Classes. (Choose two.)

  A. Business Purpose

  B. Statement Cycle

  C. Legal Entity

  D. Tax

  E. Payment Terms

  Correct Answer: DE

• Question 44:

  The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete

  Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to

  complete the transaction.

  Identify the column.

  A. Transaction Class

  B. Transaction Number

  C. Transaction Source

  D. Transaction Date

  Correct Answer: B

• Question 45:

  You schedule print runs of transactions and balance forward bills according to the needs of your

  enterprise.

  Which three statements are true? (Choose three.)

  A. It is not recommended to print transactions and balance forward bills directly from BI Publisher.

  B. If you have printed a transaction, the View Print button will not display a preview of the print.

  C. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.

  D. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.

  E. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

  Correct Answer: CDE

• Question 46:

  Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

  A. The Implementation Project is preconfigured and cannot be deleted or changed.

  B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.

  C. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

  D. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.

  E. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

  Correct Answer: E

• Question 47:

  Which statement is true about Balance Forward Billing?

  A. Balance Forward Bills must be enabled at each bill-to-site level.

  B. Balance Forward Bills can be created for a future date.

  C. Transactions included on a Balance Forward Bill can be updated.

  D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

  Correct Answer: A

• Question 48:

  Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

  A. Debit Memo

  B. Deposit

  C. Charge Back

  D. Credit Memo

  E. Guarantee

  Correct Answer: AD

• Question 49:

  Identify two late charge interest calculation methods. (Choose two.)

  A. Previous Balance

  B. Adjusted Balance

  C. Overdue Transactions only

  D. Average Daily Balance

  Correct Answer: CD

• Question 50:

  When running the delinquency process for a customer, the business unit for which you want to run the

  process does not appear in the drop-down menu.

  Identify the action that you need to take.

  A. Business unit is not a required option on the Parameters tab to run the delinquency process.

  B. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.

  C. Select the check box to enter the default business unit if it does not appear in the drop-down menu.

  D. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

  Correct Answer: B