Oracle 1Z0-1056-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1056-22 Online Questions & Answers

• Question 1:

  You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.

  What is a Nonrevenue Allocation?

  A. sales credits associated to deferred revenue
  B. sales credit allocation based on billing corrections
  C. sales credit reversals due to credit memo creation
  D. additional incentive-based sales credits
  C. sales credit reversals due to credit memo creation

• Question 2:

  You are the Billing Manager and you are responsible for reviewing adjustments and approving them.

  Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

  A. Pending My Research
  B. Pending Approval From Managers
  C. Pending Approval
  D. Pending My Approval
  E. Approved
  A. Pending My Research
  D. Pending My Approval

• Question 3:

  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. Use the Customer Data Exceptions spreadsheet.
  B. Use the Customer Payment Method Exceptions spreadsheet.
  C. Troubleshoot Inthe Manage Customers page.
  D. Correct error and resubmit the batch.
  B. Use the Customer Payment Method Exceptions spreadsheet.

• Question 4:

  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, CustomerAccount 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
  A. Customer Number, CustomerAccount Number, Customer Site Number

• Question 5:

  Identify the receivables system option that relates to customers.

  A. Reciprocal Customer
  B. Receipt Method
  C. Default Country
  D. Automatic Site Numbering
  B. Receipt Method
  C. Default Country

• Question 6:

  What are the three drilldownoptions available in the task pane for Receipt Remittance? (Choose three.)

  A. Lockbox Transmission History
  B. Create Automatic Receipts
  C. Correct Funds Transfer Errors
  D. Create Receipt Remittance Batch
  E. Manage Receipt Remittance Batches
  B. Create Automatic Receipts
  D. Create Receipt Remittance Batch
  E. Manage Receipt Remittance Batches

• Question 7:

  Which three receipts can be automatically applied by the "Apply ReceiptsUsing 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.

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  Explanation/Reference:

• Question 8:

  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 9:

  Which three benefits do intercompany reconciliation reports provide to anaccountant?

  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 10:

  You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.

  Which three event attributes should be used? (Choose three.)

  A. Transaction number of amendments:
  B. Transaction created by
  C. Transaction last update date
  D. Transaction creation date
  E. Transaction type of update
  A. Transaction number of amendments:
  C. Transaction last update date
  E. Transaction type of update