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

Oracle 1Z0-1056-22 Online Questions & Answers

• Question 91:

  What information does the Collector see in the Activities List area of the Collections Dashboard?

  A. customer's profile for each assigned customer
  B. customer search as per the parameter specified
  C. status of processing activitiesfrom the Process Monitor
  D. tasks assigned to the Collector, such as follow-up calls
  E. summary of aged transactions
  D. tasks assigned to the Collector, such as follow-up calls

• Question 92:

  Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.

  Which option would you use to achieve this with the help of the Subledger Accountingsolution?

  A. Mapping Set
  B. Supporting References
  C. Transaction References
  D. Description Rule
  B. Supporting References

• Question 93:

  To meet the business needs of most organizations, "Common Set" is seeded InFusionfor all set-enabled objects with the exception of _________________.

  A. AutoMatch Rule Sets
  B. AutoCash Rules
  C. Revenue Scheduling Rules
  D. Customer Site
  E. Aging Methods
  D. Customer Site

• Question 94:

  Given the default system options:

  

  Which two instances are you required to select for the ?require salesperson flag? (Choose two.)

  A. Sales credit tracking is required
  B. FBDI Loader is required
  C. Auto-Invoicing is required
  D. Revenue accounting is required
  A. Sales credit tracking is required
  D. Revenue accounting is required

• Question 95:

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

• Question 96:

  Each time that you run AutoInvoice, the process generates a list of records that fail validation. Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)

  A. using the Incomplete Infotile
  B. using the Manage AutoInvoice Lines task
  C. using the Manage Transactions task
  D. using the Import Exceptions Infotile
  B. using the Manage AutoInvoice Lines task
  C. using the Manage Transactions task

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  Explanation/Reference:

  Reference:https://docs.oracle.com/en/cloud/saas/financials/20b/faofc/manage-customer-billing.html#FAOFC1479532

• Question 97:

  ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegiankrone. For this example, the conversion rate between the krone and the euro is 6.55957. The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the accounting.

  Where should you define the header-level rounding account?

  A. Customer Account Level
  B. Transaction Source
  C. Receivable System Option
  D. Customer Site Level
  E. Transaction Type
  B. Transaction Source

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/manage-receivables-system-options.html#FAIRP271497

• Question 98:

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

• Question 99:

  You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.

  Which bank account setup controls receipt application to short-term debt?

  A. short-term debt clearing days
  B. risk elimination days
  C. clearing days
  D. collection days
  E. lead days
  F. recall days
  A. short-term debt clearing days

• Question 100:

  When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments. Which receipt rule should you define?

  A. One per Customer per due date
  B. One per Customer
  C. One per site per due date
  D. One per invoice
  D. One per invoice