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Oracle Financials Cloud: Receivables 2022 Implementation Professional

Exam Details

  • Exam Code
    :1Z0-1056-22
  • Exam Name
    :Oracle Financials Cloud: Receivables 2022 Implementation Professional
  • Certification
    :Oracle Financials Cloud
  • Vendor
    :Oracle
  • Total Questions
    :154 Q&As
  • Last Updated
    :May 08, 2024

Oracle Oracle Financials Cloud 1Z0-1056-22 Questions & Answers

  • Question 151:

    Identify the receivables system option that relates to customers.

    A. Reciprocal Customer

    B. Receipt Method

    C. Default Country

    D. Automatic Site Numbering

  • Question 152:

    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

  • Question 153:

    Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD. How should you configure Intercompany System Option*; to meet this requirement?

    A. Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.

    B. Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL

    C. Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.

    D. Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.

  • Question 154:

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

    A. Previous Balance

    B. Adjusted Balance

    C. Overdue Transactions only

    D. Average Daily Balance

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