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

Oracle 1Z0-1056-22 Online Questions & Answers

• Question 21:

  You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

  Which two conditions are failing? (Choose two.)

  A. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
  B. The Collections Administrator creates a bankruptcy request in theCustomer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
  C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
  D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
  E. Bankruptcy must be appliedat the customer level, which includes all transactions at the customer, account, and Site levels.
  F. The customer does not have the default strategy and default collector assigned at the customer account and site level.
  B. The Collections Administrator creates a bankruptcy request in theCustomer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
  C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

• Question 22:

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

• Question 23:

  What is the impact on transactions of changing the billing cycle for a customer or group of customers?

  A. The billing cycle does not have any impact on new transactions.
  B. Existing transactions with no activity retain the old billing cycle.
  C. Existing transactions with activity adapt the new billing cycle.
  D. New transactions after this change inherit the new billing cycle.
  D. New transactions after this change inherit the new billing cycle.

• Question 24:

  Which two statements are true about configuring Collection Strategies?

  A. You need to create Scoring Formulae (or usepredefined Scoring Formulas).
  B. You need to define an Aging Method that meets the requirements of your organization.
  C. You need to SGI the (Collections Method to Strategies for the relevant business unit.
  D. You need to create Strategy Tasks of the type "Automatic" only.
  A. You need to create Scoring Formulae (or usepredefined Scoring Formulas).
  D. You need to create Strategy Tasks of the type "Automatic" only.

• Question 25:

  You are investigating the Receivables to General Ledger Reconciliation Report and must explain any variances to your Accounting Manager.

  What two variance amounts should you expect to investigate in this report? (Choose two.)

  A. Tax Variance
  B. Intercompany Variance
  C. Accounting Variance
  D. Receivables Variance
  C. Accounting Variance
  D. Receivables Variance

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  Explanation/Reference:

• Question 26:

  In whatthree ways will changing customer information impact the collection process? (Choose three.)

  A. Changing information on the Profile tab does not have an impact on the level at which collections are done.
  B. Adding or modifying customer contact name on theContacts tab impacts where the correspondence is sent.
  C. Making changes on the Profile tab impacts the collection process.
  D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
  E. Changing the Collector impacts the individual working with the delinquent customer.
  B. Adding or modifying customer contact name on theContacts tab impacts where the correspondence is sent.
  C. Making changes on the Profile tab impacts the collection process.
  E. Changing the Collector impacts the individual working with the delinquent customer.

• Question 27:

  You are defining a new receipt class to process manual customer payments and plan to use reconciliation accounting in Cash Management. Which two clearance methods enable you to match and clear transactions in Cash Management? (Choose two.)

  A. byfactoring
  B. by Conformation
  C. by Automatic Clearing
  D. Directly
  E. by matching
  C. by Automatic Clearing
  E. by matching

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  Explanation/Reference:

  Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13483/T359831T359834.htm

• Question 28:

  What is required to register an external user to BillManagement?

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

• Question 29:

  Identify two credit memo options. (Choose two.)

  A. Tax only
  B. Advance
  C. Paid freight
  D. Invoice lines
  E. Paid amount only
  A. Tax only
  D. Invoice lines

• Question 30:

  What is the order used to group transaction lines during the AutoInvoice Import process?

  A. Transaction Source, Customer Site Profile, Customer Account Profile, system options
  B. System options, Customer Site Profile, Transaction Source, Customer Account Profile
  C. Transaction Source, Customer Account Profile, Customer Site Profile, system options
  D. Transaction Source, Customer Account Profile, system options, Customer Site Profile
  A. Transaction Source, Customer Site Profile, Customer Account Profile, system options