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

Oracle 1Z0-1056-22 Online Questions & Answers

• Question 31:

  What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

  A. by Quote Number and time frame
  B. by Source Document and time frame
  C. by Item and time frame
  D. by Customer and time frame
  E. by Source Document Line andtime frame
  B. by Source Document and time frame
  C. by Item and time frame
  E. by Source Document Line andtime frame

• Question 32:

  A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.

  After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value?(Choose three.)

  A. Account Number or Party Number
  B. Currency code
  C. Data Point ID
  D. Data Point Description
  E. Data Point Lookup
  A. Account Number or Party Number
  B. Currency code
  C. Data Point ID

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  Explanation/Reference:

  Reference: https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/21B/21B-financials-wn.htm

• Question 33:

  If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolvethe issue?

  A. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
  B. Delete the source data that was imported into Revenue Management and import new source data.
  C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
  D. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.
  E. Delete Contracts from the Manage Customer Contracts UI.
  D. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.

• Question 34:

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

• Question 35:

  You have created two transactions with a 30-daypayment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.

  Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?

  A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
  B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
  C. A Bills Receivable is created with the issue date asJanuary 31, 2015 and the maturity date as March 30, 2015.
  D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
  E. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
  F. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
  D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.

• Question 36:

  When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

  A. removes the invoice line revenue contingencies
  B. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
  C. removes the pending sales credits
  D. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
  A. removes the invoice line revenue contingencies

• Question 37:

  Your customer has three sites defined in the system, site 1, site2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.

  How will bills be generated?

  A. Sites 1, 2, and 3 activities will be included in a single bill.
  B. Sites 2and 3 activities will be included in a single bill.
  C. Sites 1 and 2 activities will be included in a single bill.
  D. Sites 1 and 3 activities will be included in a single bill.
  C. Sites 1 and 2 activities will be included in a single bill.

• Question 38:

  Which predefined dunning letter template is available in theCollections application

  A. Regular, Medium, Hard, Difficult
  B. Soft, Medium, Hard, Final
  C. Regular, Medium, Hard, Easy
  D. Soft, Regular, Medium, Hard
  B. Soft, Medium, Hard, Final

• Question 39:

  How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

  A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
  B. Onlya Collections Administrator can modify the strategy.
  C. The Collector can modify the strategy from the Profile > Strategies tab.
  D. The strategy can be modified from the Manage Customers page.
  A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.

• Question 40:

  You schedule print runs of transactionsand 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 atransaction, 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 recommendedthat 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.
  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 recommendedthat 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.