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

Oracle 1Z0-1056-22 Online Questions & Answers

• Question 51:

  Which three receipts types can be reversed in the Cloud? (Choose three.)

  A. Invoice-related receipts
  B. Receipts applied to open receipts
  C. Miscellaneous receipts
  D. Receipts that are archived
  E. Credit card chargebacks posted to GL
  A. Invoice-related receipts
  C. Miscellaneous receipts
  E. Credit card chargebacks posted to GL

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  Explanation/Reference:

  Reference:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/recpts13.htm

• Question 52:

  Which two setups are required to create billsreceivables? (Choose two.)

  A. Statement cycles
  B. Lockbox
  C. Bills Receivable Matching Rules
  D. Bills Receivable Receipt method
  E. Customer account site with purpose of drawee
  A. Statement cycles
  D. Bills Receivable Receipt method

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/faofc/manage-bills-receivable.html#FAOFC1479829

• Question 53:

  Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?

  A. Tasks assignedto the collector such as follow-up calls.
  B. Summary of aged transactions.
  C. List of broken payment promises.
  D. List of delinquent customers.
  A. Tasks assignedto the collector such as follow-up calls.

• Question 54:

  You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment ofEnterprise Set for payment terms. Payment Term = Net 30; Reference Data Set = Enterprise Set Payment Term = Net 45; Reference Data Set = Enterprise Set Payment Term = 1%/10 Net 30; Reference Data Set = USA Set Payment Term = Net 45; Reference Data Set =USA Set If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?

  A. Net 45 (Enterprise Set), Net 45 (USA Set)
  B. Net 30 (Enterprise Set), Net 45 (Enterprise Set)
  C. Net 30 (Enterprise Set), Net 45 (USA Set)
  D. 1%/10 Net 30 (USA Set), Net 45 (USA Set)
  B. Net 30 (Enterprise Set), Net 45 (Enterprise Set)

• Question 55:

  As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "ApproveAdjustments" page?

  A. Approve
  B. Request Information
  C. Reassign
  D. Reject
  E. Edit
  C. Reassign

• Question 56:

  Your Cloud client has decided to use Channel RevenueManagement Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services.

  Which three setup steps are predefined for this feature? (Choose three.)

  A. predefined Channel Revenue Management auto accounting type
  B. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
  C. predefined Channel Revenue Management transaction type
  D. predefined Channel Revenue Management transaction source
  E. predefined Claim Investigation activity type under Receivables Activities
  B. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
  D. predefined Channel Revenue Management transaction source
  E. predefined Claim Investigation activity type under Receivables Activities

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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#F17868

• Question 57:

  You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex. Which tool should you use to create this analysis?

  A. BI Answers
  B. BI Composer
  C. BI Publisher
  D. Dashboard Builder
  C. BI Publisher

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  Explanation/Reference:

• Question 58:

  Where is the summary delinquency data displayed In the Collections Work Area?

  A. Transactions Tab
  B. History Tab
  C. Profile Tab
  D. Aging Tab
  D. Aging Tab

• Question 59:

  You are trying to migrate the Subledger Accounting setup by using the Export and Importfunctionality in the Setup and Maintenance work area. The import process, however, returns errors. Identify two reasons for the import failure.

  A. an inactive Journal Line Type
  B. an inactive Accounting Method
  C. an inactive Mapping Set
  D. an inactive Journal Entry Rule Set
  C. an inactive Mapping Set

• Question 60:

  Upon approval of a remittance batch of type "Factored withRecourse," the Receivables application creates a receipt and establishes risk.

  How does Receivables establish risk?

  A. by generating a bills receivables adjustment
  B. by creating an on-account credit memo
  C. by recording an entry to the Remitted Bills Receivable account
  D. by recording short-term debt
  A. by generating a bills receivables adjustment

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/financials/21b/fairp/implementing-receivables-credit-to-cash.pdf (261)