Oracle 1Z0-1056-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1056-23 Online Questions & Answers

• Question 161:

  When importing Receivabletransactions into Fusion Receivables, the Autoinvoice log gives the error message "Error: Item validation org not set up for the BU."

  What action should you take to solve the issue?

  A. Set up Item validation organization in Inventory Item.
  B. Validate the Item validation organization in inventory Org.
  C. Set up Item validation organization in Inventory Org.
  D. Set up Item validation organization in Receivables System Options.
  D. Set up Item validation organization in Receivables System Options.

• Question 162:

  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 163:

  Your customer has a state tax of 20% and a citytax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.

  What will be the resulting tax and invoice amounts for your tax invoice?

  A. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
  B. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
  C. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
  D. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
  E. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
  E. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.

• Question 164:

  Which two duties are included in the Accounts Receivable Specialistassociated role? (Choose two.)

  A. Import Payables Invoices Duty
  B. Receipt Creation Duty
  C. Trading Community Hierarchy Management Duty
  D. Payment Settlement Management Duty
  A. Import Payables Invoices Duty
  D. Payment Settlement Management Duty

• Question 165:

  You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.

  What is a Nonrevenue Allocation?

  A. sales credits associated to deferred revenue
  B. sales credit allocation based on billing corrections
  C. sales credit reversals due to credit memo creation
  D. additional incentive-based sales credits
  C. sales credit reversals due to credit memo creation

• Question 166:

  Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

  A. Verify Customer Payments.
  B. Assign a Collector to a delinquent customer.
  C. View the Total Amount Due for delinquent customers.
  D. Record an activity to createa task or tasks to follow up on a delinquent customer.
  E. Update the work status of a work item for a delinquent customer.
  B. Assign a Collector to a delinquent customer.
  D. Record an activity to createa task or tasks to follow up on a delinquent customer.
  E. Update the work status of a work item for a delinquent customer.

• Question 167:

  Which two setups are required to ensure that the same tax is applied on both intercompany payableand intercompany receivable invoices? (Choose two.)

  A. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
  B. The payable options and the receivable system options should have the same tax applicationoptions.
  C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
  D. First enter a payable transaction to calculate tax and then enter the receivable transaction.
  E. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
  F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
  B. The payable options and the receivable system options should have the same tax applicationoptions.
  F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

• Question 168:

  You are the Billing Manager and you are responsible for reviewing adjustments and approving them.

  Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

  A. Pending My Research
  B. Pending Approval From Managers
  C. Pending Approval
  D. Pending My Approval
  E. Approved
  A. Pending My Research
  D. Pending My Approval

• Question 169:

  Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue splitbetween the four sales persons?

  A. 38.34 : 48.34 : 8.32 : 5
  B. 35: 45 : 5: 5
  C. 38: 47.5: 9.5: 5
  D. 40: 50: 5: 5
  D. 40: 50: 5: 5

• Question 170:

  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.