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

Oracle 1Z0-1056-23 Online Questions & Answers

• Question 61:

  A business entity (your client) sells a computer, monitor, keyboard,and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.

  How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

  A. by defininga grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
  B. by defining a grouping rule on the customer class
  C. by defining a grouping on an extensible line attributeand ensuring that the source lines for the specified items contain the same value for that attribute
  D. by defining an item group and assigning that to the rule
  E. by defining an exclusion rule to exclude customer classes that are "Retail"
  A. by defininga grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

• Question 62:

  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 63:

  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 64:

  Which two determinant types are used in reference data assignment? (Choose two.)

  A. Business Unit
  B. Account Segment
  C. Project Segment
  D. Project unit
  A. Business Unit
  D. Project unit

• Question 65:

  Identify two values that default from Customer Profile Classes. (Choose two.)

  A. Business Purpose
  B. Statement Cycle
  C. LegalEntity
  D. Tax
  E. Payment Terms
  D. Tax
  E. Payment Terms

• Question 66:

  Each time that you run AutoInvoice, the process generates a list of records that fail validation. Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)

  A. using the Incomplete Infotile
  B. using the Manage AutoInvoice Lines task
  C. using the Manage Transactions task
  D. using the Import Exceptions Infotile
  B. using the Manage AutoInvoice Lines task
  C. using the Manage Transactions task

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  Explanation/Reference:

  Reference:https://docs.oracle.com/en/cloud/saas/financials/20b/faofc/manage-customer-billing.html#FAOFC1479532

• Question 67:

  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 two tools should you use to create this analysis? (Choose two.)

  A. Report Builder
  B. Visual Builder add on to Excel
  C. Answers
  D. BI Composer
  A. Report Builder
  B. Visual Builder add on to Excel

• Question 68:

  Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

  A. The Transaction Summary Report shows only transactions with a status of received.
  B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
  C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
  D. The ledger balancing lines are generated when theprimary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
  E. You need to submit the Extract Intercompany Reconciliation Data job.
  C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
  D. The ledger balancing lines are generated when theprimary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

• Question 69:

  Which two statements are true regarding the Promise to Pay feature in the Collections application?

  A. Mass promise to pay amounts automatically become partial payments.
  B. You cannot cancel a promise made in error if it is before the promise duedate.
  C. Promise information is updated by scheduling the Promise Reconciliation process.
  D. You can cancel a promise made in error if it is before the promise due date.
  A. Mass promise to pay amounts automatically become partial payments.

• Question 70:

  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