Oracle 1Z0-1056 Online Practice Questions and Exam Preparation

Oracle 1Z0-1056 Online Questions & Answers

• Question 61:

  Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.

  A. The invoice is not closed.
  B. The transaction is partially paid.
  C. The transaction type is not associated with a credit memo type.
  D. The transaction date falls in a closed period.
  E. The transaction is an invoice.
  C. The transaction type is not associated with a credit memo type.

• Question 62:

  Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?

  A. Processing a payment promise in the Transactions Tab.
  B. Creating a credit memo in the Transactions Tab.
  C. Changing the collector in the Profile Tab.
  D. Applying a customer payment in the Aging Tab.
  E. Adding new customer contacts in the Contacts tab.
  A. Processing a payment promise in the Transactions Tab.
  C. Changing the collector in the Profile Tab.
  E. Adding new customer contacts in the Contacts tab.

• Question 63:

  You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups. What are the navigational steps needed to accomplish this task?

  A. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
  B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
  C. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"
  D. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
  A. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"

• Question 64:

  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 65:

  What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

  A. creating write-offs for specific currencies and customers
  B. limiting write-offs by a percentage of the original receipt amount
  C. scheduling periodic write-offs as receipt adjustments for small remaining balances
  D. scheduling periodic write-offs as receipt adjustments for old remaining balances
  E. scheduling periodic write-offs to occur in future periods
  A. creating write-offs for specific currencies and customers
  B. limiting write-offs by a percentage of the original receipt amount
  C. scheduling periodic write-offs as receipt adjustments for small remaining balances

• Question 66:

  What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)

  A. Lockbox Transmission History
  B. Create Automatic Receipts
  C. Correct Funds Transfer Errors
  D. Create Receipt Remittance Batch
  E. Manage Receipt Remittance Batches
  B. Create Automatic Receipts
  D. Create Receipt Remittance Batch
  E. Manage Receipt Remittance Batches

• Question 67:

  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 resolve the 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 68:

  Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

  A. Intercompany invoicing must be enabled in Payables Invoice Options.
  B. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
  C. Intercompany invoicing must be enabled in Receivables System Options.
  D. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
  D. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

• Question 69:

  Which three benefits do intercompany reconciliation reports provide to an accountant?

  A. Comparing receivables and payables account balances and identifying discrepancies.
  B. Displaying intercompany receivables and payables balancing lines.
  C. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
  D. Displaying clearing company balancing lines.
  A. Comparing receivables and payables account balances and identifying discrepancies.
  B. Displaying intercompany receivables and payables balancing lines.
  C. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

• Question 70:

  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