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NEW QUESTION 57
Your customer has three sites defined in the system, site 1, site 2, 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 2 and 3 activities will be included in a single bill.
- C. Sites 1 and 3 activities will be included in a single bill.
- D. Sites 1 and 2 activities will be included in a single bill.
Answer: D
NEW QUESTION 58
To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)
- A. Revenue Contingencies
- B. Collectors
- C. Revenue Types
- D. Receivable Specialists
- E. Standard Memo Lines
Answer: A,C,E
NEW QUESTION 59
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)
- A. by setting SM to "Allow Partial" and SMM to "Percent"
- B. by setting SM to "Requires Complete" and SMM to "Period"
- C. by setting SM to "Requires Complete" and SMM to "Quantity"
- D. by setting SM to "Requires Complete" and SMM to "Percent"
- E. by setting SM to "Allow Partial" and SMM to "Period"
Answer: D,E
NEW QUESTION 60
What are the three setup steps required to implement the Lockbox feature? (Choose three.)
- A. Receipt Sources
- B. late charges
- C. credit card refunds
- D. Receipt Classes and Receipt Methods
- E. Lockbox and Lockbox Transmission Formats
Answer: A,D,E
NEW QUESTION 61
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
- A. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
- B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
- C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
- D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
- E. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
Answer: A,E
Explanation:
For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications.
NEW QUESTION 62
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
- A. Creating a credit memo in the Transactions Tab.
- B. Applying a customer payment in the Aging Tab.
- C. Adding new customer contacts in the Contacts tab.
- D. Processing a payment promise in the Transactions Tab.
- E. Changing the collector in the Profile Tab.
Answer: C,D,E
NEW QUESTION 63
Which two items are required for customer invoicing? (Choose two.)
- A. Remit-to-address
- B. Customer Profile Class
- C. Lockbox
- D. Customers
Answer: B,C
NEW QUESTION 64
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
- A. The strategy can be modified from the Manage Customers page.
- B. The Collector can modify the strategy from the Profile > Strategies tab.
- C. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
- D. Only a Collections Administrator can modify the strategy.
Answer: C
NEW QUESTION 65
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
- A. 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.
- B. If you have printed a transaction, the View Print button will not display a preview of the print.
- C. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
- D. It is recommended that 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.
Answer: A,D,E
NEW QUESTION 66
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 split between the four sales persons?
- A. 38.34 : 48.34 : 8.32 : 5
- B. 35: 45 : 5: 5
- C. 40: 50: 5: 5
- D. 38: 47.5: 9.5: 5
Answer: C
NEW QUESTION 67
When importing Receivable transactions 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 Receivables System Options.
- B. Validate the Item validation organization in inventory Org.
- C. Set up Item validation organization in Inventory Item.
- D. Set up Item validation organization in Inventory Org.
Answer: A
NEW QUESTION 68
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 defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- B. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- C. by defining an exclusion rule to exclude customer classes that are "Retail"
- D. by defining an item group and assigning that to the rule
- E. by defining a grouping rule on the customer class
Answer: B
NEW QUESTION 69
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
- A. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
- B. The payable options and the receivable system options should have the same tax application options.
- C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
- D. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
- E. First enter a payable transaction to calculate tax and then enter the receivable transaction.
- F. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
Answer: B,D
NEW QUESTION 70
Which two are Late Charge Calculation Methods?
- A. Credit Items and Disputed Transactions
- B. Late Payments Only
- C. Adjustment
- D. Overdue Invoices Only
Answer: B,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9F953CFFF569FA73E040D30A688151DC
NEW QUESTION 71
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?
- A. Mapping Set
- B. Description Rule
- C. Supporting References
- D. Transaction References
Answer: C
NEW QUESTION 72
ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegian krone. For this example, the conversion rate between the krone and the euro is 6.55957. The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the accounting.
Where should you define the header-level rounding account?
- A. Transaction Type
- B. Transaction Source
- C. Customer Site Level
- D. Receivable System Option
- E. Customer Account Level
Answer: B
NEW QUESTION 73
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer USA can pay for Customer West and its own transactions.
- B. Customer Japan can pay its own transactions.
- C. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
- D. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- E. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
Answer: A,B,D
NEW QUESTION 74
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?
- A. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
- B. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- C. The program allows table hierarchies for customer bank accounts, but not for other customer information.
- D. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
- E. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
Answer: B
NEW QUESTION 75
Your customer has a state tax of 20% and a city tax 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 $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 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 $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- D. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- E. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
Answer: A
NEW QUESTION 76
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
- A. Trading Community Hierarchy Management Duty
- B. Receipt Creation Duty
- C. Import Payables Invoices Duty
- D. Payment Settlement Management Duty
Answer: C,D
NEW QUESTION 77
Identify the dunning letter template set provided by an application.
- A. Regular, Medium, Hard
- B. Final Demand, Soft, Medium
- C. Regular, Final Demand, Medium
- D. Soft, Regular, Hard
Answer: B
NEW QUESTION 78
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