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Prepare 1Z0-1056-21 Question Answers – 1Z0-1056-21 Exam Dumps

Real Oracle 1Z0-1056-21 Exam Questions [Updated 2022]

NO.17 When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

 
 
 
 
 

NO.18 Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

 
 
 
 
 
 

NO.19 What is required to register an external user to Bill Management?

 
 
 
 

NO.20 Which two are NOT components of a Business Intelligence Publisher report? (Choose two.)

 
 
 
 
 

NO.21 Which configuration task needs to be completed before you can create Bills Receivables for a customer?

 
 
 
 

NO.22 You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work are a. The import process, however, returns errors. Identify two reasons for the import failure.

 
 
 
 

NO.23 Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)

 
 
 
 
 

NO.24 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.)

 
 
 
 

NO.25 You have created two transactions with a 30-day payment 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?

 
 
 
 
 
 

NO.26 The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

 
 
 
 

NO.27 You are utilizing the “Upload Customer From Spreadsheet” option. What information on the Customer Worksheet must be unique for each customer record?

 
 
 
 

NO.28 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 of Enterprise 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?

 
 
 
 

NO.29 You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type.
From which three tables can the segment value be defaulted? (Choose three.)

 
 
 
 
 

NO.30 A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist’s approval limits.
What would be the result?

 
 
 
 

NO.31 You entered an invoice of $12500 in the receivable and created a receipt with the amount $15000 received from the customer.
How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?

 
 
 
 

NO.32 What is the initial status of a newly created bill receivable?

 
 
 
 
 

NO.33 What are the two places where Receivables can look for the “Match Receipts By” setting when applying manual customer receipts? (Choose two.)

 
 
 
 
 

NO.34 What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

 
 
 
 
 

NO.35 When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?

 
 
 
 

NO.36 Which three receipts can be automatically applied by a system? (Choose three.)

 
 
 
 
 

NO.37 Identify the receivables system option that relates to customers.

 
 
 
 

NO.38 A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?

 
 
 
 

NO.39 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?

 
 
 
 
 

NO.40 If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choose two.)

 
 
 
 

NO.41 Which three receipts can be automatically applied by the “Apply Receipts Using AutoMatch” process?

 
 
 
 
 

Oracle 1Z0-1056-21 Exam Syllabus Topics:

Topic Details
Topic 1
  • Report with Oracle Transactional Business Intelligence (OTBI)
  • Create and Process Transactions
Topic 2
  • Manage Automatic Receipts & Funds Capture Managing Customer Billing
  • Configuring Common Receivables
Topic 3
  • Manage Transaction types, Transaction sources, Items and Memo lines
  • Configure Revenue for Receivables
Topic 4
  • Reporting for Account Receivables & Advanced Collections
  • Manage the Auto-Invoice Process
Topic 5
  • Configure Integration with Other Applications
  • Configure Receivables Using Rapid Implementation
Topic 6
  • Configuring and Using Advanced Collections
  • Processing Customer Payments
Topic 7
  • Create & Process Bills Receivables Remittances
  • Configure and Use Oracle Bill Management
Topic 8
  • Manage Account Receivables Reconciliation
  • Report with Business Intelligence Publisher (BIP)
Topic 9
  • Manage Resources, Salesperson, Sales credits and Salesperson account references
  • Configure Sub Ledger Accounting

 

1Z0-1056-21 Exam Dumps Pass with Updated 2022: https://www.examdumpsvce.com/1Z0-1056-21-valid-exam-dumps.html

         

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