Download Oracle Financials Cloud: Receivables 2019 Implementation Essentials.1z1-1056.CertDumps.2020-02-02.10q.tqb

Vendor: Oracle
Exam Code: 1z1-1056
Exam Name: Oracle Financials Cloud: Receivables 2019 Implementation Essentials
Date: Feb 02, 2020
File Size: 31 KB
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Demo Questions

Question 1
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?
  1. The program can be run only if the amount is within the Billing Specialist's approval limits.
  2. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
  3. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
  4. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
Correct answer: B
Explanation:
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/adjust.htm#n_adj
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/adjust.htm#n_adj
Question 2
Which two statements are true about configuring Collection Strategies?
  1. You need to define an Aging Method that meets the requirements of your organization.
  2. You need to create Strategy Tasks of the type "Automatic" only.
  3. You need to SGI the (Collections Method to Strategies for the relevant business unit.
  4. You need to create Scoring Formulae (or use predefined Scoring Formulas).
Correct answer: BD
Question 3
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?
  1. Net 45 (Enterprise Set), Net 45 (USA Set)
  2. Net 30 (Enterprise Set), Net 45 (USA Set)
  3. 1%/10 Net 30 (USA Set), Net 45 (USA Set)
  4. Net 30 (Enterprise Set), Net 45 (Enterprise Set)
Correct answer: D
Question 4
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?
  1. Use Web Services to integrate with an external system that can handle this requirement.
  2. Modify the Invoice Print Layout Bill Presentment Template.
  3. Extend the "Print Receivables Transactions" program.
  4. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
Correct answer: A
Question 5
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?
  1. BI Publisher
  2. Dashboard Builder
  3. BI Answers
  4. BI Composer
Correct answer: A
Question 6
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?
  1. Supporting References
  2. Description Rule
  3. Mapping Set
  4. Transaction References
Correct answer: A
Question 7
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
  1. 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.
  2. If you have printed a transaction, the View Print button will not display a preview of the print.
  3. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
  4. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
  5. 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.
Correct answer: ADE
Question 8
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?
  1. 10+Days Link
  2. 0-5 Days Link
  3. 0-10 Days Link
  4. 20+ Days Link
Correct answer: C
Question 9
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
  1. Pending Research
  2. Approval Required
  3. Pending Approval
  4. Forwarded for Approval
Correct answer: C
Question 10
A client rents equipment for special events. They have the following invoicing requirements:
invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?
  1. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
  2. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
  3. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
  4. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
Correct answer: A
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