Continue to update the Oracle ERP 1Z0-1056-21 exam dumps and online practice

oracle 1z0-1056-21 exam updated

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QUESTION 1

Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)

A. drilldown to see reconciliation details and to make reconciling corrections
B. drilldown on the difference amounts to see specific reconciling items and the potential cause of the outof-balance
condition
C. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
D. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
E. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually
downloading to Excel

QUESTION 2

You are utilizing the “Upload Customer From Spreadsheet” option. What information on the Customer Worksheet must
be unique for each customer record?

A. Customer Number, Customer Account Number, Customer Site Number
B. Customer Name, Customer Billing Address, Customer Bank Account
C. Customer Name, Customer Account Number, Customer Site Number
D. Customer Number, Customer Billing Address, Customer Bank Account

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?

A. Net 45 (Enterprise Set), Net 45 (USA Set)
B. Net 30 (Enterprise Set), Net 45 (Enterprise Set)
C. Net 30 (Enterprise Set), Net 45 (USA Set)
D. 1%/10 Net 30 (USA Set), Net 45 (USA Set)

QUESTION 4

How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a
Collector.
B. Only a Collections Administrator can modify the strategy.
C. The Collector can modify the strategy from the Profile > Strategies tab.
D. The strategy can be modified from the Manage Customers page.

QUESTION 5

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 2 activities will be included in a single bill.
D. Sites 1 and 3 activities will be included in a single bill.

QUESTION 6

Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

A. Use Web Services to integrate with an external system that can handle this requirement.
B. Modify the Invoice Print Layout Bill Presentment Template.
C. Enable the setting “Allow Change to Printed Transactions” in Receivables System Options.
D. Extend the “Print Receivables Transactions” program.

QUESTION 7

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 the primary 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.

QUESTION 8

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
D. manually by using Chargeback Reversal activities
E. manually by using Adjustment Reversal activities

When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting
adjustments using the Adjustment Reversal and Chargeback Reversal activities.

QUESTION 9

Which role provides access to Receivables ?Revenue Adjustments Real Time OTBI Subject area?

A. Revenue Manager
B. Accounts Receivable Manager
C. Accounts Receivable Specialist
D. Billing Specialist

QUESTION 10

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.
B. an inactive Journal Line Type
C. an inactive Accounting Method
D. an inactive Mapping Set
E. an inactive Journal Entry Rule Set

QUESTION 11

Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

A. Verify Customer Payments.
B. Assign a Collector to a delinquent customer.
C. View the Total Amount Due for delinquent customers.
D. Record an activity to create a task or tasks to follow up on a delinquent customer.
E. Update the work status of a work item for a delinquent customer.

QUESTION 12

Identify two late charge interest calculation methods. (Choose two.)

A. Previous Balance
B. Adjusted Balance
C. Overdue Transactions only
D. Average Daily Balance

QUESTION 13

Identify two credit memo options. (Choose two.)

A. Tax only
B. Advance
C. Paid freight
D. Invoice lines
E. Paid amount only

Verify answer:

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