Get New 2022 Valid Practice To your 1z0-1056-22 Exam (Updated 156 Questions) [Q78-Q99]

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Get New 2022 Valid Practice To your 1z0-1056-22 Exam (Updated 156 Questions)

Oracle Financials Cloud 1z0-1056-22 Exam Practice Test Questions Dumps Bundle!

Oracle 1z0-1056-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage Resources ,Salesperson, Sales credits and Salesperson account references Configure and Use Oracle Bill Management
Topic 2	Manage the Auto-Invoice Process Processing Customer Payments Manage Transaction Printing
Topic 3	Report with Business Intelligence Publisher (BIP) Reporting for Account Receivables & Advanced Collections
Topic 4	Designing and Using Scoring Strategies Configuring and Using Advanced Collections
Topic 5	Report with Oracle Transactional Business Intelligence (OTBI) Configuring Common Receivables
Topic 6	Create & Process Bills Receivables Remittances Configure Integration with Other Applications

NEW QUESTION 78
Which three benefits do intercompany reconciliation reports provide to an accountant?

Comparing receivables and payables account balances and identifying discrepancies.

Displaying intercompany receivables and payables balancing lines.

Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

Displaying clearing company balancing lines.

NEW QUESTION 79
You are explaining the benefits of using Bill Management as a self-service electronic bill presentment solution to an existing customer.
Which feature is not supported in Bill Management?

Making payments by using a credit card or the bank account

Managing unapplied payments

Managing credit memos

Reviewing customer account balances

Managing disputes

NEW QUESTION 80
A company’s policy is always to apply customer payments to debit and credit items, starting with the oldest due date.
Which function should you include in the default Auto-cash rule?

Clear the past due invoices grouped by payment terms

Clear the account

Match payment with Invoice

Apply to the oldest invoice first

Clear past due invoices

NEW QUESTION 81
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?

Customer Account Level

Transaction Source

Receivable System Option

Customer Site Level

Transaction Type

NEW QUESTION 82
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.)

Collectors

Standard Memo Lines

Revenue Types

Receivable Specialists

Revenue Contingencies

NEW QUESTION 83
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?

by using the Customer Import Interface work area

by using the correct Customer Payment Method spreadsheet

by using the correct Customer Data spreadsheet

by importing the correct data by using a new spreadsheet upload

NEW QUESTION 84
Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?

Set “Minimum Transaction Amount” to 3,000 and “Minimum entered Currency” to USD.

Set “Minimum Transaction Amount” to 2,999.99 and “Minimum Entered Currency” to ALL

Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.

Set “Minimum Invoice Amount” to 3,000 and “Invoice Currency” to USD in Payables Invoice Options and Receivables System Options.

NEW QUESTION 85
Which three receipts can be automatically applied by the “Apply Receipts Using AutoMatch” process?

Receipts that are manually created.

Miscellaneous receipts.

Receipts created from a lockbox and uploaded.

Receipts created in a spreadsheet and uploaded.

Receipts with unapplied amounts.

NEW QUESTION 86
What information does the Collector see in the Activities List area of the Collections Dashboard?

customer’s profile for each assigned customer

customer search as per the parameter specified

status of processing activities from the Process Monitor

tasks assigned to the Collector, such as follow-up calls

summary of aged transactions

NEW QUESTION 87
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

It is not recommended to print transactions and balance forward bills directly from BI Publisher.

If you have printed a transaction, the View Print button will not display a preview of the print.

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.

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.

Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

NEW QUESTION 88
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?

scheduled processes

system privileges

user application privileges

the employees who are involved with the collections process and how the collectors will be assigned

customer contact information

NEW QUESTION 89
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?

only after manual intervention

after 100 days

immediately

after 60 days

NEW QUESTION 90
Your Cloud client has decided to use Channel Revenue Management Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services.
Which three setup steps are predefined for this feature? (Choose three.)

predefined Channel Revenue Management auto accounting type

predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation

predefined Channel Revenue Management transaction type

predefined Channel Revenue Management transaction source

predefined Claim Investigation activity type under Receivables Activities

NEW QUESTION 91
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

The Transaction Summary Report shows only transactions with a status of received.

The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

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.

You need to submit the Extract Intercompany Reconciliation Data job.

NEW QUESTION 92
What are the three setup steps required to implement the Lockbox feature? (Choose three.)

Receipt Classes and Receipt Methods

late charges

Lockbox and Lockbox Transmission Formats

Receipt Sources

credit card refunds

NEW QUESTION 93
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.)

using the Incomplete Infotile

using the Manage AutoInvoice Lines task

using the Manage Transactions task

using the Import Exceptions Infotile

NEW QUESTION 94
What are the two places where Receivables can look for the “Match Receipts By” setting when applying manual customer receipts? (Choose two.)

Receipt Method

Profile option

Customer

AutoMatch Rule

System Options

NEW QUESTION 95
Which reporting tool is primarily used by users to create ad hoc analysis from real-time Receivables data?

Smart View

Oracle Transaction Business Intelligence

ADFdi Spreadsheets

XML Publisher

Financial Reporting Web Studio

NEW QUESTION 96
There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?

Disable Send Dunning Letter in Transaction Source Type.

Disable Send Dunning Letter on the Correspondence tab.

Disable Send Dunning Letter in Collections Preferences.

Disable Send Dunning Letter on the Profile tab.

Disable Send Dunning Letter in Transaction Type.

NEW QUESTION 97
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)

Payment schedules are created using the payment terms specified.

The invoice is sent for a dunning follow-up.

The invoice can now be printed.

The invoice is eligible for transfer to the General Ledger.

The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

NEW QUESTION 98
What validation step is required for implementing dispute processing?

The Recognize Revenue Program is scheduled.

BPM Work List for approval configuration is validated.

Periods for which the transaction can be disputed are Open.

All transactions are of the invoice type.

NEW QUESTION 99
Which two determinant types are used in reference data assignment? (Choose two.)

Business Unit