[Q50-Q71] Exam Questions and Answers for 1z0-1056-22 Study Guide Questions and Answers!

4/5 - (1 vote)

Exam Questions and Answers for 1z0-1056-22 Study Guide Questions and Answers!

Oracle Financials Cloud: Receivables 2022 Implementation Professional Certification Sample Questions and Practice Exam

Oracle 1z0-1056-22 is an Oracle Financials Cloud: Receivables 2022 Implementation Professional exam, designed for individuals who want to validate their skills and knowledge in implementing Oracle Financials Cloud: Receivables 2022. This certification exam is intended for professionals who have experience with Oracle Financials Cloud and want to demonstrate their ability to manage and implement Receivables 2022.

By passing the Oracle 1z0-1056-22 exam, candidates can demonstrate their expertise in Oracle Financials Cloud: Receivables 2022 Implementation. This certification can help professionals advance their careers, expand their skillsets, and increase their earning potential. Additionally, it can help organizations identify and hire qualified professionals who can effectively implement and manage financial solutions on the Oracle Cloud platform.

Q50. If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)

System Options

Receipt Class

Customer Site

Receipt Method

Customer Account

If transactions cannot be matched or transaction information is not available, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.

Q51. A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user’s approval limit.
What is the status of the adjustment?

Pending Approval

Forwarded for Approval

Pending Research

Approval Required

Q52. Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

Create a new reference data set for account addresses and assign it to the business units.

Assign a COMMON reference data set to the business units, which share the account addresses.

Assign an enterprise reference data set to the business units, which share the account addresses.

Create a separate reference data set for each business unit and assign it to each unit.

Q53. Which two statements are true regarding the Promise to Pay feature in the Collections application?

Mass promise to pay amounts automatically become partial payments.

You cannot cancel a promise made in error if it is before the promise due date.

Promise information is updated by scheduling the Promise Reconciliation process.

You can cancel a promise made in error if it is before the promise due date.

Q54. Where is the summary delinquency data displayed In the Collections Work Area?

Transactions Tab

History Tab

Profile Tab

Aging Tab

Q55. The Business Intelligence repository contains metadata that defines columns, which you can include in an analysis.
Which three types of columns are available when you create or edit an analysis? (Choose three.)

Hierarchy

Function

Fact

Attribute

Sum

Q56. 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.)

Taxes

Ship to site

Standard Lines

Transaction Types

Salesperson

Q57. Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

transactions that have the Print Option set to Do Not Print

transactions that have the selected payment terms

transactions have a Bill Type of Imported

transactions that were included in a previous Balance Forward Bill

Q58. A Cloud customer requires enhanced message content in transactions delivered using email.
Which three are supported in the body of the message? (Choose three.)

Insert logos.

Prevent use of Dynamic Tokens.

Increase the character limit to greater than 4000.

Insert hyperlinks.

Modify the fonts and font size.

Q59. You are utilizing the “Upload Customer From Spreadsheet” option. What information on the Customer Worksheet must be unique for each customer record?

Customer Number, Customer Account Number, Customer Site Number

Customer Name, Customer Billing Address, Customer Bank Account

Customer Name, Customer Account Number, Customer Site Number

Customer Number, Customer Billing Address, Customer Bank Account

Q60. 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

Q61. Which statement is true about AutoAccounting?

AutoAccounting is set up at the Legal Entity level.

IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.

AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.

You cannot override the default General Ledger accounts thatAutoAccounting creates.

Q62. Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

Enable “Allow override of calculated tax lines” within the tax configuration owner options for the receivable invoice event and grant the employee the “Tax Manager <Business Unit>” data role.

Enable the “Allow tax rate override” and “Allow manual tax lines” profiles at the user level, set, the value to Yes for the selected employee, and grant the “Tax Manager <Business Unit>” data role to the employee.

Enable “Allow override of calculated tax lines” within the tax configuration owner options for the receivable invoice event and set the “Transaction Tax Line Override” profile option to Yes for the selected employee.

Set the “Transaction Tax Line Override” profile option to Yes for the selected employee and assign the employee the “Tax Manager <Business Unit>” data role.

Enable “Allow override of calculated tax lines” within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

Q63. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

by Quote Number and time frame

by Source Document and time frame

by Item and time frame

by Customer and time frame

by Source Document Line andtime frame

Q64. Identify the receivables system option that relates to customers.

Reciprocal Customer

Receipt Method

Default Country

Automatic Site Numbering

Q65. What is required to register an external user to Bill Management?

a customer account contact with the responsibility types bill to and ship-to

a customer account contact with a valid mailing address

a customer account contact with a valid mobile number

a customer account contact with a valid email address

Q66. One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization’s bank account?

Clear Receipts Automatically Process

Remittance Process

Automatic Receipt Process

Lockbox Process

Q67. Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

Verify Customer Payments.

Assign a Collector to a delinquent customer.

View the Total Amount Due for delinquent customers.

Record an activity to create a task or tasks to follow up on a delinquent customer.

Update the work status of a work item for a delinquent customer.

Q68. 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

Q69. 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?

Net 45 (Enterprise Set), Net 45 (USA Set)

Net 30 (Enterprise Set), Net 45 (Enterprise Set)

Net 30 (Enterprise Set), Net 45 (USA Set)

1%/10 Net 30 (USA Set), Net 45 (USA Set)

Q70. You are investigating the Receivables to General Ledger Reconciliation Report and must explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report? (Choose two.)

Tax Variance

Intercompany Variance

Accounting Variance

Receivables Variance

Q71. Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.
When should the Debit Memo Reversal method be used to reverse a receipt?

You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.

You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.

You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.

You are reversing a Miscellaneous receipt.

Loading …

1z0-1056-22 certification dumps – Oracle Financials Cloud 1z0-1056-22 guides – 100% valid: https://www.braindumpstudy.com/1z0-1056-22_braindumps.html