[Nov 11, 2022] Oracle Dumps - Learn How To Deal With The (1z0-1056-22) Exam Anxiety
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NEW QUESTION 20
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
- A. Pending Approval
- B. Forwarded for Approval
- C. Approval Required
- D. Pending Research
Answer: A
NEW QUESTION 21
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)
- A. 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.
- B. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
- C. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
- D. You need to submit the Extract Intercompany Reconciliation Data job.
- E. The Transaction Summary Report shows only transactions with a status of received.
Answer: A,B
NEW QUESTION 22
The Multifund Accounting feature supports detailed distributions for invoices with revenue recognition rules. For a customer invoice with the distributions below:
Which unearned revenue accounting entries will the feature generate?
- A. Credits of $900 and $500 for companies 01 and 02 respectively
- B. Credit of $900 and debit of $500 for companies 01 and 02 respectively
- C. Debits of $900 and $500 for companies 01 and 02 respectively
- D. Credits of $900 and $600 for companies 01 and 02 respectively
- E. Debit of $900 and credit of $500 for companies 01 and 02 respectively
Answer: E
NEW QUESTION 23
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. by defining an exclusion rule to exclude customer classes that are "Retail"
- B. by defining an item group and assigning that to the rule
- C. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- D. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- E. by defining a grouping rule on the customer class
Answer: D
NEW QUESTION 24
Which three receipts types can be reversed in the Cloud? (Choose three.)
- A. Credit card chargebacks posted to GL
- B. Invoice-related receipts
- C. Receipts applied to open receipts
- D. Receipts that are archived
- E. Miscellaneous receipts
Answer: A,B,E
NEW QUESTION 25
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. Extend the "Print Receivables Transactions" program.
- D. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
Answer: A
NEW QUESTION 26
Which statement is true about Balance Forward Billing?
- A. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
- B. Balance Forward Bills can be created for a future date.
- C. Balance Forward Bills must be enabled at each bill-to-site level.
- D. Transactions included on a Balance Forward Bill can be updated.
Answer: C
NEW QUESTION 27
You are configuring tax for Receivables to cash transactions.
Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)
- A. Point of acceptance party
- B. Bill-to party
- C. Point of origin party
- D. Ship-from party
- E. Ship-to party
Answer: C,D
NEW QUESTION 28
A Cloud customer requires enhanced message content in transactions delivered using email.
Which three are supported in the body of the message? (Choose three.)
- A. Modify the fonts and font size.
- B. Increase the character limit to greater than 4000.
- C. Insert hyperlinks.
- D. Prevent use of Dynamic Tokens.
- E. Insert logos.
Answer: A,C,E
NEW QUESTION 29
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 and 3 activities will be included in a single bill.
- B. Sites 1, 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 2 and 3 activities will be included in a single bill.
Answer: C
NEW QUESTION 30
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.
- A. an inactive Accounting Method
- B. an inactive Journal Line Type
- C. an inactive Mapping Set
- D. an inactive Journal Entry Rule Set
Answer: C
NEW QUESTION 31
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.
- A. Earned revenue will be credited for $50 USD.
- B. Unearned revenue will be credited for $100 USD.
- C. Earned revenue will be debited for $50 USD.
- D. Unearned revenue will be debited for $50 USD.
Answer: A
NEW QUESTION 32
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?
- A. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- B. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
- C. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- D. The program allows table hierarchies for customer bank accounts, but not for other customer information.
- E. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
Answer: C
NEW QUESTION 33
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
- A. lead days
- B. recall days
- C. short-term debt clearing days
- D. clearing days
- E. risk elimination days
- F. collection days
Answer: C
NEW QUESTION 34
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
- A. Applying a customer payment in the Aging Tab.
- B. Changing the collector in the Profile Tab.
- C. Processing a payment promise in the Transactions Tab.
- D. Creating a credit memo in the Transactions Tab.
- E. Adding new customer contacts in the Contacts tab.
Answer: B,C,E
NEW QUESTION 35
What is the order used to group transaction lines during the AutoInvoice Import process?
- A. System options, Customer Site Profile, Transaction Source, Customer Account Profile
- B. Transaction Source, Customer Site Profile, Customer Account Profile, system options
- C. Transaction Source, Customer Account Profile, system options, Customer Site Profile
- D. Transaction Source, Customer Account Profile, Customer Site Profile, system options
Answer: B
NEW QUESTION 36
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
- A. Flat Rate
- B. Simple
- C. Compound
- D. Declining Balance
- E. Average
Answer: A,B,C
NEW QUESTION 37
Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?
- A. Set Preferred Contact Method to XML
- B. Set Preferred Delivery Methods to Email
- C. Select the Enable XML Invoicing Check Box for Relevant Transaction Classes
- D. Select the Enable OAGIS 10.1 XML Format Check Box
- E. Set Preferred Delivery Method to XML
Answer: A,C
NEW QUESTION 38
When importing Receivable transactions into Fusion Receivables, the Autoinvoice log gives the error message "Error: Item validation org not set up for the BU." What action should you take to solve the issue?
- A. Set up Item validation organization in Receivables System Options.
- B. Set up Item validation organization in Inventory Org.
- C. Set up Item validation organization in Inventory Item.
- D. Validate the Item validation organization in inventory Org.
Answer: A
NEW QUESTION 39
A Cloud client has a requirement to process the most precise revenue recognition schedule.
Which revenue schedule would you use to achieve this requirement?
- A. Daily Revenue rate - Partial Periods
- B. Period end rate
- C. Daily Revenue Rate - All periods
- D. Fixed Rate
- E. Variable rate
Answer: C
NEW QUESTION 40
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?
- A. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
- B. You can select only a Closed accounting period.
- C. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
- D. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
Answer: D
NEW QUESTION 41
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.)
- A. predefined Channel Revenue Management transaction source
- B. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
- C. predefined Channel Revenue Management auto accounting type
- D. predefined Claim Investigation activity type under Receivables Activities
- E. predefined Channel Revenue Management transaction type
Answer: A,B,D
NEW QUESTION 42
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