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[Mar-2022] 1Z0-1056-21 Certification with Actual Questions from SurePassExams
Oracle 1Z0-1056-21 Exam Syllabus Topics:
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NEW QUESTION 35
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.)
- A. Receipt Class
- B. Receipt Method
- C. Customer Account
- D. Customer Site
- E. System Options
Answer: B,C,D
Explanation:
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.
References:
NEW QUESTION 36
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- B. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
- C. Customer Japan can pay its own transactions.
- D. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
- E. Customer USA can pay for Customer West and its own transactions.
Answer: A,C,E
NEW QUESTION 37
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?
- A. Description Rule
- B. Transaction References
- C. Supporting References
- D. Mapping Set
Answer: C
Explanation:
References:
NEW QUESTION 38
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
Answer: C
Explanation:
References:
NEW QUESTION 39
Identify two values that default from Customer Profile Classes. (Choose two.)
- A. Business Purpose
- B. Tax
- C. Statement Cycle
- D. Payment Terms
- E. Legal Entity
Answer: B,D
NEW QUESTION 40
Which two determinant types are used in reference data assignment? (Choose two.)
- A. Business Unit
- B. Project unit
- C. Project Segment
- D. Account Segment
Answer: A,B
Explanation:
References:
NEW QUESTION 41
Given the default system options:
Which two instances are you required to select for the - require salesperson flag? (Choose two.)
- A. Revenue accounting is required
- B. Sales credit tracking is required
- C. FBDI Loader is required
- D. Auto-Invoicing is required
Answer: A,B
NEW QUESTION 42
When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations?
(Choose three.)
- A. Liability-Accounts Payable
- B. Owner's equity
- C. Revenue- Revenue
- D. Asset - Remitted Receipts
- E. Liability- Unearned revenue
Answer: A,B,D
NEW QUESTION 43
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. View the Total Amount Due for delinquent customers.
- B. Verify Customer Payments.
- C. Assign a Collector to a delinquent customer.
- D. Update the work status of a work item for a delinquent customer.
- E. Record an activity to create a task or tasks to follow up on a delinquent customer.
Answer: C,D,E
NEW QUESTION 44
Which two statements are true about processing Receivables adjustments that impact tax amounts?
- A. Receivables can look at System Options and retrieve the tax rate code.
- B. Receivables can look at the adjustment activity and retrieve the tax rate code.
- C. Receivables can look at invoice and retrieve the tax rate code.
- D. There is no need to retrieve the tax rate code.
Answer: A,C
NEW QUESTION 45
To determine the best approach to converting a client's data, you must know which setups are Reference: Data Set enabled and can be shared.
Which three are Reference: Data Set enabled setups in Receivables? (Choose three.)
- A. Customer Account Sites
- B. Revenue Transactions
- C. Standard Memo Lines
- D. Revenue Contingencies
- E. Receivables Activities
Answer: B,C,D
NEW QUESTION 46
You entered an invoice of $12500 in the receivable and created a receipt with the amount $15000 received from the customer.
How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?
- A. Invoice balance is displayed as -2500.
- B. Invoice balance is displayed as 0 and Miscellaneous receipt is created with 2500.
- C. Invoice balance is displayed as 0.
- D. Invoice balance is played as 0 and On account receipt is created with 2500.
Answer: A
NEW QUESTION 47
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
- A. Approve
- B. Edit
- C. Request Information
- D. Reject
- E. Reassign
Answer: E
NEW QUESTION 48
Which two statements are true about configuring Collection Strategies?
- A. You need to create Strategy Tasks of the type "Automatic" only.
- B. You need to create Scoring Formulae (or use predefined Scoring Formulas).
- C. You need to define an Aging Method that meets the requirements of your organization.
- D. You need to SGI the (Collections Method to Strategies for the relevant business unit.
Answer: A,B
NEW QUESTION 49
You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)
- A. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
- B. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
- C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
- D. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
- E. The customer does not have the default strategy and default collector assigned at the customer account and site level.
- F. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
Answer: B,C
NEW QUESTION 50
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
- A. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- B. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
- C. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- D. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- E. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
Answer: B
NEW QUESTION 51
Which reporting tool is primarily used by users to create ad hoc analysis from real-time Receivables data?
- A. Financial Reporting Web Studio
- B. ADFdi Spreadsheets
- C. Oracle Transaction Business Intelligence
- D. Smart View
- E. XML Publisher
Answer: C
NEW QUESTION 52
Identify two late charge interest calculation methods. (Choose two.)
- A. Average Daily Balance
- B. Adjusted Balance
- C. Previous Balance
- D. Overdue Transactions only
Answer: A,D
Explanation:
References:
NEW QUESTION 53
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?
- A. Create a new reference data set for account addresses and assign it to the business units.
- B. Assign a COMMON reference data set to the business units, which share the account addresses.
- C. Create a separate reference data set for each business unit and assign it to each unit.
- D. Assign an enterprise reference data set to the business units, which share the account addresses.
Answer: B
Explanation:
References:
NEW QUESTION 54
Identify the dunning letter template set provided by an application.
- A. Regular, Final Demand, Medium
- B. Final Demand, Soft, Medium
- C. Soft, Regular, Hard
- D. Regular, Medium, Hard
Answer: B
NEW QUESTION 55
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 Account Profile, system options, Customer Site Profile
- C. Transaction Source, Customer Account Profile, Customer Site Profile, system options
- D. Transaction Source, Customer Site Profile, Customer Account Profile, system options
Answer: D
Explanation:
References:
NEW QUESTION 56
Identify two credit memo options. (Choose two.)
- A. Invoice lines
- B. Paid amount only
- C. Paid freight
- D. Tax only
- E. Advance
Answer: A,D
NEW QUESTION 57
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?
- A. BI Answers
- B. BI Publisher
- C. BI Composer
- D. Dashboard Builder
Answer: B
NEW QUESTION 58
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