| Exam Code | 1z0-1056 |
| Exam Name | Oracle Financials Cloud: Receivables 2022 Implementation Professional |
| Questions | 152 Questions Answers With Explanation |
| Update Date | November 08,2024 |
| Price |
Was : |
Are you ready to take your career to the next level with Oracle Financials Cloud: Receivables 2022 Implementation Professional? At Prep4Certs, we're dedicated to helping you achieve your goals by providing high-quality 1z0-1056 Dumps and resources for a wide range of certification exams.
At Prep4Certs, we're committed to your success in the Oracle 1z0-1056 exam. Our comprehensive study materials and resources are designed to equip you with the knowledge and skills needed to ace the exam with confidence:
Start Your Certification Journey Today
Whether you're looking to advance your career, expand your skill set, or pursue new opportunities, Prep4Certs is here to support you on your certification journey. Explore our comprehensive study materials, take your exam preparation to the next level, and unlock new possibilities for professional growth and success.
Ready to achieve your certification goals? Begin your journey with Prep4Certs today!
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?
A. the extended SSP amounts for all performance obligations in the customer contract
B. the SSP amounts for all performance obligations in the customer contract
C. the selling price for all performance obligations in the customer contract
D. the allocated amount for all performance obligations in the customer contract
E. the billing amount for all performance obligations in the customer contract
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?
A. Making payments by using a credit card or the bank account
B. Managing unapplied payments
C. Managing credit memos
D. Reviewing customer account balances
E. Managing disputes
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
A. transactions that have the Print Option set to Do Not Print
B. transactions that have the selected payment terms
C. transactions have a Bill Type of Imported
D. transactions that were included in a previous Balance Forward Bill
A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.How can you meet this requirement?
A. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as
Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being
the Event Date.
B. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as
Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event
Date.
C. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event
as Payment.
D. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as
Milestone Billing, and Optional Removal Event as Fulfillment Date.
You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.What are the navigational steps needed to accomplish this task?
A. Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Receivables”/Task: “Manage Business Unit Set Assignment”
B. Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Legal Structures”/Task: “Manage Business Unit Set Assignment”
C. Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Financial Reporting Structures”/Task: “Manage Business Unit Set Assignment”
D. Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Organization Structures”/Task: “Manage Business Unit Set Assignment”
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?
A. by using the Customer Import Interface work area
B. by using the correct Customer Payment Method spreadsheet
C. by using the correct Customer Data spreadsheet
D. by importing the correct data by using a new spreadsheet upload
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?
A. Clear Receipts Automatically Process
B. Remittance Process
C. Automatic Receipt Process
D. Lockbox Process
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. Select the Enable OAGIS 10.1 XML Format Check Box
B. Set Preferred Delivery Method to XML
C. Set Preferred Delivery Methods to Email
D. Set Preferred Contact Method to XML
E. Select the Enable XML Invoicing Check Box for Relevant Transaction Classes
If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?
A. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts
UI.
B. Delete the source data that was imported into Revenue Management and import new source data.
C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer
contracts program again
D. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority
Contract Identification Rule, and run the Identify Customer Contracts program again.
E. Delete Contracts from the Manage Customer Contracts UI.
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.Which actions are true? (Choose two.)
A. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to
Protested.
B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to
Hold.
C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to
Recall.
D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to
Pending Remittance.
E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to
Unpaid.
