Pass Oracle 1z0-1056-22 Exam Quickly With ExamcollectionPass [Q90-Q114]

4/5 - (2 votes)

Pass Oracle 1z0-1056-22 Exam Quickly With ExamcollectionPass

Prepare 1z0-1056-22 Question Answers – 1z0-1056-22 Exam Dumps

Oracle 1z0-1056-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage Automatic Receipts & Funds Capture Configure Revenue for Receivables
Topic 2	Report with Business Intelligence Publisher (BIP) Reporting for Account Receivables & Advanced Collections
Topic 3	Create & Process Bills Receivables Remittances Configure Integration with Other Applications
Topic 4	Manage the Auto-Invoice Process Processing Customer Payments Manage Transaction Printing
Topic 5	Report with Oracle Transactional Business Intelligence (OTBI) Configuring Common Receivables
Topic 6	Create & Process Receipt Exceptions Manage Account Receivables Reconciliation
Topic 7	Create and Process Transactions Configure Receivables Using Rapid Implementation
Topic 8	Designing and Using Scoring Strategies Configuring and Using Advanced Collections
Topic 9	Manage Transaction types, Transaction sources, Items and Memo lines Configure Sub Ledger Accounting

NEW QUESTION 90
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.)

Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.

Customer Japan can pay its own transactions.

Customer USA can pay for Customer West and its own transactions.

Customer Japan can pay for Customer West, Customer USA, and its own transactions.

Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.

NEW QUESTION 91
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)

NEW QUESTION 92
Identify the receivables system option that relates to customers.

Reciprocal Customer

Receipt Method

Default Country

Automatic Site Numbering

NEW QUESTION 93
The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

receipt reversal

clearing payment information

credit reversal

debit memo reversal

change of instrument

NEW QUESTION 94
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?

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Receivables”/Task: “Manage Business Unit Set Assignment”

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Legal Structures”/Task: “Manage Business Unit Set Assignment”

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Financial Reporting Structures”/Task: “Manage Business Unit Set Assignment”

Setup and Maintenance/Setup Dropdown: “Financials”/Functional Area: “Organization Structures”/Task: “Manage Business Unit Set Assignment”

NEW QUESTION 95
Which configuration task needs to be completed before you can create Bills Receivables for a customer?

Define approval limits.

Define standard memo lines.

Define revenue scheduling rules.

Define drawee site.

NEW QUESTION 96
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.

NEW QUESTION 97
What is the impact on transactions of changing the billing cycle for a customer or group of customers?

The billing cycle does not have any impact on new transactions.

Existing transactions with no activity retain the old billing cycle.

Existing transactions with activity adapt the new billing cycle.

New transactions after this change inherit the new billing cycle.

NEW QUESTION 98
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?

You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.

You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.

You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.

You can select only a Closed accounting period.

NEW QUESTION 99
After a customer bankruptcy is approved, what happens in the Collections application?

Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.

Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.

Collection activities are suspended and delinquent transactions appear in the Collections Work Area.

The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.

NEW QUESTION 100
Which two items are required for customer invoicing? (Choose two.)

Lockbox

Customers

Remit-to-address

Customer Profile Class

NEW QUESTION 101
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.

Create an Oracle Business Intelligence Applications (OBIA) Report.

Query each customer refund and verify the Refund Status.

Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).

NEW QUESTION 102
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.

The payable options and the receivable system options should have the same tax application options.

Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.

First enter a payable transaction to calculate tax and then enter the receivable transaction.

Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.

Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

NEW QUESTION 103
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 104
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.

an inactive Journal Line Type

an inactive Accounting Method

an inactive Mapping Set

an inactive Journal Entry Rule Set

NEW QUESTION 105
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)

drilldown to see reconciliation details and to make reconciling corrections

drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition

drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger

drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel

NEW QUESTION 106
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 two tools should you use to create this analysis? (Choose two.)

Report Builder

Visual Builder add on to Excel

Answers

BI Composer

NEW QUESTION 107
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 108
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

Pending My Research

Pending Approval From Managers

Pending Approval

Pending My Approval

Approved

NEW QUESTION 109
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

Use Web Services to integrate with an external system that can handle this requirement.

Modify the Invoice Print Layout Bill Presentment Template.

Enable the setting “Allow Change to Printed Transactions” in Receivables System Options.

Extend the “Print Receivables Transactions” program.

NEW QUESTION 110
Which two setups are required to create bills receivables? (Choose two.)

Statement cycles

Lockbox

Bills Receivable Matching Rules

Bills Receivable Receipt method

Customer account site with purpose of drawee

NEW QUESTION 111
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

NEW QUESTION 112
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 113
Identify two values that default from Customer Profile Classes. (Choose two.)

Business Purpose

Statement Cycle

Legal Entity

Tax

Payment Terms

NEW QUESTION 114
Which predefined dunning letter template is available in the Collections application

Regular, Medium, Hard, Difficult

Soft, Medium, Hard, Final

Regular, Medium, Hard, Easy

Soft, Regular, Medium, Hard

Real Oracle 1z0-1056-22 Exam Questions [Updated 2023]: https://www.examcollectionpass.com/Oracle/1z0-1056-22-practice-exam-dumps.html

Oracle 1z0-1056-22 Exam Syllabus Topics:

Leave a Reply Cancel reply