100% Guaranteed Results 1z0-1056-22 Unlimited 156 Questions [2022]
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NEW QUESTION 88
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Residual Allocation Method
- B. Relative Allocation Method
- C. Alternative Allocation Method
- D. Two Step Allocation Method
- E. Inverted Allocation Method
Answer: D
NEW QUESTION 89
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?
- A. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
- B. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.
- C. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
- D. You must plan your Implementation Project carefully because you cannot delete it or make changes later.
- E. The Implementation Project is preconfigured and cannot be deleted or changed.
Answer: B
NEW QUESTION 90
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.
- A. Customer Site
- B. AutoMatch Rule Sets
- C. AutoCash Rules
- D. Aging Methods
- E. Revenue Scheduling Rules
Answer: A
NEW QUESTION 91
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
- A. Flat Rate
- B. Compound
- C. Declining Balance
- D. Average
- E. Simple
Answer: A,B,E
NEW QUESTION 92
Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)
- A. Deposit
- B. Guarantee
- C. Credit Memo
- D. Debit Memo
- E. Charge Back
Answer: A,B,D
NEW QUESTION 93
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 a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- 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 different values for that attribute
- D. by defining an exclusion rule to exclude customer classes that are "Retail"
- E. by defining a grouping rule on the customer class
Answer: C
NEW QUESTION 94
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
- A. The Collector can modify the strategy from the Profile > Strategies tab.
- B. Only a Collections Administrator can modify the strategy.
- C. The strategy can be modified from the Manage Customers page.
- D. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
Answer: D
NEW QUESTION 95
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
- A. Existing transactions with no activity retain the old billing cycle.
- B. The billing cycle does not have any impact on new transactions.
- C. Existing transactions with activity adapt the new billing cycle.
- D. New transactions after this change inherit the new billing cycle.
Answer: D
NEW QUESTION 96
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?
- A. Intercompany invoicing must be enabled in Receivables System Options.
- B. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
- C. Intercompany invoicing must be enabled in Payables Invoice Options.
- D. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
Answer: D
NEW QUESTION 97
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?
- A. 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.
- B. You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
- C. You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.
- D. You are reversing a Miscellaneous receipt.
Answer: A
NEW QUESTION 98
A company's policy is always to apply customer payments to debit and credit items, starting with the oldest due date.
Which function should you include in the default Auto-cash rule?
- A. Clear past due invoices
- B. Apply to the oldest invoice first
- C. Clear the account
- D. Clear the past due invoices grouped by payment terms
- E. Match payment with Invoice
Answer: B
NEW QUESTION 99
What validation step is required for implementing dispute processing?
- A. BPM Work List for approval configuration is validated.
- B. All transactions are of the invoice type.
- C. Periods for which the transaction can be disputed are Open.
- D. The Recognize Revenue Program is scheduled.
Answer: A
NEW QUESTION 100
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?
- A. 20+ Days Link
- B. 0-5 Days Link
- C. 10+Days Link
- D. 0-10 Days Link
Answer: D
NEW QUESTION 101
As a consultant, you have built the following Scoring model in Advanced Collections:
If a customer has 10 past due transactions and an amount overdue of $125, what is the calculated score?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: B
NEW QUESTION 102
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?
- A. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
- B. manually by using Chargeback Reversal activities
- C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
- D. manually by using Adjustment Reversal activities
- E. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
Answer: C
Explanation:
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.
NEW QUESTION 103
What information does the Collector see in the Activities List area of the Collections Dashboard?
- A. customer search as per the parameter specified
- B. customer's profile for each assigned customer
- C. status of processing activities from the Process Monitor
- D. tasks assigned to the Collector, such as follow-up calls
- E. summary of aged transactions
Answer: D
NEW QUESTION 104
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. Period end rate
- B. Daily Revenue rate - Partial Periods
- C. Fixed Rate
- D. Daily Revenue Rate - All periods
- E. Variable rate
Answer: D
NEW QUESTION 105
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 have a Bill Type of Imported
- C. transactions that have the selected payment terms
- D. transactions that were included in a previous Balance Forward Bill
Answer: C
NEW QUESTION 106
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 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.
- B. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
- C. The customer does not have the default strategy and default collector assigned at the customer account and site level.
- D. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
- E. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
- F. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
Answer: A,B
NEW QUESTION 107
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