1z0-1056-22 by Oracle Valid Free Exam Practice Test

Question 1

Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?

A. Revenue Manager B. Accounts Receivable Manager C. Billing Specialist D. Accounts Receivable Specialist

Correct Answer: D

Question 2

Given the default system options:

Which two instances are you required to select for the - require salesperson flag? (Choose two.)

A. Auto-Invoicing is required B. Sales credit tracking is required C. FBDI Loader is required D. Revenue accounting is required

Correct Answer: B,D

Question 3

If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choose two.)

A. Applied, if the Customer Account Number or MICR number is provided B. Unapplied, if the Customer Account Number or MICR number is provided C. Unidentified, if the Customer Account Number or MICR is not provided and there are no successful matching recommendations D. On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations

Correct Answer: B,C

Question 4

Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee. B. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee. C. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role. D. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role. E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.

Correct Answer: C

Question 5

Which four output file types are available when you run the "Print Receivables Transactions" program?

A. Zipped PDFs B. PDF C. HTML D. Excel E. Word F. JPG

Correct Answer: A,B,C,D

Question 6

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. Mapping Set B. Description Rule C. Transaction References D. Supporting References

Correct Answer: D

Question 7

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- Unearned revenue B. Asset - Remitted Receipts C. Owner's equity D. Liability-Accounts Payable E. Revenue- Revenue

Correct Answer: B,C,D

Question 8

Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?

A. Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel. B. Search in the Payables "Manage Payments" page, then export results to Excel. C. Run the predefined Transaction Details Report. D. Create an Oracle Transactional Business Intelligence (OTBI) analysis.

Correct Answer: D

Question 9

When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?

A. One per site per due date B. One per Customer C. One per invoice D. One per Customer per due date

Correct Answer: C

Question 10

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. 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. B. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information. C. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable. D. The program allows table hierarchies for customer bank accounts, but not for other customer information. E. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

Correct Answer: B

Oracle Financials Cloud: Receivables 2022 Implementation Professional - 1z0-1056-22 Exam Practice Test