1Z0-1056-21 PDF Exam Material 2021 Realistic 1Z0-1056-21 Dumps Questions
Updated Oracle 1Z0-1056-21 Dumps – PDF & Online Engine
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NEW QUESTION 50
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
- A. List of broken payment promises.
- B. List of delinquent customers.
- C. Summary of aged transactions.
- D. Tasks assigned to the collector such as follow-up calls.
Answer: D
NEW QUESTION 51
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 Miscellaneous receipt.
- B. 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.
- C. You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
- D. You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.
Answer: B
NEW QUESTION 52
Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?
- A. Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield
- B. Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield
- C. Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield
- D. Line-level transaction flexfield, Header-level transaction flexfield
Answer: A
NEW QUESTION 53
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?
- A. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
- 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. Intercompany invoicing must be enabled in Receivables System Options.
Answer: A
NEW QUESTION 54
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. System Options
- B. Receipt Method
- C. Customer Site
- D. Receipt Class
- E. Customer Account
Answer: B,C,E
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 55
Which two statements are true regarding the Promise to Pay feature in the Collections application?
- A. Mass promise to pay amounts automatically become partial payments.
- B. You cannot cancel a promise made in error if it is before the promise due date.
- C. Promise information is updated by scheduling the Promise Reconciliation process.
- D. You can cancel a promise made in error if it is before the promise due date.
Answer: A
NEW QUESTION 56
Which configuration task needs to be completed before you can create Bills Receivables for a customer?
- A. Define approval limits.
- B. Define revenue scheduling rules.
- C. Define drawee site.
- D. Define standard memo lines.
Answer: A
NEW QUESTION 57
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
- A. The payable options and the receivable system options should have the same tax application options.
- B. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
- C. First enter a payable transaction to calculate tax and then enter the receivable transaction.
- D. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
- E. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
- F. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
Answer: A,E
NEW QUESTION 58
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. 0-10 Days Link
- C. 10+Days Link
- D. 0-5 Days Link
Answer: B
NEW QUESTION 59
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
- A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
- B. The strategy can be modified from the Manage Customers page.
- C. Only a Collections Administrator can modify the strategy.
- D. The Collector can modify the strategy from the Profile > Strategies tab.
Answer: A
NEW QUESTION 60
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
- A. Receipt Creation Duty
- B. Import Payables Invoices Duty
- C. Trading Community Hierarchy Management Duty
- D. Payment Settlement Management Duty
Answer: B,D
Explanation:
References:
NEW QUESTION 61
You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.
How would you achieve this?
- A. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
- B. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
- C. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
- D. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
- E. Set the payment terms revenue recognition policy to look for Line First and Tax Later.
Answer: D
Explanation:
References:
NEW QUESTION 62
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 importing the correct data by using a new spreadsheet upload
- B. by using the correct Customer Payment Method spreadsheet
- C. by using the correct Customer Data spreadsheet
- D. by using the Customer Import Interface work area
Answer: B
NEW QUESTION 63
A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.
After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)
- A. Account Number or Party Number
- B. Data Point Description
- C. Data Point Lookup
- D. Currency code
- E. Data Point ID
Answer: A,D,E
NEW QUESTION 64
When using lockbox to process customer payments, which two tables are used in the upload? (Choose two.)
- A. AR_INTERFACE_INTERIM_LINES_ALL
- B. AR_PAYMENTS_INTERFACE_ALL
- C. AR_INTERIM_CASH_RECEIPTS_ALL
- D. RA_INTERFACE_PAYMENTS_ALL
Answer: B,C
NEW QUESTION 65
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