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NEW QUESTION # 48
Identify the dunning letter template set provided by an application.
- A. Regular, Medium, Hard
- B. Soft, Regular, Hard
- C. Final Demand, Soft, Medium
- D. Regular, Final Demand, Medium
Answer: C
NEW QUESTION # 49
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?
- A. Tasks assigned to the collector such as follow-up calls.
- B. List of broken payment promises.
- C. Summary of aged transactions.
- D. List of delinquent customers.
Answer: A
NEW QUESTION # 50
Manage Aging Methods
Scenario
Your organization needs to create their own a-bucket aging method for reporting purposes.
Task
Create a new 4-bucket Aging Method in the Collections application, where:
Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.) Aging method is accessible to all business units Aging buckets are 45 days apart Last bucket is 91 days
Answer:
Explanation:
See the explanation below for solution
Explanation:
Log in to Oracle Financials Cloud.
Click on the Aging Methods icon in the Receivables work area.
Click on the Create button.
In the Aging Method window, enter the following information:
Name:XXAging Method (Replace XX with your allocated user ID.)
Description:Custom aging method for reporting purposes.
Aging Buckets:
1:0 to 45 days
2:46 to 90 days
3:91 to 135 days
4:136 to 180 days
Last Bucket:181 days
Available to All Business Units:Yes
Click on the Save button.
The new aging method will be created.
NEW QUESTION # 51
What information does the Collector see in the Activities List area of the Collections Dashboard?
- A. customer search as per the parameter specified
- B. status of processing activities from the Process Monitor
- C. summary of aged transactions
- D. customer's profile for each assigned customer
- E. tasks assigned to the Collector, such as follow-up calls
Answer: E
NEW QUESTION # 52
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?
- A. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
- B. You can select only a Closed accounting period.
- C. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
- D. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
Answer: A
NEW QUESTION # 53
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 Recall.
- C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
- D. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
- E. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
Answer: B,E
NEW QUESTION # 54
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Profile tab
- B. Activity tab
- C. Correspondence tab
- D. Aging tab
Answer: A
NEW QUESTION # 55
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?
- A. Net 30 (Enterprise Set), Net 45 (Enterprise Set)
- B. 1%/10 Net 30 (USA Set), Net 45 (USA Set)
- C. Net 45 (Enterprise Set), Net 45 (USA Set)
- D. Net 30 (Enterprise Set), Net 45 (USA Set)
Answer: A
NEW QUESTION # 56
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
- A. Flat Rate
- B. Compound
- C. Average
- D. Simple
- E. Declining Balance
Answer: A,B,D
NEW QUESTION # 57
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A. Manage Receipt Remittance Batches
- B. Create Receipt Remittance Batch
- C. Correct Funds Transfer Errors
- D. Lockbox Transmission History
- E. Create Automatic Receipts
Answer: A,B,E
NEW QUESTION # 58
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Residual Allocation Method
- B. Two Step Allocation Method
- C. Inverted Allocation Method
- D. Alternative Allocation Method
- E. Relative Allocation Method
Answer: B
NEW QUESTION # 59
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. Managing credit memos
- B. Managing unapplied payments
- C. Making payments by using a credit card or the bank account
- D. Managing disputes
- E. Reviewing customer account balances
Answer: C
NEW QUESTION # 60
What are the three setup steps required to implement the Lockbox feature? (Choose three.)
- A. Receipt Sources
- B. credit card refunds
- C. Lockbox and Lockbox Transmission Formats
- D. Receipt Classes and Receipt Methods
- E. late charges
Answer: A,C,D
NEW QUESTION # 61
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
- A. Reject
- B. Approve
- C. Reassign
- D. Edit
- E. Request Information
Answer: C
NEW QUESTION # 62
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. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
- 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. 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.
Answer: B
NEW QUESTION # 63
Which flexfields does Autolnvoice require 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. and Link to transaction flexfield
- B. Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield
- C. Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield
- D. Line-level transaction flexfield and Header-level transaction flexfield
Answer: D
Explanation:
These are the two flexfields that AutoInvoice requires to identify transactions and transaction lines, if you load the interface using a customized form. They are used to group transaction lines into transactions and assign transaction attributes. Verified [How You Define AutoInvoice Grouping Rules - Oracle]
NEW QUESTION # 64
As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?
- A. Invoice will get created but accounting will not be created.
- B. Neither invoice nor accounting will be created.
- C. Invoice will be created and the system will use the AutoAccounting configuration to create accounting.
- D. It will return an error and the data will be stuck in the interface table.
Answer: C
Explanation:
This is what happens when you run accounting without populating the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. The system will use AutoAccounting to derive the accounting distribution based on your AutoAccounting rules. Verified [How You Import Transactions Using AutoInvoice - Oracle]
NEW QUESTION # 65
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
- A. Sites 1, 2, and 3 activities will be included in a single bill.
- B. Sites 1 and 3 activities will be included in a single bill.
- C. Sites 2 and 3 activities will be included in a single bill.
- D. Sites 1 and 2 activities will be included in a single bill.
Answer: D
NEW QUESTION # 66
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