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NEW QUESTION # 75
it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.
Which two steps will help achieve this?
- A. Define a netting agreement between the two customer accounts.
- B. Select the Allow payment of unrelated transactions Receivables System Option.
- C. Define a business purpose of invoice to each customer address.
- D. Define and share a cash pool bank account between the customers.
- E. Define a relationship between the two customer accounts.
Answer: B,E
Explanation:
These are the two steps that will help achieve this requirement. The Allow payment of unrelated transactions Receivables System Option enables one customer to pay for another customer's transaction using lockbox. The relationship between the two customer accounts defines how payments are applied across different customers. Verified [How You Process Lockbox Receipts - Oracle]
NEW QUESTION # 76
Identify two credit memo options. (Choose two.)
- A. Advance
- B. Paid amount only
- C. Paid freight
- D. Invoice lines
- E. Tax only
Answer: D,E
NEW QUESTION # 77
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.
- A. Unearned revenue will be credited for $100 USD.
- B. Earned revenue will be debited for $50 USD.
- C. Unearned revenue will be debited for $50 US
- D. Earned revenue will be credited for $50 USD.
Answer: D
NEW QUESTION # 78
Your customer receives their invoices via the XML delivery method. They want to receive billing transactions for specific sites only. Now you have been tasked with creating a very focused delivery method of XML transactions for this customer site that should be receiving the invoice.
To define this setup, you must add a new lookup code to the AR Features lookup type in the Manage Receivables Lookups task. Which lookup code would you use?
- A. AR_CUSTOMER.DELIVERY
- B. AR_XML.DELIVERY.METHOD
- C. AR_XML_INVOICE_ENHANCED
- D. AR_NTERFACE.XML
- E. AR.INVOICE.XML.ENHANCED
Answer: B
Explanation:
This lookup code is used to define the XML delivery method for a customer site. You can specify the XML delivery method in the customer profile or in the transaction source. Verified [Overview of Oracle Receivables - Oracle]
NEW QUESTION # 79
Which two determinant types are used in reference data assignment? (Choose two.)
- A. Project Segment
- B. Project unit
- C. Account Segment
- D. Business Unit
Answer: B,D
NEW QUESTION # 80
Which configuration step is required for processing Collections disputes?
- A. Define Aging Method to be used with disputed transactions.
- B. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
- C. Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
- D. Define Dispute Thresholds in Collections Preferences.
Answer: D
NEW QUESTION # 81
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.)
- A. Pending My Approval
- B. Pending My Research
- C. Pending Approval From Managers
- D. Pending Approval
- E. Approved
Answer: A,B
NEW QUESTION # 82
Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?
- A. Miscellaneous receipts.
- B. Receipts that are manually created.
- C. Receipts with unapplied amounts.
- D. Receipts created in a spreadsheet and uploaded.
- E. Receipts created from a lockbox and uploaded.
Answer: B,D,E
NEW QUESTION # 83
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
- A. Approval Required
- B. Pending Approval
- C. Pending Research
- D. Forwarded for Approval
Answer: B
NEW QUESTION # 84
Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?
- A. Billing Specialist
- B. Revenue Manager
- C. Accounts Receivable Specialist
- D. Accounts Receivable Manager
Answer: C
NEW QUESTION # 85
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. automatic receipt
- B. manual receipt
- C. AutoLockbox receipt
- D. quick cash receipt
- E. miscellaneous receipt
Answer: A
NEW QUESTION # 86
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)
- A. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
- B. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
- C. drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
- D. drilldown to see reconciliation details and to make reconciling corrections
- E. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
Answer: A,C,E
NEW QUESTION # 87
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. Customer Account
- B. Customer Site
- C. Receipt Method
- D. Receipt Class
- E. System Options
Answer: A,B,C
NEW QUESTION # 88
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. 0-5 Days Link
- B. 20+ Days Link
- C. 10+Days Link
- D. 0-10 Days Link
Answer: D
NEW QUESTION # 89
What validation step is required for implementing dispute processing?
- A. All transactions are of the invoice type.
- B. The Recognize Revenue Program is scheduled.
- C. Periods for which the transaction can be disputed are Open.
- D. BPM Work List for approval configuration is validated.
Answer: D
NEW QUESTION # 90
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
- A. The strategy can be modified from the Manage Customers page.
- B. Only a Collections Administrator can modify the strategy.
- C. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
- D. The Collector can modify the strategy from the Profile > Strategies tab.
Answer: C
NEW QUESTION # 91
In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?
- A. DaysLate
- B. Not Applicable
- C. Days Early
- D. Time
Answer: A
Explanation:
This is the condition that must be set for the transaction level when defining a new strategy task by transaction type. DaysLate is the number of days that a transaction is past due. You can use this condition to execute strategies based on how overdue a transaction is. Verified [How You Define Strategy Tasks by Transaction Type - Oracle]
NEW QUESTION # 92
You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
- A. Cash Managers can create and manage bank accounts for only those business units to which they are given access.
- B. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
- C. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
- D. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
Answer: D
Explanation:
This is the true statement about the restrictions applied to the setup. Cash Managers can access bank accounts based on their legal entity access privileges. They can create and manage bank accounts for only those legal entities that they are authorized to access. Verified [How You Manage Bank Accounts - Oracle]
NEW QUESTION # 93
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 unapplied payments
- B. Managing disputes
- C. Reviewing customer account balances
- D. Managing credit memos
- E. Making payments by using a credit card or the bank account
Answer: E
NEW QUESTION # 94
What is the order used to group transaction lines during the AutoInvoice Import process?
- A. System options, Customer Site Profile, Transaction Source, Customer Account Profile
- B. Transaction Source, Customer Site Profile, Customer Account Profile, system options
- C. Transaction Source, Customer Account Profile, system options, Customer Site Profile
- D. Transaction Source, Customer Account Profile, Customer Site Profile, system options
Answer: B
NEW QUESTION # 95
Which two statements are true regarding the Promise to Pay feature in the Collections application?
- A. You can cancel a promise made in error if it is before the promise due date.
- B. You cannot cancel a promise made in error if it is before the promise due date.
- C. Mass promise to pay amounts automatically become partial payments.
- D. Promise information is updated by scheduling the Promise Reconciliation process.
Answer: C
NEW QUESTION # 96
After a customer bankruptcy is approved, what happens in the Collections application?
- A. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
- B. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
- C. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
- D. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
Answer: A
NEW QUESTION # 97
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
- A. Reassign
- B. Approve
- C. Edit
- D. Request Information
- E. Reject
Answer: A
NEW QUESTION # 98
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?
- A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
- B. Create an Oracle Business Intelligence Applications (OBIA) Report.
- C. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
- D. Query each customer refund and verify the Refund Status.
Answer: C
NEW QUESTION # 99
When you run Auto lnvoice. the process may generate a list of records that fail validation.
Using which two methods/features, can you display the Auto lnvoice errors in an Excel workbook?
- A. The Manage Auto lnvoice Lines task
- B. The Incomplete Infotile
- C. The Manage Transactions task
- D. The Import Exceptions Infotile
Answer: A,D
Explanation:
To display the Auto Invoice errors in an Excel workbook, you can use either of these methods/features:
The Import Exceptions Infotile in the Billing work area, which shows the number of records that failed validation and allows you to export them to Excel.
The Manage Auto Invoice Lines task in the Billing work area, which enables you to search for and view import errors and export them to Excel. The other options are not correct because:
The Incomplete Infotile shows the number of incomplete transactions, not import errors.
The Manage Transactions task allows you to create and update transactions, not view import errors. Verified https://docs.oracle.com/en/cloud/saas/financials/23b/faofc/manage-autoinvoice.html#FAOFC-GUID-D0F4B5E1-CF4C-4B6F-B2A8-AF8B9E9C7D1A
NEW QUESTION # 100
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