Oracle Financials Cloud: Receivables 2020 Implementation Essentials - 1Z0-1056-20 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

A. Compound B. Declining Balance C. Simple D. Flat Rate E. Average

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 2

Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

A. Debit Memo B. Charge Back C. Credit Memo D. Guarantee E. Deposit

Discussion 0

Correct Answer: A,C Vote an answer

Question 3

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 invoice event and grant the employee the "Tax Manager <Business Unit>" data role. B. 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. 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 set the "Transaction Tax Line Override" profile option to Yes for the selected employee. E. 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.

Discussion 0

Correct Answer: C Vote an answer

Question 4

Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

A. Payment Settlement Management Duty B. Trading Community Hierarchy Management Duty C. Import Payables Invoices Duty D. Receipt Creation Duty

Discussion 0

Correct Answer: A,C Vote an answer

Question 5

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. 0-10 Days Link C. 20+ Days Link D. 10+Days Link

Discussion 0

Correct Answer: B Vote an answer

Question 6

In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

A. by setting SM to "Requires Complete" and SMM to "Quantity" B. by setting SM to "Allow Partial" and SMM to "Period" C. by setting SM to "Requires Complete" and SMM to "Period" D. by setting SM to "Requires Complete" and SMM to "Percent" E. by setting SM to "Allow Partial" and SMM to "Percent"

Discussion 0

Correct Answer: B,D Vote an answer

Question 7

Identify two late charge interest calculation methods. (Choose two.)

A. Average Daily Balance B. Overdue Transactions only C. Previous Balance D. Adjusted Balance

Discussion 0

Correct Answer: A,B Vote an answer

Question 8

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

A. Receivable Specialists B. Revenue Types C. Collectors D. Standard Memo Lines E. Revenue Contingencies

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 9

Which two are rules applicable to issue of refunds? (Choose two.)

A. You can refund receipts that were either remitted or cleared. B. You cannot refund more than either the original receipt amount or the remaining unapplied amount. C. You can issue a credit card refund to a customer who has made a cash payment. D. You can refund receipts that are factored.

Discussion 0

Correct Answer: A,B Vote an answer

Question 10

Identify the dunning letter template set provided by an application.

A. Soft, Regular, Hard B. Regular, Final Demand, Medium C. Regular, Medium, Hard D. Final Demand, Soft, Medium

Discussion 0

Correct Answer: D Vote an answer