Oracle Financials Cloud: Receivables 2021 Implementation Essentials - 1Z0-1056-21 FREE EXAM DUMPS QUESTIONS & ANSWERS

A. Earned revenue will be credited for $50 USD. B. Unearned revenue will be debited for $50 USD. C. Earned revenue will be debited for $50 USD. D. Unearned revenue will be credited for $100 USD.

A. You need to create Scoring Formulae (or use predefined Scoring Formulas). B. You need to create Strategy Tasks of the type "Automatic" only. C. You need to define an Aging Method that meets the requirements of your organization. D. You need to SGI the (Collections Method to Strategies for the relevant business unit.

A. Existing transactions with no activity retain the old billing cycle. B. The billing cycle does not have any impact on new transactions. C. Existing transactions with activity adapt the new billing cycle. D. New transactions after this change inherit the new billing cycle.

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

A. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again. B. Delete the source data that was imported into Revenue Management and import new source data. C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again. D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI. E. Delete Contracts from the Manage Customer Contracts UI.

A. The approval limits per user and per currency are shared across the document types. B. The approval limits are set per user, document type, and currency. C. The approval limits are used by the auto adjustment program. D. The implementation user can create their own approval limits.

A. You must plan your Implementation Project carefully because you cannot delete it or make changes later. B. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management. C. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products. D. The Implementation Project is preconfigured and cannot be deleted or changed. E. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

A. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting. B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity. C. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting. D. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity. E. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting. F. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.

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

A. customer's profile for each assigned customer B. tasks assigned to the Collector, such as follow-up calls C. summary of aged transactions D. status of processing activities from the Process Monitor E. customer search as per the parameter specified

A. Create a new reference data set for account addresses and assign it to the business units. B. Assign a COMMON reference data set to the business units, which share the account addresses. C. Create a separate reference data set for each business unit and assign it to each unit. D. Assign an enterprise reference data set to the business units, which share the account addresses.