Oracle Financials Cloud: Receivables 2018 Implementation Essentials - 1Z1-1006 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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 on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition C. drilldown to see reconciliation details and to make reconciling corrections D. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger E. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 2

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

Question 3

If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)

A. a purchasing item B. a debit memo line C. an inventory item D. a credit memo line E. a standard memo line

Discussion 0

Correct Answer: C,E Vote an answer

Question 4

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 5

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 6

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 using the correct Customer Data spreadsheet B. by importing the correct data by using a new spreadsheet upload C. by using the correct Customer Payment Method spreadsheet D. by using the Customer Import Interface work area

Discussion 0

Correct Answer: C Vote an answer

Question 7

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute B. by defining a grouping rule on the customer class C. by defining an item group and assigning that to the rule D. by defining an exclusion rule to exclude customer classes that are "Retail" E. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

Discussion 0

Correct Answer: A Vote an answer

Question 8

To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.

A. AutoCash Rules B. Customer Site C. Aging Methods D. AutoMatch Rule Sets E. Revenue Scheduling Rules

Discussion 0

Correct Answer: B Vote an answer