Oracle Financials Cloud: Receivables 2022 Implementation Professional - 1z0-1056-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?

A. recall days B. lead days C. risk elimination days D. short-term debt clearing days E. clearing days F. collection days

Discussion 0

Correct Answer: D Vote an answer

Question 2

Which two determinant types are used in reference data assignment? (Choose two.)

A. Project unit B. Account Segment C. Project Segment D. Business Unit

Discussion 0

Correct Answer: A,D Vote an answer

Question 3

Which three attributes are displayed in the detail table of the Balance forward Bill infotile? (Choose three.)

A. Past due Amount B. Billing date C. Amount due on Bill D. Due date E. Collector

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 4

A Cloud customer requires enhanced message content in transactions delivered using email.
Which three are supported in the body of the message? (Choose three.)

A. Modify the fonts and font size. B. Insert hyperlinks. C. Increase the character limit to greater than 4000. D. Prevent use of Dynamic Tokens. E. Insert logos.

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 5

Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

A. Modify the Invoice Print Layout Bill Presentment Template. B. Extend the "Print Receivables Transactions" program. C. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options. D. Use Web Services to integrate with an external system that can handle this requirement.

Discussion 0

Correct Answer: D Vote an answer

Question 6

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A. manually by using Chargeback Reversal activities B. automatically by using the Adjustment Reversal and Chargeback Reversal activities C. manually by using Adjustment Reversal activities D. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities E. manually, but without using the Adjustment Reversal and Chargeback Reversal activities

Discussion 0

Correct Answer: B Vote an answer

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Question 7

As a consultant, you have built the following Scoring model in Advanced Collections:

If a customer has 10 past due transactions and an amount overdue of $125, what is the calculated score?

A. 55 B. 100 C. 45 D. 50 E. 25

Discussion 0

Correct Answer: D Vote an answer

Question 8

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.
How would you achieve this?

A. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method. B. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options. C. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First. D. Set the credit classification revenue recognition policy to look for Line First and Tax Later. E. Set the payment terms revenue recognition policy to look for Line First and Tax Later.

Discussion 0

Correct Answer: B Vote an answer

Question 9

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. Net 45 (Enterprise Set), Net 45 (USA Set) C. Net 30 (Enterprise Set), Net 45 (USA Set) D. 1%/10 Net 30 (USA Set), Net 45 (USA Set)

Discussion 0

Correct Answer: A Vote an answer

Question 10

Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

A. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date. B. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category. C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet. D. The payable options and the receivable system options should have the same tax application options. E. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices. F. First enter a payable transaction to calculate tax and then enter the receivable transaction.

Discussion 0

Correct Answer: A,D Vote an answer