[Nov, 2022] Dumpsreview 1z0-1056-22 PDF Dumps and 1z0-1056-22 Exam Questions (81-96)

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➱Vendor: Oracle ➱Exam Code: 1z0-1056-22 ➱Exam Name: Oracle Financials Cloud: Receivables 2022 Implementation Professional New Updated Questions from Dumpsreview (Updated in Nov, 2022) Visit Dumpsreview and Download Full Version 1z0-1056-22 Exam Dumps

NEW QUESTION 81 Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.

Which option would you use to achieve this with the help of the Subledger Accounting solution?

A. Transaction References B. Supporting References C. Mapping Set D. Description Rule Answer: B NEW QUESTION 82 When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.

Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)

A. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

B. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.

C. Time-based contingencies must not expire before the contingency can be removed and revenue 1z0-1056-22 Exam Dumps

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D. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

E. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

Answer: A,E NEW QUESTION 83 Where is the summary delinquency data displayed on the Collections Dashboard?

A. Activity tab B. Aging tab C. Correspondence tab D. Profile tab Answer: D NEW QUESTION 84 Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

A. Flat Rate B. Simple C. Compound D. Average E. Declining Balance Answer: A,B,C NEW QUESTION 85 Which two are rules applicable to issue of refunds? (Choose two.)

A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.

B. You can refund receipts that were either remitted or cleared.

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.

Answer: A,B NEW QUESTION 86 Which three transaction types are used to generate late charges? (Choose three.)

A. Cash Receipts B. Interest Invoice C. Credit Memo D. Adjustments against the original transaction E. Debit Memo Answer: B,C,D Explanation: Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAIRP/FAIRP1476421.htm NEW QUESTION 87 1z0-1056-22 Exam Dumps

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Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.

Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

B. The program allows table hierarchies for customer bank accounts, but not for other customer information.

C. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.

D. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

E. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

Answer: E NEW QUESTION 88 What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

A. by Source Document Line andtime frame B. by Quote Number and time frame C. by Source Document and time frame D. by Customer and time frame E. by Item and time frame Answer: A,C,E NEW QUESTION 89 As an implementer, while importing data from the legacy/third-party system, you forgot to populate the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table.

What happens when you run accounting?

A. Invoice will be created and the system will use auto accounting configuration to create accounting.

B. Invoice will get created but accounting won't be created.

C. It will return an error and the data will be stuck in the interface table.

D. Neither invoice nor accounting will be created.

Answer: A NEW QUESTION 90 Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

B. You need to submit the Extract Intercompany Reconciliation Data job.

C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

D. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

E. The Transaction Summary Report shows only transactions with a status of received.

Answer: A,C 1z0-1056-22 Exam Dumps

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NEW QUESTION 91 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. Making payments by using a credit card or the bank account B. Reviewing customer account balances C. Managing unapplied payments D. Managing credit memos E. Managing disputes Answer: A NEW QUESTION 92 One of the customers pays its bills electronically from their bank account (Direct debit).

Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?

A. Lockbox Process B. Remittance Process C. Clear Receipts Automatically Process D. Automatic Receipt Process Answer: B NEW QUESTION 93 Identify the dunning letter template set provided by an application.

A. Final Demand, Soft, Medium B. Soft, Regular, Hard C. Regular, Medium, Hard D. Regular, Final Demand, Medium Answer: A NEW QUESTION 94 When using lockbox to process customer payments, which two tables are used in the upload? (Choose two.)

A. AR_PAYMENTS_INTERFACE_ALL B. AR_INTERFACE_INTERIM_LINES_ALL C. AR_INTERIM_CASH_RECEIPTS_ALL D. RA_INTERFACE_PAYMENTS_ALL Answer: A,C NEW QUESTION 95 Which three receipts can be automatically applied by a system? (Choose three.)

A. receipts created in a lockbox and uploaded B. miscellaneous receipts C. receipts that are manually created D. receipts created in a spreadsheet and uploaded E. receipts that are unapplied 1z0-1056-22 Exam Dumps

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Answer: A,B,C NEW QUESTION 96 ......

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