Oracle Financials Cloud: Receivables 2019 Implementation Essentials

QUESTION NO: 1
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. Remittance Process B. Lockbox Process C. Clear Receipts Automatically Process D. Automatic Receipt Process

Correct Answer: A

QUESTION NO: 2
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31,
2015?

A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2,
2015. B. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31,
2015. C. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015. D. Two Bills Receivable transactions are created with the issue date and accounting date as January 29,
2015 and January 31, 2015, respectively. E. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February
28, 2015. F. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30,
2015.

Correct Answer: C

QUESTION NO: 3
There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?

A. Disable Send Dunning Letter in Transaction Source Type. B. Disable Send Dunning Letter in Transaction Type. C. Disable Send Dunning Letter in Collections Preferences. D. Disable Send Dunning Letter on the Correspondence tab. E. Disable Send Dunning Letter on the Profile tab.

Correct Answer: E

QUESTION NO: 4
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

A. limiting write-offs by a percentage of the original receipt amount B. creating write-offs for specific currencies and customers C. scheduling periodic write-offs to occur in future periods D. scheduling periodic write-offs as receipt adjustments for old remaining balances E. scheduling periodic write-offs as receipt adjustments for small remaining balances

Correct Answer: A,B,E

QUESTION NO: 5
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 application and create a tax rule to grant this privilege only to the selected employee. B. 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. C. 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. D. 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. E. 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.

Correct Answer: D

QUESTION NO: 6
Which three transaction types are used to generate late charges? (Choose three.)

A. Adjustments against the original transaction B. Cash Receipts C. Credit Memo D. Interest Invoice E. Debit Memo

Correct Answer: A,C,D

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QUESTION NO: 7
Where is the summary delinquency data displayed on the Collections Dashboard?

A. Activity tab B. Profile tab C. Aging tab D. Correspondence tab

Correct Answer: B

QUESTION NO: 8
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

A. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them. B. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system. C. If you have printed a transaction, the View Print button will not display a preview of the print. D. It is not recommended to print transactions and balance forward bills directly from BI Publisher. E. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.

Correct Answer: A,B,E

QUESTION NO: 9
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?

A. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts. B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts. C. You can select only a Closed accounting period. D. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.

Correct Answer: D

QUESTION NO: 10
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?

A. Use the Customer Payment Method Exceptions spreadsheet. B. Correct error and resubmit the batch. C. Use the Customer Data Exceptions spreadsheet. D. Troubleshoot In the Manage Customers page.

Correct Answer: A

Oracle Financials Cloud: Receivables 2019 Implementation Essentials - 1Z0-1056 Exam Questions