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Oracle Financials Cloud: Receivables 2019 Implementation Essentials - 1Z1-1056 Exam Questions

QUESTION NO: 1
Which two are Late Charge Calculation Methods?
Correct Answer: B,C
Explanation: (Only visible to Pass4Test members)
QUESTION NO: 2
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
Correct Answer: A,B,D
QUESTION NO: 3
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?
Correct Answer: E
QUESTION NO: 4
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?
Correct Answer: D
QUESTION NO: 5
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.)
Correct Answer: B,E
QUESTION NO: 6
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
Correct Answer: B
QUESTION NO: 7
A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?
Correct Answer: C
QUESTION NO: 8
Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?
Correct Answer: B,E
QUESTION NO: 9
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?
Correct Answer: A
QUESTION NO: 10
The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.
Correct Answer: B