1z0-1056-22 Dumps Updated Feb 09, 2023 Practice Test and 156 unique questions
2023 Latest 100% Exam Passing Ratio - 1z0-1056-22 Dumps PDF
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NEW QUESTION 65
Which three receipts can be automatically applied by a system? (Choose three.)
- A. receipts that are unapplied
- B. miscellaneous receipts
- C. receipts created in a lockbox and uploaded
- D. receipts that are manually created
- E. receipts created in a spreadsheet and uploaded
Answer: B,C,D
NEW QUESTION 66
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
- A. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
- B. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- C. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- D. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- E. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
Answer: E
NEW QUESTION 67
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. Verify Customer Payments.
- B. Record an activity to create a task or tasks to follow up on a delinquent customer.
- C. Assign a Collector to a delinquent customer.
- D. View the Total Amount Due for delinquent customers.
- E. Update the work status of a work item for a delinquent customer.
Answer: B,C,E
NEW QUESTION 68
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)
- A. Receipt Method
- B. Customer Account
- C. System Options
- D. Receipt Class
- E. Customer Site
Answer: A,B,E
Explanation:
If transactions cannot be matched or transaction information is not available, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.
NEW QUESTION 69
Where is the summary delinquency data displayed In the Collections Work Area?
- A. Profile Tab
- B. History Tab
- C. Transactions Tab
- D. Aging Tab
Answer: D
NEW QUESTION 70
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
- A. transactions that have the Print Option set to Do Not Print
- B. transactions have a Bill Type of Imported
- C. transactions that have the selected payment terms
- D. transactions that were included in a previous Balance Forward Bill
Answer: C
NEW QUESTION 71
What are the two places where Receivables can look for the "Match Receipts By" setting when applying manual customer receipts? (Choose two.)
- A. Profile option
- B. AutoMatch Rule
- C. Receipt Method
- D. Customer
- E. System Options
Answer: C,E
NEW QUESTION 72
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You can issue a credit card refund to a customer who has made a cash payment.
- B. You can refund receipts that were either remitted or cleared.
- C. You can refund receipts that are factored.
- D. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
Answer: B,D
NEW QUESTION 73
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits.
What would be the result?
- A. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
- B. The program can be run only if the amount is within the Billing Specialist's approval limits.
- C. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
- D. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
Answer: C
Explanation:
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/adjust.htm#n_adj
NEW QUESTION 74
Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?
- A. Receipts created in a spreadsheet and uploaded.
- B. Receipts with unapplied amounts.
- C. Receipts created from a lockbox and uploaded.
- D. Miscellaneous receipts.
- E. Receipts that are manually created.
Answer: A,C,E
NEW QUESTION 75
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?
- A. Create a new reference data set for account addresses and assign it to the business units.
- B. Assign a COMMON reference data set to the business units, which share the account addresses.
- C. Assign an enterprise reference data set to the business units, which share the account addresses.
- D. Create a separate reference data set for each business unit and assign it to each unit.
Answer: B
NEW QUESTION 76
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)
- A. Customer USA can pay for Customer West and its own transactions.
- B. Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
- C. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
- D. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
- E. Customer Japan can pay its own transactions.
Answer: A,C,E
NEW QUESTION 77
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Residual Allocation Method
- B. Inverted Allocation Method
- C. Two Step Allocation Method
- D. Relative Allocation Method
- E. Alternative Allocation Method
Answer: C
NEW QUESTION 78
A Billing Specialist has created and completed an invoice for $100 USD for Customer A.
The Specialist prints the invoice and realizes that the invoice should have been created for Customer B.
The accounting for the transaction for Customer A is posted to the General Ledger.
How can this be corrected?
- A. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
- B. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
- C. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
- D. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
Answer: B
NEW QUESTION 79
Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?
- A. Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
- B. Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
- C. Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.
- D. Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
Answer: C
NEW QUESTION 80
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
- A. New transactions after this change inherit the new billing cycle.
- B. Existing transactions with activity adapt the new billing cycle.
- C. Existing transactions with no activity retain the old billing cycle.
- D. The billing cycle does not have any impact on new transactions.
Answer: A
NEW QUESTION 81
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