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NEW QUESTION 1
Which three transaction types are used to generate late charges? (Choose three.)

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

Answer: BCE

Explanation:
Referencehttps://docs.oracle.com/cloud/latest/financialscs_gs/FAIRP/FAIRP1476421.htm

NEW QUESTION 2
Which statement is true about AutoAccounting?

  • A. AutoAccounting is set up at the Legal Entity level.
  • B. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can anddisplays an incomplete accounting flexfield.
  • C. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
  • D. You cannot override the default General Ledger accounts thatAutoAccounting creates.

Answer: B

NEW QUESTION 3
In what three ways will changing customer information impact the collection process? (Choose three.)

  • A. Changing information on the Profile tab does not have an impact on the level at which collections are done.
  • B. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
  • C. Making changes on the Profile tab impacts the collection process.
  • D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
  • E. Changing the Collector impacts the individual working with the delinquent customer.

Answer: BCE

NEW QUESTION 4
What information does the Collector see in the Activities List area of the Collections Dashboard?

  • A. customer’s profile for each assigned customer
  • B. customer search as per the parameter specified
  • C. status of processing activities from the Process Monitor
  • D. tasks assigned to the Collector, such as follow-up calls
  • E. summary of aged transactions

Answer: D

NEW QUESTION 5
What validation step is required for implementing dispute processing?

  • A. The Recognize Revenue Program is scheduled.
  • B. BPM Work List for approval configuration is validated.
  • C. Periods for which the transaction can be disputed are Open.
  • D. All transactions are of the invoice type.

Answer: B

NEW QUESTION 6
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

  • A. The Transaction Summary Report shows only transactions with a status of received.
  • B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
  • C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
  • D. 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.
  • E. You need to submit the Extract Intercompany Reconciliation Data job.

Answer: CD

NEW QUESTION 7
After a customer bankruptcy is approved, what happens in the Collections application?

  • A. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
  • B. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
  • C. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
  • D. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.

Answer: A

NEW QUESTION 8
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?

  • A. by using the Customer Import Interface work area
  • B. by using the correct Customer Payment Method spreadsheet
  • C. by using the correct Customer Data spreadsheet
  • D. by importing the correct data by using a new spreadsheet upload

Answer: B

NEW QUESTION 9
Where is the summary delinquency data displayed on the Collections Dashboard?

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

Answer: C

NEW QUESTION 10
Which three receipts can be automatically applied by the "Apply Receipts Using AutoMatch" process?

  • A. Receipts that are manually created.
  • B. Miscellaneous receipts.
  • C. Receipts created from a lockbox and uploaded.
  • D. Receipts created in a spreadsheet and uploaded.
  • E. Receipts with unapplied amounts.

Answer: ACD

NEW QUESTION 11
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 Data Exceptions spreadsheet.
  • B. Use the Customer Payment Method Exceptions spreadsheet.
  • C. Troubleshoot In the Manage Customers page.
  • D. Correct error and resubmit the batch.

Answer: B

NEW QUESTION 12
What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)

  • A. Receipt Method
  • B. AutoMatch Rule
  • C. Customer
  • D. System Options

Answer: CD

NEW QUESTION 13
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

  • A. by Quote Number and time frame
  • B. by Source Document and time frame
  • C. by Item and time frame
  • D. by Customer and time frame
  • E. by Source Document Line andtime frame

Answer: BCE

NEW QUESTION 14
Identify two values that default from Customer Profile Classes. (Choose two.)

  • A. Business Purpose
  • B. Statement Cycle
  • C. Legal Entity
  • D. Tax
  • E. Payment Terms

Answer: DE

NEW QUESTION 15
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

  • A. by setting SM to "Requires Complete" and SMM to "Period"
  • B. by setting SM to "Allow Partial" and SMM to "Percent"
  • C. by setting SM to "Allow Partial" and SMM to "Period"
  • D. by setting SM to "Requires Complete" and SMM to "Quantity"
  • E. by setting SM to "Requires Complete" and SMM to "Percent"

Answer: CE

NEW QUESTION 16
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.

  • A. Earned revenue will be debited for $50 USD.
  • B. Unearned revenue will be credited for $100 USD.
  • C. Earned revenue will be credited for $50 USD.
  • D. Unearned revenue will be debited for $50 USD.

Answer: C

NEW QUESTION 17
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 not recommended to print transactions and balance forward bills directly from BI Publisher.
  • B. If you have printed a transaction, the View Print button will not display a preview of the print.
  • C. 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.
  • D. 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.
  • E. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

Answer: CDE

NEW QUESTION 18
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 Worldwide, Customer West, and its own transactions.
  • B. Customer Japan can pay its own transactions.
  • C. Customer USA can pay for Customer West and its own transactions.
  • D. Customer Japan can pay for Customer West, Customer USA, and its own transactions.
  • E. Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.

Answer: BCD

NEW QUESTION 19
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.

  • A. Business unit is not a required option on the Parameters tab to run the delinquency process.
  • B. Only business units that the user has access to will appear in the list of value
  • C. Modify the security options to provide access to the user.
  • D. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
  • E. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

Answer: B

NEW QUESTION 20
Which two items are required for customer invoicing? (Choose two.)

  • A. Lockbox
  • B. Customers
  • C. Remit-to-address
  • D. Customer Profile Class

Answer: AD

NEW QUESTION 21
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