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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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Answer: AD


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