Pass 1z0-1056-22 Exam in First Attempt Guaranteed 2024 Dumps!
1z0-1056-22 Dumps Full Questions - Exam Study Guide
Oracle 1z0-1056-22 certification exam is an important certification for professionals who want to demonstrate their expertise in Oracle Financials Cloud: Receivables 2022 Implementation. Oracle Financials Cloud: Receivables 2022 Implementation Professional certification exam is designed to evaluate one's understanding of Oracle Financials Cloud, how to configure Receivables, manage customer accounts, collections, and revenue recognition. It is an important certification exam for anyone looking to work with Oracle systems in accounting and finance.
NEW QUESTION # 71
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work are a. The import process, however, returns errors. Identify two reasons for the import failure.
- A. an inactive Journal Line Type
- B. an inactive Accounting Method
- C. an inactive Mapping Set
- D. an inactive Journal Entry Rule Set
Answer: C
NEW QUESTION # 72
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.
- A. Transaction Date
- B. Transaction Class
- C. Transaction Source
- D. Transaction Number
Answer: D
NEW QUESTION # 73
Which two are NOT components of a Business Intelligence Publisher report? (Choose two.)
- A. Data Model
- B. Layout
- C. Translation
- D. Matrix
- E. View
Answer: D,E
NEW QUESTION # 74
A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?
- A. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
- B. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
- C. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
- D. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
Answer: B
NEW QUESTION # 75
Which two statements are true about configuring Collection Strategies?
- A. You need to create Strategy Tasks of the type "Automatic" only.
- B. You need to define an Aging Method that meets the requirements of your organization.
- C. You need to create Scoring Formulae (or use predefined Scoring Formulas).
- D. You need to SGI the (Collections Method to Strategies for the relevant business unit.
Answer: A,C
NEW QUESTION # 76
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.
- A. Aging Methods
- B. Revenue Scheduling Rules
- C. Customer Site
- D. AutoMatch Rule Sets
- E. AutoCash Rules
Answer: C
NEW QUESTION # 77
Which two are rules applicable to issue of refunds? (Choose two.)
- A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
- B. You can refund receipts that are factored.
- C. You can issue a credit card refund to a customer who has made a cash payment.
- D. You can refund receipts that were either remitted or cleared.
Answer: A,D
NEW QUESTION # 78
ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegian krone. For this example, the conversion rate between the krone and the euro is 6.55957. The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the accounting.
Where should you define the header-level rounding account?
- A. Transaction Type
- B. Customer Account Level
- C. Customer Site Level
- D. Receivable System Option
- E. Transaction Source
Answer: E
NEW QUESTION # 79
Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?
- A. Line-level transaction flexfield, Header-level transaction flexfield
- B. Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield
- C. Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield
- D. Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield
Answer: B
NEW QUESTION # 80
A Cloud client has a requirement to process the most precise revenue recognition schedule.
Which revenue schedule would you use to achieve this requirement?
- A. Daily Revenue rate - Partial Periods
- B. Period end rate
- C. Variable rate
- D. Fixed Rate
- E. Daily Revenue Rate - All periods
Answer: E
NEW QUESTION # 81
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)
- A. Pending Approval From Managers
- B. Pending Approval
- C. Approved
- D. Pending My Research
- E. Pending My Approval
Answer: D,E
NEW QUESTION # 82
Which three attributes are displayed in the detail table of the Balance forward Bill infotile? (Choose three.)
- A. Billing date
- B. Amount due on Bill
- C. Past due Amount
- D. Due date
- E. Collector
Answer: A,B,D
NEW QUESTION # 83
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 $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- B. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
- C. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 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 $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
Answer: B
NEW QUESTION # 84
When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?
- A. One per Customer
- B. One per Customer per due date
- C. One per invoice
- D. One per site per due date
Answer: C
NEW QUESTION # 85
Which two statements are true regarding the Promise to Pay feature in the Collections application?
- A. You can cancel a promise made in error if it is before the promise due date.
- B. Promise information is updated by scheduling the Promise Reconciliation process.
- C. You cannot cancel a promise made in error if it is before the promise due date.
- D. Mass promise to pay amounts automatically become partial payments.
Answer: D
NEW QUESTION # 86
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To prepare for the Oracle 1z0-1056-22 Certification Exam, candidates should have a solid understanding of the Oracle Financials Cloud platform, its various components, and how they work together. They should also have experience working with customers, managing accounts receivable, and billing processes. 1z0-1056-22 exam is suitable for individuals who work in finance, accounting, or IT, and who are looking to demonstrate their expertise in Oracle Financials Cloud.
Oracle Financials Cloud Free Certification Exam Material from ExamDumpsVCE with 156 Questions: https://www.examdumpsvce.com/1z0-1056-22-valid-exam-dumps.html
