[Q80-Q95] 2024 Updated 1z0-1056-22 Tests Engine pdf – All Free Dumps Guaranteed!

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2024 Updated 1z0-1056-22 Tests Engine pdf – All Free Dumps Guaranteed!

Latest Oracle Financials Cloud 1z0-1056-22 Actual Free Exam Questions

Oracle 1z0-1056-22 exam measures the candidate’s knowledge in various areas related to Oracle Financials Cloud: Receivables 2022. These areas include creating and managing customer accounts, managing receivables, applying payments and credit memos, managing revenue, and creating accounting entries. 1z0-1056-22 exam is designed to assess the candidate’s ability to implement and configure Oracle Financials Cloud: Receivables 2022 based on business requirements.

Q80. 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.)

System Options

Receipt Class

Customer Site

Receipt Method

Customer Account

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.

Q81. You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5.
Which transaction will be applied to the receipt?

Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020

Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020

Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020

Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020

Q82. Each time that you run AutoInvoice, the process generates a list of records that fail validation.
Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)

using the Incomplete Infotile

using the Manage AutoInvoice Lines task

using the Manage Transactions task

using the Import Exceptions Infotile

Q83. 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?

Select the Enable OAGIS 10.1 XML Format Check Box

Set Preferred Delivery Method to XML

Set Preferred Delivery Methods to Email

Set Preferred Contact Method to XML

Select the Enable XML Invoicing Check Box for Relevant Transaction Classes

Q84. 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?

Use the Customer Data Exceptions spreadsheet.

Use the Customer Payment Method Exceptions spreadsheet.

Troubleshoot In the Manage Customers page.

Correct error and resubmit the batch.

Q85. You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type.
From which three tables can the segment value be defaulted? (Choose three.)

Taxes

Ship to site

Standard Lines

Transaction Types

Salesperson

Q86. Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)

drilldown to see reconciliation details and to make reconciling corrections

drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition

drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger

drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel

Q87. As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the “Approve Adjustments” page?

Approve

Request Information

Reassign

Reject

Edit

Q88. Which four output file types are available when you run the “Print Receivables Transactions” program?

JPG

PDF

Excel

HTML

Word

Zipped PDFs

Q89. As a consultant, you have built the following Scoring model in Advanced Collections:

If a customer has 10 past due transactions and an amount overdue of $125, what is the calculated score?

100

Q90. If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choose two.)

On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations

Unapplied, if the Customer Account Number or MICR number is provided

Unidentified, if the Customer Account Number or MICR is not provided and there are no successful matching recommendations

Applied, if the Customer Account Number or MICR number is provided

Q91. 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?

short-term debt clearing days

risk elimination days

clearing days

collection days

lead days

recall days

Q92. Which statement is true about AutoAccounting?

AutoAccounting is set up at the Legal Entity level.

IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.

AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.

You cannot override the default General Ledger accounts thatAutoAccounting creates.

Q93. To determine the best approach to converting a client’s data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

Collectors

Standard Memo Lines

Revenue Types

Receivable Specialists

Revenue Contingencies

Q94. Given the default system options:

Which two instances are you required to select for the – require salesperson flag? (Choose two.)

Sales credit tracking is required

FBDI Loader is required

Auto-Invoicing is required

Revenue accounting is required

Q95. The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

automatic receipts creation

receipts creation in a spreadsheet

manual receipt entry

Lockbox receipts creation

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