2020 Valid Oracle 1z0-1056 Exam Questions
                     Oracle
1z0-1056
 Oracle Financials Cloud: Receivables 2019 
Implementation Essentials
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Oracle - 1z0-1056
Question #:1
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
A.  scheduled processes
B.  system privileges
C.  user application privileges
D.  the employees who are involved with the collections process and how the collectors will be assigned
E.  customer contact information
Answer: D
Explanation
References:
Question #:2
Identify the receivables system option that relates to customers.
A.  Reciprocal Customer
B.  Receipt Method
C.  Default Country
D.  Automatic Site Numbering
Answer: B C
Question #:3
One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to
your organization’s bank account?
A.  Clear Receipts Automatically Process
B.  Remittance Process
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Oracle - 1z0-1056
C.  Automatic Receipt Process
D.  Lockbox Process
Answer: B
Question #:4
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be
either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account
code combination for revenue recognition.
Identify the two values. (Choose two.)
A.  a standard memo line
B.  a purchasing item
C.  a credit memo line
D.  an inventory item
E.  a debit memo line
Answer: A D
Explanation
References:
Question #:5
Which two are Late Charge Calculation Methods?
A.  Credit Items and Disputed Transactions
B.  Late Payments Only
C.  Adjustment
D.  Overdue Invoices Only
Answer: B D
Explanation
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Oracle - 1z0-1056
Question #:6
Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area?
A.  Revenue Manager
B.  Accounts Receivable Manager
C.  Accounts Receivable Specialist
D.  Billing Specialist
Answer: C
Explanation
References:
Question #:7
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
A.  Verify Customer Payments.
B.  Assign a Collector to a delinquent customer.
C.  View the Total Amount Due for delinquent customers.
D.  Record an activity to create a task or tasks to follow up on a delinquent customer.
E.  Update the work status of a work item for a delinquent customer.
Answer: B D E
Question #:8
Which four output file types are available when you run the “Print Receivables Transactions” program?
A.  JPG
B.  PDF
C.  Excel
D.  HTML
E.  Word
F.  
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F.  Zipped PDFs
Answer: B C D F
Question #:9
Your client processes many customer refunds on a regular basis and would like to have information about
recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?
A.  Create an Oracle Transactional Business Intelligence (OTBI) analysis.
B.  Search in the Receivables “Manage Credit Memo Applications” page, then export results to Excel.
C.  Run the predefined Transaction Details Report.
D.  Search in the Payables “Manage Payments” page, then export results to Excel.
Answer: A
Question #:10
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
A.  The billing cycle does not have any impact on new transactions.
B.  Existing transactions with no activity retain the old billing cycle.
C.  Existing transactions with activity adapt the new billing cycle.
D.  New transactions after this change inherit the new billing cycle.
Answer: D
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