(2024) PASS 1z0-1056-22 exam with Oracle 1z0-1056-22 Real Exam Questions

Real exam questions are provided for Oracle Financials Cloud tests, which can make sure you 100% pass

NEW QUESTION # 72
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

• A. Description Rule
• B. Transaction References
• C. Mapping Set
• D. Supporting References

Answer: D

NEW QUESTION # 73
What is required to register an external user to Bill Management?

• A. a customer account contact with a valid mobile number
• B. a customer account contact with a valid email address
• C. a customer account contact with a valid mailing address
• D. a customer account contact with the responsibility types bill to and ship-to

Answer: D

NEW QUESTION # 74
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?

• A. Forwarded for Approval
• B. Approval Required
• C. Pending Research
• D. Pending Approval

Answer: D

NEW QUESTION # 75
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, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield
• B. Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield
• C. Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield
• D. Line-level transaction flexfield, Header-level transaction flexfield

Answer: A

NEW QUESTION # 76
Where is the summary delinquency data displayed on the Collections Dashboard?

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

Answer: B

NEW QUESTION # 77
Which three transaction types are used to generate late charges? (Choose three.)

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

Answer: B,D,E

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

NEW QUESTION # 78
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)

• A. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
• B. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• C. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
• D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• E. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.

Answer: B,D

NEW QUESTION # 79
Identify two late charge interest calculation methods. (Choose two.)

• A. Overdue Transactions only
• B. Average Daily Balance
• C. Previous Balance
• D. Adjusted Balance

Answer: A,B

NEW QUESTION # 80
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 ______________.

• A. automatic receipts creation
• B. receipts creation in a spreadsheet
• C. Lockbox receipts creation
• D. manual receipt entry

Answer: B

NEW QUESTION # 81
Which predefined dunning letter template is available in the Collections application

• A. Regular, Medium, Hard, Difficult
• B. Regular, Medium, Hard, Easy
• C. Soft, Medium, Hard, Final
• D. Soft, Regular, Medium, Hard

Answer: C

NEW QUESTION # 82
Which three receipts types can be reversed in the Cloud? (Choose three.)

• A. Invoice-related receipts
• B. Receipts applied to open receipts
• C. Miscellaneous receipts
• D. Receipts that are archived
• E. Credit card chargebacks posted to GL

Answer: A,C,E

NEW QUESTION # 83
Which three receipts can be automatically applied by a system? (Choose three.)

• A. receipts that are manually created
• B. miscellaneous receipts
• C. receipts created in a lockbox and uploaded
• D. receipts that are unapplied
• E. receipts created in a spreadsheet and uploaded

Answer: A,B,C

NEW QUESTION # 84
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

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

Answer: A,B,E

NEW QUESTION # 85
A Cloud customer requires enhanced message content in transactions delivered using email.
Which three are supported in the body of the message? (Choose three.)

• A. Modify the fonts and font size.
• B. Increase the character limit to greater than 4000.
• C. Insert hyperlinks.
• D. Insert logos.
• E. Prevent use of Dynamic Tokens.

Answer: A,C,D

NEW QUESTION # 86
Identify two credit memo options. (Choose two.)

• A. Paid freight
• B. Advance
• C. Invoice lines
• D. Paid amount only
• E. Tax only

Answer: C,E

NEW QUESTION # 87
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

• A. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
• B. Intercompany invoicing must be enabled in Payables Invoice Options.
• C. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
• D. Intercompany invoicing must be enabled in Receivables System Options.

Answer: A

NEW QUESTION # 88
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?

• A. List of delinquent customers.
• B. Tasks assigned to the collector such as follow-up calls.
• C. Summary of aged transactions.
• D. List of broken payment promises.

Answer: B

NEW QUESTION # 89
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

• A. Two Step Allocation Method
• B. Alternative Allocation Method
• C. Residual Allocation Method
• D. Inverted Allocation Method
• E. Relative Allocation Method

Answer: A

NEW QUESTION # 90
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