Download Oracle 1z0-1056-22 Exam Dumps to Pass Exam Easily in 2023 [Q56-Q78]

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Download Oracle 1z0-1056-22 Exam Dumps to Pass Exam Easily in 2023

Get 100% Real Free Oracle Financials Cloud 1z0-1056-22 Sample Questions

Oracle 1z0-1056-22 exam is a professional certification exam designed for individuals who want to specialize in implementing the Oracle Financials Cloud: Receivables 2022. 1z0-1056-22 exam tests the candidate’s knowledge and skills in configuring and implementing the Receivables module. Passing the exam will grant the candidate the Oracle Financials Cloud: Receivables 2022 Implementation Professional certification, which can help them stand out in the job market and advance their career in the field of finance and accounting.

Candidates for the Oracle 1z0-1056-22 certification exam should have a solid understanding of Oracle Financials Cloud Receivables 2022, including its features, functionality, and integration with other Oracle Cloud applications. They should also be familiar with industry best practices for Receivables management and have experience implementing these practices in real-world settings.

NO.56 After creating Receivable Activities using the General Ledger Rapid Implementation workbook upload process, a Receivable Manager wants to review and make changes if required, to the account assignments created for these Receivable Activities.
Which two Receivable Activities do not have account assignments to review and change? (Choose two.)

Unearned Discounts

Earned Discounts

Debit Memo Reversal

Miscellaneous Receipt

Adjustment Activities

NO.57 A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.
After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)

Account Number or Party Number

Currency code

Data Point ID

Data Point Description

Data Point Lookup

NO.58 What information does the Collector see in the Activities List area of the Collections Dashboard?

customer’s profile for each assigned customer

customer search as per the parameter specified

status of processing activities from the Process Monitor

tasks assigned to the Collector, such as follow-up calls

summary of aged transactions

NO.59 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

NO.60 Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area?

Revenue Manager

Accounts Receivable Manager

Accounts Receivable Specialist

Billing Specialist

NO.61 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.

NO.62 When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations?
(Choose three.)

Liability- Unearned revenue

Revenue- Revenue

Liability-Accounts Payable

Owner’s equity

Asset – Remitted Receipts

NO.63 You are utilizing the “Upload Customer From Spreadsheet” option. What information on the Customer Worksheet must be unique for each customer record?

Customer Number, Customer Account Number, Customer Site Number

Customer Name, Customer Billing Address, Customer Bank Account

Customer Name, Customer Account Number, Customer Site Number

Customer Number, Customer Billing Address, Customer Bank Account

NO.64 Which two determinant types are used in reference data assignment? (Choose two.)

Business Unit

Account Segment

Project Segment

Project unit

NO.65 A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?

Search for the information in the Review Customer Account Details user interface.

Apply, reverse, or process the receipt.

Create an open debit memo.

Search for open invoices on the Manage Transaction search page.

NO.66 Which three receipts can be automatically applied by the “Apply Receipts Using AutoMatch” process?

Receipts that are manually created.

Miscellaneous receipts.

Receipts created from a lockbox and uploaded.

Receipts created in a spreadsheet and uploaded.

Receipts with unapplied amounts.

NO.67 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

NO.68 As an implementer, while importing data from the legacy/third-party system, you forgot to populate the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table.
What happens when you run accounting?

It will return an error and the data will be stuck in the interface table.

Neither invoice nor accounting will be created.

Invoice will get created but accounting won’t be created.

Invoice will be created and the system will use auto accounting configuration to create accounting.

NO.69 Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

The Implementation Project is preconfigured and cannot be deleted or changed.

You must plan your Implementation Project carefully because you cannot delete it or make changes later.

You must select the offering “Financials” and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

When you select the offering “Financials,” it automatically allows you to perform the setup for all Oracle Financials Cloud products.

You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

NO.70 Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

Enable “Allow override of calculated tax lines” within the tax configuration owner options for the receivable invoice event and grant the employee the “Tax Manager <Business Unit>” data role.

Enable the “Allow tax rate override” and “Allow manual tax lines” profiles at the user level, set, the value to Yes for the selected employee, and grant the “Tax Manager <Business Unit>” data role to the employee.

Enable “Allow override of calculated tax lines” within the tax configuration owner options for the receivable invoice event and set the “Transaction Tax Line Override” profile option to Yes for the selected employee.

Set the “Transaction Tax Line Override” profile option to Yes for the selected employee and assign the employee the “Tax Manager <Business Unit>” data role.

Enable “Allow override of calculated tax lines” within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

NO.71 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

NO.72 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

NO.73 When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

removes the invoice line revenue contingencies

leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

removes the pending sales credits

leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

NO.74 Which statement is true about Balance Forward Billing?

Balance Forward Bills must be enabled at each bill-to-site level.

Balance Forward Bills can be created for a future date.

Transactions included on a Balance Forward Bill can be updated.

The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

NO.75 The Multifund Accounting feature supports detailed distributions for invoices with revenue recognition rules. For a customer invoice with the distributions below:

Which unearned revenue accounting entries will the feature generate?

Credits of $900 and $600 for companies 01 and 02 respectively

Credits of $900 and $500 for companies 01 and 02 respectively

Debit of $900 and credit of $500 for companies 01 and 02 respectively

Credit of $900 and debit of $500 for companies 01 and 02 respectively

Debits of $900 and $500 for companies 01 and 02 respectively

NO.76 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.

Transaction Class

Transaction Number

Transaction Source

Transaction Date

NO.77 Which two statements are true about Accounting for Tax on Receivables? (Choose two.)

For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.

For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.

For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.

For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.

For Credit memos, if the profile “AR: Use Invoice Accounting for Credit Memos” is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.

For Credit memos, if the profile “AR: Use Invoice Accounting for Credit Memos” is set to No, Receivables derive the tax account from auto-accounting.

NO.78 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.

an inactive Journal Line Type

an inactive Accounting Method

an inactive Mapping Set

an inactive Journal Entry Rule Set

1z0-1056-22 Study Guide Realistic Verified Dumps: https://www.prepawaypdf.com/Oracle/1z0-1056-22-practice-exam-dumps.html

Download Oracle 1z0-1056-22 Exam Dumps to Pass Exam Easily in 2023 [Q56-Q78]

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