최신 1Z1-1056 무료덤프 - Oracle Financials Cloud: Receivables 2019 Implementation Essentials

문제1

After a customer bankruptcy is approved, what happens in the Collections application?

A. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.

B. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.

C. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.

D. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.

정답: B

문제2

Identify two values that default from Customer Profile Classes. (Choose two.)

A. Payment Terms

B. Business Purpose

C. Statement Cycle

D. Legal Entity

E. Tax

정답: A,E

문제3

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 Class

B. Transaction Number

C. Transaction Source

D. Transaction Date

정답: B

문제4

When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.

A. manual receipt

B. automatic receipt

C. quick cash receipt

D. miscellaneous receipt

E. AutoLockbox receipt

정답: B

문제5

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, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.

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 and Contingency Primary Removal Event as Payment.

정답: D

문제6

Which two Collection Preferences can be selected as the default transaction class for the Transaction tab?
(Choose two.)

A. Guarantee

B. Deposit

C. Debit Memo

D. Credit Memo

E. Charge Back

정답: C,D

문제7

Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

A. Declining Balance

B. Flat Rate

C. Compound

D. Average

E. Simple

정답: B,C,E

문제8

You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?

A. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task:
"Manage Business Unit Set Assignment"

B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"

C. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"

D. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"

정답: D

문제9

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. 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.

C. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

D. 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.

E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

정답: D,E

문제10

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

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

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

C. removes the pending sales credits

D. removes the invoice line revenue contingencies

정답: D

최신 1Z1-1056 무료덤프 - Oracle Financials Cloud: Receivables 2019 Implementation Essentials

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