Free Oracle 1D0-1056-24-D Exam Questions

Become Oracle Certified with updated 1D0-1056-24-D exam questions and correct answers

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Total 154 Questions | Updated On: May 16, 2025

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Question 1

Which three benefits do intercompany reconciliation reports provide to an accountant?

A : Comparing receivables and payables account balances and identifying discrepancies.

B : Displaying intercompany receivables and payables balancing lines.

C : Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

D : Displaying clearing company balancing lines.

Answer: A,B,C

Question 2

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.

How would you achieve this?

A : Set the credit classification revenue recognition policy to look for Line First and Tax Later.

B : Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.

C : Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.

D : Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.

E : Set the payment terms revenue recognition policy to look for Line First and Tax Later

Answer: C

Question 3

A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).

When will revenue be recognized?

A : only after manual intervention

B : after 100 days

C : immediately

D : after 60 days

Answer: B

Question 4

What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

A : the extended SSP amounts for all performance obligations in the customer contract

B : the SSP amounts for all performance obligations in the customer contract

C : the selling price for all performance obligations in the customer contract

D : the allocated amount for all performance obligations in the customer contract

E : the billing amount for all performance obligations in the customer contract

Answer: A

Question 5

Which two determinant types are used in reference data assignment? (Choose two.)

A : Business Unit

B : Account Segment

C : Project Segment

D : Project unit

Answer: A,D

Page: 1 / 31

Total 154 Questions | Updated On: May 16, 2025

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