Free Online Oracle 1Z0-1056-23 Practice Test

Prepare Your Oracle 1Z0-1056-23 Exam Questions with Free online 1Z0-1056-23 Practice Test. Get Brilliant Oracle Financials Cloud: Receivables 2023 Implementation Professional Exam Results with Valid 1Z0 1056 Exam Dumps.

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Total 180 Questions | Updated On: May 09, 2024

Question 1

Which three receipts can be automatically applied by the 'Apply Receipts Using AutoMatch' process?

A : Receipts that are manually created.

B : Miscellaneous receipts.

C : Receipts created from a lockbox and uploaded.

D : Receipts created in a spreadsheet and uploaded.

E : Receipts with unapplied amounts.

Answer: A,C,D

Question 2

The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.

To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

A : 10

B : 1012

C : 65535

D : 1

E : 1024

Answer: A

Question 3

As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?

A : Invoice will get created but accounting will not be created.

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

C : Invoice will be created and the system will use the AutoAccounting configuration to create accounting.

D : Neither invoice nor accounting will be created.

Answer: C

Question 4

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 5

Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)

A : drilldown to see reconciliation details and to make reconciling corrections

B : drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition

C : drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

D : drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger

E : drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel

Answer: A,B,C

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Total 180 Questions | Updated On: May 09, 2024