Free Oracle 1Z0-1056-24 Exam Questions

Become Oracle Certified with updated 1Z0-1056-24 exam questions and correct answers

Page: 1 / 36

Total 180 Questions | Updated On: Mar 10, 2025

Add To Cart

Question 1

Which is NOT a valid Infotile in the Accounts Receivables Work Area?

A : identified Receipts

B : ckbox Exceptions

C : ceipt Batches

D : applied Receipts

E : applied Credits

Answer: A

Question 2

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.

A : eferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

B : Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

C : eferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

D : Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

E : nkruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

F : customer does not have the default strategy and default collector assigned at the customer account and site level.

Answer: B,C

Question 3

In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

A : setting SM to 'Requires Complete' and SMM to 'Period'

B : setting SM to 'Allow Partial' and SMM to 'Percent'

C : setting SM to 'Allow Partial' and SMM to 'Period'

D : setting SM to 'Requires Complete' and SMM to 'Quantity

E : setting SM to 'Requires Complete' and SMM to 'Percent'

Answer: A,C

Question 4

You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.

Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?

A : Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.

B : Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.

C : Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.

D : o Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.

E : o Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.

F : o Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.

Answer: D

Question 5

Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.

Which action should you take the resolve the Issue?

A : the Customer Data Exceptions spreadsheet.

B : the Customer Payment Method Exceptions spreadsheet.

C : oubleshoot In the Manage Customers page.

D : rrect error and resubmit the batch.

Answer: B

Page: 1 / 36

Total 180 Questions | Updated On: Mar 10, 2025

Add To Cart