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100% Pass High Hit-Rate Oracle - 1Z0-1056-24 Exam Voucher
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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q31-Q36):NEW QUESTION # 31
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.
- A. Earned revenue will be debited for $50 USD.
- B. Unearned revenue will be debited for $50 US
- C. Earned revenue will be credited for $50 USD.
- D. Unearned revenue will be credited for $100 USD.
Answer: C
NEW QUESTION # 32
When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________.
- A. automatic receipt
- B. manual receipt
- C. miscellaneous receipt
- D. AutoLockbox receipt
- E. quick cash receipt
Answer: A
NEW QUESTION # 33
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?
- A. 0-10 Days Link
- B. 20+ Days Link
- C. 0-5 Days Link
- D. 10+Days Link
Answer: A
NEW QUESTION # 34
You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?
- A. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
- B. Cash Managers can create and manage bank accounts for only those business units to which they are given access.
- C. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.
- D. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
Answer: A
Explanation:
This is the true statement about the restrictions applied to the setup. Cash Managers can access bank accounts based on their legal entity access privileges. They can create and manage bank accounts for only those legal entities that they are authorized to access. Verified [How You Manage Bank Accounts - Oracle]
NEW QUESTION # 35
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
- A. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
- B. Create an Oracle Business Intelligence Applications (OBIA) Report.
- C. Query each customer refund and verify the Refund Status.
- D. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
Answer: A
NEW QUESTION # 36
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