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Valid 1Z0-1056-24 Exam Simulator & Study Guide 1Z0-1056-24 Pdf

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Valid 1Z0-1056-24 Exam Simulator & Study Guide 1Z0-1056-24 Pdf

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Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions (Q82-Q87):NEW QUESTION # 82
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. immediately
  • B. after 100 days
  • C. only after manual intervention
  • D. after 60 days
Answer: B

NEW QUESTION # 83
Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)
  • A. Receipt Creation Duty
  • B. Import Payables Invoices Duty
  • C. Payment Settlement Management Duty
  • D. Trading Community Hierarchy Management Duty
Answer: B,C

NEW QUESTION # 84
Which two are Late Charge Calculation Methods?
  • A. Overdue Invoices Only
  • B. Adjustment
  • C. Credit Items and Disputed Transactions
  • D. Late Payments Only
Answer: A,D

NEW QUESTION # 85
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?
  • A. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
  • B. You can select only a Closed accounting period.
  • C. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
  • D. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
Answer: C

NEW QUESTION # 86
When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?
  • A. Order line Credit Limit
  • B. Credit Review Cycle
  • C. Credit Limit
  • D. First Review Date
Answer: B,D
Explanation:
These are the two columns that, if populated with *NULL, will remove the existing values on loading. They are part of the customer profile class attributes that can be updated using customer import. Verified [How You Manage Customer Data Uploads - Oracle]

NEW QUESTION # 87
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