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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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