Free Oracle Financials Cloud: Receivables 2022 Implementation Professional Exam 1Z0-1056-22 Exam Practice Test

Which two are NOT components of a Business Intelligence Publisher report? (Choose two.)

• View
• Data Model
• Matrix
• Translation
• Layout

Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD. How should you configure Intercompany System Option*; to meet this requirement?

• Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
• Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
• Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
• Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.

You are investigating the Receivables to General Ledger Reconciliation Report and must explain any variances to your Accounting Manager. What two variance amounts should you expect to investigate in this report? (Choose two.)

• Tax Variance
• Intercompany Variance
• Accounting Variance
• Receivables Variance Answer: C D Explanation QUESTIONNO: 125 A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup. After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value?(Choose three.) A. Account Number or Party Number B. Currency code C. Data Point ID D. Data Point Description
• Data Point Lookup

A client rents equipment for special events. They havethe following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, theclient wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue. How can you meet this requirement?

• Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration,and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
• Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
• Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
• Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.

Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)

• Activities
• Unapplied Receipts
• Unapplied Credits
• Receipt Batches
• Unidentified Receipts

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

• automatic receipts creation
• receipts creation in a spreadsheet
• manual receipt entry
• Lockbox receipts creation

The Business Intelligence repository contains metadata that defines columns, which you caninclude in an analysis. Which three types of columns are available when you create or edit an analysis? (Choose three.)

• Hierarchy
• Function
• Fact
• Attribute
• Sum

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

• Unidentified Receipts
• Lockbox Exceptions
• Receipt Batches
• Unapplied Receipts
• Unapplied Credits

Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue splitbetween the four sales persons?

• 38.34 : 48.34 : 8.32 : 5
• 35: 45 : 5: 5
• 38: 47.5: 9.5: 5
• 40: 50: 5: 5

Which two statements are true about configuring Collection Strategies?

• You need to create Scoring Formulae (or usepredefined Scoring Formulas).
• You need to define an Aging Method that meets the requirements of your organization.
• You need to SGI the (Collections Method to Strategies for the relevant business unit.
• You need to create Strategy Tasks of the type "Automatic" only.