1Z0-1056-24 by Oracle Actual Free Exam Q&As

Question 1

What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

A. the SSP amounts for all performance obligations in the customer contract B. the selling price for all performance obligations in the customer contract C. the billing amount for all performance obligations in the customer contract D. the extended SSP amounts for all performance obligations in the customer contract E. the allocated amount for all performance obligations in the customer contract

Discussion 0

Correct Answer: C Vote an answer

Question 2

Which two statements are true about processing Receivables adjustments that impact tax amounts?

A. Receivables can look at System Options and retrieve the tax rate code. B. Receivables can look at invoice and retrieve the tax rate code. C. There is no need to retrieve the tax rate code. D. Receivables can look at the adjustment activity and retrieve the tax rate code.

Discussion 0

Correct Answer: A,B Vote an answer

Question 3

Which three benefits do intercompany reconciliation reports provide to an accountant?

A. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger. B. Comparing receivables and payables account balances and identifying discrepancies. C. Displaying clearing company balancing lines. D. Displaying intercompany receivables and payables balancing lines.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 4

Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee. B. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee. C. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee. D. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role. E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.

Discussion 0

Correct Answer: D Vote an answer

Question 5

Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

A. Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield B. Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield C. Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield D. Line-level transaction flexfield and Header-level transaction flexfield

Discussion 0

Correct Answer: D Vote an answer

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Question 6

To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.

A. Aging Methods B. AutoCash Rules C. Customer Site D. AutoMatch Rule Sets E. Revenue Scheduling Rules

Discussion 0

Correct Answer: C Vote an answer

Oracle Financials Cloud: Receivables 2024 Implementation Professional - 1Z0-1056-24 Exam Practice Test