Real 1z0-1056-23 dumps Accurate Questions and Answers with Free and Fast Updates [Q19-Q39]

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Real 1z0-1056-23 dumps Accurate Questions and Answers with Free and Fast Updates

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Oracle 1z0-1056-23 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage Automatic Receipts and Funds Capture Configure Integration with Other Applications
Topic 2	Create and Process Transactions Manage Transaction types, Transaction sources, Items, and Memo lines
Topic 3	Create and Process Bills Receivables Remittances Report with Oracle Transactional Business Intelligence (OTBI)
Topic 4	Manage Resources, Salesperson, Sales credits, and Salesperson account references Configure Sub Ledger Accounting
Topic 5	Create and Process Receipt Exceptions Configuring and Using Advanced Collections

NO.19 Manage Collectors
Scenario:
You are responsible for defining a new collector. who will perform collection activities across multiple business units.
Task:
Create a new Collector. where:
* Name of the collector is (Replace XX with 03. which is your allocated User ID.)
* Collector must be available to all business units.
* Collector maps to employee FASXX Student (Replace xx with 03, which is your allocated User ID.)

NO.20 Manage Aging Methods
Scenario
Your organization needs to create their own a-bucket aging method for reporting purposes.
Task
Create a new 4-bucket Aging Method in the Collections application, where:
* Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.)
* Aging method is accessible to all business units
* Aging buckets are 45 days apart
* Last bucket is 91 days

NO.21 Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield

Line-level transaction flexfield and Header-level transaction flexfield

Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield

Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield

NO.22 Manage Transaction Types
Scenario
A US based company acquired on January 1. 2023. requires Supremo US Business Unit to capture invoices in Oracle Financials Cloud.
Task:
Define a new Transaction Type for the class invoice, where:
* Name of the transaction type is XXinvoice (Replace XX with 03.which is your allocated User ID.)
* Customer bills assigned to this transaction type must be printed
* Transaction type is meant for billing transactions With open balances
* Balances need to be maintained for invoices associated with this
transaction type
* Freight charges must be allowed
* Cash applications to invoices assigned to this transaction type must not exceed the invoice balance due
* Invoices associated with this transaction type must be accounted for in the General Ledger application.
* Revenue GL account 41000 should be assigned as a reference account for the business unit in question and the company segment must be 120 Supremo Fitness See the explanation below for solution.

NO.23 As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?

Invoice will get created but accounting will not be created.

It will return an error and the data will be stuck in the interface table.

Invoice will be created and the system will use the AutoAccounting configuration to create accounting.

Neither invoice nor accounting will be created.

NO.24 In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.
At which details?

Customer

Organization

Site

Account

Site Address

Party

NO.25 Upon approval of a remittance batch of type Factored with Recourse, the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?

By recording short-term debt

By generating a bills receivables adjustment

By recording an entry to the Remitted Bills Receivable account

By creating an on-account credit memo

NO.26 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?

Cash Managers can create and manage bank accounts for only those business units to which they are given access.

Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

NO.27 While reviewing Balance Forward Bill Infertile on the Account Overview page m Bill Management, you notice that it is only displaying balance forward Mis raised in the last month.
How can you increase the number of months to view past balance forward bills?

Add the number of months as a value for the BILL.MANAGEMENT lookup code

Use Bill Management System Options

Use the threshold view of Balance Forward Bill Infotile

Use Receivables System Options

NO.28 In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

Days Early

Time

DaysLate

Not Applicable

NO.29 When you run Auto lnvoice. the process may generate a list of records that fail validation.
Using which two methods/features, can you display the Auto lnvoice errors in an Excel workbook?

The Incomplete Infotile

The Manage Transactions task

The Import Exceptions Infotile

The Manage Auto lnvoice Lines task

NO.30 The AutoAc counting rule for the Revenue account is defined as follows:

When entering a manual invoice, the revenue account code combination is incomplete with the Department segment left blank. Which are the three reasons for this?

Revenue Reference Accounts for Salesperson were not defined for the Transaction Business Unit

Transaction Type was defined as Overapplication set to Yes but Post to GL set to No.

Salesperson is not required on the transaction and is left blank.

Revenue Reference Accounts were entered for all salespersons.

No Sales Credit salesperson has no reference accounts.

NO.31 Which three receipt types can be reversed in the Cloud?

Receipts applied to open receipts

Miscellaneous receipts

Credit card chargebacks posted to GL

Receipts that are archived

Invoice-related receipts

NO.32 Manage Balance Forward Billing Cycles and Payment Terms
Scenario
You are a consultant for a client who is implementing the Balance Forward Billing feature in Oracle Financials Cloud. You have been asked to define Balance Forward Billing Cycle as well as Balance Forward Billing Payment Terms so that your client can generate consolidated bills.
Task:
Define Balance Forward Payment Terms, where:
* Name of the payment term is XXNet 30 (Replace XX with 03, which is your allocated user ID.)
* Payment terms are accessible to all business units
* Discounts are applicable to the full invoice amount
* Discounts are applicable even when the customer does not send a full payment
* Payment terms are effective as of January 1. 2023