Oracle 1z0-1056-23 Exam Actual Questions

The questions for 1z0-1056-23 were last updated on July 4, 2024.

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Topic 1 - Exam A

Question #1 Topic 1

Your organization has decided to use the Portal Upload delivery method for some of their customers. You will be using this in place of other options, such as Print, Email, or XML, to deliver customer invoices.
Which step must be performed in the system to deliver transactions to your customers by using the Portal Upload method?

A. Select Portal Upload as a delivery method on Customer Profile under Statement and Dunning.
B. Create a custom preferred delivery method in the Manage Receivables Lookups task in Functional Setup Manager.
C. Select Portal Upload as a delivery method on Customer Profile under Invoicing.
D. Run the Create Customer Statement process in Scheduled Processes.
E. Create a custom-preferred delivery method in the Manage Receivables System Options task in Functional Setup Manager.

Reveal Solution Discussion

Correct Answer: C 🗳️

Question #2 Topic 1

After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)

A. The invoice can now be printed.
B. The invoice is sent for a dunning follow-up.
C. The invoice is eligible for transfer to the General Ledger.
D. The payment schedules are created using the payment terms specified.
E. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

Reveal Solution Discussion

Correct Answer: ACD 🗳️

Question #3 Topic 1

When you run AutoInvoice, the process may generate a list of records that fail validation.
Using which two methods/features, can you display the AutoInvoice errors in an Excel workbook? (Choose two.)

A. The Incomplete Infotile
B. The Manage Transactions task
C. The Import Exceptions Infotile
D. The Manage AutoInvoice Lines task

Reveal Solution Discussion 4

Correct Answer: BC 🗳️

Question #4 Topic 1

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)

A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
D. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.

Reveal Solution Discussion 4

Correct Answer: AB 🗳️

Oracle 1z0-1056-23 Exam Actual Questions

The questions for 1z0-1056-23 were last updated on July 4, 2024.

Topic 1 - Exam A

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