Question No. 1

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.)

APreferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

BThe Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

CPreferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

DThe Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

EBankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

FThe customer does not have the default strategy and default collector assigned at the customer account and site level.

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Correct Answer: B, C

Question No. 2

What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)

AReceipt Method

BAutoMatch Rule

CCustomer

DSystem Options

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Correct Answer: C, D

Question No. 3

One of the customers pays its bills electronically from their bank account (Direct debit).

Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?

AClear Receipts Automatically Process

BRemittance Process

CAutomatic Receipt Process

DLockbox Process

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Correct Answer: B

Question No. 4

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.

How would you achieve this?

ASet the credit classification revenue recognition policy to look for Line First and Tax Later.

BCreate a Memo Line or receivable activity to have the check box selected for Apply Item Line First.

CSet Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.

DSet Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.

ESet the payment terms revenue recognition policy to look for Line First and Tax Later.

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Correct Answer: C

Question No. 5

Each time that you run AutoInvoice, the process generates a list of records that fail validation.

Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)

Ausing the Incomplete Infotile

Busing the Manage AutoInvoice Lines task

Cusing the Manage Transactions task

Dusing the Import Exceptions Infotile

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Correct Answer: B, C

Free Oracle 1Z0-1056-22 Exam Actual Questions

The questions for 1Z0-1056-22 were last updated On Jan 15, 2025