Free Oracle 1Z0-1056-22 Exam Actual Questions

The questions for 1Z0-1056-22 were last updated On Nov 10, 2024

Question No. 1

An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.

Explain how revenue accounting will occur.

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Correct Answer: C

Question No. 2

Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.

Which option would you use to achieve this with the help of the Subledger Accounting solution?

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Correct Answer: B

Question No. 3

What validation step is required for implementing dispute processing?

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Correct Answer: B

Question No. 4

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

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Correct Answer: A

Question No. 5

You are explaining the benefits of using Bill Management as a self-service electronic bill presentment solution to an existing customer.

Which feature is not supported in Bill Management?

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Correct Answer: A