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1z0-1056-21 Actual Exam Questions

Last updated on Dec. 10, 2024.
Vendor:Oracle
Exam Code:1z0-1056-21
Exam Name:Oracle Financials Cloud: Receivables 2021 Implementation Essentials
Exam Questions:71
97% Passed the exam with this material
 

Topic 1 - Exam A

Question #1 Topic 1

When using lockbox to process customer payments, which two tables are used in the upload? (Choose two.)

  • A. RA_INTERFACE_PAYMENTS_ALL
  • B. AR_PAYMENTS_INTERFACE_ALL
  • C. AR_INTERFACE_INTERIM_LINES_ALL
  • D. AR_INTERIM_CASH_RECEIPTS_ALL
Reveal Solution Hide Solution   Discussion  

Correct Answer: BD 🗳️

Question #2 Topic 1

Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process? (Choose three.)

  • A. Adding new customer contacts in the Contacts tab.
  • B. Applying a customer payment in the Aging Tab.
  • C. Creating a credit memo in the Transactions Tab.
  • D. Changing the collector in the Profile Tab.
  • E. Processing a payment promise in the Transactions Tab.
Reveal Solution Hide Solution   Discussion  

Correct Answer: ADE 🗳️

Question #3 Topic 1

The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.
To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

  • A. 10
  • B. 1012
  • C. 65535
  • D. 1
  • E. 1024
Reveal Solution Hide Solution   Discussion  

Correct Answer: E 🗳️

Question #4 Topic 1

You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5.
Which transaction will be applied to the receipt?

  • A. Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020
  • B. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020
  • C. Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020
  • D. Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020
Reveal Solution Hide Solution   Discussion   1

Correct Answer: A 🗳️

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