1Z0-1056-21 Online Practice Questions and Answers

Which three transaction types are used to generate late charges? (Choose three.)

A. Cash Receipts

B. Adjustments against the original transaction

C. Credit Memo

D. Debit Memo

E. Interest Invoice

Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

A. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.

B. The payable options and the receivable system options should have the same tax application options.

C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.

D. First enter a payable transaction to calculate tax and then enter the receivable transaction.

E. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.

F. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

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

A. removes the invoice line revenue contingencies

B. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

C. removes the pending sales credits

D. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A. automatic receipts creation

B. receipts creation in a spreadsheet

C. manual receipt entry

D. Lockbox receipts creation

The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete

Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to

complete the transaction.

Identify the column.

A. Transaction Class

B. Transaction Number

C. Transaction Source

D. Transaction Date

Identify two credit memo options. (Choose two.)

A. Tax only

B. Advance

C. Paid freight

D. Invoice lines

E. Paid amount only

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

A. Intercompany invoicing must be enabled in Payables Invoice Options.

B. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C. Intercompany invoicing must be enabled in Receivables System Options.

D. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

A. Use Web Services to integrate with an external system that can handle this requirement.

B. Modify the Invoice Print Layout Bill Presentment Template.

C. Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.

D. Extend the "Print Receivables Transactions" program.

You are a functional user who has been tasked with creating an Oracle Transactional Business

Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is

not complex.

Which tool should you use to create this analysis?

A. BI Answers

B. BI Composer

C. BI Publisher

D. Dashboard Builder

Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?

A. Tasks assigned to the collector such as follow-up calls.

B. Summary of aged transactions.

C. List of broken payment promises.

D. List of delinquent customers.