1Z0-1056-23 Online Practice Questions and Answers

If a receipt cannot be automatically matched or transaction information is not available, Receivables can use theAutoCash rule set.

In which three places is the rule set found? (Choose three.)

A. System Options

B. Receipt Class

C. Customer Site

D. Receipt Method

E. Customer Account

Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)

A. Activities

B. Unapplied Receipts

C. Unapplied Credits

D. Receipt Batches

E. Unidentified Receipts

You are trying to migrate the Subledger Accounting setup by using the Export and Importfunctionality in the Setup and Maintenance work area. The import process, however, returns errors. Identify two reasons for the import failure.

A. an inactive Journal Line Type

B. an inactive Accounting Method

C. an inactive Mapping Set

D. an inactive Journal Entry Rule Set

In whatthree ways will changing customer information impact the collection process? (Choose three.)

A. Changing information on the Profile tab does not have an impact on the level at which collections are done.

B. Adding or modifying customer contact name on theContacts tab impacts where the correspondence is sent.

C. Making changes on the Profile tab impacts the collection process.

D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.

E. Changing the Collector impacts the individual working with the delinquent customer.

Your customer has three sites defined in the system, site 1, site2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.

How will bills be generated?

A. Sites 1, 2, and 3 activities will be included in a single bill.

B. Sites 2and 3 activities will be included in a single bill.

C. Sites 1 and 2 activities will be included in a single bill.

D. Sites 1 and 3 activities will be included in a single bill.

What are three functions of the Create AutomaticReceipt Write-offs program? (Choose three.)

A. creating write-offs for specific currencies and customers

B. limiting write-offs by a percentage of the original receipt amount

C. scheduling periodic write-offs as receipt adjustments for small remaining balances

D. scheduling periodic write-offs as receipt adjustments for old remaining balances

E. scheduling periodic write-offs to occur in future periods

You are defining a new receipt class to process manual customer payments and plan to use reconciliation accounting in Cash Management. Which two clearance methods enable you to match and clear transactions in Cash Management? (Choose two.)

A. byfactoring

B. by Conformation

C. by Automatic Clearing

D. Directly

E. by matching

What validation step is required for implementing dispute processing?

A. The Recognize Revenue Program is scheduled.

B. BPM Work List for approval configuration is validated.

C. Periods for which the transaction can be disputedare Open.

D. All transactions are of the invoice type.

Identify three activities that you can perform from the Collections Dashboard. (Choose three.)

A. Verify Customer Payments.

B. Assign a Collector to a delinquent customer.

C. View the Total Amount Due for delinquent customers.

D. Record an activity to createa task or tasks to follow up on a delinquent customer.

E. Update the work status of a work item for a delinquent customer.

A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.

After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value?(Choose three.)

A. Account Number or Party Number

B. Currency code

C. Data Point ID

D. Data Point Description

E. Data Point Lookup