Realexamdumps.com 1z0-1006 Exam Questions Answers Dump

1. Oracle 1Z0-1006 Oracle Financials Cloud: Receivables Cloud 2018 Implementation Essentials For More Information – Visit link below: https://www.realexamdumps.com/ Product Version Up to Date products, reliable and verified. Questions and Answers in PDF Format.

2. Question: 1 To determine the best approach to converting a client’s data, you must know which setup is set-enabled and can be shared. Identify three set-enabled setups in Receivables. (Choose three.) A. Collectors B. Standard Memo Lines C. Revenue Types D. Receivable Specialists E. Revenue Contingencies Answer: B C E Question: 2 When a customer opts to make a payment by a credit card, this receipt is identified as a(n) _______________. A. miscellaneous receipt B. quick cash receipt C. manual receipt D. automatic receipt E. AutoLockbox receipt Answer: D Question: 3 A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits. What would be the result? A. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits. B. The program can be run only if the amount is within the Billing Specialist's approval limits. C. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits. D. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.

3. Answer: A Explanation Referencehttps://docs.oracle.com/cd/A60725_05/html/comnls/us/ar/adjust.htm#n_adj Question: 4 How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard? A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector. B. Only a Collections Administrator can modify the strategy. C. The Collector can modify the strategy from the Profile > Strategies tab. D. The strategy can be modified from the Manage Customers page. Answer: A Question: 5 What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.) A. Lockbox Transmission History B. Create Automatic Receipts C. Correct Funds Transfer Errors D. Create Receipt Remittance Batch E. Manage Receipt Remittance Batches Answer: B D E Question: 6 You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest. Which statement is true when the create bills receivable batch is processed for a customer on January 31,2015? A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.

4. B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015. C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30,2015. D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015. E. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015. F. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively. Answer: C Question: 7 A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days). When will revenue be recognized? A. only after manual intervention B. after 100 days C. immediately D. after 60 days Answer: B Question: 8 Which two determinant types are used in reference data assignment? (Choose two.) A. Business Unit B. Account Segment C. Project Segment D. Project unit Answer: A D Question: 9 Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

5. A. The Transaction Summary Report shows only transactions with a status of received. B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report. C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature. D. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance. E. You need to submit the Extract Intercompany Reconciliation Data job. Answer: C D Question: 10 You created a bills receivable that is factored with recourse and applied a wrong receipt to the short- term debt before the bill maturity date plus the risk elimination days. Which actions are true? (Choose two.) A. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested. B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold. C. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall. D. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance. E. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid. Answer: C D Explanation For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications. References: 1z0-1006 Dumps Question And Answer