Oracle Financials Cloud: Receivables 2024 Implementation Professional - 1Z0-1056-24 Free Exam Questions

A. The invoice is sent for a dunning follow-up.

B. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

C. The invoice can now be printed.

D. The invoice is eligible for transfer to the General Ledger.

E. Payment schedules are created using the payment terms specified.

A. scheduled processes

B. system privileges

C. user application privileges

D. customer contact information

E. the employees who are involved with the collections process and how the collectors will be assigned

A. Guarantee

B. Charge Back

C. Credit Memo

D. Debit Memo

E. Deposit

A. Previous Balance

B. Average Daily Balance

C. Overdue Transactions only

D. Adjusted Balance

A. an inventory item

B. a standard memo line

C. a credit memo line

D. a purchasing item

E. a debit memo line

A. You must plan your Implementation Project carefully because you cannot delete it or make changes later.

B. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

C. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.

D. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

E. The Implementation Project is preconfigured and cannot be deleted or changed.

A. Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.

B. Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.

C. Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.

D. Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL

A. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.

B. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.

C. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.

D. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.

A. Revenue Reference Accounts for Salesperson were not defined for the Transaction Business Unit

B. Salesperson is not required on the transaction and is left blank.

C. No Sales Credit salesperson has no reference accounts.

D. Transaction Type was defined as Overapplication set to Yes but Post to GL set to No.

E. Revenue Reference Accounts were entered for all salespersons.