Oracle Financials Cloud: Receivables 2020 Implementation Essentials - 1Z0-1056-20 Free Exam Questions

A. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.

B. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.

C. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.

D. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.

A. Receivables can look at the adjustment activity and retrieve the tax rate code.

B. Receivables can look at System Options and retrieve the tax rate code.

C. There is no need to retrieve the tax rate code.

D. Receivables can look at invoice and retrieve the tax rate code.

A. Click the Settings button to apply appropriate settings so that the business unit appears in the drop- down menu.

B. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.

C. Select the check box to enter the default business unit if it does not appear in the drop-down menu.

D. Business unit is not a required option on the Parameters tab to run the delinquency process.

A. drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition

B. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel

C. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

D. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger

E. drilldown to see reconciliation details and to make reconciling corrections

A. Unapplied Credits

B. Receipt Batches

C. Unapplied Receipts

D. Unidentified Receipts

E. Lockbox Exceptions

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

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

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

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

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

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

A. Aging Tab

B. History Tab

C. Profile Tab

D. Transactions Tab

A. transactions that have the selected payment terms

B. transactions that were included in a previous Balance Forward Bill

C. transactions that have the Print Option set to Do Not Print

D. transactions have a Bill Type of Imported

A. by importing the correct data by using a new spreadsheet upload

B. by using the Customer Import Interface work area

C. by using the correct Customer Data spreadsheet

D. by using the correct Customer Payment Method spreadsheet