Online 1D0-1056-24-D Practice Test

Question 1

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?

Options :

A : only after manual intervention

B : after 100 days

C : immediately

D : after 60 days

Answer: B

Question 2

Which two determinant types are used in reference data assignment? (Choose two.)

Options :

A : Business Unit

B : Account Segment

C : Project Segment

D : Project unit

Answer: A,D

Question 3

Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.

What should you do to meet this requirement in an efficient manner?

Options :

A : Create an Oracle Transactional Business Intelligence (OTBI) analysis.

B : Search in the Receivables ''Manage Credit Memo Applications'' page, then export results to Excel.

C : Run the predefined Transaction Details Report.

D : Search in the Payables ''Manage Payments'' page, then export results to Excel.

Answer: A

Question 4

A Billing Specialist has created and completed an invoice for $100 USD for Customer The Specialist prints the invoice and realizes that the invoice should have been created for Customer B. The accounting for the transaction for Customer A is posted to the General Ledger.

How can this be corrected?

Options :

A : Create an adjustment for the entire amount and create a negative adjustment for Customer B.

B : Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.

C : Change the status of the invoice to Incomplete and enter a new invoice for Customer B.

D : Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.

Answer: B

Question 5

The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.

To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

Options :

A : 10

B : 1012

C : 65535

D : 1

E : 1024

Answer: A

EXPERTY DESIGNED 1D0-1056-24-D PRACTICE TEST