Online 1D0-1056-25-D Practice Test

Question 1

The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.

Identify the column.

Options :

A : Transaction Class

B : Transaction Number

C : Transaction Source

D : Transaction Date

Answer: B

Question 2

Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.

How should you configure Intercompany System Option*; to meet this requirement?

Options :

A : Set 'Minimum Transaction Amount' to 3,000 and 'Minimum entered Currency' to USD.

B : Set 'Minimum Transaction Amount' to 2,999.99 and 'Minimum Entered Currency' to ALL

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

D : Set 'Minimum Invoice Amount' to 3,000 and 'Invoice Currency' to USD in Payables Invoice Options and Receivables System Options.

Answer: D

Question 3

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

Options :

A : Intercompany invoicing must be enabled in Payables Invoice Options.

B : Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C : Intercompany invoicing must be enabled in Receivables System Options.

D : Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Answer: D

Question 4

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

Options :

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 create a task or tasks to follow up on a delinquent customer

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

Answer: A,B,D

Question 5

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

EXPERTY DESIGNED 1D0-1056-25-D PRACTICE TEST