Download Oracle Financials Cloud: Receivables 2018 Implementation Essentials.1z0-1006.BrainDumps.2019-11-12.45q.vcex

Vendor: Oracle
Exam Code: 1z0-1006
Exam Name: Oracle Financials Cloud: Receivables 2018 Implementation Essentials
Date: Nov 12, 2019
File Size: 26 KB
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Demo Questions

Question 1
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line. 
As a Billing Specialist, which action should you take?
  1. Navigate to the “Credit Reviews” Work Area and do research for the customer in question.
  2. Search for open invoices and debit memos in the “Manage Customers” page.
  3. Search for open invoices and debit memos in the “Manage Transactions” page.
  4. Search for the information in the “Review Customer Account Details” page.
Correct answer: D
Question 2
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report. Which statement is true?
  1. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
  2. You can select only a Closed accounting period.
  3. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
  4. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
Correct answer: A
Question 3
When running the Collections Delinquency Management process, the business unit for which you want to run process does not appear in the drop-down menu. 
What action do you need to take?
  1. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
  2. Business unit is not a required option on the Parameters tab to run the delinquency process.
  3. Only business units that the user has access to will appear in the list of values. Authorize data access to the user for the missing business unit.
  4. Select the check box to enter the default business uni if it does not appear in the drop-down menu.
Correct answer: C
Question 4
Which three receipts can be automatically applied by the “Apply Receipts Using AutoMatch” process?
  1. Receipts that are manually created.
  2. Miscellaneous receipts.
  3. Receipts created from a lockbox and uploaded.
  4. Receipts created in a spreadsheet and uploaded.
  5. Receipts with unapplied amounts.
Correct answer: ACD
Question 5
Once the Create Balance Forward Billing program determines the customer or customers, which transactions does it select for inclusion in the bill?
  1. Transactions that were included in a previous balance Forward Bill
  2. Transactions that have the Print Option set to Do Not Print
  3. Transactions that have the selected payment terms
  4. Transactions that have a transaction source of type imported.
Correct answer: C
Question 6
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
  1. Unidentified Receipts
  2. Lockbox Exceptions
  3. Receipt Batches
  4. Unapplied Receipts
  5. Unapplied Credits
Correct answer: A
Question 7
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?
  1. Create an Oracle Transactional Business Intelligence (OTBI) analysis.
  2. Search in the Receivables “Manage Credit Memo Applications” page, then export results to Excel.
  3. Run the predefined Transaction Details Report.
  4. Search in the Payables “Manage Payments” page, then export results to Excel.
Correct answer: A
Question 8
To meet the business needs of most organizations, Oracle Cloud delivers several setups associated with the Reference Data Set “COMMON”. 
Which is NOT one of these delivered setups?
  1. AutoCash Rules
  2. Revenue Scheduling Rules
  3. Customer Site
  4. Aging Methods
  5. AutoMatch Rule Sets
Correct answer: C
Question 9
When you move revenue in an invoice lie from an unlearned account to an earned revenue account, Receivables _________.
  1. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
  2. removes the invoice line revenue contingencies
  3. removes the pending sales credits
  4. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
Correct answer: B
Question 10
Which three Interest Calculation Formulas are available to calculate late charges in Receivables?
  1. Simple
  2. Flat Rate
  3. Compound
  4. Declining Balance
  5. Average
Correct answer: ABC
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