Download Oracle Financials Cloud: Receivables 2018 Implementation Essentials.1z0-1006.Test4Prep.2019-12-13.48q.vcex

Vendor: Oracle
Exam Code: 1z0-1006
Exam Name: Oracle Financials Cloud: Receivables 2018 Implementation Essentials
Date: Dec 13, 2019
File Size: 29 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
Advanced Collections allows you to assign one or more collectors – along with the primary collector – to create a Collector Group. All collectors who belong to a group can then perform the same collections activities. 
Which statement listed below is NOT accurate in relation to the Collector Group feature?
  1. Collectors who belong to the same Collector Group can reassign strategy tasks to themselves or to other collectors in the group.
  2. The Collections Work Area has been enhanced to support Collector Group usage.
  3. Collection Groups are defined in the “Manage Resources” page.
  4. Collectors can always be assigned to more than one active Collector Group.
Correct answer: D
Question 3
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 4
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. 
How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
  1. by setting SM to “Allow Partial” and SMM to “Period”
  2. by setting SM to “Requires Complete” and SMM to “Period”
  3. by setting SM to “Requires Complete” and SMM to “Percent”
  4. by setting SM to “Requires Complete” and SMM to “Quantity”
  5. by setting SM to “Allow Partial” and SMM to “Quantity”
Correct answer: D
Question 5
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 6
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 7
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds her/his approval limit. What is the status of the adjustment?
  1. More Research
  2. Rejected
  3. Pending Approval
  4. Approval Required
Correct answer: C
Question 8
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 9
A few transactions have resulted in an error during the AutoInvoice import process. Where should you navigate to correct these transactions?
  1. Import Exceptions Infotile
  2. Manage Transactions Page
  3. Create Transactions Page
  4. Incomplete Infotile
Correct answer: B
Question 10
What are the three types of pricing bands that can be used to determine pricing dimensions?
  1. Percentage band
  2. Range band
  3. Quantity band
  4. Amount band
  5. Set band
Correct answer: CDE
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