Download Oracle Financials Cloud: Receivables 2018 Implementation Essentials.1z0-1006.TestKing.2019-06-28.38q.vcex

Vendor: Oracle
Exam Code: 1z0-1006
Exam Name: Oracle Financials Cloud: Receivables 2018 Implementation Essentials
Date: Jun 28, 2019
File Size: 24 KB
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Demo Questions

Question 1
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 2
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
Explanation:
Question 3
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 4
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 5
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 6
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. 
How should you configure Revenue management to ensure that these items are grouped into one performance obligation?
  1. By defining a Revenue Item Group
  2. By defining a Contact Identification Rule.
  3. By defining a Standalone Selling Price Profile.
  4. By defining a Performance Obligation Template.
Correct answer: D
Question 7
A Billing Specialist has created and completed an invoice for $100 USD for Customer A. 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?
  1. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
  2. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
  3. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
  4. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
Correct answer: B
Explanation:
Question 8
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 9
There are a few customers that you do not want to send dunning letters to. 
How do you exclude these customers from dunning?
  1. Disable “Send Dunning Letter” Option on Correspondence tab of the Collections Work Area.
  2. Disable “Send Dunning Letter” Option in Collections Preferences.
  3. Disable “Send Dunning Letter” Option on Profile tab of the Collections Work Area.
  4. Disable “Send Dunning Letter” Option in Transaction Source.
Correct answer: C
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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