Free 1Z0-1056-21 Questions for Oracle Financials Cloud: Receivables 2021 Implementation Essentials 1Z0-1056-21 Exam as PDF & Practice Test Engine
You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type.
From which three tables can the segment value be defaulted? (Choose three.)
From which three tables can the segment value be defaulted? (Choose three.)
Correct Answer: A,D,E
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Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?
Correct Answer: B
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Which two determinant types are used in reference data assignment? (Choose two.)
Correct Answer: A,C
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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?
When will revenue be recognized?
Correct Answer: A
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Which two statements are true regarding the Promise to Pay feature in the Collections application?
Correct Answer: A
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Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?
Correct Answer: C
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One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?
Correct Answer: C
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Which two statements are true about Accounting for Tax on Receivables? (Choose two.)
Correct Answer: D,F
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