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Vendor: Oracle
Exam Code: 1Z0-1056-21
Exam Name: Oracle Financials Cloud: Receivables 2021 Implementation Essentials
Certification: Enterprise Resource Planning (ERP)
Total Questions: 110 Q&A
Updated on: Nov 14, 2024
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Which two determinant types are used in reference data assignment? (Choose two.)
A. Business Unit
B. Account Segment
C. Project Segment
D. Project unit
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the
Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has
been issued against this invoice.
Explain how revenue accounting will occur.
A. Earned revenue will be debited for $50 USD.
B. Unearned revenue will be credited for $100 USD.
C. Earned revenue will be credited for $50 USD.
D. Unearned revenue will be debited for $50 USD.
Which configuration step is required for processing Collections disputes?
A. Define Aging Method to be used with disputed transactions.
B. Define Dispute Thresholds in Collections Preferences.
C. Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
D. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
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