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1z0-1056-23 Sample Questions Answers

Questions 4

In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.

At which details?

Options:

A.

Customer

B.

Organization

C.

Site

D.

Account

E.

Site Address

F.

Party

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Questions 5

Manage Receipt Classes and Methods

Scenario

Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.

Task:

Create a manual Receipt Class, where:

  • Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)
  • Receipts using this new receipt class will not be remitted
  • Organization will use Cash Management to clear their receipts

Options:

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Questions 6

Manage Collectors

Scenario:

You are responsible for defining a new collector. who will perform collection activities across multiple business units.

Task:

Create a new Collector. where:

  • Name of the collector is (Replace XX with 03. which is your allocated User ID.)
  • Collector must be available to all business units.
  • Collector maps to employee FASXX Student (Replace xx with 03, which is your allocated User ID.)

Options:

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Questions 7

When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?

Options:

A.

First Review Date

B.

Credit Review Cycle

C.

Order line Credit Limit

D.

Credit Limit

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Questions 8

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.

Which statement is true about the restrictions applied to the setup?

Options:

A.

Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

B.

Cash Managers can create and manage bank accounts for only those business units to which they are given access.

C.

Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

D.

Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

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Questions 9

When you run Auto lnvoice. the process may generate a list of records that fail validation.

Using which two methods/features, can you display the Auto lnvoice errors in an Excel workbook?

Options:

A.

The Incomplete Infotile

B.

The Manage Transactions task

C.

The Import Exceptions Infotile

D.

The Manage Auto lnvoice Lines task

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Exam Code: 1z0-1056-23
Exam Name: Oracle Financials Cloud: Receivables 2023 Implementation Professional
Last Update: Nov 15, 2024
Questions: 32
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