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Oracle 1Z0-1006 - Questions & Answers

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Question 1
Multiple choice

Which three receipts can be automatically applied by a system? (Choose three.)

A.

receipts that are unapplied

B.

receipts created in a spreadsheet and uploaded

C.

miscellaneous receipts

D.

receipts that are manually created

E.

receipts created in a lockbox and uploaded

Question 2
Single choice

Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.

Which option would you use to achieve this with the help of the Subledger Accounting solution?

A.

Mapping Set

B.

Supporting References

C.

Transaction References

D.

Description Rule

Question 3
Multiple choice

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.)

A.

Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

B.

The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

C.

Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

D.

The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

E.

Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

F.

The customer does not have the default strategy and default collector assigned at the customer account and site level.

Question 4
Single choice

There are a few customers that you do not want to send dunning letters to.

How would you exclude these customers from dunning?

A.

Disable Send Dunning Letter in Transaction Source Type.

B.

Disable Send Dunning Letter on the Correspondence tab.

C.

Disable Send Dunning Letter in Collections Preferences.

D.

Disable Send Dunning Letter on the Profile tab.

E.

Disable Send Dunning Letter in Transaction Type.

Question 5
Single choice

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A.

removes the invoice line revenue contingencies

B.

leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

C.

removes the pending sales credits

D.

leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

Question 6
Single choice

Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

A.

transactions that have the Print Option set to Do Not Print

B.

transactions that have the selected payment terms

C.

transactions have a Bill Type of Imported

D.

transactions that were included in a previous Balance Forward Bill

Question 7
Multiple choice

Identify the receivables system option that relates to customers.

A.

Reciprocal Customer

B.

Receipt Method

C.

Default Country

D.

Automatic Site Numbering

Question 8
Single choice

Identify the dunning letter template set provided by an application.

A.

Soft, Regular, Hard

B.

Regular, Medium, Hard

C.

Final Demand, Soft, Medium

D.

Regular, Final Demand, Medium

Question 9
Single choice

How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

A.

A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.

B.

Only a Collections Administrator can modify the strategy.

C.

The Collector can modify the strategy from the Profile > Strategies tab.

D.

The strategy can be modified from the Manage Customers page.

Question 10
Multiple choice

Which three transaction types are used to generate late charges? (Choose three.)

A.

Cash Receipts

B.

Adjustments against the original transaction

C.

Credit Memo

D.

Debit Memo

E.

Interest Invoice

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