Free Oracle 1Z0-1006 Exam Dumps Questions & Answers

Which two are rules applicable to issue of refunds? (Choose two.)

• A.You cannot refund more than either the original receipt amount or the remaining unapplied amount.
• B.You can issue a credit card refund to a customer who has made a cash payment.
• C.You can refund receipts that were either remitted or cleared.
• D.You can refund receipts that are factored.

Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

• A.Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
• B.Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
• C.Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
• D.The payable options and the receivable system options should have the same tax application options.
• E.Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
• F.First enter a payable transaction to calculate tax and then enter the receivable transaction.

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency?
(Choose two.)

• A.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
• B.Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
• C.Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
• D.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• E.Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

• A.Standard Memo Lines
• B.Receivable Specialists
• C.Revenue Contingencies
• D.Collectors
• E.Revenue Types

Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

• A.Create an Oracle Business Intelligence Applications (OBIA) Report.
• B.Query each customer refund and verify the Refund Status.
• C.Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
• D.Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).