Free Oracle 1Z0-1056-21 Exam Dumps Questions & Answers

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.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), 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.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.
• D.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
• E.Time-based contingencies must not expire before the contingency can be removed and revenue recognized.

Given the default system options:

Which two instances are you required to select for the - require salesperson flag? (Choose two.)

• A.FBDI Loader is required
• B.Revenue accounting is required
• C.Sales credit tracking is required
• D.Auto-Invoicing is required

Your Cloud client has decided to use Channel Revenue Management Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services.
Which three setup steps are predefined for this feature? (Choose three.)

• A.predefined Channel Revenue Management transaction type
• B.predefined Channel Revenue Management transaction source
• C.predefined Channel Revenue Management auto accounting type
• D.predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
• E.predefined Claim Investigation activity type under Receivables Activities

Identify the receivables system option that relates to customers.

• A.Receipt Method
• B.Reciprocal Customer
• C.Default Country
• D.Automatic Site Numbering

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

• A.Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
• B.Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
• C.Intercompany invoicing must be enabled in Payables Invoice Options.
• D.Intercompany invoicing must be enabled in Receivables System Options.