Free Oracle 1Z1-1056 Exam Dumps Questions & Answers

Which three benefits do intercompany reconciliation reports provide to an accountant?

• A.Comparing receivables and payables account balances and identifying discrepancies.
• B.Displaying intercompany receivables and payables balancing lines.
• C.Displaying clearing company balancing lines.
• D.Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.

You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms.
Payment Term = Net 30; Reference Data Set = Enterprise Set
Payment Term = Net 45; Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30; Reference Data Set = USA Set
Payment Term = Net 45; Reference Data Set = USA Set
If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?

• A.Net 30 (Enterprise Set), Net 45 (Enterprise Set)
• B.Net 30 (Enterprise Set), Net 45 (USA Set)
• C.Net 45 (Enterprise Set), Net 45 (USA Set)
• D.1%/10 Net 30 (USA Set), Net 45 (USA Set)

Which configuration step is required for processing Collections disputes?

• A.Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
• B.Define Dispute Thresholds in Collections Preferences.
• C.Define Aging Method to be used with disputed transactions.
• D.Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.

Which four output file types are available when you run the "Print Receivables Transactions" program?

• A.Zipped PDFs
• B.HTML
• C.Excel
• D.Word
• E.JPG
• F.PDF

Which two Collection Preferences can be selected as the default transaction class for the Transaction tab?
(Choose two.)

• A.Guarantee
• B.Debit Memo
• C.Credit Memo
• D.Deposit
• E.Charge Back