Identify three set enabled setups in Receivables Choose three Oracle 1z0 1056 3

Identify three set enabled setups in receivables

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Identify three set-enabled setups in Receivables. (Choose three.)
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Oracle - 1z0-1056 3 of 34 A. B. C. D. E. A. B. C. D. E. F. A. B. C. D. Collectors Standard Memo Lines Revenue Types Receivable Specialists Revenue Contingencies Answer: B C E Question #:6 Which two statements are true about Accounting for Tax on Receivables? (Choose two.) For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting. Answer: C E Question #:7 Which two are rules applicable to issue of refunds? (Choose two.) You cannot refund more than either the original receipt amount or the remaining unapplied amount. You can refund receipts that were either remitted or cleared. You can issue a credit card refund to a customer who has made a cash payment.
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Oracle - 1z0-1056 4 of 34 D. A. B. C. D. A. B. C. D. E. A. B. You can refund receipts that are factored. Answer: A B Explanation References: Question #:8 How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard? A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector. Only a Collections Administrator can modify the strategy. The Collector can modify the strategy from the Profile > Strategies tab. The strategy can be modified from the Manage Customers page. Answer: A Question #:9 Which three receipts can be automatically applied by a system? (Choose three.) receipts that are unapplied receipts created in a spreadsheet and uploaded miscellaneous receipts receipts that are manually created receipts created in a lockbox and uploaded Answer: C D E Question #:10 Identify two late charge interest calculation methods. (Choose two.) Previous Balance
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Oracle - 1z0-1056 5 of 34 B. C. D. A. B. C. D. A. B. C. D. Adjusted Balance Overdue Transactions only Average Daily Balance Answer: C D Explanation References: Question #:11 Your customer has three business units. The customer wants to share customer account addresses across these business units.
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  • Spring '17
  • Dr. Deepak Halan
  • invoice

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