Free Oracle 1Z0-1056 Exam Dumps Questions & Answers

The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.

• A.  Transaction Number
• B.  Transaction Class
• C.  Transaction Date
• D.  Transaction Source

You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)

• A.  If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
• B.  If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
• C.  If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
• D.  If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
• E.  If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.

Which configuration step is required for processing Collections disputes?

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

What are the three setup steps required to implement the Lockbox feature? (Choose three.)

• A.  credit card refunds
• B.  Receipt Classes and Receipt Methods
• C.  late charges
• D.  Lockbox and Lockbox Transmission Formats
• E.  Receipt Sources

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)