Free Oracle 1z1-962 Exam Dumps Questions & Answers

After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)

• A.  Payment schedules are created using the payment terms specified.
• B.  The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
• C.  The invoice is eligible for transfer to the General Ledger.
• D.  The invoice can now be printed.
• E.  The invoice is sent for a dunning follow-up.

An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has been issued against this invoice.
Explain how revenue accounting will occur.

• A.  Unearned revenue will be credited for $100 USD.
• B.  Unearned revenue will be debited for $50 USD.
• C.  Earned revenue will be debited for $50 USD.
• D.  Earned revenue will be credited for $50 USD.

Identify two values that default from Customer Profile Classes. (Choose two.)

• A.  Tax
• B.  Legal Entity
• C.  Business Purpose
• D.  Statement Cycle
• E.  Payment Terms

Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

• A.  Flat Rate
• B.  Average
• C.  Compound
• D.  Declining Balance
• E.  Simple

A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?

• A.  Search for open invoices on the Manage Transaction search page.
• B.  Search for the information in the Review Customer Account Details user interface.
• C.  Apply, reverse, or process the receipt.
• D.  Create an open debit memo.