Oracle prepway oracle Financials Cloud 1z0-1056-22 Release Date by Elliana q30 vce pdf

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Exam Name:	Oracle Financials Cloud: Receivables 2022 Implementation Professional
Exam Code:	1z0-1056-22 Dumps
Vendor:	Oracle	Certification:	Oracle Financials Cloud
Questions:	152 Q&A's	Shared By:	elliana

Question 16

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

Options:

Two Step Allocation Method

Inverted Allocation Method

Alternative Allocation Method

Relative Allocation Method

Residual Allocation Method

Discussion

Question 17

Upon approval of a remittance batch of type “Factored withRecourse,” the Receivables application creates a receipt and establishes risk.

How does Receivables establish risk?

Options:

by generating a bills receivables adjustment

by creating an on-account credit memo

by recording an entry to the Remitted Bills Receivable account

by recording short-term debt

Discussion

Question 18

After a customer bankruptcy is approved, what happens in the Collections application?

Options:

Collection activities are suspended, delinquent transactions nolonger appear on the Collections Work Area and customer status is changed to Bankrupt.

Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.

Collection activitiesare suspended and delinquent transactions appear in the Collections Work Area.

The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.

Discussion

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Question 19

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

Options:

The Transaction Summary Report shows only transactions with a status of received.

The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

The ledger balancing lines are generated when theprimary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

You need to submit the Extract Intercompany Reconciliation Data job.