Part10:Oracle Fusion Financial Receivables Certification:1Z0-1056-20

QUESTION 37
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Sub ledger Accounting solution?

 

Option's:
A.    Mapping Set
B.    Supporting References
C.    Transaction References
D.    Description Rule 

Answer: B
Explanation: References: Supporting References.

 

QUESTION 38
To meet the business needs of most organizations, “Common Set” is seeded In Fusion for all set-enabled objects with the exception of    _____?

 

Option's:
A.    AutoMatch Rule Sets
B.    AutoCash Rules
C.    Revenue Scheduling Rules
D.    Customer Site
E.    Aging Methods 

 

Answer: D

Answer Explanation: Customer Site.

 

QUESTION 39
Identify two late charge interest calculation methods. (Choose two.)

 

Option's:
A.    Previous Balance
B.    Adjusted Balance
C.    Overdue Transactions only
D.    Average Daily Balance 

 

 

Answer: C,D 

Explanation: References: Overdue Transactions only & Average Daily Balance
 

 

QUESTION 40
Which statement is true about Balance Forward Billing?

 

Option's:
A.    Balance Forward Bills must be enabled at each bill-to-site level.
B.    Balance Forward Bills can be created for a future date.
C.    Transactions included on a Balance Forward Bill can be updated.
D.    The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

 

Answer: A

Explanation: References: Balance Forward Bills must be enabled at each bill-to-site level.