Part2:Oracle Fusion Financial Receivables Certification:1Z0-1056-20

QUESTION 5
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.)

 

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

Answer: A,B,C

Answer Explanation: Three results are 'Payment schedules are created using the payment terms specified' & 'he invoice is sent for a dunning follow-up' and 'The invoice can now be printed'.

 

QUESTION 6
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise. Which three statements are true? (Choose three.)

 

Option's:
A.    It is not recommended to print transactions and balance forward bills directly from BI Publisher.
B.    If you have printed a transaction, the View Print button will not display a preview of the print.
C.    If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
D.    It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
E.    Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

 

Answer: C,D,E

Answer Explanation: True Statements are 'If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher' , 'It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them' and 'Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system'.

QUESTION 7
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
 

Option's:
A.    Verify Customer Payments.
B.    Assign a Collector to a delinquent customer.
C.    View the Total Amount Due for delinquent customers.
D.    Record an activity to create a task or tasks to follow up on a delinquent customer.
E.    Update the work status of a work item for a delinquent customer.

Answer: B,D,E

Answer Explanation: True Statements are 'Assign a Collector to a delinquent customer' , 'Record an activity to create a task or tasks to follow up on a delinquent customer' and 'Update the work status of a work item for a delinquent customer'.

 

QUESTION 8
Identify the receivables system option that relates to customers ?

 

Option's:
A.    Reciprocal Customer
B.    Receipt Method
C.    Default Country
D.    Automatic Site Numbering 

 

Answer: B,C

Answer Explanation: 'Receipt Method' & 'Default Country'.