Part16:Oracle Fusion Financial Receivables Certification:1Z0-1056-20

QUESTION 61
Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area?

 

Option's:
A.    Revenue Manager
B.    Accounts Receivable Manager
C.    Accounts Receivable Specialist
D.    Billing Specialist 

Answer: C
Explanation: References: Accounts Receivable Specialist.

 

QUESTION 62
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the Auto Cash rule set.
In which three places is the rule set found? (Choose three.)

 

Option's:
A.    System Options
B.    Receipt Class
C.    Customer Site
D.    Receipt Method
E.    Customer Account 

 

Answer: C,D,E
Explanation: If transactions cannot be matched or transaction information is not available, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.
References:

 

QUESTION 63
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

 

Option's:
A.    The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
B.    The program allows table hierarchies for customer bank accounts, but not for other customer information.
C.    No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
D.    Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
E.    The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

 

Answer: D

Answer Explanation: Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

 

QUESTION 64
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

 

Option's:
A.    Two Step Allocation Method
B.    Inverted Allocation Method
C.    Alternative Allocation Method
D.    Relative Allocation Method
E.    Residual Allocation Method 

 

Answer: A
Explanation: References: Two Step Allocation Method