Part4:Oracle Fusion Financial Receivables Certification:1Z0-1056-20

QUESTION 13
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)?

 

Option's:
A.    by setting SM to "Requires Complete" and SMM to "Period"
B.    by setting SM to "Allow Partial" and SMM to "Percent"
C.    by setting SM to "Allow Partial" and SMM to "Period"
D.    by setting SM to "Requires Complete" and SMM to "Quantity"
E.    by setting SM to "Requires Complete" and SMM to "Percent" 

 

Answer: C,E

Answer Explanation: Two Ways could be  'by setting SM to "Allow Partial" and SMM to "Period"' and 'by setting SM to "Requires Complete" and SMM to "Percent" '.

QUESTION 14
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

 

Option's:
A.    The Implementation Project is preconfigured and cannot be deleted or changed.
B.    You must plan your Implementation Project carefully because you cannot delete it or make changes later.
C.    You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
D.    When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
E.    You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

 

Answer: E

Answer Explanation: You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

 

QUESTION 15
What information does the Collector see in the Activities List area of the Collections Dashboard?

 

Option's:
A.    customer’s profile for each assigned customer
B.    customer search as per the parameter specified
C.    status of processing activities from the Process Monitor
D.    tasks assigned to the Collector, such as follow-up calls
E.    summary of aged transactions

 

Answer : D
Explanation: References: Tasks assigned to the Collector, such as follow-up calls.
 

 
QUESTION 16
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables?
     .

Option's:
A.    removes the invoice line revenue contingencies
B.    leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
C.    removes the pending sales credits
D.    leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run 

 

 Answer: A

Answer Explanation: Removes the invoice line revenue contingencies.