Part18:Oracle Fusion Financial Receivables Certification:1Z0-1056-20

QUESTION 69
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?

 

Option's:
A.    Search for the information in the Review Customer Account Details user interface.
B.    Apply, reverse, or process the receipt.
C.    Create an open debit memo.
D.    Search for open invoices on the Manage Transaction search page.

 

Answer: A

Answer Explanation: Search for the information in the Review Customer Account Details user interface.

 

QUESTION 70
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either or  Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)

 

Option's:
A.    a standard memo line
B.    a purchasing item
C.    a credit memo line
D.    an inventory item
E.    a debit memo line 

 

Answer: A,D 

Explanation: References: A.    a standard memo line
D.    an inventory item

QUESTION 71
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

 

Option's:
A.    the extended SSP amounts for all performance obligations in the customer contract
B.    the SSP amounts for all performance obligations in the customer contract
C.    the selling price for all performance obligations in the customer contract
D.    the allocated amount for all performance obligations in the customer contract
E.    the billing amount for all performance obligations in the customer contract

 

Answer: E

Answer Explanation: The billing amount for all performance obligations in the customer contract.
 

 
QUESTION 72
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

 

Option's:
A.    A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
B.    Only a Collections Administrator can modify the strategy.
C.    The Collector can modify the strategy from the Profile > Strategies tab.
D.    The strategy can be modified from the Manage Customers page.

 

Answer: A

Answer Explanation: A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.