Oracle 1Z0-1056-22 Certification Exam: Sample Questions and Answers
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1Z0-1056-22 Certification Detail Exam Code
1Z0-1056-22
Full Exam Name
Oracle Financials Cloud Receivables 2022 Implementation Professional
Number of Questions
58
Practice Exams
1Z0-1056-22 Online Practice Exam
Passing Score
64%
Time Limit
90 minutes
Recommended Training
Oracle Financials Cloud: Receivables 2022 Certified Implementation Professional Oracle Financials Cloud Learning Subscription
Syllabus Topics for Oracle 1Z0-1056-22 Exam Topic Name Configuring Common Receivables
Configuring Customer Billing
Configuring Customer Payments
Managing Customer Billing
Processing Customer Payments
Bill Management
Reporting for Account Receivables & Advanced Collections
Configuring and Using Advanced Collections
Oracle 1Z0-1056-22 Exam Questions
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01. 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 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) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
02. Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level. How will bills be generated? Option a) Sites 1, 2, and 3 activities will be included in a single bill. b) Sites 2 and 3 activities will be included in a single bill.
c) Sites 1 and 2 activities will be included in a single bill. d) Sites 1 and 3 activities will be included in a single bill.
ANSWER c) Sites 1 and 2 activities will be included in a single bill.
03. In what three ways will changing customer information impact the collection process? (Choose three.) Option
a) Changing information on the Profile tab does not have an impact on the level at which collections are done. b) Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
c) Making changes on the Profile tab impacts the collection process. d) Business-unit-level changes will not impact the display of delinquent customers on the dashboard. e) Changing the Collector impacts the individual working with the delinquent customer.
ANSWER b) Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent. c) Making changes on the Profile tab impacts the collection process.
e) Changing the Collector impacts the individual working with the delinquent customer.
04. Which two are rules applicable to issue of refunds? (Choose two.) Option
a) You cannot refund more than either the original receipt amount or the remaining unapplied amount. b) You can refund receipts that were either remitted or cleared. c) You can issue a credit card refund to a customer who has made a cash payment. d) You can refund receipts that are factored.
ANSWER a) You cannot refund more than either the original receipt amount or the remaining unapplied amount. b) You can refund receipts that were either remitted or cleared.
05. 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 Subledger Accounting solution? Option a) Mapping Set b) Supporting References
c) Transaction References d) Description Rule
ANSWER b) Supporting References
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